Stock Pick of the Week: Predictive Discovery (ASX:PDI)

PERTH (miningweekly.com) – Gold explorer Predictive Discovery will raise A$40-million in a share placement to institutional and sophisticated investors to advance its Bankan gold project, in Guinea.

Predictive Discovery Ltd. has provided an update on near-resource and regional exploration at the Bankan Gold Project in Guinea.

Predictive Discovery Ltd (ASX:PDI) has taken a key step toward securing a mining permit for the Bankan Gold Project in Guinea with an updated mineral resource estimate (MRE) for the North East Bankan (NEB) deposit increasing open pit indicated resources by 50% to 1.747 million ounces.

Wilson analysts pick a couple of resources stocks as buys, including one that’s just found ‘one of the most significant discoveries in recent times’.

Predictive Discovery (PDI) has uncovered high-grade gold from its latest drilling work at its Bankan gold project in Guinea, West Africa.

PREDICTIVE Discovery has reported attractive infill and extensional drill results at the dominant 3.9 million ounce NE Bankan deposit in Guinea as 10 rigs bore away.

Predictive Discovery Ltd has announced new results from resource drilling at its 4.2 million oz (inferred) Bankan Gold Project, located in Guinea.

Australian exploration and mining company Predictive Discovery anticipates that the gold resource at its Bankan project in Guinea will increase as further tests are carried out, managing director Andrew Pardey tells The Africa Report.

The Bankan project, which is planned to start production in 2025, holds potential to become the largest gold mine in the country.

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Australian exploration and mining company Predictive Discovery anticipates that the gold resource at its Bankan project in Guinea will increase as further tests are carried out, managing director Andrew Pardey tells The Africa Report.