The DFS on Predictive Discovery’s Bankan gold project in Guinea has recently been released and has confirmed the quality of the project, which seems destined to become one of West Africa’s foremost gold mines.
Australian gold reserves developer in West Africa Predictive Discovery Limited’s definitive feasibility study (DFS) for the Bankan gold project in Guinea has delivered returns with post-tax project NPV5% of US$1.6bn, IRR of 46% and payback period of less than two years at a base case gold price assumption of US$2,400/oz, which reflects the current median long-term real consensus gold price forecast.
Australia’s Predictive Discovery said on Tuesday that China’s Zijin Mining will invest A$24.1 million ($15 million), while Lundin family will invest A$45.1 million in the gold explorer, to acquire a 3.5% and a 6.5% stake, respectively.
The government of Guinea has approved ASX-listed Predictive Discovery’s environment- and social-impact assessment on the Bankan gold project.
Predictive Discovery (ASX:PDI) is completing an extensive drilling program focused on growing and upgrading the Bankan Project’s current mineral resource to support a Definitive Feasibility Study (DFS).
Predictive Discovery Ltd (ASX:PDI, OTC:PDIYF) has hit more high-grade gold in resource definition drilling at the Fouwagbe target of the Bankan Gold Project in Guinea as it works toward a maiden mineral resource estimate.
Bankan Gold Project, PFS Confirms Tier 1 Status, page 28
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.