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Our business & strategy

PDI is focused on delivering long-term sustainable value to our shareholders and stakeholders via the development of the Bankan Gold Project in the Siguiri Basin, Guinea.

 

Having taken the Bankan Gold Project to a 3.05Moz Ore Reserve (out of the current 5.38Moz Mineral Resource) in just four years since its discovery, PDI is focused on sustainably developing the Project into a Tier-1 gold mine, as well as exploring for other gold deposits within the highly prospective Bankan permits.

To become one of the largest gold mines in West Africa, PDI needs to not only minimise the environmental impact of the mine but provide a sustainable approach to protecting and enhancing the natural and social ecosystems within and outside of PDI’s mining area of influence. To achieve this, we require the cooperation and support from all our stakeholders whilst building on the steady progress already made hand in hand with these crucial groups. The Company has completed an extensive Environmental and Social Impact Assessment (ESIA) including baseline environmental, biodiversity and social studies ahead of the next phase of the Project’s development.

PDI has also completed a Pre-Feasibility Study (PFS) for the Bankan Gold Project, which outlined large-scale and long-life operation with low costs and strong financials.

PDI has built a highly competent team at the Board and Management levels, bringing in core skill sets that include mine-building, operations, capital markets, modern exploration as well as highly qualified sustainability and ESG-related competencies.

The Bankan Gold Project is only at the beginning of its journey, and we remain firmly committed to building a business which will position Guinea as a key participant in Africa’s fast developing gold sector.

Our values & culture

PDI is defined by its core values of Respect – for individuals, environment and community, Teamwork and Excellence

 

These are the values that guide our internal decision making and our relationships with external stakeholders. We aim to not only protect but to promote and champion the regions, environments and communities within which we work.

PDI plans to unlock the full benefits of the resources we aim to mine for all stakeholders invested in its discovery and production. By putting in place the right people and the right processes, we aim to develop a mine that delivers long-term sustainable growth for all stakeholders.

Our leadership

The board

Simon Jackson
Non-executive Chairman (Independent)
Simon is a Chartered Accountant with over 25 years’ experience in management of resource companies, particularly in Africa. He was a senior member of the management team of TSX listed Red Back Mining, a company that financed, developed and operated two gold mines in West Africa culminating in a CAD$9.3 billion takeover by TSX/NYSE listed Kinross Gold in 2010. He was then founding President & CEO and later Chairman of TSX-V listed Orca Gold, which discovered the Block 14 gold project in Sudan and was acquired by ASX listed Perseus Mining in May 2022. Simon is currently Non-executive Chairman of TSX-V/ASX listed Sarama Resources, Non-executive Chairman of ASX listed Leeuwin Metals, a Non-executive Director of ASX/LSE listed Resolute Mining and has been a director of multiple ASX and TSX listed companies.

Andrew Pardey
Managing Director
Andrew is a geologist with more than 30 years’ experience covering exploration, project development, construction and operation. He served as the CEO of the $2 billion LSE/TSX listed Centamin, which owns the major (450koz pa) Sukari Gold Mine in Egypt. Andrew was a major driving force in bringing Sukari into production, having joined during the transition of the operation from construction into production. He also held senior management roles at the Anglogold-Ashanti Siguiri Mine and Nordgold Lefa Mine, both of which are located within Guinea’s Siguiri Basin, which also hosts PDI’s Bankan Project.

Sandra Bates
Executive Director – Legal and ESG
Sandra is an international lawyer and public company director with over 25 years of top-tier private practice and in-house experience advising management teams and boards of both listed and private companies in Europe, North America and Africa. She is a risk assessment and ESG specialist and brings extensive experience of guiding companies in the natural resources sector through complex negotiations often with a cross-cultural element. Most recently, Sandra was General Counsel of TSX-V listed Elemental Altus Royalties Corp. and was previously a partner at Canadian firm Stikeman Elliott LLP and other international firms where for 15+ years she focused on M&A and financing matters for mining companies globally. Sandra is currently Non-Executive Director (and Audit Committee Chair) of ASX/LSE listed Adriatic Metals Plc.

Alberto Lavandeira
Non-executive Director (Independent)
Alberto is a mining engineer with over 45 years of experience operating and developing mining projects. He is currently CEO and Executive Director of LSE listed copper producer Atalaya Mining, which he joined in 2014 as COO and has been instrumental in successfully developing, expanding and operating the 15Mtpa Riotinto copper operation in Spain. Formerly, he was President, CEO and COO of Rio Narcea Gold Mines which permitted, financed and built three mines including Aguablanca (Nickel Copper) and El Vallés-Boinas (Gold) in Spain and Tasiast (Gold) in Mauritania. He was also involved in the key stages of development of the Mutanda Copper mine in the Democratic Republic of Congo. Earlier in his career, Alberto worked within group companies of Anglo American, Rio Tinto and Cominco (now Teck). He is currently also Non-Executive Director of ASX listed Black Dragon Gold Corp.

