PDI Gold Limited, a company focused on gold exploration and production in West Africa, has announced a strategic investment of A$5.1 million to acquire a 9.9% equity stake in Skylark Minerals Limited (Skylark), a gold explorer in Côte d’Ivoire.
This investment is part of Skylark’s ongoing A$20 million share placement, which aims to advance its flagship asset—the 1.2 million ounce Zaranou Gold Project.
Skylark recently released an updated Inferred Mineral Resource estimate for the Zaranou Project, totaling 29 million tonnes at a grade of 1.28 g/t gold for 1.2 million ounces. This figure represents a more than threefold increase within 12 months of acquiring the project.
Skylark plans to use the funds from the placement to increase its interest in the Zaranou Project from 51% to 90%, conduct further drilling to expand the mineral resources in the Zaranou Central area, and carry out early-stage exploration and drilling across other prospective areas of the project and other gold projects in Côte d’Ivoire.
The Managing Director and CEO of PDI Gold stated, “Skylark is an emerging West African gold explorer with a clearly defined 1.2 million ounce Inferred Mineral Resource at the Zaranou Project and attractive exploration potential. The current resources are distributed across three deposits, all with potential for growth through additional drilling, and there is significant upside along the nearly 50km exploration corridor. We look forward to seeing the Skylark team advance the Zaranou Project.”
This marks PDI Gold’s second investment in a West African peer focused on Côte d’Ivoire recently, following a previous US$10 million investment in Awalé Resources Limited for an approximate 12.3% strategic stake.
PDI Gold was formed through the merger of Predictive Discovery Limited and Robex Resources Inc., aiming to create a leading gold production and development company in West Africa, with a target of producing over 400,000 ounces of gold annually by 2029.
Post time: Nov-11-2026
