OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor PDI ASX; dual listed TSX

PDI Gold Limited

DFS Unfunded Developer · Gold · Guinea · Mali · Cote d Ivoire Rating locked: sign in to view v8 · pdi-20261024t194309-full
Last 2026-10-13
A$4.35
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$4.3B
EV
A$4.1B
Cash
A$409.2M
Debt
A$186.3M

Narrative and provenance

Research & Sources

AI Analyst Report

The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.

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Chronological evidenceSource-document inventory27 documents
Application for quotation of securitiesCorporate Action · HighPartial

shares basic: 988250567 shares (physical PDF page 6); shares fully diluted: 1019693840 shares (physical PDF page 6); Option conversion235860shares at1.40AUD: 330204 AUD (physical PDF page 5). Reviewed material pages 1, 4, 5, 6. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-10-12-6a1348764
Published UTC
2026-10-12T06:19:19+00:00
Projects
—
Commodities
gold
Open original source ↗
PDI ASX eligible close and security verificationMarket Data · MediumExtracted

ASX closing reference price: 4.35 AUD/share (daily table / named series); Latest session volume: 1976185 shares (daily table / named series). Latest local eligible market data provider close 13 October 2026 AUD4.35, volume1,976,185; raw and adjusted close4.35. Independently corroborated closed close4.350 at Investing.com and EODData (rounded provider volume2.06M). Official ASX current issuer PDI Gold Limited. Intraday earlier Stockanalysis quote excluded. Publication time is unavailable: midnight is a date-only normalization, not an observed release time.

Document ID
doc-pdi-20261013-close
Published UTC
2026-10-13T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
RBA daily exchange ratesCommodity Data · MediumExtracted

Valuation-date USD per AUD: 0.6961 USD/AUD (daily table / named series). 13October2026 USD per AUD0.6961;12October0.6979;9October0.6979. Valuation translation only; balances retain balance-date conversion. Publication time is unavailable: midnight is a date-only normalization, not an observed release time. Source-derived comparison capital: US$463m / 0.6961 USD per AUD = A$665,134,319.78; retain native USD capital in the research study and valuation. This corrects the currency basis of the mechanical funding comparison.

Document ID
doc-pdi-20261013-rba
Published UTC
2026-10-13T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
September 2026 Quarter Production UpdateOperations · HighPartial

cash: 409201662.6057045 AUD (physical PDF page 1); production quarter: 45599 oz (physical PDF page 1); head grade: 0.69 g/t (physical PDF page 1); recovery pct: 88.3 % (physical PDF page 1); throughput: 2300000 t (physical PDF page 1); production quarter: 7267 oz (physical PDF page 1); head grade: 0.63 g/t (physical PDF page 1). Reviewed material pages 1, 2. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-10-05-6a1347602
Published UTC
2026-10-04T22:00:19+00:00
Projects
bankan · kiniero · nampala
Commodities
gold
Open original source ↗
September 2026 Resources and Energy Quarterly: gold outlookCommodity Data · MediumExtracted

Australian Government September2026 Resources and Energy Quarterly, published2October2026. Gold overview: estimated Q3 2026 averageUS$4400/oz; gold remains high in2027 then falls toUS$3760/oz in real terms in2031. Official forecast anchor, not a spot quote or issuer guidance. Primary web overview was read; PDF download timed out and no localPDF is claimed.

Document ID
doc-pdi-20261002-req
Published UTC
2026-10-02T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
Annual Report to ShareholdersResults · HighPartial

debt: 186326501.36161673 AUD (physical PDF page 119); lease liabilities: 4265540.835638376 AUD (physical PDF page 118); book equity: 2369970883.680303 AUD (physical PDF page 95); revenue: 202855000.0 USD (physical PDF page 94); npat: -68379000.0 USD (physical PDF page 94); operating cash flow: 48222000.0 USD (physical PDF page 97); capex: 31773000.0 USD (physical PDF page 97). Reviewed material pages 2, 8, 9, 12, 13, 16, 17, 19, 21, 28, 70, 94, 95, 97, 98, 107, 118, 119, 120, 121, 132, 133, 139, 140, 150, 151, 152, 153. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-09-30-6a1346537
Published UTC
2026-09-29T23:08:29+00:00
Projects
bankan · kiniero · nampala
Commodities
gold
Open original source ↗
RBA F11 balance-date foreign exchange observationsCommodity Data · MediumExtracted

