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PREDICTIVE DISCOVERY LIMITED Capital/Financing Update 2015

Oct 27, 2015

65537_rns_2015-10-27_d0cf5489-a7fb-4c10-945e-a1cfb6053b23.pdf

Capital/Financing Update

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28[th] October 2015

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ASX

Announcement

Predictive Discovery Limited is a gold exploration company with strong technical capabilities focused on its advanced gold exploration projects in West Africa.

ASX: PDI

Issued Capital: 651M shares

Share Price: 0.5 cents

Market Capitalisation: $3.25M

Directors

Phillip Jackson Non-Exec Chairman

Paul Roberts Managing Director

Phil Henty Non-Executive Director

Tim Markwell Non-Executive Director

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Predictive enters agreement on major gold mineralised system in Cote D’Ivoire

Predictive Discovery Limited (ASX:PDI) has signed an agreement with an Ivoirian company by which PDI will provide and/or arrange financing and exploration management on a granted exploration permit and a second permit which is under application in northern Cote D’Ivoire. The agreement is subject to the second permit (Wendene) being granted by the Ivoirian Government. The Wendene permit application covers the large Bobosso gold mineralised system :

  • High-grade and/or wide, shallow historical RC and diamond drill intercepts including:

  • 5m at 20.6g/t Au from 48m

  • 7m at 9.5g/t Au from 26m

  • 32m at 1.9g/t Au from 12m

  • 35m at 1.6g/t Au from 65m

  • 2m at 29.2m g/t Au from 66m

  • 7km[2] gold-in-soil anomaly covering with average value of 0.4g/t Au

  • Multiple mineralisation styles and lode positions extending over large area

  • Historical database - 569 RC holes and 11 diamond drill holes

  • Significant parts of 7km[2] soil anomaly not tested by RC drilling , and numerous untested gold-in-soil anomalies along strike.

  • 800km[2] ground position after Wendene is granted.

Mr Paul Roberts, Predictive’s Managing Director said: “Subject to the grant of Wendene, Predictive sees Bobosso as an important new opportunity for the Company and its shareholders. Historical drilling has intersected gold mineralisation over a large area, and there is significant potential to make new discoveries both on the fringes of the drilled area and along strike to the north and south. Primary gold mineralisation is present in numerous, variably orientated zones. Shallow, possibly alluvial or laterite-hosted gold zones, are also present, which may offer the opportunity for low cost, early gold production.

While there is already a substantial drill database on Bobosso, we see good potential to identify more mineralisation and better ore continuity within drilled areas by orientating holes in a different direction to most of the historical drilling.

Predictive has been actively seeking opportunities in Cote D’Ivoire since 2011. The country is politically stable and the economy is growing strongly. The Mining Act has been modernised and ground has become available to new entrants. Our increasing focus in this country is bearing fruit, firstly through the encouraging, recent exploration results generated by our JV partner, Toro Gold (ASX releases dated 15/9/15 and 20/10/15) and now with this agreement on Bobosso.“

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Introduction

The Bobosso Project consists of a granted exploration permit (Bassawa) and a permit application (Wendene) in northern Cote D’Ivoire (Figure 1). Predictive has been advised that the Wendene permit application has passed through the required internal government approval processes and awaits presentation to the Cote D’Ivoire Government’s Council of Ministers for grant. This is expected after completion of the current national election period.

Applications for Bassawa and Wendene were both made by an Ivoirian Company, XMI SARL ( XMI ). XMI also holds another permit application, Niakaramandougou, which is located south-west of Predictive’s Ferkessedougou permit (Figure 1). The Bassawa permit was granted by decree n°2015-570 dated 29 July 2015. Bassawa and Wendene each cover an area of 400km[2] . Niakaramandougou covers 399 km[2] .

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Figure 1: Location of the XMI granted exploration permit (Bassawa) and permit applications (Wendene and Niakaramandougou) in Cote d’Ivoire. Also, showing are Predictive’s other permits in Cote D’Ivoire, which are currently under joint venture with Toro Gold Limited.

2

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Bassawa and Wendene are located in the southern extension of the well mineralised Hounde Belt in Burkina Faso, which includes Semafo’s Mana Mine (5Moz in ore resources and reserves[1] ).

Both permit areas were previously covered by a single exploration permit that was granted to Equigold in 1997, then passed onto Lihir Gold Limited and subsequently to Newcrest Mining Limited following the successive mergers of those companies. Predictive understands that the ground was surrendered last year because of the age of the permit, which was well beyond the normal time for exploration envisaged by the Cote D’Ivoire Mines Administration.

The reported geology of the area includes mafic volcanics, sediments and intrusive rocks of variable composition including diorites and granites.

Historical Exploration Results

XMI has provided PDI with a historical exploration database including technical reports. This has been validated by a visit to the main drilled area and sighting some of the historic drill collars in their correct locations. Subsequently, many of the original drill assay data certificates have also been obtained.

The Equigold and Lihir Gold Limited historical RC and diamond drilling on the Wendene permit application consisted of 569 RC and 11 diamond drill holes. This work followed up soil sampling and widely spaced RAB drill lines on both the Wendene and Bassawa permits.

The historical soil sampling obtained many anomalous results over the Bassawa permit and Wendene permit application (Figure 2). Of particular note is a 7km[2] area in Wendene in which most of the values are above 100ppb Au (Figures 3, 8 and 9). This area contains 729 soil samples with an average arithmetic value of 394ppb Au ( 0.39g/t Au ) and peak values of 39.8g/t Au , 20.2g/t Au and 6.89g/t Au . There are numerous plus 100ppb Au anomalous values outside of this area, many of which are untested by any drilling.

569 RC holes and 11 diamond drill holes were completed in the area of the 7km[2] anomaly (Figure 4). Of these, 221 holes contained at least one 2gxm intercept[2] at a cut-off grade of 0.5 g/t Au. Most of these intercepts were at shallow depths. The average (vertical) depth tested by drilling was approximately 80m.

