Predictive Discovery Ltd (ASX:PDI) is building an impressive portfolio of assets in the gold elephant territory of West Africa where there are many multi-million-ounce deposits.
This region has attracted the attention of many leading gold miners in recent years and continues to deliver promising new deposits, such as those held by Predictive.
Growing portfolio
The company has a growing portfolio across the world-class Birimian greenstone belts of Cote D’Ivoire, Guinea and Burkina Faso.
This story will be portrayed by the company to investors at next week’s Proactive CEO Sessions in Sydney and Melbourne.
READ: Predictive Discovery increases landholding in Guinea’s Siguiri Basin
In Guinea the company has recently been granted a Reconnaissance Authorisation covering 100 kilometres over the Kaninko Gold Project northwest of Predictive’s Kankan project in the Siguiri Basin.
This authorisation contains at least one substantial artisanal mine site consisting of extensive pitting into weathered bedrock over several hectares with shallow surficial workings in lateritic cover material.
Other artisanal sites are reported on the property but have yet to be examined.
READ: Predictive Discovery's sampling extends Kankan Project gold zone to over 7 kilometres
With five projects covering 500 square kilometres of highly prospective landholdings, the company is undertaking multiple early-stage exploration programs across its Guinea projects with encouraging results from the Kankan and Nonta projects.
Predictive has entered into joint ventures with development-oriented partners on projects in Cote d’Ivoire and Burkina Faso.
The company holds substantial minority interests (30-49%) in these projects with most exploration activity funded by partners.
READ: Predictive Discovery follows Ouarigue South gold discovery with large-scale soil sampling
This approach has yielded gold discoveries such as the recently announced Ouarigue South discovery at Ferkessedougou North project.
Other companies presenting in Sydney are Cardinal Resources Ltd (ASX:CDV), Legend Mining Ltd (ASX:LEG) and Vango Mining Ltd (ASX:VAN).
The Melbourne CEO Session on Tuesday, July 16, will also feature Cardinal Resources and Legend Mining along with Danakali Ltd (ASX:DNK).
Register for the CEO Sessions today