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Investment case

PDI aims to deliver long-term sustainable returns for shareholders and stakeholders through the operation and development of its West African gold assets.

Multi-asset West African gold company
A diversified gold company with operating and development assets across Guinea and Mali, combining cash flow with long-life growth.


Strategic and operational scale
Mineral Resource base of ~9.5Moz inclusive of Mineral Reserves of ~4.5Moz, and expected production of >400koz per annum by 2029.


Tier-1 scale and long-life optionality at Bankan
Bankan is one of Africa’s largest undeveloped gold projects, with a 5.5Moz Mineral Resource and expected production of ~250 koz per annum over 12 years.


Strong financial platform to fund Bankan’s development
Net cash position and cash flows from the Kiniéro and Nampala mines are expected to materially reduce (or eliminate) the need for external funding for Bankan’s development.


Experienced leadership and development team
An experienced Board and management team with a strong track record in Africa. Highly successful development team has constructed numerous gold project in West Africa on time and budget.


Exploration upside
Excellent potential across the entire asset portfolio to significantly extend mine life through near-mine and regional exploration success.


Near-term catalysts have potential to drive share price re-rate
Upcoming catalysts include: consolidation of commercial production and cash flow generation at Kiniéro, receipt of Bankan and Mansounia exploitation (mining) permits, commencement of construction at Bankan, expected index inclusions and weighting increases to drive passive buying.

PDI & Robex merger

PDI & Robex merger

In April 2026, Predictive Discovery Limited completed its merger with Robex Resources Inc., bringing together two of West Africa’s lowest cost, largest scale gold projects under a single, well-capitalised company.

The merger combined PDI’s tier-one Bankan Gold Project, one of Africa’s largest undeveloped gold deposits, with Robex’s Kiniéro Gold Mine, which achieved commercial production in early 2026. The combined group is listed under the PDI ticker on the ASX and TSX and is targeting production of more than 400,000 ounces of gold per annum by 2029.

The transaction was implemented by way of a plan of arrangement, with Robex shareholders receiving 7.862 PDI shares for each Robex share held. The combined company brings together a world-class mine-building and operations team with a strengthened balance sheet and clear financing pathway for the development of the Bankan Project, without the requirement to raise additional equity or project finance debt.

With two high-quality assets in Guinea, a proven management team and a clear growth strategy, PDI is well positioned to become one of West Africa’s leading gold producers.

Last updated:
17th April 2026

Share price & information
Regulatory news
..
Results & reports
Presentations
Broker research

PDI is covered by the investment firms and research analysts listed here. These details are provided for information purposes only — we do not distribute research reports — and investors wishing to receive copies of the reports may contact the research analysts directly.

Please note that any opinions, estimates, forecasts or predictions regarding the prior or future performance of PDI made by these analysts are theirs alone and do not represent the opinions, estimates, forecasts or predictions of PDI or its management. PDI does not by reference below or distribution imply its endorsement of or concurrence with such information, conclusions, or recommendations.

Argonaut
Patrick Streater (Aus)
[email protected]
Barrenjoey
Richard Knights (Aus)
[email protected]
BMO Capital Markets
Frederic Bolton (UK)
[email protected]
Canaccord Genuity
Paul Howard (Aus)
[email protected]
Euroz Hartleys
Mike Millikan (Aus)
[email protected]
SCP Resource Finance
Justin Chan (UK)
[email protected]

Last updated: April 2026
This list may not be complete and may change as firms initiate or withdraw coverage.

Corporate governance

PDI is committed to conduct the company’s business ethically and in a way that is open and accountable to shareholders and the marketplace. The Board of Directors of PDI are responsible for monitoring the business undertakings of the Company and protecting the rights and interests of shareholders. High standards of corporate governance are considered essential to give effect to these responsibilities.

PDI’s corporate governance policies are set and reviewed from time to time by the Board having regard to any changing circumstances of the industry, Company and the best interests of shareholders. Accordingly, the Company has, where appropriate, sought to adopt the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations (the ‘Principles’).

The corporate governance principles and practices adopted by PDI may differ from those set out in the ASX Recommendations where the Board considers that adherence is not appropriate, having regard to the nature, complexity and size of the Company’s business.

Our approach is informed by the World Gold Council’s Responsible Gold Mining Principles.

Investor calendar

Please refer to the table below for indicative timing of PDI’s key upcoming periodic events and releases.
Please note that these dates are subject to change.

Corporate directory

Directors
Andrew Pardey
Non-Executive Chairman

Matthew Wilcox
CEO & Managing Director

Alain William
Executive Director, Chief Legal & Government Relations Officer

Simon Jackson
Non-Executive Director (Lead Independent)

Alberto Lavandeira
Non-Executive Director (Independent)

Howard Golden
Non-Executive Director (Independent)

Steven Michael
Non-Executive Director (Independent)

Investor enquiries
Brad Milne
Corporate Development Manager
E [email protected]
T +61 8 9216 1000

Media enquiries (UK/global)
Bobby Morse/Louise Mason-Rutherford/George Pope
Burson Buchanan
E [email protected]
T +44 (0) 20 7466 5000

Media enquiries (Australia)
Sam Macpherson
VECTOR Advisors
E [email protected]
T +61 401 392 925

Share registry
Computershare Investor Services Pty Ltd
GPO Box 2975
MELBOURNE VIC 3001
E [email protected]
T 1300 850 505 (Australia)
T +61 3 9415 4000 (Overseas)
W www.computershare.com.au

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ASX code
PDI

Postal address
PO Box 1710
WEST PERTH WA 6872

Registered Office
Suite 8, 110 Hay Street
SUBIACO WA 6008
E [email protected]
T +61 8 9216 1000