All RC and diamond drill intercepts are reported in the drill results table at the end of this release. High-grade and/or wide mineralised intercepts recorded in the database include the following:

  • BRC047: 32m at 1.93g/t Au from 12m

  • BRC053: 2m at 29.70g/t Au from 0m

  • BRC083: 5m at 20.60g/t Au from 48m

1 See http://www.semafo.com/English/operations-and-exploration/reserves-and-resources/default.aspx 2 e.g. 1m at 2g/t Au or 4m at 0.5g/t Au

3

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  • BRC097: 7m at 5.36g/t Au from 17m

  • BRC262: 35m at 1.56g/t Au from 65m

  • BRC278: 7m at 9.52g/t Au from 26m

  • BRC311: 2m at 29.16g/t Au from 66m

  • BRC343: 25m at 1.45g/t Au from 11m

  • BRC552: 9m at 5.01g/t Au from 4m

  • BRC557: 31m at 1.18g/t Au from 59m

  • BRC561: 9m at 4.21g/t Au from 12m

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Figure 2: Bobosso gold geochemical anomaly on satellite imagery background

Predictive makes the following observations about the Bobosso project:

  • The drilled area covers a major gold mineralised system with numerous separate zones of gold mineralisation, apparently with variable vein and/or mineralised shear orientations.

  • Gold mineralisation continuity is not the same everywhere. In places, convincing continuity can be seen (e.g. Figures 5 and 7). Elsewhere, continuity is not as clear. This may be due, in part, to holes having been drilled in the wrong direction (e.g. Figure 6). Field observations of foliation angle by Predictive geologists tend to support this idea. Some mineralisation may also be present as thin veins with limited strike extent.

4

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  • Elevated gold values near surface are quite common, and help explain the very large gold anomaly. These values may be explained by partly lateritised alluvium/colluvium formed by erosion of the underlying mineralisation. In places, continuity of these near-surface values from hole to hole is clear (e.g. Figure 7). Such zones offer the potential for early low cost gold production from this site.

  • Gold grades in unweathered rocks are associated with elevated levels of quartz and/or pyrite.

  • Geologically logged primary rock types include andesite, basalt, diorite and lesser felsic schists, tuffs and granite. Some inconsistencies between the geology of adjacent holes have been noted, which suggests that re-logging will be required. Predictive understands that the RC drill chips still exist and could be available for re-logging by PDI geologists. Relogging of the geology and systematic XRF measurements of chips and drill core will offer a good opportunity to both better understand mineralisation continuity and plan followup drilling.

  • According to the historical drill logs, the depth of weathering averages about 30m.

  • Most of the historical drilling was conducted on 200m spaced drill lines. It is unlikely that a formal resource estimation could be made using such widely spaced drill lines. Nevertheless, Predictive believes that, when supported by the results of new infill drilling, this data is sufficiently well documented for use in a future resource calculation because:

  • the digital database includes hole collar information, downhole survey data, assays, geological logs and drill core photography,

  • based on Predictive’s field visit, many hole collar markers appear to be intact, allowing validation of the drill locations by an independent expert, and

  • most of the RC drill gold analysis certificates are now held by Predictive.

  • Few or no villagers live or farm directly on the Bobosso gold soil geochemical anomaly. There are signs of recent artisanal mining activity but PDI is informed that Government officials have recently been actively discouraging artisanal mining in this area. Predictive is informed that past explorer relationships with the local villagers were positive.

  • Local infrastructure is generally quite good. The nearest town, Dabakala, is connected to Cote D’Ivoire’s sealed road network and is a 90 minute drive from the project area. There is also a substantial power line which runs within a few kilometres of the Bobosso gold anomaly.

5

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Figure 3: Bobosso gold in soil geochemical anomaly showing values in assay intervals and historical

RC and DD holes.

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Figure 4: Bobosso gold in soil geochemical anomaly showing location of all historical RC holes, highlighting all holes with gold intercepts of at least 2 g x m and showing cross section locations

6

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Figure 5: Drill cross section 1 – showing zone with good continuity from hole to hole. Note also apparent enrichment in gold values and widths in near surface weathered zone.

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Figure 6: Drill cross section 2 – illustrating uncertain hole to hole continuity with possibility of mineralised zones dipping near parallel to historical drill holes. Note also high grade BRC083 intercept

7

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Figure 7: Drill cross section 3 – showing near surface, possibly partly lateritised colluvial/alluvial gold zone. Note high grade, shallow BRC553 intercept.

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Figure 8: Historical gold in soil and rock chip geochemical values for Wendene permit application.

8

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Figure 9: Historical gold in soil and rock chip geochemical values for Bassawa permit.

Agreement with XMI

Key terms of the agreement are as follows:

  • The agreement is subject to grant of the Wendene permit, which is expected in the next few months.

  • Equity in the project will be earned through a holding company in the UK - Exploration and Mining Investments Limited ( EMIL ).

  • On grant of Wendene, PDI will invest £27,000 (Approximately A$58,000) into EMIL and obtain 15% of that company.

  • PDI will have an exclusive right for six months to raise capital to progress the project. This capital may be provided in part or in whole by PDI or third party investors arranged by PDI.

  • Subject to completion of a successful initial capital raising of at least £500,000 within 6 months of the grant of Wendene, Predictive will have the first right of refusal to raise funds into EMIL for two years from the date of grant.

  • Predictive’s team will manage exploration of the project.

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The benefits of this agreement are that:

  • PDI’s initial outlay is modest but will immediately give the Company a 15% equity in the project. The initial investment will be paid only after the Wendene permit has been granted,

  • The agreement maximises PDI’s flexibility by allowing investment at the project level or at the parent company level.

  • Predictive’s technical team will be able to manage exploration of the project in a highly cost effective way, and with minimal overheads.

  • The two year right to raise funds into EMIL maximises PDI’s ability to retain control of the project.

The owners of XMI will play a key role in the ongoing management of EMIL. Their representative, Mr Eric Kondo, will hold an EMIL Board seat and will be a member of the executive committee which will run EMIL on a day-to-day basis. Mr Kondo will also provide critical in-country support in regards to the administration of XMI, government and community relationships. The technical program, which will constitute the major activity of EMIL and XMI, will be managed by Predictive’s Managing Director, Mr Paul Roberts.

Planned Work Program

Following the successful initial project capital raising the planned work program is as follows:

  • Geological mapping of the principal Bobosso mineralised area,

  • Re-logging of RC and diamond drill samples of key mineralised areas, including XRF logging to more accurately distinguish rock types. Logging of orientated drill core may provide a clearer picture of mineralised lode orientations;

  • Ground follow-up of gold anomalous areas throughout the two permits to identify potential future drill targets;

  • Metallurgical test work of shallow gold-bearing material;

  • Drill planning based on 3D interpretations of target mineralised zones based on the relogging program and surface geological mapping;

  • Depending on funds availability, an initial drilling program aimed at understanding mineralisation continuity in high priority areas.

