Predictive Discovery Limited (AU:PDI) has released an update.
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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