Predictive Discovery (ASX:PDI) announced today that the company has received firm commitments for the placement to raise A$55 million (before costs) from institutional, sophisticated and professional investors for its 3.65Moz Bankan gold project in Guinea, West Africa.
Australian exploration firm Predictive Discovery has agreed $55 million in funding from institutional investors through a share placement to develop its Bankan gold project in Guinea, it said on Monday.
Predictive Discovery is entering a new chapter as the company looks to expand its Bankan once in a decade gold discovery in Guinea and build West Africa’s next tier one gold mine.