TABLE 1 – HISTORICAL RC AND DIAMOND DRILL RESULTS

Hole
No.
UTM_E
(WGS84,
Zone 30N)
UTM_N
(WGS84,
Zone
30N)
RL Azimuth
Hole
dip
Total
Depth
0.5g/t Au cut-offgrade 0.5g/t Au cut-offgrade 0.5g/t Au cut-offgrade 0.75g/t Au cut-offgrade 0.75g/t Au cut-offgrade 0.75g/t Au cut-offgrade
Depth
from
Interval Au
(g/t)
Depth
from
Interval Au
(g/t)
BDD001
380234
943431 281 105.0 -60 151.6 0.0
2.0

4.40

0.0

2.0

4.40

10

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BDD001
380234
943431 281 105.0 -60 151.6 21.0
9.0

1.85

21.0

2.0

2.45
BDD001
380234
943431 281 105.0 -60 151.6 26.0
4.0

2.83
BDD001
380234
943431 281 105.0 -60 151.6 48.3
4.7

1.22

48.3

4.7

1.22
BDD001
380234
943431 281 105.0 -60 151.6 97.0
7.0

3.70

97.0

5.3

4.66
BDD002
380156
943452 282 105.0 -60 164.0 24.0
4.0

0.69
BDD003
379485
943422 279 140.0 -55 155.2 94.0
14.0

2.06

94.0

4.0

1.51
BDD003
379485
943422 279 140.0 -55 155.2 101.0
7.0

3.03
BDD003
379485
943422 279 140.0 -55 155.2 114.0
2.0

1.86
114.0
1.0

3.05
BDD003
379485
943422 279 140.0 -55 155.2 121.7
4.3

1.20
121.7
1.1

3.62
BDD003
379485
943422 279 140.0 -55 155.2 134.0
11.0

1.23
134.0
11.0

1.23
BDD004
378381
943405 251 140.0 -55 175.2 131.2
9.8

1.48
131.2
4.8

2.53
BDD005
378380
943324 253 110.0 -60 130.0 83.5
6.5

1.80

83.5

6.5

1.80
BDD006
380846
944315 280 105.0 -50 202.6
BDD007
380460
943576 271 95.0 -60 166.9
BDD008
380095
943371 288 116.0 -60 296.7 113.0
3.0

0.67
BDD008
380095
943371 288 116.0 -60 296.7 153.0
9.0

3.30
155.0
1.0
25.68
BDD008
380095
943371 288 116.0 -60 296.7 175.0
4.0

0.85
175.0
2.0

1.11
BDD008
380095
943371 288 116.0 -60 296.7 280.0
3.0

1.51
280.0
3.0

1.51
BDD009
379636
943272 297 116.0 -60 251.0 0.0
30.0

1.00

0.0

3.0

1.50
BDD009
379636
943272 297 116.0 -60 251.0 10.0
3.2

1.80
BDD009
379636
943272 297 116.0 -60 251.0 16.0
14.0

1.20
BDD009
379636
943272 297 116.0 -60 251.0 75.0
1.3

1.60

75.0

1.3

1.60
BDD009
379636
943272 297 116.0 -60 251.0 121.0
2.0

2.02
121.0
2.0

2.02
BDD010
379735
943152 326 125.0 -50 251.3
BDD011
379846
943008 303 124.0 -50 257.4
BRC001 380153 943220 298 104.5 -60 76.0 4.0
17.0

1.21

4.0

4.0

1.54
BRC001 380153 943220 298 104.5 -60 76.0 12.0
9.0

1.47
BRC002 379516 943386 282 105.5 -60 103.0 22.0
6.0

1.22

23.0

5.0

1.35
BRC002 379516 943386 282 105.5 -60 103.0 84.0
7.0

0.82

84.0

2.0

1.46
BRC002 379516 943386 282 105.5 -60 103.0 95.0
2.0

1.96

95.0

2.0

1.96
BRC003 379272 943449 273 115.5 -60 80.0
BRC004 379125 943488 268 104.5 -60 82.0 2.0
2.0

1.43

3.0

1.0

2.21
BRC004 379125 943488 268 104.5 -60 82.0 29.0
18.0

1.79

29.0

4.0

2.46
BRC004 379125 943488 268 104.5 -60 82.0 36.0
11.0

1.96
BRC004 379125 943488 268 104.5 -60 82.0 61.0
3.0

0.84

63.0

1.0

2.11
BRC005 378930 943542 260 96.5 -60 80.0
BRC006 379553 942766 268 103.5 -60 121.0
BRC007 378539 943055 260 106.5 -60 80.0 0.0
3.0

1.57

0.0

3.0

1.57
BRC007 378539 943055 260 106.5 -60 80.0 18.0
7.0

1.95

18.0

7.0

1.95
BRC007 378539 943055 260 106.5 -60 80.0 44.0
5.0

1.26

44.0

5.0

1.26
BRC008 378446 943073 258 103.5 -60 80.0 41.0
4.0

0.82
BRC008 378446 943073 258 103.5 -60 80.0 51.0
8.0

0.72

52.0

6.0

0.74
BRC009 378361 943097 255 104.5 -60 80.0 0.0
2.0

1.50

1.0

1.0

2.73
BRC009 378361 943097 255 104.5 -60 80.0 20.0
4.0

0.82

20.0

4.0

0.82
BRC009 378361 943097 255 104.5 -60 80.0 71.0
2.0

0.74
BRC010 378264 943126 253 105.5 -60 80.0
BRC011 378158 943154 250 102.5 -60 82.0
BRC012 377921 942157 234 105.5 -60 60.0
BRC013 377495 942318 228 103.5 -60 80.0 3.0
2.0

2.12

3.0

1.0

3.70
BRC013 377495 942318 228 103.5 -60 80.0 41.0
5.0

1.69

41.0

5.0

1.69
BRC014 379576 942560 266 103.5 -60 80.0 46.0
2.0

2.88

46.0

2.0

2.88
BRC014 379576 942560 266 103.5 -60 80.0 58.0
8.0

2.35

58.0

8.0

2.35
BRC015 379473 942586 264 96.5 -60 76.0
BRC016 379381 942610 263 113.5 -60 82.0 76.0
2.0

5.77

76.0

2.0

5.77

11

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BRC017 379288 942642 263 107.5 -60 76.0 54.0
2.0

