Managing Director, Paul RobertsSource: The Market Herald
- Predictive Discovery (PDI) has strengthened its land position within Guinea's Siguiri Basin with the acquisition of the Argo permit
- Furthermore Predictive's subsidiary, Kindia Resources has been granted the Bokoro exploration permit
- Argo was granted in October 2018 and is currently being held by Argo Mining
- However, Predictive is able to acquire 90 per cent of the Argo permit through a cash payment of US$100,000 (around A$137,493)
- When a decision to mine has been reached, the company will acquire the remaining 10 per cent in exchange for a two per cent net smelter royalty on production
- Predictive is steady on the market and shares are trading for 7.4 cents each