The intersection effectively doubled the down-dip plunge of the high-grade shoot to 1.2km and was made nearly 400m vertically below the pit shell.

An updated resource statement is due next quarter.

There are currently nine active drill rigs on site across the Bankan project.

Metallurgy is said to be straight forward.

Perhaps the only query over the project is its location in the vicinity of a National Park, though the company remains adamant that it shouldn't be an issue.

Institutions involved in a just-completed A$55 million placement were backing that assessment.

The raising priced new shares at 18c per share.

The stock was trading at 17c this week, capitalising Predictive at $269 million.