During the quarter, PDI continued to progress Bankan through its DFS, which remains on track for completion in 2HCY25. We expect the Exploitation Permit will be granted in the next few months which, combined with the DFS, likely sees a takeover offer in late CY25. Bankan fits the profile of a large-scale, high-margin, low technical risk gold project, which are increasingly rare as M&A in the sector heats up.
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