Predictive Discovery Limited has reported another active quarter at its Tier‐1 Bankan Gold Project in Guinea, West Africa. During the period ending 31 March 2025, the company announced the results from approximately 7,000 meters of drilling at its Fouwagbe and Sounsoun targets, which are now underpinning maiden mineral resource estimates. The drilling data from Fouwagbe highlighted several high‐grade intercepts, including a 5‑meter intercept averaging 15.98g/t gold (with a peak reading of nearly 72g/t in a 1‑meter interval), as well as multiple other intervals that refine the company’s interpretation of parallel south‐west plunging shoot zones. At Sounsoun, resource definition drilling within an east–west trending shear zone provided intercepts such as 4m at 0.80g/t and 7m at 0.94g/t, further contributing to the resource estimate which outlines 2.2Mt grading 1.68g/t gold for Fouwagbe and 0.9Mt grading 1.19g/t gold for Sounsoun. The company also announced encouraging exploration drilling results in a more distant south‐west area of Sounsoun, with several strong intercepts including 17m at 1.76g/t and 23m at 3.07g/t, and an impressive interval of 1m reaching 47.08g/t. These intercepts, combined with positive follow‐up results announced after the quarter-end, highlight significant potential for additional discoveries within the broader project area. On the regulatory and sustainability fronts, Predictive Discovery Limited reached a key de-risking milestone with the approval of its Environmental & Social Impact Assessment and the issuance of an Environmental Compliance Certificate by Guinea’s Ministry of Environment and Sustainable Development. The company has already submitted an application for an Exploitation Permit and is actively engaging with governmental agencies while advancing biodiversity, reforestation, and community development programs. Local community projects continue to support education and infrastructure, reinforcing the company’s commitment to responsible development. In terms of project financing and development, the Definitive Feasibility Study is progressing on schedule with substantial work completed on mine and process plant design. The company successfully raised A$69.2 million through a strategic placement from key investors, ensuring it is fully funded through the decision to commence development. With A$77.6 million cash on hand and no debt, these financial resources provide a solid foundation to fund early development activities, DFS completion, and ongoing exploration work. The news presents a mix of bullish and bearish perspectives. On the bullish side, strong drilling intercepts, promising maiden resource estimates, and significant capital raising have de-risked the project and positioned it for accelerated development. The achievement of key environmental and social permits further enhances the project’s profile. However, from a bearish viewpoint, the report noted elevated cash outflows linked to one-off items and a reduction in creditor positions, which may be a short-term concern for cash management. Additionally, while the DFS work is on track, any unforeseen delays in permitting or final DFS outcomes could impact the timeline for production decisions. Overall, the current developments point to robust potential amid normal exploration and financing risks.