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Predictive Discovery up again as placement funds boosted by $180,000 options exercise

The company is well-funded to execute the next phase of fieldwork on a recent gold discovery at its 100%-owned Kaninko Gold Project in Guinea.

Predictive Discovery Ltd - Predictive Discovery's shares surge as placement to raise $612,490 comes to a close
Predictive is focused on gold projects in Guinea, Burkina Faso and Cote d’Ivoire

Predictive Discovery Ltd (ASX:PDI) has capped off a strong trading week with the early exercise of listed options adding $180,000 in cash proceeds to the $612,490 raised in a share placement.

Shares today have been as high as 7.2 cents, up more than 12 per cent on yesterday's close of 6.4 cents and have climbed from 0.5 cents late on Thursday, April 9 to a new 12-month high of 8.5 cents.

Predictive now has available cash on hand of approximately $1.8 million following the completion of the placement and options exercise.

Well-funded for next fieldwork

It is well-funded to execute the next phase of fieldwork on the recent gold discovery at Kaninko Gold Project in Guinea, as well as the broader Guinea portfolio, including the recently announced Koundian project.

Managing director Paul Roberts said it was an exciting time for Predictive.

"Early successes"

“We have reported outstanding early success at the North-East Bankan prospect in our Kaninko project and are awaiting two batches of drill results from the nearby but separate Bankan Creek prospect, also on Kaninko, which are expected in the next two weeks.

“We will begin drilling on the large gold-in-soil anomaly identified on our Kankan project to the east of Kaninko shortly and eagerly await our first fieldwork commencing at the Koundian project situated adjacent to the 2-million-ounce Tri K gold deposits.

“Given the great potential of the Siguiri Basin of Guinea, which is host to several multi-million-ounce gold deposits, we are very pleased to see our strategy yielding great early success”.

Quick facts: Predictive Discovery Ltd

Price: 0.059 AUD

ASX:PDI
Market: ASX
Market Cap: $59.28 m
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