1.51

54.0

2.0

1.51
BRC018 379184 942656 262 110.5 -60 80.0 70.0
4.0

1.45

70.0

4.0

1.45
BRC019 379674 942528 268 109.5 -60 86.0 74.0
2.0

8.35

74.0

2.0

8.35
BRC019 379674 942528 268 109.5 -60 86.0 82.0
2.0

2.29

82.0

2.0

2.29
BRC020 378859 942374 243 98.5 -60 80.0
BRC021 378816 942379 243 101.5 -60 60.0
BRC022 379628 942542 267 103.5 -60 80.0
BRC023 378998 942718 253 104.5 -60 76.0
BRC024 379069 942703 257 105.5 -60 76.0
BRC025 378944 942736 251 105.5 -60 66.0
BRC026 378849 942759 250 106.5 -60 84.0
BRC027 378751 942789 252 106.5 -60 76.0
BRC028 378653 942816 254 106.5 -60 76.0
BRC029 378555 942842 255 105.5 -60 88.0 0.0
2.0

2.97

0.0

2.0

2.97
BRC030 378464 942869 255 105.5 -60 80.0
BRC031 378363 942897 254 104.5 -60 76.0
BRC032 378265 942922 253 104.5 -60 80.0 28.0
4.0

1.47

28.0

4.0

1.47
BRC033 378164 942953 251 105.5 -60 80.0 46.0
2.0

1.39

46.0

2.0

1.39
BRC033 378164 942953 251 105.5 -60 80.0 62.0
12.0

0.64

62.0

2.0

1.27
BRC034 378092 942972 249 107.5 -60 80.0
BRC035 378029 942987 247 104.5 -60 80.0
BRC036 377941 943013 246 108.5 -60 85.0
BRC037 379921 942870 289 110.5 -60 80.0
BRC038 379833 942902 286 98.5 -60 80.0
BRC039 379733 942922 284 93.5 -60 82.0 62.0
16.0

1.32

62.0

16.0

1.32
BRC040 379645 942955 281 103.5 -60 76.0 0.0
2.0

6.71

0.0

2.0

6.71
BRC041 379544 942982 275 104.5 -60 88.0 8.0
2.0

1.40

8.0

2.0

1.40
BRC041 379544 942982 275 104.5 -60 88.0 66.0
4.0

0.69
BRC041 379544 942982 275 104.5 -60 88.0 76.0
6.0

2.23

78.0

4.0

3.00
BRC042 379448 943007 270 105.5 -60 76.0 48.0
10.0

1.90

48.0

2.0

1.58
BRC042 379448 943007 270 105.5 -60 76.0 54.0
4.0

3.84
BRC043 378838 943188 262 110.5 -60 80.0 18.0
2.0

1.27

18.0

2.0

1.27
BRC043 378838 943188 262 110.5 -60 80.0 44.0
4.0

1.23

44.0

4.0

1.23
BRC044 378744 943216 261 108.5 -60 76.0
BRC045 378641 943241 261 107.5 -60 84.0 50.0
6.0

1.01

50.0

6.0

1.01
BRC046 378554 943270 258 104.5 -60 80.0
BRC047 378455 943303 255 106.5 -60 78.0 12.0
32.0

1.93

12.0

24.0

2.28
BRC047 378455 943303 255 106.5 -60 78.0 40.0
4.0

1.27
BRC048 378362 943330 252 103.5 -60 84.0 80.0
2.0

7.95

80.0

2.0

7.95
BRC049 378468 943494 250 289.5 -60 76.0
BRC050 378567 943459 252 287.5 -60 76.0
BRC051 378662 943431 255 280.5 -60 76.0
BRC052 378757 943399 259 286.5 -60 84.0
BRC053 378856 943387 260 288.5 -60 76.0 0.0
2.0
29.70
0.0

2.0
29.70
BRC054 378942 943344 262 284.5 -60 88.0 64.0
2.0

1.56

64.0

2.0

1.56
BRC055 379647 942757 271 285.5 -60 80.0 56.0
2.0

1.11

56.0

2.0

1.11
BRC056 379025 943330 265 291.5 -60 84.0 6.0
16.0

1.15

6.0

6.0

2.20
BRC056 379025 943330 265 291.5 -60 84.0 18.0
4.0

0.80
BRC056 379025 943330 265 291.5 -60 84.0 30.0
6.0

1.97

30.0

6.0

1.97
BRC056 379025 943330 265 291.5 -60 84.0 58.0
2.0

2.62

58.0

2.0

2.62
BRC056 379025 943330 265 291.5 -60 84.0 78.0
6.0

1.36

78.0

6.0

1.36
BRC057 379142 943291 269 285.5 -60 82.0 10.0
4.0

1.82

10.0

4.0

1.82
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12

==> picture [596 x 77] intentionally omitted <==

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13

==> picture [596 x 77] intentionally omitted <==

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14

==> picture [596 x 77] intentionally omitted <==

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15

==> picture [596 x 77] intentionally omitted <==

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16

==> picture [596 x 77] intentionally omitted <==

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2.18

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2.0

2.18
BRC265 380345 943605 276 105.0 -60 80.0 13.0
4.0

0.67
BRC265 380345 943605 276 105.0 -60 80.0 26.0
14.0

1.02

27.0

4.0

1.48
BRC265 380345 943605 276 105.0 -60 80.0 34.0
3.0

1.63
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2.0

1.77

47.0

2.0

1.77
BRC266 380305 943620 278 105.0 -60 85.0 62.0
13.0

1.76

62.0

3.0

6.75
BRC266 380305 943620 278 105.0 -60 85.0 69.0
6.0

2.25
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2.0

1.36

80.0

2.0

1.36
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2.0

1.25

76.0

2.0

1.25
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2.0

1.45

8.0

1.0

2.85
BRC276 381885 944027 298 98.0 -60 97.0 32.0
2.0

5.79

32.0

1.0
11.55

17

==> picture [596 x 77] intentionally omitted <==

BRC276 381885 944027 298 98.0 -60 97.0 41.0
2.0

1.04

41.0

2.0

1.04
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3.0

2.09

18.0

3.0

2.09
BRC278 381809 944042 296 98.0 -60 90.0 26.0
7.0

9.52

26.0

7.0

9.52
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12.30
1.0

1.0
24.00
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3.0

1.58

63.0

2.0

2.08
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3.0

2.07

0.0

3.0

2.07
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2.0

1.65

71.0

1.0

3.02
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1.07

12.0

1.0

2.02
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2.0

2.31

0.0

2.0

2.31
BRC300 380328 943199 290 105.0 -60 90.0 13.0
2.0

1.43

13.0

1.0

2.25
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12.0

1.61

2.0

12.0

1.61
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2.0

1.31

18.0

2.0

1.31
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1.05
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1.0

