External broker reports(aggregated public sources), Argonaut

Argonaut

External broker reports(aggregated public sources)

Argonaut’s research focuses on Metals & Mining, Energy, Agribusiness, Businesses and Contractors that service the natural resource sector and select Industrial companies and where warranted, the research team covers special situations. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<div><div><div><div><ul><li>Last week representatives from the Argonaut team attended a site visit at Predictive’s Bankan Gold Project in Guinea.</li><li>We were welcomed with a dancing reception by the Bankan community, who had never seen foreign investors in their village.</li><li>In our tour, we observed the outer buffer zone in which PDI operates, and were provided with details regarding the ESIA required for permitting. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Last week representatives from the Argonaut team attended a site visit at Predictive’s Bankan Gold Project in Guinea.We were welcomed with a dancing reception by the Bankan community, who had never seen foreign investors in their village.In our tour, we observed the outer buffer zone in which PDI operates, and were provided with details regarding the ESIA required for permitting. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Predictive Discovery (PDI) - Bankan Can-Can

<div><div><div><div><ul><li>NE Bankans 50%-ounce conversion to Indicated is a significant step towards production.</li><li>It is vital for progression of the scoping study (planned for late 2023), and in turn, with an Environmental &amp; Social Impact Assessment (also planned for late 2023), will allow buffer zone risks to be addressed as permitting discussions commence.</li><li>Without discounting the significance of the updated MRE, the upgrade continues to align with our internal modelling of mineable inventory; as such, we largely maintain our previous mining assumptions. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

NE Bankans 50%-ounce conversion to Indicated is a significant step towards production.It is vital for progression of the scoping study (planned for late 2023), and in turn, with an Environmental &amp; Social Impact Assessment (also planned for late 2023), will allow buffer zone risks to be addressed as permitting discussions commence.Without discounting the significance of the updated MRE, the upgrade continues to align with our internal modelling of mineable inventory; as such, we largely maintain our previous mining assumptions. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<div><div><div><div><ul><li>Infill results support the recent 4.2Moz Resource estimate.</li><li>NE Bankan has plenty of room to grow and regional upside remains an unknown.</li><li>With ten rigs on-site we anticipate the gaps in drilling to close rapidly.</li></ul></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p></div></div></div>

Infill results support the recent 4.2Moz Resource estimate.NE Bankan has plenty of room to grow and regional upside remains an unknown.With ten rigs on-site we anticipate the gaps in drilling to close rapidly.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Predictive Discovery (PDI) - Filling the Gaps

Australia

PDI Gold Limited operates as a precious metal mining company. The Company discovers, develops, and produces gold. PDI Gold serves customers in Australia and West Africa.

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PDI Gold (PDI AU)

Predictive Discovery (PDI) - Bankan Can-Can

In our tour, we observed the outer buffer zone in which PDI operates, and were provided with details regarding the ESIA required for permitting.

Argonaut

Predictive Discovery (PDI) - Scoping Up

NE Bankans 50%-ounce conversion to Indicated is a significant step towards production. It is vital for progression of the scoping study (planned...

Argonaut

Predictive Discovery (PDI) - Filling the Gaps

Infill results support the recent 4.2Moz Resource estimate. NE Bankan has plenty of room to grow and regional upside remains an unknown.

Argonaut

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