Predictive Discovery (ASX:PDI) maiden mineral resource estimate in the Argo area, within its Bankan project in Guinea, validates and enhances the prospectivity of the western margin of the Siguiri Basin in the region, according to a Wednesday note by Euroz Hartleys.
On Tuesday, the company reported a maiden mineral resource estimate of 3.1 million tonnes at 1.5 grams per tonne grade of gold for 153,000 gold ounces in the Argo area.
The estimates increase the project's overall mineral resource to 103.6 million tonnes at 1.7 g/t for roughly 5.5 million ounces of gold.
Euroz Hartleys noted that while the Argo addition is a modest increase, it plays an important role in reinforcing the broader exploration potential across the Bankan project.
The brokerage highlighted the emerging Sounsoun SW prospect at the project as another key area to watch for future resource growth.
The firm reiterated its view of Bankan as a Tier-1 gold development, citing strong exploration upside.
Euroz maintained the company's speculative buy rating on Predictive Discovery and kept its price target of AU$0.55.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。