News release
Quarterly Activities Report for Period Ended 30 June 2026
QUEBEC CITY, July 30, 2026 -- Predictive Discovery Limited (ASX:PDI, TSX:PDI) (“PDI” or the “Company”) is pleased
to announce its Quarterly Activities Report for the three-month period ended 30 June 2026. The June quarter was a period of
continued delivery across the Company, with a strong focus on operational performance at Kiniéro and Nampala gold mines,
advancing key development activities at Bankan and maintaining momentum across the broader portfolio.
HIGHLIGHTS1
• The Group delivered strong operational performance during the quarter, pouring a total of 64,026oz Au.
• Kiniéro had average plant throughput of ~9.0Mtpa during the quarter, 50% above nameplate capacity, while gold
recovery improved to 90.5% and 54,252oz Au was poured.
• Nampala provided a solid contribution, pouring a further 9,774oz Au.
• Gold sales increased 17% to 48,924oz Au, reflecting strong production and sales performance during the quarter, offset
by timing of gold shipments around the end of the quarter at Kiniéro.
• All-in sustaining cost (“AISC”) of US$1,408/oz across both operations, with Kiniéro delivering strong cost performance
at US$1,254/oz and Nampala at US$1,974/oz.
• Cash margin from operations of US$112M, reflecting strong cash generation at both the Kiniéro and Nampala gold
mines.
• PDI remains on track to achieve 2026 production guidance of 198,000-220,000oz Au.
• 2026 AISC guidance set at US$1,300-1,500/oz, comprising US$1,100-1,300/oz at Kiniéro and US$2,000-2,200 /oz at
Nampala.
• Bankan execution readiness advanced with process plant FEED completed, detailed design commencing in July 2026
and key contracts awarded for the power station, grinding circuit and TSF.
• US$13.8M in capital gains taxes and duties agreed with the Government of Guinea in connection with the merger of PDI
and Robex Resources Inc (“Robex”).
• As at 30 June 2026, PDI held US$364.3M of cash and bullion.2
SUMMARY OPERATIONAL AND FINANCIAL METRICS
Operational Mines
Units Jun-26 Quarter Mar-26 Quarter Var % YTD FY26
Gold Poured oz 64,026 48,178 33% 112,204
Gold Sales oz 48,924 41,799 17% 90,723
Realised Price US$/oz 4,441 4,806 (8%) 4,609
Revenue US$M 217.3 200.8 8% 418.1
Royalties US$M 17.8 16.8 6% 34.6
AISC US$/oz 1,408 1,192 18% 1,308
Cash and Bullion US$M 364.3 277.2 31% 364.3
• Gold poured increased to 64,026oz, up 33% from 48,178oz in the March 2026 quarter, driven by Kiniéro production.
This reflects the operation's continued strong performance as it transitioned to steady-state production levels combined
with continued steady output from Nampala.
• Gold sales totalled 48,924oz, an increase of 17% compared to 41,799oz in the March 2026 quarter, driven by higher
production volumes in Kiniéro, partially offset by the timing of bullion shipments around the end of the quarter (see
Guinea refining update below). Subsequent to quarter-end, the Company has shipped approximately 33,838oz,
generating provisional receipts of approximately US$135.7M.
• Realised price of US$4,441/oz, down 8% from US$4,806/oz in the March 2026 quarter, driven by lower prevailing gold
spot prices.
• Revenue from operations increased to US$217.3M, up 8% from US$200.8M in the March 2026 quarter, driven by
higher gold production and sales volumes.
• AISC increased to US$1,408/oz across both operations, up 18% from US$1,192/oz in the March 2026 quarter,
primarily reflecting higher sustaining capital expenditure and elevated stripping activities at Nampala, together with the
normalisation of mining costs at Kiniéro following the processing of pre-mining ROM stockpiles during the March 2026
quarter.