September balance-date USD per AUD: 0.6977 USD/AUD (daily table / named series). RBA FXRUSD, units USD per AUD: 30 June2026 0.6869;30 September2026 0.6977. Series retrieved independently and retained in run scratch. The valuation uses latest RBA13October0.6961 from exchange-rates webpage, balances use their own observation date. Publication time is unavailable: midnight is a date-only normalization, not an observed release time.

Document ID
doc-pdi-20260930-rba
Published UTC
2026-09-30T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
Mining Forum Americas PresentationPresentation · HighPartial

permitting status: Environmental approval granted; exploitation permit pending presidential sign-off text (physical PDF page 12). Reviewed material pages 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 21, 22. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-09-28-6a1345970
Published UTC
2026-09-27T23:16:19+00:00
Projects
bankan · kiniero · nampala
Commodities
gold
Open original source ↗
Mineral Resources and Ore Reserves UpdateResource Update · HighPartial

resource tonnes: 146300000 t (physical PDF page 6); resource grade: 0.91 g/t (physical PDF page 6); resource contained: 4280000 oz (physical PDF page 6); resource mi pct: 57.71028037383178 % (physical PDF page 6); reserve tonnes: 55600000 t (physical PDF page 15); reserve grade: 0.99 g/t (physical PDF page 15); reserve contained: 1770000 oz (physical PDF page 15). Reviewed material pages 1, 2, 4, 6, 10, 13, 15, 16, 19, 61. Historical issuer evidence retained separately from current post-merger and post-consolidation observations. Current-interest comparison excludes conditional Argo: retained NEB/BC resource 100.5 Mt at 1.66 g/t Au and 5.376 Moz, detailed in March quarterly physical page 11 and unchanged in this statement. Issuer gross portfolio resource remains 5.528 Moz including Argo.

Document ID
doc-pdi-2026-09-28-6a1345947
Published UTC
2026-09-27T22:34:04+00:00
Projects
bankan · kiniero · nampala
Commodities
gold
Open original source ↗
Notification regarding unquoted securitiesCorporate Action · HighPartial

Reviewed material pages 1, 4, 5. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-09-11-6a1343465
Published UTC
2026-09-11T07:01:34+00:00
Projects
—
Commodities
gold
Open original source ↗
Name Change and Consolidation ApprovedCorporate Action · HighPartial

Reviewed material pages 1, 2. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-08-24-6a1339820
Published UTC
2026-08-23T23:17:50+00:00
Projects
—
Commodities
gold
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighPartial

undrawn facilities: 0 AUD (physical PDF page 18); quarterly net burn: -73164000.0 AUD (physical PDF page 15); aisc: 1254 USD/oz (physical PDF page 3); guidance: 165500 oz/yr (physical PDF page 7); aisc: 1974 USD/oz (physical PDF page 4); recovery pct: 86.5 % (physical PDF page 4); guidance: 43500 oz/yr (physical PDF page 7). Reviewed material pages 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 15, 16, 17, 18. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-07-30-6a1336171
Published UTC
2026-07-29T22:33:49+00:00
Projects
bankan · kiniero · nampala
Commodities
gold
Open original source ↗
June Quarter Activities PresentationPresentation · HighPartial

Reviewed material pages 3, 4, 5, 6, 7, 8, 10, 11, 12, 13. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-07-30-6a1336191
Published UTC
2026-07-29T22:42:09+00:00
Projects
—
Commodities
gold
Open original source ↗
PDI Closes Strategic Investment in Awale ResourcesTransaction · HighPartial

shares held: 16642352 shares (physical PDF page 1); holding cost: 10000000.0 USD (physical PDF page 1); investee: Awale Resources Limited TSXV:ARIC text (physical PDF page 1). Reviewed material pages 1, 2. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-07-29-6a1335897
Published UTC
2026-07-28T22:29:24+00:00
Projects
—
Commodities
gold
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighPartial