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11.0

1.88

76.0

2.0

3.48
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5.0

2.67
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8.0

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64.0

7.0

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29.16
66.0

1.0
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1.28

7.0

2.0

1.28
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1.01

14.0

6.0

1.42
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12.77
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2.0

3.68
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1.0

3.61
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1.04
BRC317 380639 943953 274 105.0 -60 94.0 14.0
3.0

0.77

14.0

3.0

0.77
BRC318 380611 943961 276 105.0 -60 108.0 102.0
3.0

2.27
102.0
3.0

2.27
BRC319 380565 943975 278 105.0 -60 134.0 29.0
2.0

2.15

29.0

1.0

4.26
BRC319 380565 943975 278 105.0 -60 134.0 104.0
4.0

0.61
BRC319 380565 943975 278 105.0 -60 134.0 114.0
10.0

0.90
114.0
3.0

1.27
BRC319 380565 943975 278 105.0 -60 134.0 120.0
4.0

1.09
BRC319 380565 943975 278 105.0 -60 134.0 131.0
2.0

1.16
131.0
2.0

1.16

18

==> picture [596 x 77] intentionally omitted <==

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2.63

17.0

1.0

5.23
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2.0

1.25

1.0

1.0

2.46
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2.0

0.97
BRC342 378600 943261 260 105.0 -60 87.0 11.0
4.0

0.55
BRC342 378600 943261 260 105.0 -60 87.0 29.0
3.0

0.69
BRC342 378600 943261 260 105.0 -60 87.0 42.0
2.0

1.00
BRC342 378600 943261 260 105.0 -60 87.0 63.0
2.0

1.29

64.0

1.0

2.29
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25.0

1.45

11.0

3.0

2.85
BRC343 378497 943290 256 105.0 -60 81.0 18.0
7.0

1.10
BRC343 378497 943290 256 105.0 -60 81.0 28.0
3.0

4.73
BRC344 378417 943310 254 105.0 -60 99.0 62.0
14.0

1.43

62.0

3.0

1.75
BRC344 378417 943310 254 105.0 -60 99.0 68.0
8.0

1.66
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BRC346 378766 942984 258 105.0 -60 81.0 3.0
6.0

0.82

3.0

2.0

1.33
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1.0

2.12
BRC347 378729 942997 259 105.0 -60 85.0 20.0
5.0

0.94

20.0

5.0

0.94
BRC348 378692 943006 259 105.0 -60 84.0 32.0
3.0

1.85

32.0

3.0

1.85
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4.0

0.77

29.0

4.0

0.77
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2.0

1.01

42.0

2.0

1.01
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2.0

1.13

53.0

2.0

1.13
BRC351 378495 943053 259 105.0 -60 99.0 81.0
6.0

1.57

81.0

6.0

1.57
BRC352 378575 943034 260 105.0 -60 99.0 17.0
4.0

0.70

17.0

4.0

0.70
BRC352 378575 943034 260 105.0 -60 99.0 75.0
2.0

1.64

75.0

1.0

3.25
BRC353 378411 943080 256 105.0 -60 105.0
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2.0

1.85

0.0

2.0

1.85
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2.0

1.21

10.0

1.0

2.34
BRC356 378198 943144 251 105.0 -60 100.0 25.0
2.0

1.13

25.0

2.0

1.13
BRC357 378210 942948 251 105.0 -60 96.0 54.0
3.0

1.42

54.0

3.0

1.42
BRC357 378210 942948 251 105.0 -60 96.0 72.0
5.0

1.63

72.0

5.0

1.63
BRC358 378134 942965 249 105.0 -60 81.0
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BRC360 380317 944449 281 105.0 -60 85.0
BRC361 380285 944461 281 105.0 -60 85.0

19

==> picture [596 x 77] intentionally omitted <==

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51.0

2.0

2.31
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2.0

1.18

49.0

1.0

2.25
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2.0
13.14
86.0

1.0
26.20
BRC381 380694 944144 278 105.0 -60 105.0
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2.0

1.06
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7.0

1.84

56.0

7.0

1.84
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4.0

2.61

92.0

3.0

3.27
BRC387 380501 944197 281 115.0 -60 82.0
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2.0

5.37

1.0

2.0

5.37
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2.0

1.42

48.0

2.0

1.42
BRC398 380953 944489 280 115.0 -60 102.0
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BRC401 380838 944518 280 115.0 -60 117.0 25.0
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1.79

25.0

7.0

1.79
BRC401 380838 944518 280 115.0 -60 117.0 56.0
2.0

1.53

56.0

2.0

1.53
BRC401 380838 944518 280 115.0 -60 117.0 72.0
2.0

1.84

72.0

2.0

1.84
BRC401 380838 944518 280 115.0 -60 117.0 91.0
2.0

1.74

91.0

1.0

3.23
BRC402 380796 944530 280 115.0 -60 91.0
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2.0

2.10

59.0

1.0

4.04
BRC409 380633 944990 282 115.0 -60 84.0
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BRC412 380525 945030 282 115.0 -60 85.0

20

==> picture [596 x 77] intentionally omitted <==

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2.0

2.39

17.0

1.0

4.13
BRC447 381134 944857 276 115.0 -60 121.0 95.0
3.0

0.71
BRC448 381094 944866 276 115.0 -60 133.0
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4.0

1.90

56.0

3.0

2.29
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2.0

1.61

3.0

1.0

3.14
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2.0

4.33

18.0

1.0

8.61
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2.0

1.31

65.0

1.0

2.49
BRC465 380514 943780 275 115.0 -60 56.0

21

==> picture [596 x 77] intentionally omitted <==

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2.0

2.28
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89.0

2.0

2.19
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0.85

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2.42
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2.30

56.0

2.0

2.30
BRC484 378322 942903 254 115.0 -60 105.0 66.0
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1.18

66.0

3.0

1.18
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6.23

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12.40
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2.0
11.63
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7.66

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2.0

7.66
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0.71

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0.71
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66.0

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4.03
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1.61

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2.0

1.61
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3.0

1.13

30.0

3.0

1.13
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0.98

28.0

4.0

0.98
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8.0

2.17

87.0

8.0

2.17
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1.51
108.0
1.0

3.01
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BRC504 379332 942622 263 105.0 -60 109.0 73.0
2.0

1.42

73.0

2.0

1.42
BRC505 379235 942651 263 105.0 -60 88.0
BRC506 380836 942608 267 105.0 -60 91.0
BRC507 380796 942620 268 105.0 -60 91.0
BRC508 380762 942643 269 105.0 -60 91.0
BRC509 380727 942727 270 105.0 -60 96.0 0.0
3.0

