PDI Gold (PDI) Investor presentation summary

Strategic positioning and growth trajectory

• Positioned to become a leading low-cost gold producer in West Africa, with two producing mines (Kiniero in Guinea, Nampala in Mali) and a Tier-1 development project (Bankan in Guinea).

• 2026 production guidance is 198,000–220,000oz, targeting over 400,000oz per annum by 2029.

• Total resources stand at 9.5Moz, including 4.5Moz of reserves, with significant exploration upside at all projects.

• De-risked funding and construction for Bankan, with exploitation permits for Bankan and Mansounia awaiting final sign-off.

• Strong institutional shareholder base and robust financial platform, with pro-forma cash of US$263M and debt of US$130M as of March 2026.

Operational performance and project updates

• Kiniero achieved commercial production in February 2026, with Q1 gold production of 38,178oz at an AISC of US$1,043/oz, outperforming ramp-up plans.

• Nampala remains a stable producer, generating 41,000–46,000oz guidance for 2026 and consistent monthly free cash flow.

• Bankan is a large-scale, long-life project with 2.95Moz reserves and 5.53Moz resources, targeting 250,000oz per annum over 12 years; final investment decision and construction to commence post-permit.

• Exploration programs at Kiniero and Bankan are focused on resource growth, mine life extension, and near-mine discoveries.

• March 2026 quarter delivered total production of 48,177oz at an average AISC of US$1,192/oz and a realised gold price of US$4,806/oz.

Financial and corporate highlights

• Market capitalisation of US$3.6Bn (A$4.9Bn) as of May 2026, with a fully diluted share count of 5,088 million.

• Cash margin from operations reached US$139M in Q1 2026, with free cash flow of US$90M, driven by Kiniero ramp-up and high gold prices.

• Strong institutional backing from major global investors, including BlackRock, VanEck, Franklin Templeton, and others.

• Board and management team have a proven track record in African gold mine development and operations.

• Ongoing focus on safety, with a TRIFR of 0.0 for PDI and 2.3 for Robex in the March 2026 quarter.