PDI Makes Strategic Investment in Awalé Resources

1 hour ago 3

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Compliance Statements

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Not an Offer

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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.

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Forward‑Looking Statements

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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, and statements regarding the strategic investment, including closing and the timing thereof, Awalé’s use of proceeds and PDI’s anticipated shareholding in Awalé. 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”, “intends” and similar expressions.

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Although PDI 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 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 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’s public disclosure documents filed on ASX and on SEDAR+.

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Forward‑looking statements speak only as of the date they are made. Except as required by applicable law, PDI 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.

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Production Targets

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This announcement refers to PDI 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 titled “Bankan DFS Confirms Outstanding Project Economics”. The production targets in respect of Robex’s Kiniero Project were released to ASX on 22 August 2025 in an announcement by Robex titled “Amendment to Kiniero Gold Project Technical Report”. PDI confirms that all the material assumptions underpinning the production targets in the previous announcements continue to apply and have not materially changed.

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¹ For full details of the Mineral Resource estimate, including detailed assumptions and methodology, refer to Awalé’s news release dated 19 May 2026 and NI 43-101 Technical Report dated 3 July 2026, which are available on Awalé’s website at www.awaleresources.com and Awalé’s SEDAR+ profile at www.sedarplus.ca.

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