Australia

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

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 beRead More – Source