June 2026 Quarter Production Update
June 2026 Quarter Production Update
QUEBEC CITY, July 08, 2026 -- Predictive Discovery Limited (ASX:PDI, TSX:PDI) (“PDI” or “Company”) is pleased to
announce a production update for the three-month period ended 30 June 2026.1
• Kiniero Gold Mine in Guinea delivered outstanding operational performance during the quarter. Average plant throughput
of 1,113tph (~9.0Mtpa) – well above the 6.0Mtpa nameplate capacity – with gold recovery improving to 90.5%,
demonstrating continued process optimisation and strong plant performance.
• Mining operations at Kiniero continued to perform strongly during the quarter, supporting sustained mill throughput
above nameplate capacity and consistent processing performance.
• Kiniero milled 2.2Mt of ore at an average grade of 0.86g/t Au to pour 54,252oz Au.
• Nampala milled 0.45Mt of ore at an average grade of 0.71g/t Au to pour 9,774oz Au.
• Combined gold poured from Kiniero and Nampala of 64,026oz Au during the June 2026 quarter.
• Cash and bullion as at 30 June 2026 of A$530M (US$365M).2
PDI will provide a comprehensive update of activities in its June 2026 quarterly report, to be released later this month.
This announcement is authorised for release by the PDI Board of Directors.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto
Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information visit our website at www.predictivediscovery.com or contact:
Investor Enquiries
Matthew Wilcox
CEO & Managing Director
P: +61 8 9216 1000
Media Enquiries
Nathan Ryan
NWR Communications
P: +61 420 582 887
ABOUT PREDICTIVE DISCOVERY
PDI is a leading West African gold production and development company, combining a portfolio of high quality assets with a
proven execution capability and strong financial platform.
PDI asset portfolio is anchored by the Kiniero Gold Mine in Guinea, which commenced production in late 2025, and the
Nampala Gold Mine in Mali, which has been operating since 2017. These production assets provide momentum and strong
cash flows as the Company advances its growth plans.
PDI’s long-life growth asset is the Tier-1 Bankan Gold Project in Guinea, one of the largest undeveloped gold projects in Africa.
Bankan is approaching construction-ready status with expected production of ~250,000oz per annum over more than 12 years.
Once Bankan is in production, PDI is targeting annual production exceeding 400,000oz by 2029 from its low-cost mining hub
in Guinea, leveraging the proximity and synergies of the Kiniero and Bankan assets.
PDI is at a pivotal stage in its evolution, growing into a mid-tier, multi-mine West African gold producer, with a clear focus on
sustainably developing its portfolio to create long-term value for shareholders and stakeholders.
COMPLIANCE STATEMENTS
Not an Offer
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. No securities
regulatory authority has approved or disapproved the contents of this announcement. The securities referred to in this
announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States, or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from,
or in a transaction not subject to, U.S. registration requirements.
Forward-Looking Statements
This announcement contains forward-looking statements and forward-looking information within the meaning of applicable
securities laws. Forward-looking statements include, but are not limited to, statements regarding gold production and
guidance, expectations regarding exploration and development activities and potential, expectations regarding permitting and
development funding for the Bankan Project. Forward-looking statements are based on assumptions and expectations as at
the date of this announcement and are subject to known and unknown risks and uncertainties that may cause actual results
to differ materially. Forward-looking statements are generally identified by words such as “will”, “expect”, “anticipate”, “may”,
“could”, “should”, “plan”, “estimate” and similar expressions.
Although PDI believes that the expectations reflected in the forward-looking statements are reasonable, undue reliance should
not be placed on forward-looking statements since no assurance can be provided that such expectations will prove to be
correct. Forward-looking statements are based on information available at the time those statements are made and/or good
faith belief of the officers and directors of PDI as of that time with respect to future events and are subject to risks and
uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking
statements. Forward-looking statements involve numerous risks and uncertainties. Factors that could cause actual results to
differ materially include, but are not limited to, commodity price fluctuations, foreign exchange movements and general
economic conditions, geopolitical, social and regulatory risks, operating and cost risks, the speculative nature of exploration
and project development including the risks of obtaining necessary approvals, licenses, permits and funding, diminishing
quantities or grades of reserves, changes to the legal and regulatory framework within which PDI operates or may in the future
operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial
relations issues and litigation and other risks described in PDI’s public disclosure documents filed on ASX and on SEDAR+.
Forward-looking statements speak only as of the date they are made. Except as required by applicable law, PDI undertakes
no obligation to update or revise any forward-looking statements contained in this announcement. All forward-looking
statements contained in this announcement are expressly qualified in its entirety by the above cautionary statement.
Production Targets
This announcement refers to PDI having expected production of 400,000oz per annum by 2029. The production targets in
respect of the Bankan Project were released to ASX on 25 June 2025 in an announcement by PDI titled “Bankan DFS
Confirms Outstanding Project Economics”. The production targets in respect of Robex’s Kiniero Project were released to ASX
on 22 August 2025 in an announcement by Robex titled “Amendment to Kiniero Gold Project Technical Report”. PDI confirms
that all the material assumptions underpinning the production targets in the previous announcements continue to apply and
have not materially changed.
1 All figures in this announcement are unaudited.
2 Based on an AUD:USD exchange rate of 0.689 as at 30 June 2026. Bullion valued at a spot price of US$4,026/oz. PDI’s
cash balance includes US$80M in restricted cash. One-off costs incurred during the quarter included merger related costs of
US$36M and a royalty buy back of US$9M.