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Predictive Discovery Ltd (ASX:PDI)

ALERT: Price-sensitive ASX Announcement for PDI
Current share price for PDI : $0.765 -0.19 (-19.90%)+
Announcement
Release
28 Apr 2026 8:23AM
Price at Release
$0.955
Full Release
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Summary
Predictive Discovery Ltd (PDI) reported a net cash outflow of A$3.5 million in operating activities for the quarter ending March 31, 2026, with exploration and evaluation expenditures totaling A$3.6 million. The company completed its merger with Robex on April 15, 2026, aiming to establish a leading West African gold producer. PDI's cash balance at the quarter's end was A$32.5 million. The Kiniero Gold Mine in Guinea remains a pivotal asset, and the Bankan Gold Project is approaching construction readiness, expected to significantly boost production capacity. The merger is set to enhance operational capabilities towards a target of over 400,000 ounces of gold production annually by 2029.
Key Points
  • PDI's cash used in operating activities was A$3.5M in the March 2026 quarter.
  • Expenditure on exploration and evaluation was A$3.6M during the quarter.
  • PDI and Robex completed their merger on 15 April 2026.
  • No substantive mining production activities were conducted by PDI during the quarter.
  • The company's cash balance at the end of the period was A$32.5M.
  • PDI's Kiniero Gold Mine is a significant asset in Guinea.
  • The merger aims to create a leading West African gold company targeting over 400,000oz production per annum by 2029.
  • PDI's exploration activities included A$1.8M in wages and exploration costs.
  • The Bankan Gold Project is PDI's long-life growth asset, nearing construction-ready status.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.