Predictive Discovery Limited (AU:PDI) has released an update.
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Predictive Discovery Limited announced significant progress at its Bankan Gold Project in Guinea, with over 40,000 meters of drilling completed and key milestones such as the Pre-Feasibility Study and Environmental & Social Impact Assessment achieved. The project confirms its position as Africa’s largest current gold development project, with a maiden Probable Ore Reserve estimate of 3.05Moz of gold and promising financial metrics, including a post-tax NPV5% of US$668m and an IRR of 25.4%. Additionally, the company identified multiple opportunities to enhance outcomes in the upcoming Definitive Feasibility Study.
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