PRECIOUS METALS

Potential for large jump in gold at PDI's multi-million ounce NE Bankan

PREDICTIVE Discovery has pointed to lots more gold being found at NE Bankan in Guinea after drilling intersected 24m grading 5.5 grams per tonne gold 630m down-dip of the 3.65 million resource pit shell.

Predictive's team stands above millions of ounces at NE Bankan, Guinea

Predictive's team stands above millions of ounces at NE Bankan, Guinea

The intersection effectively doubled the down-dip plunge of the high-grade shoot to 1.2km and was made nearly 400m vertically below the pit shell.

An updated resource statement is due next quarter.

There are currently nine active drill rigs on site across the Bankan project.

Metallurgy is said to be straight forward.

Perhaps the only query over the project is its location in the vicinity of a National Park, though the company remains adamant that it shouldn't be an issue.

Institutions involved in a just-completed A$55 million placement were backing that assessment.

The raising priced new shares at 18c per share.

The stock was trading at 17c this week, capitalising Predictive at $269 million. 

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