PDI: Annual Information Form

Original announcement by asx on

Company
PDI Gold Limited
Ticker
PDI
Exchange
ASX
Region
West Africa
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Resource update, Other
Extracted
2026-09-29 23:06:07 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

PDI Gold Limited's Annual Information Form for the year ended June 30, 2026, details significant updates across its West African gold operations. The company reported updated Mineral Resource and Reserve estimates for the Kiniero Gold Mine in Guinea and the Nampala Gold Mine in Mali, showing increases in contained gold. Key developments include the completion of the Robex Transaction, advancing the Bankan Project towards construction, and addressing the new Guinea domestic gold refining framework, which is not expected to materially impact 2026 production guidance.

Reasoning: The Annual Information Form provides comprehensive updates, including increased contained gold in both resource and reserve estimates for Kiniero and Nampala, reflecting positive operational and strategic developments. However, significant geopolitical and regulatory risks in West Africa, particularly regarding permitting for Mansounia and the short mine life for Nampala, temper the overall positive outlook.

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • Cut-off Disclosed
  • JORC Compliant
  • NI 43-101 Compliant
  • Indicated Resource
  • Probable Reserve

Negative factors

  • Inferred Resource
  • geopolitical_risk
  • regulatory_risk
  • permitting_risk
  • short_mine_life

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 28

Classification and evidence

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The Kiniero Gold Mine reports several deposits with Indicated Mineral Resources, such as 17.34 Mt at 1.38 g/t Au for SGA & SGD.

Evidence · table

“Indicated Inferred Tonnes (Mt) Au grade (g/t) Contained Gold (Moz) Tonnes (Mt) Au grade (g/t) Contained Gold (Moz) SGA & SGD 17.34 1.38 0.77”

Context: SGA & SGD

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The Kiniero Gold Mine reports several deposits with Inferred Mineral Resources, such as 9.52 Mt at 1.06 g/t Au for SGA & SGD.

Evidence · table

“Indicated Inferred Tonnes (Mt) Au grade (g/t) Contained Gold (Moz) Tonnes (Mt) Au grade (g/t) Contained Gold (Moz) SGA & SGD 17.34 1.38 0.77 9.52 1.06 0.32”

Context: SGA & SGD

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The document states, 'The Kiniero Mineral Reserve is composed of open-pit Mineral Reserve and historic stockpiles, with the consolidated open pit and stockpile Probable Mineral Reserve for Kiniero presented in Table 1.2.'

Evidence · text

“The Kiniero Mineral Reserve is composed of open-pit Mineral Reserve and historic stockpiles, with the consolidated open pit and stockpile Probable Mineral Reserve for Kiniero presented in Table 1.2.”

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The Kiniero Mineral Reserve shows an increase in contained gold from 1.41 Moz to 1.77 Moz between November 2024 and June 2026.

Evidence · table

“Contained Gold (Moz) 30 November 2024 Mineral Reserve 1.41 ... 30 June 2026 Mineral Reserve 1.77”

Context: 30 June 2026 Mineral Reserve

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Kiniero Mineral Resource estimate is signed off by Mr Mark Kent, and the Mineral Reserve by Glen Williamson, both identified as QPs.

Evidence · text

“The QP for this Mineral Resource estimate is Mr Mark Kent.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: Cut-off grades for Kiniero Mineral Resource reporting are clearly stated for various material types and deposits, such as 'laterite 0.3 g/t Au, saprolite (oxide) 0.3 g/t Au, saprock (transition) 0.3 g/t Au, fresh 0.3 g/t Au' for Banfara, SGA & SGD, Jean, and West Balan.

Evidence · text

“Cut-off grades for Mineral Resource reporting are: a. Banfara, SGA & SGD, Jean, and West Balan: laterite 0.3 g/t Au, saprolite (oxide) 0.3 g/t Au, saprock (transition) 0.3 g/t Au, fresh 0.3 g/t Au.”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The document states that the Kiniero updates 'comply with JORC (2012) and CIM standards'.

Evidence · text

“These updates comply with JORC (2012) and CIM standards.”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: AMC prepared a technical report for Kiniero 'in accordance with NI 43-101 entitled “Kiniero NI 43-101 Technical Report” dated September 28, 2026'.

