Predictive Discovery Ltd has received firm commitments to raise A$50 million in a placement to fund resource definition and exploration drilling at the Bankan Gold Project in Guinea and the completion of a definitive feasibility study (DFS).
A prefeasibility study (PFS) on ASX-listed Predictive Discovery’s Bankan project, in Guinea, has confirmed that the project is one of the largest discoveries in West Africa and potentially also a future tier-one mine, MD Andrew Pardey says.
Predictive Discovery Ltd has released a pre-feasibility study (PFS) for its Bankan Gold Project in Guinea, detailing robust production and financial metrics that underscore the project’s global appeal.
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value more than $210 million higher than its capital costs.
ASX-listed Predictive Discovery has revealed “promising” findings from its regional drilling activities at the Bankan gold project, in Guinea, which has a substantial 5.38-million-ounce gold reserve.
Predictive Discovery Ltd is making steady progress in advancing its key asset, the Tier-1 Bankan Gold Project in Guinea, which is the largest gold discovery in West Africa in a decade.
Predictive Discovery has reported encouraging results from multiple drilling programs at its Bankan Gold Project in Guinea. The results include significant intercepts at both the NEB and BC areas, as well as promising findings at the Argo exploration site, setting the stage for the next phase of drilling.
The flagship Bankan Project comprises four tenements – Kaninko, Saman, Argo and Bokoro – and encompasses 358 square kilometres with the company returning strong and consistent gold results in ongoing exploration as it seeks to grow the 5.38-million-ounce bounty.
Predictive Discovery has reported drilling results from the Bankan Gold Project in Guinea, from various resource definition and exploration programs at NEB, BC, and targets near the existing 5.38 Moz Mineral Resources.
Predictive Discovery Ltd (ASX:PDI, OTC:PDIYF) has received strong drilling results from the Bankan Gold Project in Guinea, demonstrating potential to continue to increase the project’s existing 5.38-million-ounce mineral resource.