PDI Gold (PDI) Investor presentation summary

Strategic positioning and growth outlook

• Aims to become a leading West African gold producer, targeting over 400koz annual production by 2029, with 2026 guidance of 198-220koz from two producing mines and a major development project.

• Holds 9.5Moz in resources and 4.5Moz in reserves, with significant exploration upside at Kiniero and Bankan projects.

• Completed a merger with Robex in April 2026, strengthening operational scale and financial position.

• Strategic investment in Awalé Resources provides exposure to additional gold and copper exploration in Côte d'Ivoire.

• Board and management have a proven track record in developing and operating African gold mines.

Operational and financial performance

• June 2026 quarter saw 64koz gold poured and 49koz sold, with group AISC at US$1,408/oz, outperforming most West African peers.

• Kiniero mine exceeded nameplate capacity, achieving 54,252oz gold poured in the June quarter at AISC of US$1,254/oz.

• Nampala mine provided stable output and monthly free cash flow, with 2026 guidance of 41-46koz at AISC of US$2,000-2,200/oz.

• Cash and bullion balance at quarter-end was US$364M, supporting ongoing development and exploration.

• Undiluted market capitalisation stands at US$3.1Bn, with a strong institutional shareholder base including BlackRock and Vanguard.

Project pipeline and exploration

• Bankan Gold Project is construction-ready pending mining permit, with 2.95Moz reserves and 5.53Moz resources, targeting 250kozpa over 12 years at AISC US$1,057/oz.

• Kiniero mine has 1.4Moz probable reserves and 2.2Moz indicated resources, with ongoing brownfields and greenfields drilling to extend mine life.

• Systematic exploration at Kiniero and Bankan aims to increase resources, reserves, and mine lives, with 133,000m drilling planned at Kiniero in 2026.

• Bankan optimisation studies and major procurement contracts are advancing, with no increase anticipated to the US$463M capital estimate.

• Awalé Resources JV with Newmont is advancing a 1.7Moz AuEq maiden resource, with ongoing drilling and technical studies.