Evidence · text

“AMC prepared a technical report in accordance with NI 43-101 entitled “Kiniero NI 43-101 Technical Report” dated September 28, 2026”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The main purpose of the Kiniero Technical Report is to 'update the Kiniero Mineral Resources and Mineral Reserves'.

Evidence · text

“The main purpose of this Technical Report is to update the Kiniero Mineral Resources and Mineral Reserves.”

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The Nampala Gold Mine reports an Indicated Mineral Resource of '11.5 Mt' at '0.68 g/t' Au for the Nampala Complex.

Evidence · table

“11.5”

Context: Nampala Complex

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The Nampala Gold Mine reports an Inferred Mineral Resource of '1.9 Mt' at '0.64 g/t' Au for the Nampala Complex.

Evidence · table

“1.9”

Context: Nampala Complex

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The document states, 'The Nampala Ore Reserve is supported by the existing technical studies, updated mine planning and actual production and operating data from the Nampala operation.'

Evidence · text

“The Nampala Ore Reserve is supported by the existing technical studies, updated mine planning and actual production and operating data from the Nampala operation.”

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: Updates to the Nampala Mineral Resource include 'an increase in the gold price assumption from US$2,200/oz to US$3,400/oz, contributed an additional 110 koz'.

Evidence · text

“an increase in the gold price assumption from US$2,200/oz to US$3,400/oz, contributed an additional 110 koz.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Emma Brosnan of Micon International Limited is identified as the QP responsible for the Nampala Mineral Resource Estimate.

Evidence · text

“Emma Brosnan of Micon International Limited is the QP responsible for the Mineral Resource Estimate.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: Cut-off grades for Nampala Mineral Resource reporting are clearly stated as 'oxide (laterite, mottled zone, saprolite) 0.22 g/t Au; transition (upper saprock, lower saprock) 0.26 g/t Au; and fresh (fresh rock) 1.21 g/t Au'.

Evidence · text

“Cut-off grades for Mineral Resource reporting were calculated using a gold price of US$3,400/oz and are: oxide (laterite, mottled zone, saprolite) 0.22 g/t Au; transition (upper saprock, lower saprock) 0.26 g/t Au; and fresh (fresh rock) 1.21 g/t Au.”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The Nampala Mineral Resource estimate has been prepared 'in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition) and CIM 2014 Definition Standards'.

Evidence · text

“The Mineral Resource estimate has been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition) and CIM 2014 Definition Standards”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The document states that 'All scientific and technical information in the summary for the Nampala Project has been extracted from the Nampala Technical Report, which was prepared by... each of whom is a qualified person under NI 43-101.'

Evidence · text

“All scientific and technical information in the summary for the Nampala Project has been extracted from the Nampala Technical Report, which was prepared by Andrew Johan de Klerk, B.Sc.(Hons.), Pr.Sci.Nat., SAIMM, GSSA, André Bezuidenhout, M.Sc. Eng, Pr.Sci.Nat., FGS, Dr. Ryan Langdon, PhD, MCSM, MEarthSci, CGeol, FGS, Michiel Breed, M.Eng, Pr.Eng., FSAIMM, Nigel Smalley, BEng, DipCSM, MIMMM and Becky Humphrey, B.Sc., M.Sc., CEnv, MIEMA, MIMMM, each of whom is a qualified person under NI 43-101.”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document explicitly mentions 'Updates to the Nampala Mineral Resource since the last estimate (at 30 September 2024) include:'.

Evidence · text

“Updates to the Nampala Mineral Resource since the last estimate (at 30 September 2024) include:”

Extracted facts

Stored fact records: 28. Some facts used in scoring do not have a stored record.

Resource Estimates (28)

indicatedKiniero Gold Mine · goldTonnes: 17340000Grade: 1.38Grade Unit: g/tContained Metal: 770000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:cc5d217e39eb62f34790
Deposit or zone
SGA & SGD

Resource Data

Category
indicated
Tonnes
17340000
Grade
1.38
Grade Unit
g/t
Contained Metal
770000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a significant indicated resource for the SGA & SGD deposits at Kiniero, contributing substantially to the project's overall gold inventory with a reasonable grade and transparent reporting.