• Cash and bullion: Cash and bullion holdings increased to US$364.3M, comprising US$273.9M in cash and 22,444oz
Au bullion on hand, reflecting strong cash generation and increased bullion holdings during the quarter.3
OPERATIONS AND PROJECTS
Kiniéro Gold Mine, Guinea
Units Jun-26 Quarter Mar-26 Quarter Var % YTD FY26
Financial Summary
Gold Poured oz 54,252 38,178 42% 92,430
Gold Sales oz 38,470 32,306 19% 70,777
Realised Price US$/oz 4,432 4,808 (8%) 4,602
Revenue US$M 170.5 155.2 10% 325.7
Royalties US$M 10.7 9.8 9% 20.4
AISC US$/oz 1,254 1,043 13% 1,158
Production Summary
Ore Mined dmt 2,164,144 2,137,273 1% 4,301,417
Total Material Mined dmt 4,415,485 5,105,131 (14%) 9,520,616
Stripping Ratio t:t 1.0 1.4 (25%) 1.2
Processed Ore dmt 2,218,503 1,607,851 38% 3,826,354
Head Grade g/t 0.86 0.87 (2%) 0.86
Recovery % 90.5 90.1 0% 90.4
• Total material mined decreased to 4,415,485 tonnes, down 14% from 5,105,131 tonnes in March quarter. This
included 2,164,144 tonnes of ore mined, up 1% quarter-on-quarter, with the balance comprising waste material. The
reduction reflects lower waste movement and a decrease in stripping ratio from 1.4 to 1.0, while ore mining remained
stable during the quarter.
• Ore processed: A total of 2,218,503 tonnes of ore were processed during the quarter, up 38% from 1,607,851 tonnes
in the March 2026 quarter. The processing plant continued to operate well, with ongoing optimisation activities
supporting improved plant performance and enabling throughput rates well above nameplate.
• Average head grade was 0.86g/t, down 2% from 0.87g/t in the March 2026 quarter. The lower head grade reflects the
processing of a broader ore blend sourced from different areas of the orebody in line with the planned mining sequence.
• Gold recovery increased to 90.5%, compared with 90.1% in the March 2026 quarter. The improvement reflects strong
metallurgical performance, supported by stable plant operations and optimisation of processing circuits, which
contributed to higher overall recovery during the quarter.
• AISC: increased to US$1,254/oz from US$1,043/oz in the March 2026 quarter. The March quarter benefited from ore
stockpiled on the ROM pad prior to the commencement of mining, resulting in a lower allocation of mining costs to
ounces produced. As mining activities normalised during the June quarter, a full quarter of mining costs was reflected in
production. Kiniéro continued to deliver strong cost performance while operating at approximately 9.0Mtpa, well above
nameplate capacity.
Nampala Gold Mine, Mali
Units Jun-26 Quarter Mar-26 Quarter Var % YTD FY26
Financial Summary
Gold Poured oz 9,774 10,000 (2%) 19,774
Gold Sales oz 10,454 9,493 10% 19,947
Realised Price US$/oz 4,447 4,800 (7%) 4,631
Revenue US$M 46.8 45.6 3% 92.4
Royalties US$M 7.2 7.1 2% 14.3
AISC US$/oz 1,974 1,699 16% 1,843
Production Summary
Ore Mined dmt 454,188 658,907 (31%) 1,113,095
Total Material Mined dmt 2,429,436 2,808,365 (13%) 5,237,801
Stripping Ratio t:t 4.4 3.3 33% 3.71
Processed Ore dmt 494,163 504,354 (2%) 998,517
Head Grade g/t 0.71 0.71 0% 0.71
Recovery % 86.5 86.4 0% 86.4
• Total material mined: decreased to 2,429,436 tonnes, down 13% from 2,808,365 tonnes in the March 2026 quarter.
Ore mined totalled 454,188 tonnes, down 31% quarter-on-quarter, while the stripping ratio increased to 4.4. Mining
activities during the quarter continued to focus on waste movement to support access to ore zones.
• Total ore processed: 494,163 tonnes, representing a 2% decrease from 504,354 tonnes in the March 2026 quarter.
Despite the lower throughput, the Nampala mine continued to deliver strong operational performance, with the
processing plant operating reliably and maintaining stable operating conditions throughout the quarter.