Steven Michael
Non-executive Director (Independent)
Steven has over 25 years of professional and corporate experience at global finance leaders Rothschild, Macquarie Bank and RBC Capital Markets, working in financial advisory and investment banking. Steven was previously a Managing Director at FTI Consulting, Managing Director at ASX listed Vimy Resources and Executive Director at ASX listed Deep Yellow. He is currently Managing Director of ASX listed Red Hawk Mining.

 

Our management

Andrew Pardey
Managing Director
Refer to description in the Board section.

Sandra Bates
Executive Director – Legal and ESG
Refer to description in the Board section.

Pierre Louw
Chief Financial Officer
Pierre has over 35 years’ experience in Africa, including Tanzania, Egypt, Zambia and South Africa. He was previously Chief Financial Officer for LSE/TSX listed Centamin, Financial Director of the Lumwana Mining Company in Zambia (Equinox), and Finance and Business Manager of Geita Gold Mine, Tanzania.

Henk Diederichs
Chief Operating Officer
Henk is an engineer with over 20 years of experience in the mining industry with extensive expertise in project development and operations. Most recently, Henk was CEO and Managing Director of OreCorp Limited (“OreCorp”), which was advancing the Nyanzaga Gold Project in Tanzania until the recent acquisition by Perseus Mining Limited. He initially joined OreCorp as Vice President Project Development in 2016, before moving into the role of Chief Operating Officer in 2021 followed by CEO & Managing Director in late 2022. Henk was instrumental in leading the Nyanzaga Gold Project through the Scoping, Pre-Feasibility Study and Definitive Feasibility Study phases. Henk was formerly Senior Vice President Operations for West African producer Allied Gold Corp, which operates the Bonikro, Agbaou and Sadiola gold mines. He also played an integral role in the successful development and operation of Equinox Minerals’ Lumwana Copper Mine in Zambia.

Marlyatou Balde
Country Manager
Marlyatou is a geologist with more than 25 years’ experience both in Guinea and internationally, holding senior roles with AngloGold Ashanti, Barrick and BHP. Most recently, she worked as Technical Advisor to Guinea’s Minister of Mines and Geology.

Andre Pieters
ESG Manager
Andre is an environmental specialist with +20 years’ experience in infrastructure development and mining, including at TSX/NYSE listed Kinross Gold’s Tasiast mine. Most recently he worked in Guinea, leading the environmental compliance program for a major bauxite exporter.

Franck Bizouerne
Mineral Resource & Geology Manager
Franck is a senior geologist with over 25 years’ experience in greenfield and brownfield exploration in gold, lithium, uranium, rare earths and base metals across Africa. He has worked for junior, mid-tier and major mining compagnies, including Orano, Endeavour Mining and Rio Tinto. He has successfully developed resources of several mines such as Youga in Burkina Faso, and Angovia and Agbaou in Cȏte d’Ivoire.

Chris Boreham
Project Feasibility Manager
Chris is a mining engineer with +30 years’ experience in hard rock mining underground and open pit, with extensive experience in gold and copper mines, narrow view and bulk deposits and delivering successful feasibility studies across Australia, China and Africa. Previously he was General Manager of Centamin’s Sukari Gold Mine.

Brad Milne
Corporate Development Manager
Brad has more than 15 years’ corporate development and investment banking experience in the resources industry. He has expertise in investor relations, business development, corporate and asset transactions, feasibility studies, debt funding and equity raising. Previously he was Corporate Development Manager for ASX listed BCI Minerals (formerly BC Iron) and a Manager at corporate advisory firm Azure Capital.

Our history

Listing on the Australian Securities Exchange in December 2010 as a gold and mineral exploration company, PDI is proud of the journey made from explorer to developer.

 

PDI commenced assembling the Bankan Gold Project licences as well as other licences within the Siguiri Basin in mid-2019.

Exploration commenced shortly after and PDI confirmed a significant gold discovery at NEB in April 2020, with a best drill result of 46m @ 6.58g/t Au from 4m. The BC gold discovery was confirmed two weeks later with a best drill result of 44m @ 2.06g/t Au from 6m.

Since the Bankan gold discovery in 2020, PDI has built a highly competent team at Board and Management levels, bringing in core skill sets that include mine-building, operations, capital market expertise, modern exploration as well as highly qualified sustainability and ESG-related competencies.

A maiden Mineral Resource estimate of 3.65Moz Au (from 72.8m tonnes @ 1.56g/t) was announced in September 2021, which was expanded to 5.38Moz Au (from 100.5m tonnes @ 1.66g/t in August 2023), of which 4.14Moz lies in the Indicated category, representing approximately 77% of the total Mineral Resource.

In April 2024, PDI completed a Pre-Feasibility Study (PFS) and an Environmental & Social Impact Assessment (ESIA), both of which are key to the permitting process for the Project. The PFS outlined a maiden Ore Reserve estimate of 3.05Moz, average production of 269Koz per annum over a 12-year mine life, and strong financial metrics.

PDI’s strategy is to sustainably develop the Bankan Project into a Tier 1 gold mine. PDI’s current focus is to continue expanding and upgrading its resource base, further optimise the PFS outcomes and complete a Definitive Feasibility Study, conduct further exploration across its underexplored and highly prospective permits.