Positive factors

  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“1.38”

Context: 17.34

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKiniero Gold Mine · goldTonnes: 9520000Grade: 1.06Grade Unit: g/tContained Metal: 320000Contained Unit: ozView all details
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Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:984eb8249a879107a1f8
Deposit or zone
SGA & SGD

Resource Data

Category
inferred
Tonnes
9520000
Grade
1.06
Grade Unit
g/t
Contained Metal
320000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: While contributing to the overall resource, the inferred category for SGA & SGD indicates lower geological confidence, which is typical for early-stage estimates but limits its immediate economic viability.

Positive factors

  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“1.06”

Context: 9.52

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKiniero Gold Mine · goldTonnes: 4100000Grade: 2.01Grade Unit: g/tContained Metal: 260000Contained Unit: ozView all details
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Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:d2584bd496c83a79b91b
Deposit or zone
Jean

Resource Data

Category
indicated
Tonnes
4100000
Grade
2.01
Grade Unit
g/t
Contained Metal
260000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The Jean deposit shows a good indicated resource with a higher grade, indicating strong potential for economic extraction and contributing positively to the project's value.

Positive factors

  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“2.01”

Context: 4.10

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKiniero Gold Mine · goldTonnes: 3820000Grade: 1.14Grade Unit: g/tContained Metal: 140000Contained Unit: ozView all details
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Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:544cde96d3663d370878
Deposit or zone
Jean

Resource Data

Category
inferred
Tonnes
3820000
Grade
1.14
Grade Unit
g/t
Contained Metal
140000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The inferred resource for the Jean deposit, while adding to the total, carries lower confidence and requires further drilling to upgrade for economic studies.

Positive factors

  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“1.14”

Context: 3.82

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKiniero Gold Mine · goldTonnes: 3660000Grade: 1.18Grade Unit: g/tContained Metal: 140000Contained Unit: ozView all details
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Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:aaf05648bcdc6258c967
Deposit or zone
Sabali North & Central

Resource Data

Category
indicated
Tonnes
3660000
Grade
1.18
Grade Unit
g/t
Contained Metal
140000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: An indicated resource for Sabali North & Central adds to the project's overall inventory with transparent reporting of cut-off grades.

Positive factors

  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“1.18”

Context: 3.66

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKiniero Gold Mine · goldTonnes: 860000Grade: 1.41Grade Unit: g/tContained Metal: 40000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:69c2657b3e6186f63a0b
Deposit or zone
Sabali North & Central

Resource Data

Category
inferred
Tonnes
860000
Grade
1.41
Grade Unit
g/t
Contained Metal
40000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The inferred resource for Sabali North & Central is small and requires further work to increase confidence and potential economic viability.

Positive factors

  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“1.41”

Context: 0.86

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKiniero Gold Mine · goldTonnes: 7910000Grade: 0.98Grade Unit: g/tContained Metal: 250000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:f0d5ae28922871ed9df6
Deposit or zone
Sabali South

Resource Data

Category
indicated
Tonnes
7910000
Grade
0.98
Grade Unit
g/t
Contained Metal
250000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Sabali South contributes a moderate indicated resource with a reasonable grade, enhancing the project's overall resource base.

Positive factors

  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.98”

Context: 7.91

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKiniero Gold Mine · goldTonnes: 4110000Grade: 1.05Grade Unit: g/tContained Metal: 140000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:975f4b9cf1b04da08261
Deposit or zone
Sabali South

Resource Data

Category
inferred
Tonnes
4110000
Grade
1.05
Grade Unit
g/t
Contained Metal
140000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The inferred resource for Sabali South, while adding to the total, requires further work to increase confidence and potential economic viability.

Positive factors

  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“1.05”

Context: 4.11

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKiniero Gold Mine · goldTonnes: 3730000Grade: 1.36Grade Unit: g/tContained Metal: 160000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:42acbdd5b13c953d90c6
Deposit or zone
West Balan

Resource Data

Category
indicated
Tonnes
3730000
Grade
1.36
Grade Unit
g/t
Contained Metal
160000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: West Balan provides a small but good-grade indicated resource, contributing to the overall project value with transparent reporting.