• Average head grade was 0.71g/t, consistent with the March 2026 quarter. The stable head grade reflects the
processing of ore from the planned mine sequence, with a consistent ore feed profile maintained throughout the quarter.
• Gold recovery: for the June 2026 quarter improved to 86.5%, from 86.4% in the March 2026 quarter. The result reflects
stable plant operations and consistent metallurgical performance during the period.
• AISC increased to US$1,974/oz from US$1,699/oz in the March 2026 quarter, primarily due to higher sustaining capital
expenditure and increased stripping activity, with the stripping ratio rising to 4.4 as waste movement was prioritised to
support future mining areas.
Bankan Gold Project, Guinea
Bankan is one of West Africa's largest undeveloped gold projects and is expected to provide the foundation for the Company's
next phase of production growth alongside Kiniéro.
Development and optimisation activities advanced significantly during the quarter, with engineering, procurement and
contracting workstreams progressing in preparation for commencement of project execution following the grant of the
Exploitation Permit and a subsequent Final Investment Decision.
Front-end engineering design (“FEED”) for the process plant was completed during the quarter, with the process design criteria
and process flowsheets finalised and the process plant layout substantially completed. The scope for detailed design has
been finalised and detailed design activities commenced in July 2026. Electrical and instrumentation engineering for the
process plant and power station was also awarded to ECG Engineering.
Procurement activities progressed significantly, with 23 long-lead mechanical equipment packages issued for tender and eight
packages progressing through technical and commercial evaluation, with purchase orders issued to enable vendor data to
support detailed design. Major equipment procurement advanced with the award of the 40MW power station contract to
Hyundai Heavy Industries and the SAG and ball mill supply contract to NCP International. The tailings storage facility (“TSF”)
design contract was also awarded to Knight Piésold, with design activities commencing during the quarter.
Engineering and layout development continued across the process plant, with bulk earthworks design progressing following
completion of the LIDAR survey. Structural, mechanical and piping design activities advanced, while tenders for structural
steel, platework fabrication and concrete works were prepared for issue. The development team also continued to progress
procurement and contracting activities for key project packages, with further equipment orders to be placed following receipt of
the required permit.
Environmental and social workstreams continued to progress in support of future project development, in parallel with the
advancing of technical and execution readiness.
PDI is developing a detailed implementation schedule and revised overall capital cost estimate, which are planned to be
completed in the second half of 2026 following completion of the process plant FEED, mine plan evaluation and the first phase
of the TSF design. Based on current information, the Company does not anticipate any increase to the US$463M capital cost
reported in the Definitive Feasibility Study and is pursuing initiatives to reduce the upfront capital cost.
GUINEA UPDATE
Guinea Gold Refining Update
On 21 June 2026, President Mamadi Doumbouya convened a meeting with industrial, semi-industrial and artisanal gold
producers operating in Guinea, at which he indicated the Government's intention to require all gold produced in Guinea to be
refined domestically prior to export.
On 8 July 2026, the Government of Guinea issued a decree mandating the local refining of gold produced in the country. The
decree introduced a 90-day transitional period expiring on 6 October 2026, after which the export of gold that has not been
refined in Guinea to a minimum purity of 95.5% will be prohibited. Following the expiry of the transitional period, only gold
refined to the required purity by an authorised Guinean refinery and certified for export will be permitted to leave the country.
The Government has indicated that the Nimba Gold Refinery, located in Conakry, is expected to play a central role in
supporting implementation of the new domestic refining framework.
Under the decree, industrial mining companies remain responsible for arranging and executing the export and sale of their own
gold, subject to compliance with the applicable refining, certification and export requirements.
Following the meeting on 21 June 2026, gold exports were temporarily paused while the Government finalised the regulatory
framework and implementation requirements for in-country refining. Since 8 July 2026, PDI has shipped approximately 33.8koz
of gold under existing export agreements, generating provisional receipts of approximately US$135.7M. The Company
continues to produce, export and sell gold in the ordinary course of business and has not experienced any material
interruption to mining or processing operations.
