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Predictive Discovery Limited ( (AU:PDI) ) has issued an announcement.
Predictive Discovery Limited has announced a merger with Robex Resources Inc., creating a new mid-tier gold producer in West Africa. The merger is expected to enhance the company’s market position by combining resources and expertise, with a projected production exceeding 400,000 ounces of gold annually by 2029. The merger will also support the development of the Bankan Gold Project in Guinea, which is in the final stages of obtaining an exploitation permit. The combined entity aims to drive economic growth in the region, strengthen local infrastructure, and improve its capital markets profile.
The most recent analyst rating on (AU:PDI) stock is a Buy with a A$0.74 price target. To see the full list of analyst forecasts on Predictive Discovery Limited stock, see the AU:PDI Stock Forecast page.
More about Predictive Discovery Limited
Predictive Discovery Limited operates in the mining industry, focusing on gold exploration and production. The company is primarily engaged in advancing its Bankan Gold Project in Guinea and has recently announced a merger with Robex Resources Inc., aiming to become a significant mid-tier gold producer in West Africa.
Average Trading Volume: 13,768,543
Technical Sentiment Signal: Buy
Current Market Cap: A$1.39B
Find detailed analytics on PDI stock on TipRanks’ Stock Analysis page.