Positive factors

  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“1.36”

Context: 3.73

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKiniero Gold Mine · goldTonnes: 2930000Grade: 1.28Grade Unit: g/tContained Metal: 120000Contained Unit: ozView all details
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Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:787727cc0440443b18b1
Deposit or zone
West Balan

Resource Data

Category
inferred
Tonnes
2930000
Grade
1.28
Grade Unit
g/t
Contained Metal
120000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The inferred resource for West Balan adds to the total but requires further work to increase confidence and potential economic viability.

Positive factors

  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“1.28”

Context: 2.93

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKiniero Gold Mine · goldTonnes: 1130000Grade: 0.94Grade Unit: g/tContained Metal: 30000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:7eeade7d999b5c0d958d
Deposit or zone
Banfara

Resource Data

Category
indicated
Tonnes
1130000
Grade
0.94
Grade Unit
g/t
Contained Metal
30000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Banfara contributes a small indicated resource, adding to the project's overall inventory with transparent reporting.

Positive factors

  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.94”

Context: 1.13

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKiniero Gold Mine · goldTonnes: 960000Grade: 1.32Grade Unit: g/tContained Metal: 40000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:7321279a057c8502fc90
Deposit or zone
Banfara

Resource Data

Category
inferred
Tonnes
960000
Grade
1.32
Grade Unit
g/t
Contained Metal
40000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The inferred resource for Banfara is small and requires further work to increase confidence and potential economic viability.

Positive factors

  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“1.32”

Context: 0.96

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKiniero Gold Mine · goldTonnes: 29350000Grade: 0.72Grade Unit: g/tContained Metal: 680000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:6ac7fc1c3b94dda09c0c
Deposit or zone
Mansounia Central

Resource Data

Category
indicated
Tonnes
29350000
Grade
0.72
Grade Unit
g/t
Contained Metal
680000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Mansounia Central contributes a significant indicated resource, but its full potential is contingent on securing the exploitation permit, which is currently pending.

Positive factors

  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • permitting_risk

Evidence · table

“0.72”

Context: 29.35

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKiniero Gold Mine · goldTonnes: 43570000Grade: 0.71Grade Unit: g/tContained Metal: 1000000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:373d8980afef224cc0e9
Deposit or zone
Mansounia Central

Resource Data

Category
inferred
Tonnes
43570000
Grade
0.71
Grade Unit
g/t
Contained Metal
1000000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Mansounia Central has a large inferred resource, but its lower confidence category and pending exploitation permit introduce uncertainty regarding its economic contribution.

Positive factors

  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • permitting_risk

Evidence · table

“0.71”

Context: 43.57

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

indicatedKiniero Gold Mine · goldTonnes: 13060000Grade: 0.39Grade Unit: g/tContained Metal: 160000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:af374739c260e18e8ccf
Deposit or zone
Stockpiles

Resource Data

Category
indicated
Tonnes
13060000
Grade
0.39
Grade Unit
g/t
Contained Metal
160000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The indicated stockpile resource provides a low-grade, readily available source of material, contributing to early mine life feed.

Positive factors

  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.39”

Context: 13.06

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredKiniero Gold Mine · goldTonnes: 190000Grade: 1.31Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Mark Kent
Resource group id
resource:5e0fca9edfb47231d961
Deposit or zone
Stockpiles

Resource Data

Category
inferred
Tonnes
190000
Grade
1.31
Grade Unit
g/t
Contained Metal
10000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The small inferred stockpile resource is a minor contributor and requires further validation for economic consideration.

Positive factors

  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource

Evidence · table

“1.31”

Context: 0.19

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

probableKiniero Gold Mine · goldTonnes: 4000000Grade: 1.85Grade Unit: g/tContained Metal: 240000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
reserve
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Glen Williamson
Resource group id
resource:cbb4a01e94a035009aef
Deposit or zone
Jean

Resource Data

Category
probable
Tonnes
4000000
Grade
1.85
Grade Unit
g/t
Contained Metal
240000
Contained Unit
oz

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The Jean deposit's probable reserve with a good grade indicates a high likelihood of economic extraction, contributing significantly to the project's mine plan.

