Predictive Discovery Limited (AU:PDI) has released an update.
Predictive Discovery Limited has successfully secured A$50 million through a placement, with strong support from existing and new high-quality institutional investors, to fund the expansion and advancement of their Bankan Gold Project in West Africa. The project aims to grow and upgrade its current 5.38Moz Mineral Resource, complete a Definitive Feasibility Study, and continue exploration drilling, with more than half of the proceeds dedicated to these drilling programs. This financial boost positions the company to further de-risk and enhance the project, which has the potential to develop into a large-scale, cost-effective gold mine.
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