Perseus Mining has acquired a 13.82% equity interest in Predictive Discovery, the company behind the Bankan Gold Project in Guinea, as part of a strategic move to support its growth objectives.
The Bankan Gold Project, located in Guinea’s northeastern province, boasts estimated gold reserves of 57.7 million tons. A recent pre-feasibility study has positioned the project as one of West Africa’s largest gold discoveries.
Jeff Quartermaine, Chairman and CEO of Perseus Mining, commented, “Predictive’s Bankan Gold Project represents an exciting opportunity in a region with a growing gold mining presence. We are eager to collaborate with Predictive’s management and board to unlock the project’s full potential.”
In addition to the equity stake, Perseus Mining also holds a 3.45% economic interest in Predictive Discovery through cash-settled equity swaps.