Positive factors

  • Probable Reserve
  • QP/CP Signed

Evidence · table

“1.85”

Context: 4.0

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

probableKiniero Gold Mine · goldTonnes: 10900000Grade: 1.28Grade Unit: g/tContained Metal: 450000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
reserve
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Glen Williamson
Resource group id
resource:f0c269df2566e2a13685
Deposit or zone
SGA

Resource Data

Category
probable
Tonnes
10900000
Grade
1.28
Grade Unit
g/t
Contained Metal
450000
Contained Unit
oz

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: SGA's probable reserve represents a substantial portion of the project's economic inventory, supporting the mine plan with a solid grade.

Positive factors

  • Probable Reserve
  • QP/CP Signed

Evidence · table

“1.28”

Context: 10.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

probableKiniero Gold Mine · goldTonnes: 5000000Grade: 1.38Grade Unit: g/tContained Metal: 220000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
reserve
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Glen Williamson
Resource group id
resource:6c150526c05d75487998
Deposit or zone
SGD

Resource Data

Category
probable
Tonnes
5000000
Grade
1.38
Grade Unit
g/t
Contained Metal
220000
Contained Unit
oz

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: SGD's probable reserve adds to the project's economic base with a good grade, contributing to the overall mine life.

Positive factors

  • Probable Reserve
  • QP/CP Signed

Evidence · table

“1.38”

Context: 5.0

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

probableKiniero Gold Mine · goldTonnes: 5500000Grade: 0.94Grade Unit: g/tContained Metal: 170000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
reserve
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Glen Williamson
Resource group id
resource:b77d7662d9e90996d54c
Deposit or zone
Sabali South

Resource Data

Category
probable
Tonnes
5500000
Grade
0.94
Grade Unit
g/t
Contained Metal
170000
Contained Unit
oz

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Sabali South's probable reserve provides a consistent, albeit lower-grade, contribution to the project's economic inventory.

Positive factors

  • Probable Reserve
  • QP/CP Signed

Evidence · table

“0.94”

Context: 5.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

probableKiniero Gold Mine · goldTonnes: 3100000Grade: 0.98Grade Unit: g/tContained Metal: 100000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
reserve
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Glen Williamson
Resource group id
resource:d8c5336c98f74daaaaa6
Deposit or zone
Sabali North and Central

Resource Data

Category
probable
Tonnes
3100000
Grade
0.98
Grade Unit
g/t
Contained Metal
100000
Contained Unit
oz

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Sabali North and Central's probable reserve adds a smaller, but economically viable, component to the overall mine plan.

Positive factors

  • Probable Reserve
  • QP/CP Signed

Evidence · table

“0.98”

Context: 3.1

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

probableKiniero Gold Mine · goldTonnes: 19500000Grade: 0.77Grade Unit: g/tContained Metal: 480000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
reserve
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Glen Williamson
Resource group id
resource:2f22ccfd810f1b41f19d
Deposit or zone
Mansounia

Resource Data

Category
probable
Tonnes
19500000
Grade
0.77
Grade Unit
g/t
Contained Metal
480000
Contained Unit
oz

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Mansounia's large probable reserve is a key component of the project, but its realization is dependent on the pending exploitation permit, introducing a degree of risk.

Positive factors

  • Probable Reserve
  • QP/CP Signed

Negative factors

  • permitting_risk

Evidence · table

“0.77”

Context: 19.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

probableKiniero Gold Mine · goldTonnes: 7700000Grade: 0.49Grade Unit: g/tContained Metal: 120000Contained Unit: ozView all details
Link to this fact

Identity

Project
Kiniero Gold Mine
Commodity
gold
Region
guinea
Reported Region
Guinea
Ticker
PDI

Resource scope

Estimate type
reserve
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Glen Williamson
Resource group id
resource:ebb5596b894cc7b967a5
Deposit or zone
Stockpiles

Resource Data

Category
probable
Tonnes
7700000
Grade
0.49
Grade Unit
g/t
Contained Metal
120000
Contained Unit
oz

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The stockpile probable reserve provides a low-grade, accessible source of material, contributing to the project's operational flexibility.

