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Investment case

PDI aims to deliver long-term sustainable returns for shareholders and stakeholders through development of the Bankan Gold Project, and exploration and possible development of other assets within Guinea.

Largest gold discovery in West Africa in a decade. 5.38Moz Mineral Resource inclusive of a 3.05Moz Ore Reserve defined at NEB and BC.

Significant potential to grow the current Mineral Resource at NEB, BC and near-resource targets, and prospective for additional large-scale discoveries along the 35km gold super structure within Bankan’s permits.

Rapidly advancing towards development, with a PFS and ESIA completed in April 2024 to facilitate securing an Exploitation Permit in the second half of 2024.

The largest African gold development project, with the PFS defining average production of 269Koz per annum over a current 12-year mine life.

The lowest capital cost intensity of African gold development project and low all-in sustaining costs (AISC) of US$1,130/oz.

Strong financial metrics with a post-tax NPV5% of US$1.4bn, IRR of 42% and payback period of 2.0 years at a US$2,300/oz gold price.

Highly experienced Board and Management team have developed and operated numerous gold mines in Africa, including in Guinea.

Guinea is an established mining address, with significant production of bauxite and gold. PDI has the full backing of Guinean government.

Well-funded and a supportive shareholder base, following completion of a A$50m oversubscribed equity raising in mid-2024.

Positioned to become one of Guinea’s largest gold producers within 5 years.

Share price & information
Regulatory news
Results & reports
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.

Ben Crooks (Aus)
Richard Knights (Aus)
Richard Hatch (UK)
BMO Capital Markets
Raj Ray (UK)
Canaccord Genuity
Paul Howard (Aus)
Euroz Hartleys
Mike Millikan (Aus)
SCP Resource Finance
Justin Chan
Andrew Breichmanas (UK)

Last updated: June 2023
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

Mr Simon Jackson
Non-Executive Chairman (Independent)
Mr Andrew Pardey
Managing Director
Mr Steven Michael
Non-Executive Director (Independent)
Ms Sandra Bates
Non-Executive Director (Independent)

Investor enquiries
Brad Milne
Corporate Development Manager
T +61 8 9216 1000

Media enquiries
Bobby Morse/George Pope
T +44 (0) 20 7466 5000

Share registry
Computershare Investor Services Pty Ltd
GPO Box 2975
T 1300 850 505 (Australia)
T +61 3 9415 4000 (Overseas)

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ASX code

Postal address
PO Box 1710

Registered Office
Suite 8, 110 Hay Street
T +61 8 9216 1000