1.17

0.0

3.0

1.17
BRC510 380674 942672 271 105.0 -60 91.0 7.0
7.0

4.96

7.0

7.0

4.96
BRC511 380641 942682 272 105.0 -60 85.0 66.0
2.0

6.05

67.0

1.0
11.75
BRC512 380598 942690 274 105.0 -60 81.0
BRC513 380447 942962 283 105.0 -60 91.0
BRC514 380410 942970 286 105.0 -60 89.0
BRC515 380372 942980 287 105.0 -60 85.0

22

==> picture [596 x 77] intentionally omitted <==

BRC516 379927 942875 289 105.0 -60 103.0 84.0
2.0

6.77

85.0

1.0
13.00
BRC517 379889 942887 287 105.0 -60 113.0 13.0
3.0

1.12

13.0

3.0

1.12
BRC517 379889 942887 287 105.0 -60 113.0 102.0
3.0

2.58
103.0
2.0

3.59
BRC518 379851 942900 287 105.0 -60 109.0
BRC519 379810 942906 285 105.0 -60 105.0 1.0
7.0

0.94

1.0

7.0

0.94
BRC519 379810 942906 285 105.0 -60 105.0 91.0
3.0

2.71

92.0

2.0

3.69
BRC519 379810 942906 285 105.0 -60 105.0 99.0
3.0

2.27

99.0

3.0

2.27
BRC520 379773 942913 287 105.0 -60 95.0 1.0
4.0

0.94

1.0

3.0

1.07
BRC520 379773 942913 287 105.0 -60 95.0 58.0
2.0

2.79

58.0

2.0

2.79
BRC520 379773 942913 287 105.0 -60 95.0 79.0
2.0

3.70

79.0

2.0

3.70
BRC521 380000 942853 294 105.0 -60 80.0 19.0
4.0

0.65

19.0

4.0

0.65
BRC521 380000 942853 294 105.0 -60 80.0 74.0
2.0

1.64

74.0

2.0

1.64
BRC522 379972 942861 291 105.0 -60 94.0 74.0
2.0

4.75

74.0

2.0

4.75
BRC523 380134 942789 291 105.0 -60 82.0
BRC524 379831 942718 275 105.0 -60 97.0 20.0
5.0

1.31

20.0

5.0

1.31
BRC525 379796 942756 275 140.0 -60 100.0
BRC526 379770 942789 277 140.0 -60 67.0
BRC527 379745 942821 277 140.0 -60 87.0 8.0
4.0

1.38

8.0

4.0

1.38
BRC528 379720 942850 278 140.0 -60 89.0 1.0
4.0

1.09

2.0

2.0

1.62
BRC528 379720 942850 278 140.0 -60 89.0 9.0
2.0

1.68

10.0

1.0

3.22
BRC528 379720 942850 278 140.0 -60 89.0 15.0
2.0

1.36

16.0

1.0

2.61
BRC528 379720 942850 278 140.0 -60 89.0 45.0
3.0

1.21

45.0

3.0

1.21
BRC529 379695 942879 278 140.0 -60 85.0 9.0
5.0

1.94

9.0

5.0

1.94
BRC529 379695 942879 278 140.0 -60 85.0 33.0
3.0

3.40

33.0

3.0

3.40
BRC529 379695 942879 278 140.0 -60 85.0 67.0
13.0

1.16

67.0

13.0

1.16
BRC530 380049 942839 297 140.0 -60 102.0
BRC531 379672 942908 279 140.0 -60 85.0 2.0
3.0

2.77

2.0

1.0

7.47
BRC531 379672 942908 279 140.0 -60 85.0 83.0
2.0

1.48

83.0

1.0

2.92
BRC532 379639 942943 281 140.0 -60 85.0 1.0
2.0

0.58
BRC532 379639 942943 281 140.0 -60 85.0 62.0
2.0

1.43

63.0

1.0

2.47
BRC533 379615 942974 282 140.0 -60 94.0
BRC534 379563 943041 284 140.0 -60 85.0
BRC535 379544 943064 284 140.0 -60 91.0 46.0
2.0

1.03
BRC536 379522 943101 282 140.0 -60 94.0
BRC537 379502 943125 281 140.0 -60 85.0
BRC538 379472 943162 279 140.0 -60 85.0 0.0
4.0

3.43

0.0

4.0

3.43
BRC539 379440 943196 278 140.0 -60 58.0 0.0
7.0

2.40

0.0

7.0

2.40
BRC540 379376 943232 274 140.0 -60 71.0 15.0
2.0

1.24

15.0

1.0

2.21
BRC540 379376 943232 274 140.0 -60 71.0 32.0
2.0

3.59

32.0

2.0

3.59
BRC541 379515 943182 286 140.0 -60 85.0 0.0
8.0

3.59

0.0

8.0

3.59
BRC541 379515 943182 286 140.0 -60 85.0 20.0
2.0

1.75

20.0

2.0

1.75
BRC542 380138 942650 278 140.0 -60 76.0 11.0
2.0

1.05
BRC543 380111 942684 280 140.0 -60 88.0
BRC544 380084 942715 284 140.0 -60 97.0
BRC545 379587 943335 287 140.0 -60 82.0 77.0
5.0

1.00

77.0

5.0

1.00
BRC546 379608 943305 292 140.0 -60 67.0 50.0
11.0

1.01

50.0

4.0

2.62
BRC546 379608 943305 292 140.0 -60 67.0 57.0
4.0

1.59
BRC547 379554 943369 283 140.0 -60 115.0 65.0
2.0

1.19

65.0

2.0

1.19
BRC547 379554 943369 283 140.0 -60 115.0 76.0
6.0

1.20

76.0

5.0

1.32
BRC548 379518 943414 281 140.0 -60 127.0 14.0
2.0

2.04

14.0

2.0

2.04
BRC548 379518 943414 281 140.0 -60 127.0 66.0
6.0

0.92

66.0

5.0

0.96
BRC548 379518 943414 281 140.0 -60 127.0 109.0
2.0

3.89
109.0
2.0

3.89
BRC548 379518 943414 281 140.0 -60 127.0 120.0
4.0

1.72
120.0
4.0

1.72
BRC549 379493 943447 280 140.0 -60 99.0 1.0
2.0

1.02

23

==> picture [596 x 77] intentionally omitted <==

BRC550 379466 943477 279 140.0 -60 91.0 0.0
3.0

1.06

2.0

1.0

2.11
BRC550 379466 943477 279 140.0 -60 91.0 20.0
6.0

1.14

21.0

1.0

2.39
BRC550 379466 943477 279 140.0 -60 91.0 25.0
1.0

2.90
BRC551 379440 943509 279 140.0 -60 85.0
BRC552 379417 943539 278 140.0 -60 85.0
BRC553 379417 943226 276 140.0 -60 85.0 4.0
9.0