Positive factors

  • Probable Reserve
  • QP/CP Signed

Evidence · table

“0.49”

Context: 7.7

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

indicatedNampala Gold Mine · goldTonnes: 11500000Grade: 0.68Grade Unit: g/tContained Metal: 250000Contained Unit: ozView all details
Link to this fact

Identity

Project
Nampala Gold Mine
Commodity
gold
Region
mali
Reported Region
Mali
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc, other
QP Signed
Yes
Qualified person names
Emma Brosnan
Resource group id
resource:c6380427ba7efcb2a38e
Deposit or zone
Nampala Complex

Resource Data

Category
indicated
Tonnes
11500000
Grade
0.68
Grade Unit
g/t
Contained Metal
250000
Contained Unit
oz
Cutoff Grade
0.22
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The Nampala Complex has a significant indicated resource, contributing to the project's economic base with transparent reporting and showing growth in contained metal.

Positive factors

  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed
  • Contained Metal Growth

Evidence · table

“0.68”

Context: 11.5

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredNampala Gold Mine · goldTonnes: 1900000Grade: 0.64Grade Unit: g/tContained Metal: 40000Contained Unit: ozView all details
Link to this fact

Identity

Project
Nampala Gold Mine
Commodity
gold
Region
mali
Reported Region
Mali
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc, other
QP Signed
Yes
Qualified person names
Emma Brosnan
Resource group id
resource:779294f5c52f1e77d346
Deposit or zone
Nampala Complex

Resource Data

Category
inferred
Tonnes
1900000
Grade
0.64
Grade Unit
g/t
Contained Metal
40000
Contained Unit
oz
Cutoff Grade
0.22
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The inferred resource for Nampala Complex, while showing growth, carries lower confidence and requires further work to upgrade for economic studies.

Positive factors

  • QP/CP Signed
  • Cut-off Disclosed
  • Contained Metal Growth

Negative factors

  • Inferred Resource

Evidence · table

“0.64”

Context: 1.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedNampala Gold Mine · goldTonnes: 600000Grade: 0.5Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all details
Link to this fact

Identity

Project
Nampala Gold Mine
Commodity
gold
Region
mali
Reported Region
Mali
Ticker
PDI

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc, other
QP Signed
Yes
Qualified person names
Emma Brosnan
Resource group id
resource:f979b43c3326ad3cdda4
Deposit or zone
Stockpiles

Resource Data

Category
indicated
Tonnes
600000
Grade
0.5
Grade Unit
g/t
Contained Metal
10000
Contained Unit
oz
Cutoff Grade
0.22
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The indicated stockpile resource provides a small, low-grade, readily available source of material for the Nampala operation.

Positive factors

  • Indicated Resource
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“0.50”

Context: 0.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableNampala Gold Mine · goldTonnes: 3200000Grade: 0.55Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nampala Gold Mine
Commodity
gold
Region
mali
Reported Region
Mali
Ticker
PDI

Resource scope

Estimate type
reserve
Effective date
2026-06-30T00:00:00.000Z
Resource group id
resource:ce965009c34e4c77fa0d

Resource Data

Category
probable
Tonnes
3200000
Grade
0.55
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The Nampala Ore Reserve provides a moderate tonnage of ore, but the short mine life of 1.9 years indicates a need for further reserve replacement.

Positive factors

  • Probable Reserve

Negative factors

  • short_mine_life

Evidence · text

“The schedule results in 1.9 (23 months) year mine life, with 16.2 Mt of total open-pit material, 3.2 Mt of ore at 0.55 g/t Au and 13.0 Mt of waste at a 4.1:1 waste to ore strip ratio”

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableNampala Gold Mine · goldTonnes: 600000Grade: 0.5Grade Unit: g/tView all details
Link to this fact

Identity

Project
Nampala Gold Mine
Commodity
gold
Region
mali
Reported Region
Mali
Ticker
PDI

Resource scope

Estimate type
reserve
Effective date
2026-06-30T00:00:00.000Z
Resource group id
resource:13e00b2d5ed2b290b7fd

Resource Data

Category
probable
Tonnes
600000
Grade
0.5
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The stockpile ore contributes to the Nampala mine plan, offering additional feed, but the overall mine life remains short.

Positive factors

  • Probable Reserve

Negative factors

  • short_mine_life

Evidence · text

“The processing schedule includes 0.6 Mt of ore reclaimed from stockpiles at 0.5g/t Au”

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.