Reviewed material pages 1, 2, 3, 4, 5, 6, 7, 10, 11, 15, 18, 19. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-04-28-6a1322233
Published UTC
2026-04-27T22:23:47+00:00
Projects
—
Commodities
gold
Open original source ↗
PDI & Robex Merger CompletedTransaction · HighPartial

Reviewed material pages 1, 2, 3. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-04-17-6a1320833
Published UTC
2026-04-16T22:34:16+00:00
Projects
—
Commodities
gold
Open original source ↗
Half Year AccountsResults · MediumPartial

Reviewed material pages 2, 3, 4, 5, 6, 8, 9, 11, 18. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-02-23-6a1313229
Published UTC
2026-02-23T04:54:39+00:00
Projects
—
Commodities
gold
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · MediumPartial

Reviewed material pages 1, 3, 7, 8, 16. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2026-01-29-6a1308921
Published UTC
2026-01-28T21:16:25+00:00
Projects
—
Commodities
gold
Open original source ↗
Predictive Discovery Technical Report - Bankan Gold ProjectStudy · HighPartial

Reserve-only Bankan technical report, effective31July2025, released14November2025. Tables22.1-22.3 provide production, costs, capital, tax assumptions and annual cash flows. Reserve production2.712Moz; capitalUS$463m; sustainingUS$164.3m; closureUS$39.6m. The older broader JuneDFS includes Inferred feed.

Document ID
doc-pdi-2025-11-14-6a1297087
Published UTC
2025-11-13T23:32:36+00:00
Projects
bankan
Commodities
gold
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · MediumPartial

Reviewed material pages 1, 6, 7, 15. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2025-10-30-6a1294072
Published UTC
2025-10-29T21:15:23+00:00
Projects
—
Commodities
gold
Open original source ↗
Annual Report to shareholdersResults · MediumPartial

Reviewed material pages 8, 23, 36, 39, 45, 56, 57, 58, 60, 61, 63, 64, 66, 67, 87, 102. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2025-10-27-6a1292911
Published UTC
2025-10-26T21:26:53+00:00
Projects
—
Commodities
gold
Open original source ↗
Predictive Discovery & Robex Announce Merger of EqualsTransaction · MediumPartial

Reviewed material pages 1, 2, 3, 4, 5, 6, 7. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2025-10-06-6a1288406
Published UTC
2025-10-05T21:21:50+00:00
Projects
—
Commodities
gold
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · MediumPartial

Reviewed material pages 1, 13, 14, 20. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2025-07-30-6a1275478
Published UTC
2025-07-29T22:25:50+00:00
Projects
—
Commodities
gold
Open original source ↗
Bankan DFS Confirms Outstanding Project EconomicsStudy · HighPartial

Reviewed material pages 1, 2, 3, 4, 5, 6, 7, 8. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2025-06-25-6a1269881
Published UTC
2025-06-24T22:23:16+00:00
Projects
bankan
Commodities
gold
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · MediumPartial

Reviewed material pages 1, 2, 14, 21. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2025-04-30-6a1262161
Published UTC
2025-04-29T22:20:28+00:00
Projects
—
Commodities
gold
Open original source ↗
Half Year AccountsResults · MediumPartial

Reviewed material pages 2, 3, 4, 7, 9, 10, 12, 17. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2025-03-06-6a1254328
Published UTC
2025-03-05T21:14:44+00:00
Projects
—
Commodities
gold
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · MediumPartial

Reviewed material pages 1, 16, 21, 23. Historical issuer evidence retained separately from current post-merger and post-consolidation observations.

