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Predictive Discovery in trading halt ahead of capital raising announcement

The company’s securities are in a trading halt until Wednesday, October 16, or when an announcement is released.

Predictive Discovery Ltd - Predictive Discovery is in trading ahead of a capital raising
Predictive holds a portfolio of gold projects in West Africa

Predictive Discovery Ltd (ASX:PDI) has a capital raising announcement pending and has been granted a trading halt by the ASX.

The company’s securities will remain in trading halt until the beginning of trade on Wednesday, October 16, or when an announcement is made to the market – whichever occurs earliest.

Shares in the West African gold explorer with projects in Burkina Faso, Cote D’Ivoire and Guinea last traded at 1.2 cents.

Sampling results

The company recently obtained more sampling results collected from artisanal pits within its 100%-owned Kaninko Gold Project in Guinea.

The 132 samples have ‘significantly’ expanded the project’s potential with three potential drill targets identified – Bankan Creek, Bankan North-East and Bankan East.

Around 49 samples from Bankan Creek had notable grades of 3.3 g/t gold and an average of 0.8 g/t gold.

New permit

Predictive’s wholly-owned subsidiary, Ivoirian Resources has been granted a 400 square kilometre Bocanda North permit by Cote D’Ivoire’s ministerial council.

The permit area was selected using the company’s Predictore in-house targeting system and is on a major structural position along strike from the Bobosso project.

It straddles a major geological contact separating greenstone from granite representing the western edge of the largest greenstone belt in Cote D’Ivoire.

Quick facts: Predictive Discovery Ltd

Price: 0.01 AUD

ASX:PDI
Market: ASX
Market Cap: $3.68 m
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