Predictive Discovery (ASX:PDI) said Guinea's Ministry of Environment and Sustainable Development approved the environmental and social impact assessment and issued a certificate of environmental compliance for the Bankan gold project, according to a Monday filing with the Australian bourse.
The approvals will enable the company to apply for the project's exploitation license, the filing said.
The company plans to submit its application for the permit to the Ministry of Mines and Geology and the Center for the Promotion and Development of Mines by Jan. 31, per the filing.
Shares rose nearly 8% in morning trade Monday.
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