The Company is working constructively with the relevant Guinean authorities, the Chamber of Mines and other Guinean gold
producers to support a practical and orderly transition to the new regime. In parallel, PDI is also investigating potential
development of its own refining operations on-site to achieve the prescribed purity threshold prior to export.
PDI does not expect the decree to have a material impact on the Company or its 2026 production guidance.
Capital Gains Tax
After the quarter end during July, the Company agreed to pay US$13.8M in capital gains taxes and duties assessed by the
Government of Guinea related to the merger between PDI and Robex.
As part of the settlement, PDI received confirmation from the relevant authorities that no further capital gains tax, registration
duties or other fiscal claims will arise in Guinea in connection with the merger or related post-merger reorganisation activities.
The settlement provides fiscal certainty in relation to the transaction and resolves all known tax and duty matters arising from
the merger in Guinea.
HEALTH AND SAFETY
PDI recorded zero recordable injuries during the June 2026 quarter, with its rolling 12-month Total Recordable Injury Frequency
Rate (“TRIFR”) improving to 1.8 as at 30 June 2026, compared with 2.3 as at 31 March 2026.
During the quarter, Kiniéro operations surpassed 7.4 million hours without a Lost Time Injury (“LTI”), while Nampala surpassed
2.1 million hours since its last LTI was recorded in November 2025.
PDI continues to focus on critical risk management, safe access and egress, and strengthening controls around maintenance
and manual handling activities to support ongoing improvements in safety performance.
2026 GUIDANCE
PDI announced 2026 production guidance of 198,000-220,000oz in the March 2026 quarterly activities report, and remains on
track to achieve guidance.
Following Kiniéro ramp up, PDI has now established 2026 AISC guidance for the Company and its gold operations, providing
increased transparency on PDI’s anticipated cost structure alongside its gold production profile as it transitions to a multi-
asset producer.
The guidance reflects the expected operating profile of both operations and incorporates management’s current assumptions
regarding operating performance and cost inputs.
Management remains focused on disciplined cost management, operational optimisation and delivering sustainable
improvement across both operations. The Company will continue to monitor operating performance, cost inputs and market
conditions throughout the remainder of 2026 and will provide updates to the market where appropriate.
Guidance 4 Units Group Kiniéro Nampala
Gold Poured oz 198,000 – 220,000 157,000 – 174,000 41,000 – 46,000
AISC US$/oz 1,300 – 1,500 1,100 – 1,300 2,000 – 2,200
EXPLORATION AND GEOLOGY
Exploration activities focused on resource growth, geological modelling and near-mine target generation across the Company’s
operating assets in West Africa. Exploration programs were primarily directed at opportunities to expand existing Mineral
Resources and identify additional ore sources capable of supporting long-term production growth at both the Kiniéro and
Nampala operations.
Kiniéro
Located within the prolific Siguiri Basin, the Kiniéro licence area hosts multiple structurally-controlled gold deposits within
Birimian greenstone sequences. The exploration strategy at Kiniéro is to prioritise near-mine targets and extensions to known
mineralised zones that may support future mine life extensions and operational flexibility, and identify opportunities to expand
Mineral Resources within the broader permit area. Work included geological interpretation, data validation and targeted drilling
to refine the structural controls on mineralisation and support ongoing mine planning.
The quarter was characterised by an increase in diamond (“DD”) and reverse circulation (“RC”) drilling activities principally
around near-mine prospects.
For the quarter a total of 11,553 meters was drilled (comprising 9,388 meters of DD and 2,165 meters of RC drilling). Year-to-
date, a total of 17,890 meters (16,210 meters of DD and 1,680 meters of RC drilling) has been achieved. Additional DD and RC
drilling capacity is expected to materially increase monthly drilling output from mid-July onwards (particularly for RC drilling).
The 2026 exploration strategy aims to continue developing near-mine oxide resources, improve orebody knowledge, define a
JORC-compliant maiden inferred hard rock resource and exploration targets at Kiniéro.