5.01

4.0

9.0

5.01
BRC553 379417 943226 276 140.0 -60 85.0 26.0
13.0

1.04

31.0

8.0

1.36
BRC554 379388 943257 275 140.0 -60 91.0 56.0
10.0

1.94

56.0

1.0

3.36
BRC554 379388 943257 275 140.0 -60 91.0 62.0
3.0

4.70
BRC554 379388 943257 275 140.0 -60 91.0 73.0
10.0

1.57

80.0

3.0

4.17
BRC555 379364 943288 275 140.0 -60 81.0 77.0
2.0

1.06
BRC556 379340 943320 274 140.0 -60 116.0 48.0
4.0

0.69
BRC557 379314 943349 274 140.0 -60 127.0 2.0
4.0

0.69
BRC557 379314 943349 274 140.0 -60 127.0 59.0
31.0

1.18

59.0

1.0

5.85
BRC557 379314 943349 274 140.0 -60 127.0 68.0
14.0

1.51
BRC557 379314 943349 274 140.0 -60 127.0 86.0
3.0

0.86
BRC558 379287 943380 273 140.0 -60 84.0
BRC559 379261 943411 272 140.0 -60 79.0 3.0
2.0

1.69

3.0

2.0

1.69
BRC560 379236 943440 272 140.0 -60 81.0 8.0
3.0

1.59

8.0

3.0

1.59
BRC560 379236 943440 272 140.0 -60 81.0 32.0
2.0

1.71

32.0

2.0

1.71
BRC560 379236 943440 272 140.0 -60 81.0 46.0
3.0

1.18

46.0

3.0

1.18
BRC561 379212 943473 271 140.0 -60 85.0 12.0
9.0

4.21

12.0

9.0

4.21
BRC561 379212 943473 271 140.0 -60 85.0 83.0
2.0

1.07
BRC562 379186 943503 270 140.0 -60 63.0 42.0
3.0

1.29

43.0

2.0

1.63
BRC563 379860 943315 304 140.0 -60 85.0
BRC564 379833 943348 300 140.0 -60 90.0 25.0
8.0

1.37

25.0

1.0

9.02
BRC564 379833 943348 300 140.0 -60 90.0 30.0
3.0

0.93
BRC564 379833 943348 300 140.0 -60 90.0 48.0
12.0

1.66

48.0

5.0

2.56
BRC564 379833 943348 300 140.0 -60 90.0 57.0
3.0

2.24
BRC565 379817 943368 297 140.0 -60 59.0 9.0
2.0

1.79

9.0

2.0

1.79
BRC565 379817 943368 297 140.0 -60 59.0 20.0
5.0

0.66

20.0

4.0

0.70
BRC565 379817 943368 297 140.0 -60 59.0 36.0
6.0

0.96

36.0

6.0

0.96
BRC566 379785 943414 292 140.0 -60 82.0
BRC567 379762 943446 289 140.0 -60 91.0 68.0
8.0

1.16

68.0

8.0

1.16
BRC568 379740 943471 288 140.0 -60 70.0 6.0
14.0

0.92

7.0

6.0

1.26
BRC568 379740 943471 288 140.0 -60 70.0 16.0
3.0

1.18
BRC568 379740 943471 288 140.0 -60 70.0 58.0
2.0

2.22

58.0

1.0

4.41
BRC569 380062 943062 316 140.0 -60 106.0 50.0
2.0

1.18

50.0

1.0

2.31

Section 1: Sampling Techniques and Data

JORC Code Commentary Explanation

Criteria

Nature and quality of sampling Sampling The drill data described in this report was not undertaken by PDI and is (eg cut channels, random chips, Technique historical data generated by previous explorers – Equigold, and Lihir Gold or specific specialised industry standard measurement tools Limited. The drilling appears to have been carried out in accordance with industry best practice, however sampling methods are not recorded in the appropriate to the minerals data held by PDI. under investigation, such as downhole gamma sondes, or handheld XRF instruments, Analytical certificates held by PDI indicate that analyses were generally etc). These examples should carried out by fire assay by ALS, SGS and Transworld Laboratories. not be taken as limiting the broad meaning of sampling Include reference to measures

The drill data described in this report was not undertaken by PDI and is historical data generated by previous explorers – Equigold, and Lihir Gold Limited. The drilling appears to have been carried out in accordance with industry best practice, however sampling methods are not recorded in the data held by PDI.

24

==> picture [596 x 77] intentionally omitted <==

taken to ensure sample
representivity and the
appropriate calibration of any
measurement tools or systems
used. Aspects of the
determination of mineralisation
that are Material to the Public
Report.
In cases where ‘industry
standard’ work has been done
this would be relatively simple
(eg ‘reverse circulation drilling
was used to obtain 1 m
samples from which 3 kg was
pulverised to produce a 30 g
charge for fire assay’). In other
cases more explanation may be
required, such as where there is
coarse gold that has inherent
sampling problems. Unusual
commodities or mineralisation
types (eg submarine nodules)
may warrant disclosure of
detailedinformation.
Drilling Drill type (eg core, reverse
circulation, open- hole hammer,
rotary air blast, auger, Bangka,
sonic, etc) and details (eg core
diameter, triple or standard
tube, depth of diamond tails,
face- sampling bit or other type,
whether core is oriented and if
so,bywhat method,etc).
Holes are recorded as either reverse circulation or diamond drilling. Hole
prefixes indicate the drill type I.e. DD = diamond drilling, RC = reverse
circulation.
Drill Sample
Recovery
Method of recording and
assessing core and chip
sample recoveries and
results assessed.
Measures taken to maximise
sample recovery and ensure
representative nature of the
samples.
Whether a relationship exists
between sample recovery and
grade and whether sample
bias may have occurred due
to preferential loss/gain of
fine/coarse material.
Sample recoveries are not recorded in the data held by PDI..
Logging Whether core and chip
samples have been
geologically and geotechnical
logged to a level of detail to
support appropriate Mineral
Resource estimation, mining
studies and metallurgical
studies.
Whether logging is
qualitative or
quantitative in nature.
Core (or
costean/Trench,
channel, etc)
photography.
The total length and
percentage of the relevant
intersections logged.
Geological logging appears to have been carried out systematically on all drill
holes. With some re-logging and completion of infill drilling,, PDI believes that the
drill information may be useable in a future Mineral Resource Estimate.
Sub-Sampling
Technique and
Sample
Preparation
If core, whether cut or sawn
and whether quarter, half or all
core taken. If non-core,
whether riffled, tube sampled,
rotary split, etc and whether
sampled wet or dry.
For all sample types, the
nature, quality and
appropriateness ofthe sample
Sample preparation information is not recorded in the data held by PDI.

