Largest gold discovery in West Africa in a decade. 5.38Moz Mineral Resource inclusive of a 3.05Moz Ore Reserve defined at NEB and BC.
Significant potential to grow the current Mineral Resource at NEB, BC and near-resource targets, and prospective for additional large-scale discoveries along the 35km gold super structure within Bankan’s permits.
Rapidly advancing towards development, with a PFS and ESIA completed in April 2024 to facilitate securing an Exploitation Permit in late 2024.
Largest current African gold development project, with the PFS defining average production of 269Koz per annum over a current 12-year mine life.
The lowest capital cost intensity of current African gold development projects and low all-in sustaining costs (AISC) of US$1,130/oz.
Strong financial metrics with a post-tax NPV5% of US$1.4bn, IRR of 42% and payback period of 2.0 years at a US$2,300/oz gold price.
Highly experienced Board and Management team have developed and operated numerous gold mines in Africa, including in Guinea.
Guinea is an established mining address, with significant production of bauxite and gold. PDI has the full backing of Guinean government.
Well-funded and a supportive shareholder base, following completion of a A$50m oversubscribed equity raising in mid-2024.
Positioned to become one of Guinea’s largest gold producers within 5 years.