Document ID
doc-pdi-2025-01-30-6a1248768
Published UTC
2025-01-29T21:19:52+00:00
Projects
—
Commodities
gold
Open original source ↗
Evidence facts87
fact-pdi-1shares basic

988250567 shares

2026-10-12
fact-pdi-2shares fully diluted

1019693840 shares

2026-10-12
fact-pdi-69Option conversion235860shares at1.40AUD

330204 AUD

2026-10-12
fact-pdi-3cash

409201662.6057045 AUD

2026-09-30
fact-pdi-21production quarter

45599 oz

2026-09-30
fact-pdi-24head grade

0.69 g/t

2026-09-30
fact-pdi-25recovery pct

88.3 %

2026-09-30
fact-pdi-26throughput

2300000 t

2026-09-30
fact-pdi-36production quarter

7267 oz

2026-09-30
fact-pdi-39head grade

0.63 g/t

2026-09-30
fact-pdi-41throughput

420000 t

2026-09-30
fact-pdi-65September gross group production

52866 oz

2026-10-05
fact-pdi-66September cash plus restricted cash plus bullion

405000000.0 USD

2026-10-05
fact-pdi-67September bullion9464oz

39500000.0 USD

2026-10-05
fact-pdi-68Sprott restricted liquidity reserve

80000000.0 USD

2026-10-05
fact-pdi-4debt

186326501.36161673 AUD

2026-09-30
fact-pdi-5lease liabilities

4265540.835638376 AUD

2026-06-30
fact-pdi-8book equity

2369970883.680303 AUD

2026-06-30
fact-pdi-9revenue

202855000.0 USD

2026-06-30
fact-pdi-10npat

-68379000.0 USD

2026-06-30
fact-pdi-11operating cash flow

48222000.0 USD

2026-06-30
fact-pdi-12capex

31773000.0 USD

2026-06-30
fact-pdi-13ownership pct

85 %

2026-06-30
fact-pdi-22kiniero Jan-Jun2026 gross production, not a full fiscal year

92430 oz

2026-06-30
fact-pdi-28ownership pct

80 %

2026-06-30
fact-pdi-37nampala Jan-Jun2026 gross production, not a full fiscal year

19774 oz

2026-06-30
fact-pdi-43ownership pct

100 %

2026-06-30
fact-pdi-61holding pct

11.6 %

2026-09-30
fact-pdi-73Gold-linked instalment ounces per quarter

4667 oz

2026-09-30
fact-pdi-74Gold-linked quarters total

15 quarters

2026-09-30
fact-pdi-75Sprott SOFR spread

6.5 %

2026-09-30
fact-pdi-76Sprott SOFR minimum

3.5 %

2026-09-30
fact-pdi-60permitting status

Environmental approval granted; exploitation permit pending presidential sign-off text

2026-09-28
fact-pdi-14resource tonnes

146300000 t

2026-06-30
fact-pdi-15resource grade

0.91 g/t

2026-06-30
fact-pdi-16resource contained

4280000 oz

2026-06-30
fact-pdi-17resource mi pct

57.71028037383178 %

2026-06-30
fact-pdi-18reserve tonnes

55600000 t

2026-06-30
fact-pdi-19reserve grade

0.99 g/t

2026-06-30
fact-pdi-20reserve contained

1770000 oz

2026-06-30
fact-pdi-29resource tonnes

13900000 t

2026-06-30
fact-pdi-30resource grade

0.67 g/t

2026-06-30
fact-pdi-31resource contained

300000 oz

2026-06-30
fact-pdi-32resource mi pct

86.66666666666667 %

2026-06-30
fact-pdi-33reserve tonnes

3700000 t

2026-06-30
fact-pdi-34reserve grade

0.54 g/t

2026-06-30
fact-pdi-35reserve contained

65000 oz

2026-06-30
fact-pdi-44resource tonnes

103600000 t

2026-06-30
fact-pdi-45resource grade

1.66 g/t

2026-06-30
fact-pdi-46resource contained

5528000 oz

2026-06-30
fact-pdi-47resource mi pct

74.89146164978293 %

2026-06-30
fact-pdi-48reserve tonnes

51600000 t

2026-06-30
fact-pdi-49reserve grade

1.78 g/t

2026-06-30
fact-pdi-50reserve contained

2953000 oz

2026-06-30
fact-pdi-70Mansounia conditional reserve gold

480000 oz

2026-09-28
pdi-fresh-kiniero-remaining-capitalRemaining life-of-mine capital including sustaining

