- Predictive Discovery (PDI) has advanced discussions with the Government of Guinea for the Bankan Gold Project, situated in northeast Guinea in West Africa
- Over the past two months, the two parties met and discussed the development and PDI presented a proposal to the Ministry of Environment and Sustainable Development
- This proposal, now approved by the ministry, is for its conservation activities in the Upper Niger National Park (UNNP) during the exploration, development, and mining phases of the Bankan Project
- The company hopes to resolve the issue of the partial overlap of the Bankan project on the outer buffer zones of the UNNP prior to application for a mining permit over the “coming years”
- Just before the market opens, PDI last traded at 25 cents per share
Predictive Discovery (PDI) has advanced discussions with the Government of Guinea for the Bankan Gold Project, situated in northeast Guinea in West Africa.
In the past two months, PDI met with the new Minister of Mines and Geology, Monsieur Moussa Magassouba, and the new Minister of Environment and Sustainable Development, Madame Louopou Lamah.
Over this time, the company developed and presented a proposal to the Ministry of Environment and Sustainable Development (MESD) to provide a staged program of assistance to the National Parks Authority (OGPR).
This proposal is for its conservation activities in the Upper Niger National Park (UNNP)n during the exploration, development, and mining phases of the Bankan Project.
Notably, this proposal has been approved by the MESD.
Since the initial meetings, the company has received documents signed by Madame Louopou Lamah, including consent for the development proposals and an environmental authorisation validating the Environmental and Social Impact Notice report.
“The company expects to maintain very close contact with the Ministries of Mines and Geology and Environment and Sustainable Development over the coming years as the project advances with a view to legally resolving the issue of the partial overlap of the Bankan project on the outer buffer zones of the UNNP prior to application for a mining permit.”
Just before the market opens, PDI last traded at 25 cents per share.