Name Change and Consolidation Approved

Article content

PDI Gold’s long-life growth asset is the Tier-1 Bankan Gold Project in Guinea, one of the largest undeveloped gold projects in Africa. Bankan is approaching construction-ready status with expected production of ~250,000oz per annum over more than 12 years.

Article content

Once Bankan is in production, the Company is targeting annual production exceeding 400,000oz by 2029 from its low-cost mining hub in Guinea, leveraging the proximity and synergies of the Kiniero and Bankan assets.

Article content

PDI Gold’s is at a pivotal stage in its evolution, growing into a mid-tier, multi-mine West African gold producer, with a clear focus on sustainably developing its portfolio to create long-term value for shareholders and stakeholders.

Article content

COMPLIANCE STATEMENTS

Article content

Not an Offer

Article content

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. No securities regulatory authority has approved or disapproved the contents of this announcement. The securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, U.S. registration requirements.

Article content

Article content

Forward-Looking Statements

Article content

This announcement contains forward looking statements and forward looking information within the meaning of applicable securities laws. Forward looking statements include, but are not limited to, statements regarding gold production and guidance, expectations regarding exploration and development activities and potential, expectations regarding permitting and development funding for the Bankan Project. Forward looking statements are based on assumptions and expectations as at the date of this announcement and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Forward looking statements are generally identified by words such as “will”, “expect”, “anticipate”, “may”, “could”, “should”, “plan”, “estimate” and similar expressions.

Article content

Although PDI Gold believes that the expectations reflected in the forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements since no assurance can be provided that such expectations will prove to be correct. Forward-looking statements are based on information available at the time those statements are made and/or good faith belief of the officers and directors of PDI Gold as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements involve numerous risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to, commodity price fluctuations, foreign exchange movements and general economic conditions, geopolitical, social and regulatory risks, operating and cost risks, the speculative nature of exploration and project development including the risks of obtaining necessary approvals, licenses, permits and funding, diminishing quantities or grades of reserves, changes to the legal and regulatory framework within which PDI Gold operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation and other risks described in PDI Gold’s public disclosure documents filed on ASX and on SEDAR+.

Article content

Article content

Forward looking statements speak only as of the date they are made. Except as required by applicable law, PDI Gold undertakes no obligation to update or revise any forward looking statements contained in this announcement. All forward-looking statements contained in this announcement are expressly qualified in its entirety by the above cautionary statement.

Article content

Production Targets

Article content

This announcement refers to PDI Gold having expected production of more than 400,000oz per annum by 2029. The production targets in respect of the Bankan Project were released to ASX on 25 June 2025 in an announcement by PDI Gold titled “Bankan DFS Confirms Outstanding Project Economics”. The production targets in respect of the Kiniero Project were released to ASX on 22 August 2025 in an announcement by Robex Resources titled “Amendment to Kiniero Gold Project Technical Report”. PDI Gold confirms that all the material assumptions underpinning the production targets in the previous announcements continue to apply and have not materially changed.

Article content

Article content

Article content

Article content

Article content

Article content