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PREDICTIVE DISCOVERY LIMITED — AGM Information 2012
Nov 25, 2012
65537_rns_2012-11-25_81f72366-6a62-406b-93e0-59e7f694fabc.pdf
AGM Information
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ANNUAL GENERAL MEETING 26 November 2012
Disclaimer
This presentation contains only a brief overview of Predictive Discovery Ltd and its associated entities (“PDI or Predictive") and their respective activities. The contents of this presentation, including matters relating to the geology of the projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.
This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Predictive’s control, may cause the actual results, performance and achievements of PDI to differ materially from those expressed or implied in this presentation.
To the maximum extent permitted by law, PDI does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of PDI, and will not be responsible for any loss or damage arising from the use of the information.
The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Predictive or its activities.
Competent Person Statement
The information in this presentation that relates to Exploration Results is based on information compiled by Mr P. A. Roberts, who is a Fellow of the Australian Institute of Geoscientists, and has had sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Roberts is an employee of Predictive and consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.
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Corporate Presentation 2012 Page 2
A year of great achievement
− A major work program in Burkina Faso:
o Drilling:
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28,000m RC/air core drilling
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3,000m diamond drilling
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35,000m of geochemical (power auger) drilling
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Aeromagnetic surveys, geological mapping and Predictore[TM ]
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− Ore grade/width gold intercepts at many prospects including new discoveries (e.g. Bongou)
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Central mill concept developed
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Large Exploration Target recognised
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High grade prospects identified for immediate focus
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Corporate Presentation 2012 Page 3
Eastern Burkina Faso Project
− 100km of greenstone strike in Samira Hill Belt (Samira Hill 2.5Moz) +10km in Bangaba Belt − Large gold mineralised systems
- Many artisanal mining (including recent Madyabari gold rush)
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Corporate Presentation 2012 Page 4
LATERITE HILL GOLDFIELD
BANGABA:
− Solna
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2m @56g/t from 56m
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6m @ 20g/t from 40m
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5m @ 16g/t from 61m
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7m @ 13g/t Au from 117m
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5.6m @ 16g/t Au from 205m
− Tambiri :
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5m @ 17g/t from 96m
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3m @ 18g/t Au from 58m
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9.3m @ 4.9g/t Au from 62.7m
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13.3m @ 3.6g/t Au from 61m
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Bongou
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54m @ 2.1g/t from 36m incl. 20m @ 4.8g/t Au
− Dave
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6m @ 10g/t from 74m
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26m @5.0g/t from 22m
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13m @ 4.7g/t from 66m
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− :
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Prospect 71
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24m @2.1g/t from 26m
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4m @ 7.1g/t from 20m
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− Laterite Hill Prospect
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22m @1.4 g/t from 48m
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Tamboana:
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5m @ 5.1g/t from 36m
Corporate Presentation 2012 Page 5
Exploration Target defined from reconnaissance drilling results
12Mt to 16Mt at 1.9 to 2.3g/t Au (750,000 to 1.2 million ounces)*
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Drilled areas only
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To 70m depth on Laterite Hill Gold Field and 100-180m at Bangaba
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Based on polygonal calculations of drilled sections or longitudinal projections
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Maximum extrapolation 200m
This targeted tonnage and grade is conceptual in nature and there has been insufficient exploration to define a Mineral Resource under the JORC Code and it is uncertain if further exploration will result in the determination of a Mineral Resource* . See appendix for detailed explanation.**
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Corporate Presentation 2012 Page 6
Multiple mines – one mill
- Central mill concept
− Flat terrain between prospects − Existing all weather access to within a few km of major prospects
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Corporate Presentation 2012 Page 7
Laterite Hill Grid – drilling focus in 2011-12
− 20km long gold field discovered in 2011 and 2012
− Broad gold geochemical anomalies under thin cover
− Large gaps in bedrock geochemistry coverage – upside potential (e.g. west of Dave)
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Dave
Madyabari permit
Sirba permit
Sirba River
Prospect 71 (flows in wet season)
Prospect 71 LEGEND
West Bedrock samples
Gold (parts per billion)
Laterite Hill-
Tamboana-Koundi
0 2,500m
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Corporate Presentation 2012 Page 8
RC drilling - Dave Prospect, Laterite Hill
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- Large mineralised
system - over 5km long
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Multiple gold intercepts on most sections
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Mostly oxide
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Bulk tonnage open pit target
