Having taken the Bankan Gold Project to a 3.05Moz Ore Reserve (out of the current 5.38Moz Mineral Resource) in just four years since its discovery, PDI is focused on sustainably developing the Project into a Tier-1 gold mine, as well as exploring for other gold deposits within the highly prospective Bankan permits.
To become one of the largest gold mines in West Africa, PDI needs to not only minimise the environmental impact of the mine but provide a sustainable approach to protecting and enhancing the natural and social ecosystems within and outside of PDI’s mining area of influence. To achieve this, we require the cooperation and support from all our stakeholders whilst building on the steady progress already made hand in hand with these crucial groups. The Company has completed an extensive Environmental and Social Impact Assessment (ESIA) including baseline environmental, biodiversity and social studies ahead of the next phase of the Project’s development.
PDI has also completed a Pre-Feasibility Study (PFS) for the Bankan Gold Project, which outlined a large-scale and long-life operation with low costs and strong financials.
PDI has built a highly competent team at the Board and Management levels, bringing in core skill sets that include mine-building, operations, capital markets, modern exploration as well as highly qualified sustainability and ESG-related competencies.
The Bankan Gold Project is only at the beginning of its journey, and we remain firmly committed to building a business which will position Guinea as a key participant in Africa’s fast developing gold sector.
These are the values that guide our internal decision making and our relationships with external stakeholders. We aim to not only protect but to promote and champion the regions, environments and communities within which we work.
PDI plans to unlock the full benefits of the resources we aim to mine for all stakeholders invested in its discovery and production. By putting in place the right people and the right processes, we aim to develop a mine that delivers long-term sustainable growth for all stakeholders.
PDI commenced assembling the Bankan Gold Project licences as well as other licences within the Siguiri Basin in mid-2019.
Exploration commenced shortly after and PDI confirmed a significant gold discovery at NEB in April 2020, with a best drill result of 46m @ 6.58g/t Au from 4m. The BC gold discovery was confirmed two weeks later with a best drill result of 44m @ 2.06g/t Au from 6m.
Since the Bankan gold discovery in 2020, PDI has built a highly competent team at Board and Management levels, bringing in core skill sets that include mine-building, operations, capital market expertise, modern exploration as well as highly qualified sustainability and ESG-related competencies.
A maiden Mineral Resource estimate of 3.65Moz Au (from 72.8m tonnes @ 1.56g/t) was announced in September 2021, which was expanded to 5.38Moz Au (from 100.5m tonnes @ 1.66g/t in August 2023), of which 4.14Moz lies in the Indicated category, representing approximately 77% of the total Mineral Resource.
In April 2024, PDI completed a Pre-Feasibility Study (PFS) and an Environmental & Social Impact Assessment (ESIA), both of which are key to the permitting process for the Project. The PFS outlined a maiden Ore Reserve estimate of 3.05Moz, average production of 269Koz per annum over a 12-year mine life, and strong financial metrics.
PDI’s strategy is to sustainably develop the Bankan Project into a Tier 1 gold mine. PDI’s current focus is to secure an Exploitation Permit for the Project, continue expanding and upgrading its resource base, further optimise the PFS outcomes and complete a Definitive Feasibility Study, and conduct further exploration across its underexplored and highly prospective permits.
