PriceSensitive

Predictive Discovery (ASX:PDI) appoints Andrew Pardey as Managing Director

ASX News, Mining
ASX:PDI      MCAP $456.1M
04 January 2022 10:17 (AEST)

The Bankan Village Women's Group. Source: Predictive Discovery

Predictive Discovery (PDI) has appointed Andrew Pardey as Managing Director.

Mr Pardey is a geologist with more than 30 years of experience covering exploration, project development, construction and operation.

Previously, he was the CEO of Centamin who owns the Sukari Gold Mine in Egypt. Mr Pardey was a major driving force in bringing Sukari into production, having joined during the transition of the operation from construction into production.

The new MD has also held senior management roles at the Anglogold-Ashanti Siguiri Mine and Nordgold Lefa Mine, both of which are located within Guinea’s Siguiri Basin, which is also home to Predictive’s Bankan Project.

Mr Parday will start on a $375,000 salary with 2.65 million zero exercise price options and 1 million options exercisable at $0.3476, expiring February 28, 2025.

Additionally, the company has also appointed Paul Roberts as Technical Director.

Mr Roberts will continue to develop Predictive’s exploration projects, including its regional Bankan Project area, and identify new greenfield opportunities.

This new management change is to lead Predictive into the next stage of not only expanding Bankan but begin to assess development opportunities for a large long-life gold mine in Guinea.

Just before the market opens this morning, PDI last traded at 25.5 cents per share.

Related News