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− Potential for high grade zones
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Corporate Presentation 2012 Page 9
High grade targets – Laterite Hill Goldfield
− Large areas still untested by bedrock geochemistry – potential for new discoveries − Madyabari gold rush − NE trending zones e.g. Tamboana, Prospect 71, Madyabari
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Corporate Presentation 2012 Page 10
High grade targets: new gold discovery at Bongou
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54m @ 2.1 g/t Au including 20m at
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4.8g/t Au
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One hole only at end of last field season
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Well defined structure open to east and west for >10km
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Comparable results along strike or at depth would build
resource tonnes very fast
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Corporate Presentation 2012 Page 11
High grade prospects – Madyabari gold rush
− At least 5,000 people – from no more than 20 since July
− Very high grades have attracted miners from at least 80km radius
- Shallow west dipping veins recognised
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- Drilling planned in December
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Corporate Presentation 2012 Page 12
High grade prospects – Madyabari high grade ore
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Corporate Presentation 2012
Page 13
High grade prospects - Bangaba
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− Gold mineralisation on granodiorite contacts
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High grade drill results
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At least 8km of bedrock gold anomalies
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Only 1.2km RC drill tested to date
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Corporate Presentation 2012 Page 14
Bangaba Permit - Tambiri high grade
Bangaba Permit - Tambiri high grade
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Corporate Presentation 2012 Page 15
Bangaba Permit - Solna high grade
− Flat plunging ribbon like lodes estimated to be 30-40m in vertical extent with high grade cores: 2- 7m thick at 10-20g/t Au
− >2km untested along strike potential
- Other lodes with high grades e.g. 2m @56g/t Au
− Open pittable opportunity followed by underground
- High grades in deepest holes
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Corporate Presentation 2012 Page 16
Planned Exploration Program: Drill Focus on High Grade
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Focus on high grade targets, starting at Bongou
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Extend known mineralisation with RC/air core drilling
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Prioritise prospects with highest grades and best continuity for subsequent drilling programs
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Modest metallurgical test work program
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Corporate Presentation 2012 Page 17
Scale, Results, Plan for Success
Scale : (for major mining operation)
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110km greenstone strike length
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• >33km of bedrock gold anomalies
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Extensive artisanal workings
Results:
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>9km of gold-mineralised strike in RC drilling so far
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High grades in multiple prospects
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Exploration target defined
Plan for Success:
- Build maiden resource from high grade targets
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- Central mill strategy
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Corporate Presentation 2012 Page 18
Predictive Discovery Limited West African Gold Explorer
Contact Details:
Level 2, 9 Colin St, West Perth, Western Australia 6005 Telephone: +61 402 857 249 Email: [email protected] Website:
www.predictivediscovery.com
Corporate Presentation 2012 Page 19
Exploration Target Methodology:
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Polygonal method was employed – mineralised areas were measured from drill cross sections from Laterite Hill Gold Field and Tambiri and a longitudinal projection at Solna. Volumes at Laterite Hill and Tambiri were calculated by multiplying mineralised areas by the half distance to the adjacent section. Volumes at Solna were calculated by multiplying measured areas on longitudinal projection by the estimated horizontal widths. Extrapolations from outermost drill sections were a maximum of 200m at Laterite Hill and 100m at Tambiri and Solna.
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Cut-off grade was 0.7g/t Au
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An arbitrary top cut of 20g/t Au was applied to the Laterite Hill Gold Field assays. No top cut was applied to the Solna or Tambiri assays.
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Assumed average density was 2.0 at Laterite Hill, 2.7 at Solna and 2.8 at Tambiri (based on core measurements)
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Minimum 4m down-hole width of 4m used at Laterite Hill Gold Field and Tambiri Prospect. Minimum 2m down-hole width used at Solna (interpreted to be close to true width)
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Maximum internal waste of 4m
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Simplifying assumption of a steep dip to south assumed for all Dave and Laterite Hill cross sections
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On the Laterite Hill Grid, mineralised sectional areas extended down to a maximum of 70m vertical depth and up to surface or half way to the adjacent hole (if un-mineralised). At Tambiri, the maximum depth was 100m and at Solna, it was 180m (deeper blocks are assumed to be underground mineable)
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Corporate Presentation 2012 Page 20
Cote D’Ivoire – New Project
− Area targeted using Predictore[TM ]
− SE of Randgold’s Tongon gold mine
− High grade rock and soil samples at surface – peak values of 51 and 52g/t Au − Substantial artisanal workings − Deal subject to permit grant, right to earn 70%
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Corporate Presentation 2012 Page 21