Predictive Discovery Releases Bankan MRE

THE DRILL SERGEANT: Predictive Discovery (ASX: PDI) released a JORC 2012-compliant Mineral Resource Estimate (MRE) for the company’s Bankan gold project, located in Guinea’s Siguiri Basin.

The total Inferred Mineral Resource has been estimated at 72.8 million tonnes at 1.56 grams per tonne gold for 3.65 million ounces of gold.

Predictive Discovery has reported the maiden MRE just 17 months since the Bankan project discovery drillholes were reported to the market, which the company said highlights the rapid growth of the Bankan project.

“We are delighted by the scale of this initial Mineral Resource Estimate which reflects excellent continuity of mineralisation and has been generated from 32,700 drilling metres,” Predictive Discovery managing director Paul Roberts said in the company’s ASX announcement.

“After only 17 months from announcement of the initial NE Bankan drill results, this is just the beginning of the Bankan gold discovery story.

“Our gold discovery success in such a small time period invites comparisons with the best gold deposit discovered in West Africa in the last decade – Fekola in Mali.

“Also announced 17 months after first discovery, the Fekola MRE contained 3.9 million ounces averaging 1.7g/t gold at a 0.5g/t gold cut-off grade and 3.1 million ounces averaging 2.4g/t gold at a 1g/t gold cut-off grade.

Today, Fekola’s 2021 production is projected to be 530,000 to 560,000 ounces at an AISC of US$745-785 per ounce, with current quoted resources (excluding mine depletion since 2017) at Fekola itself and nearby deposits totalling 7.6 million ounces.

“We are very well-funded to accelerate a drilling program to grow resources in both NE Bankan and Bankan Creek, increase drill density to increase confidence, and to quickly advance earlier stage regional prospects through to discovery and resource definition.”