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Predictive Discovery Limited ( (AU:PDI) ) just unveiled an update.
Predictive Discovery Limited has secured a strategic investment of approximately A$69.2 million through a private placement involving the Lundin Family and Zijin Mining Group Co., Ltd. This capital injection will significantly boost the company’s financial position, enabling it to accelerate the development of the Bankan Gold Project, including completing feasibility studies and initiating early development activities. The investment highlights confidence in the project’s potential to become a tier-1 gold mine, enhancing Predictive Discovery’s industry positioning and providing a robust platform for its future growth.
More about Predictive Discovery Limited
Predictive Discovery Limited operates in the mining industry, focusing on the exploration and development of gold resources. The company is primarily engaged in advancing the Bankan Gold Project, with a notable emphasis on completing feasibility studies, environmental programs, and regional exploration to enhance its mineral resource estimates.
YTD Price Performance: 15.22%
Average Trading Volume: 1,547,779
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$623M
For detailed information about PDI stock, go to TipRanks’ Stock Analysis page.