Nampala
The Nampala deposits are hosted within the Birimian greenstone belt of southern Mali and comprise structurally-controlled
gold mineralisation associated with altered volcanic and sedimentary sequences. Exploration work during the period included
geological interpretation and drilling aimed at supporting potential Mineral Resource growth, extending the life of the current
open pit operation, and testing additional targets within the permit area.
The exploration activities carried out at Nampala for the quarter remained focused on testing the continuity of fresh rock
mineralisation under the existing pits. Current programmes continue improving geological understanding and supporting future
reserve growth. For the quarter a total of 4,277 meters was drilled (comprising 1,008 meters of DD and 3,269 meters of RC
drilling). Year-to-date, a total of 9,455m (2,096 meters of DD and 7,359 meters of RC drilling) has been achieved. As with
Kiniéro, the 2026 exploration strategy aims to continue developing near-mine oxide resources, improve orebody knowledge,
define a JORC-compliant maiden inferred hard rock resource and develop exploration targets.
Bankan
Bankan, also located within Guinea’s Siguiri Basin, hosts the large-scale NEB open pit and underground deposits, and the BC
and Gbengbeden satellite deposits. Mineralisation is structurally controlled and associated with shear zone-hosted lodes,
occurring within quartz veins and quartz-veined fracture zones. The NEB deposit is open at depth and there is potential to
discover additional deposits on PDI’s permits. Planning for further exploration is progressing and will be initiated once an
Exploitation Permit is issued.
Exploration activities for the quarter comprised ongoing strategic planning, scheduling and budgeting of 2026 work
programmes aimed at improving orebody knowledge, resource development and exploration upside opportunities, no drilling
activities occurred for the quarter.
CORPORATE
Financial Position
As at 30 June 2026, PDI held US$364.3M of cash and bullion, comprising US$273.9M of cash on hand and 22,444oz of gold
bullion.
Debt outstanding was US$130M, reflecting the fully drawn Sprott senior secured facility used to fund the development of the
Kiniéro Gold Mine. The Company continued to generate strong operating cash flows during the quarter, partially offset by one-
off costs associated with the merger with Robex and the completion of the Kiniéro royalty buyback programme, which is
expected to be accretive to future cash flows.
Cash margin from operations totalled US$112M, calculated as receipts from customers of US$217M less operating costs of
US$105M. The result reflects strong cash generation from both the Kiniéro and Nampala operations, supported by the
continued ramp-up and strong operational performance at Kiniéro.
Other operating costs totalled US$53M including US$36M of merger-related costs, US$9M associated with the private royalty
buyback over Kiniero (0.5% net smelter royalty) completed during the quarter and US$6M of tax payments at Nampala. The
private royalty buybacks are expected to provide a long-term benefit to the Company by eliminating future NSR royalty
payments over the life of the relevant operations and supporting future cash flow generation.
Total capital expenditure during the quarter was approximately US$30M, comprising US$26M invested in mine development,
infrastructure and project activities across Bankan, Kiniéro and Nampala, with a further US$4M invested in exploration and
evaluation activities.
Financing activities of US$18M included interest payments and gold price participation payments under the Company's Sprott
senior secured facility. Other financing activities (interest on restricted cash) contributed US$2.0M, while foreign exchange
movements reduced cash balances by approximately US$2.0M during the quarter.
The Company continues to maintain a disciplined approach to capital allocation while prioritising operational performance,
strong cash generation and advancement of the Bankan Gold Project. The strength of the balance sheet and cash flow
generation from Kiniéro and Nampala provide a solid platform to support the Company's future growth initiatives.
Figure 1: Quarterly Cash Flow Waterfall (US$M)5
Other Corporate Activities
• Robex-PDI Merger Completion (15 April 2026): Completed the merger with Robex by way of a statutory plan of
arrangement, creating a leading West African gold producer and developer with a portfolio comprising the Kiniéro and
Nampala operating mines and the Tier-1 Bankan development project. The transaction established a dual ASX and TSX-
listed company with enhanced scale, cash flow generation and growth opportunities.
• Change of Financial Year (4 May 2026): The Company's financial year-end changed from 30 June to 31 December to
better align financial reporting and audit requirements with its West African operations and reporting obligations.
