Fundamentals, page-55

PREDICTIVE DISCOVERY (ASXDI) – Bankan gold project

PDI has discovered 5.4Moz at 1.66g/t at the Bankan project in Guinea, which sits in the Outer Buffer Zone of the Upper Niger national park.

Mining would need the special approval of the Guinean Government, currently the junta which ousted former president Alpha Conde in a coup in 2021 given the sensitivity of the area, a hotspot for chimpanzee conservation.

Argonaut analyst Ben Crooks said it is optimistic PDI “is well prepared to navigate this hurdle” after a site visit.

A PFS is scheduled to come out in the first quarter of next year, with an exploitation permit target in mid-2024.