155000000.0 USD

2026-06-30
pdi-fresh-kiniero-mining-rateMining contractor rate

4.49 USD/t mined

2026-06-30
pdi-fresh-kiniero-site-overheadSite general and administration

4.25 USD/t processed

2026-06-30
pdi-fresh-kiniero-corporate-overheadCorporate overhead in reserve model

2.28 USD/t processed

2026-06-30
fact-pdi-6undrawn facilities

0 AUD

2026-06-30
fact-pdi-7quarterly net burn

-73164000.0 AUD

2026-06-30
fact-pdi-23aisc

1254 USD/oz

2026-06-30
fact-pdi-27guidance

165500 oz/yr

2026-12-31
fact-pdi-38aisc

1974 USD/oz

2026-06-30
fact-pdi-40recovery pct

86.5 %

2026-06-30
fact-pdi-42guidance

43500 oz/yr

2026-12-31
fact-pdi-77Guinea merger capital gains settlement

13800000.0 USD

2026-07-30
fact-pdi-62shares held

16642352 shares

2026-07-29
fact-pdi-63holding cost

10000000.0 USD

2026-07-29
fact-pdi-64investee

Awale Resources Limited TSXV:ARIC text

2026-07-29
fact-pdi-51study npv post tax

1445000000.0 USD

2025-07-31
fact-pdi-52study irr

46 %

2025-07-31
fact-pdi-53initial capex

463000000.0 USD

2025-07-31
fact-pdi-54annual production lom

236000 oz/yr

2025-07-31
fact-pdi-55aisc lom

1050 USD/oz

2025-07-31
fact-pdi-56mine life

11.5 years

2025-07-31
fact-pdi-57study discount rate

5 %

2025-07-31
fact-pdi-58study price assumption

2400 USD/oz

2025-07-31
fact-pdi-59study type

DFS / reserve-only NI43-101 text

2025-07-31
fact-pdi-71Bankan reserve-only NPV at3300USDgold

2571000000.0 USD

2025-11-14
fact-pdi-72Bankan reserve-only total output

2712000 oz

2025-11-14
fact-pdi-78ASX closing reference price

4.35 AUD/share

2026-10-13
fact-pdi-79Latest session volume

1976185 shares

2026-10-13
fact-pdi-80September balance-date USD per AUD

0.6977 USD/AUD

2026-09-30
fact-pdi-81Valuation-date USD per AUD

0.6961 USD/AUD

2026-10-13
fact-pdi-bankan-capex-audComparison-only Bankan pre-production capital at cutoff FX

665134319.7816405 AUD

2026-10-13
pdi-req-long-goldGovernment gold price forecast for2031, real terms

3760.0 USD/oz

2026-10-02
Conflicts requiring judgment5
  • BankanstudyNPVandproduction

    Reserve-onlyNI43studyexcludes9.4%inferredproductioninJuneDFS; latestreserveinventoryunchanged. Use1445m/2571mNPVnot1637m/2893m.

  • Awaleshareholding

    Completion11.8% supersededbyannualandSeptemberpresentation11.6%; retain16,642,352shareswithJulydate. Noassertionofsharesoldbecausedenominatordilutionnotexplained.

  • Currentcapitalmarketcapbasis

    ASXproviderheadlinecapdoesnotreconciletostatutoryissuedordinaryshares. Calculateownmarketcapwithlatest12Octcapital988250567andfresh13Oct4.35;noguessedsharesfromcap.

  • Nampala exploitation permit identifier

    Annual physical page 153 labels the 16 km2 active exploitation permit PR17/868, also repeated for the 100 km2 exploration licence. March quarterly physical page 15 identifies the exploitation permit as PE2011/17, expiring 21 March 2042. Preserve active exploitation status and 16 km2 area; do not assert a reconciled current identifier or expiry until primary clarification.

  • Nampala royalty and revenue-tax terms

    The later September30 annual contractual notes24(c) describe1%ISCP plus the progressive ad valorem schedule and3.75%funds; the September28 resource appendixp96 describes3%ISCP and1%NSR. Use the later annual contractual disclosure centrally, retain the discrepancy and a+3percentage-point revenue-charge alternative. It is not a claim that the historical study description was wrong.