• Change of Auditor (24 June 2026): Appointed Grant Thornton Audit Pty Ltd (Robex auditor) as external auditor
following the resignation of PKF Perth, supporting the governance and reporting requirements of the enlarged dual-listed
group.
• Strategic Investment in Awalé Resources (15 July 2026): Announced a US$10 million strategic investment in Awalé
Resources Limited, securing an approximately 11.8% interest and providing exposure to the highly prospective Odienné
gold-copper district in Côte d'Ivoire.
• Proposed Name Change (21 July 2026): Announced a proposal to change the Company's name to “PDI Gold
Limited”, subject to shareholder approval, reflecting its transition to a multi-asset West African gold producer and
developer.
• Proposed Capital Consolidation (21 July 2026): Announced a proposed 5-for-1 consolidation of the Company's
issued capital, subject to shareholder approval, to establish a more appropriate capital structure and share price profile
for the enlarged group.
Expenditure on Mining Exploration Activities
In accordance with ASX Listing Rule 5.3.1, PDI's exploration and evaluation expenditure during the quarter was A$5.97M
(US$4.04M), as set out in item 2.1(d) of the Appendix 5B. Expenditure primarily related to drilling contractors, materials and
exploration personnel.
Operational and development activities for the Kiniéro and Nampala operations, and advancement of the Bankan Gold Project,
are discussed elsewhere in this Quarterly Activities Report.
Payments to Related Parties and their Associates
In accordance with ASX Listing Rule 5.3.5, payments to related parties of the Company and their associates during the quarter
was approximately A$1.49M including GST. The Company advises that this relates to Directors’ fees and termination
payments of directors.
Capital Structure
As at the date of this Quarterly Activities Report, PDI has 4,940,077,185 fully paid ordinary shares on issue.
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’s asset portfolio is anchored by the Kiniéro 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 Kiniéro 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 Kiniéro Project were released to ASX
on 22 August 2025 in an announcement by Robex titled “Amendment to Kiniéro 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.
TENEMENT SCHEDULE AS AT 30 JUNE 2026
Kiniéro Exploitation Permit Details (Guinea)
Permit No Type Mineral Area (Km2) Deposit Current Holding
Company
311 Exploitation Permit Gold 95.51 SMG
310 Exploitation Permit Gold 37.85 SMG
271 Exploitation Permit Gold 99.35 SMG
312 Exploitation Permit Gold 93.63
Sabali North and
Central, Sabali
South, SGA, Jean
and Banfare
SMG
Mansounia Exploration Permit Details (Guinea)
Permit No Type Mineral Area (Km2) Deposit Current Holding
Company
1048 Exploration Permit Gold 53.78 Mansounia Penta Goldfields
1049 Exploration Permit Gold 90.37 Mansounia Penta Goldfields
Bankan Exploration Permit Details (Guinea)
Permit No Type Mineral Area (Km2) Deposit Current Holding
Company
5784 (Kaninko) Exploration Permit Gold 98.22 NEB, BC Hamana Gold
1835 (Saman) Exploration Permit Gold 99.78 NEB Hamana Gold
Nampala Exploitation Permit Details (South Mali)
Permit No Permit Name Start Date Expiry Date Area Status
PE 2011/17 Nampala
Exploitation Permit 21 March 2012 21 March 2042 16km2 Active
Nampala Exploration Permit Details (South Mali)
Permit No Permit Name Start Date Area Status
PR: 17/868 Kamasso 19 September 2017 100km2 Under renewal process
PR: 16/802 Bis 1 Diangounte 28 November 2017 52km2 Under renewal process
PR: 19/1038 Sanoula 28 August 2019 31.5km2 Under renewal process
PR: 19/1039 Mininko 17 September 2019 46.20km2 Under renewal process
PR: 20/1088 Gladie 31 March 2021 52km2 Under renewal process
PDI Other Permit Details
Name Number Location Area (Km2) PDI equity
Bocanda North Mining exploration
permit application Cote D'Ivoire 368 20% (Santa Fe