25

==> picture [596 x 77] intentionally omitted <==

preparation technique.
Quality control procedures
adopted for all sub-sampling
stages to maximise
representivity of samples.
Measures taken to ensure that
the sampling is representative of
the in situ material collected,
including for instance results for
field duplicate/second-half
sampling. Whether sample sizes
are appropriate to the grain size
of the material beingsampled.
Quality of Assay
Data and
Laboratory Tests
The nature, quality and
appropriateness of the
assaying and laboratory
procedures used and
whether the technique is
considered partial or total.
For geophysical tools,
spectrometers, handheld XRF
instruments, etc, the
parameters used in determining
the analysis including
instrument make and model,
reading times, calibrations
factors applied and their
derivation, etc.
Nature of quality control
procedures adopted (eg
standards, blanks, duplicates,
external laboratory checks)
and whether acceptable levels
of accuracy (ie lack of bias)
and precision have been
established.
Gold analyses were undertaken in reputable laboratories using fire assay, which
is a total analytical method . No company QC data is known to PDI however
there is data for laboratory inserted blanks and reference samples.
Verification of
Sampling and
Assaying
The verification of significant
intersections by either
independent or alternative
company personnel.
The use of twinned holes The
verification of significant
intersections by either
independent or alternative
company personnel. Discuss
any adjustment to assay data
No such verification data has yet been compiled from the available historical
database. Some holes were twinned. Intersections were generally obtained at
similar depths although there is a possibility that mineralisation orientation is
oblique to the drill direction.
Location of Data
points
Accuracy and quality of
surveysused tolocate drill
holes (collar and down- hole
surveys), trenches, mine
workings and other locations
used in Mineral Resource
estimation.
Specification
of
the
grid
system used Quality and
adequacy
of
topographic
control
The database held by PDI indicates that hole collars were located by GPS.
Some hole elevations were estimated using 10m contour plans. The datum
employed is WGS84, Zone 30N.
Data Spacing
and Distribution
Data spacing for reporting of
Exploration Results
Whether the data spacing and
distribution is sufficient to
establish the degree of
geological and grade
continuity appropriate for the
Mineral Resource and Ore
Reserve estimation
procedure(s) and
classifications applied.
Whether sample compositing
has beenapplied
The drill holes are largely located on lines which are spaced 200m apart.
Hole spacings along lines are typically 40m . The line spacing is too far apart
to warrant a Mineral resource Estimate. Infill drilling between lines is required.

26

==> picture [596 x 77] intentionally omitted <==

Orientation of
Data in Relation
to Geological
Structure
Whether the orientation of
sampling achieves unbiased
sampling of possible
structures and the extent to
which this is known,
considering the deposit type.
If the relationship between the
drilling orientation and the
orientation of key mineralised
structures is considered to
have introduced a sampling
bias, this should be assessed
andreportedif material.
The orientation of drilling does not appear to have been at a high angle to dip
and strike of the mineralisation everywhere.
Sample Security The measures taken to ensure
sample security
There is no information about security of the historical samples, however
reference samples are believed to be stored securelyat a mine site.
Audits or Reviews The results of any audits or
reviews of sampling
techniques and data
No audits or reviews of sampling techniques and data have been carried
out given the reconnaissance nature of this drill program.
Section 2 Reporting of Exploration Results
Mineral
Tenement and
Land Tenure
Status
Type, reference name/number,
location and ownership
including agreements or
material issues with third
partiessuch asjoint ventures,
partnerships, overriding
royalties, native title interests,
historical sites, wilderness or
national park and
environmental settings.
The security of the tenure held
at the time of reporting along
with any known impediments
to obtaining a licence to
operate in the area.
The Wendene permit application and the Bassawa granted permit cover 800
km2area in northern Cote D’Ivoire. The agreement which PDI has entered
with XMI SARL which made the permit application and holds the Bassawa
permit is as follows:

The agreement is subject to grant of the Wendene permit, which
is expected in the next few months.

Equity in the project will be earned through a holding company in
the UK - Exploration and Mining Investments Limited (EMIL).

On grant of Wendene, PDI will invest £27,000 (Approximately
A$58,000) into EMIL and obtain 15% of that company.

PDI will have an exclusive right for six months to raise capital to
progress the project. This capital may be provided in part or in
whole by PDI or third party investors arranged by PDI.

Subject to completion of a successful initial capital raising of at
least £500,000 within 6 months of the grant of Wendene,
Predictive will have the first right of refusal to raise funds into
EMIL for two years from the date of grant.

Predictive’s team will manage exploration of the project.
There are no national parks over the permits.
The Wendene permit will only be secure once the application has been
granted by the Council of Ministers of Cote D’Ivoire. This is expected in a
few months from the date of this release.
Exploration Done
by Other Parties
Acknowledgment and
appraisal of exploration
byotherparties.
Extensive work which was carried out by Equigold and Lihir Gold Limited is
reported here.
Geology Deposit type, geological
setting and style of
mineralisation.
The permit lies within the southern extension of the volcano-sedimentary
Hounde Belt in Burkina Faso. The rocks are also intruded by granites and
diorites.
The mineralisation is interpreted as a variant of the orogenic gold
mineralisation style, which is known throughout the Birimian Belt of West
Africa.
Drill Hole
Information
A summary of all information
material to the understanding of
the exploration results including
a tabulation of the following
information for all Material drill
holes:

easting and northing of
the drill hole collar

elevation or RL (Reduced
Level – elevation above
sea level in metres) of the
drill hole collar

dip and azimuth of the hole

down hole length and
interception depth
See Table 1 and the accompanying notes in these tables.

27

==> picture [596 x 77] intentionally omitted <==


hole length

If the exclusion of this
information is justified on
the basis that the
information is not Material
and this exclusion does
not detract from the
understanding of the
report, the Competent
Person should clearly
explain why this is the
case.
Data
Aggregation
Methods
In reporting Exploration
Results, weighting averaging
techniques, maximum and/or
minimum grade truncations
(eg cutting of high grades) and
cut-off grades are usually
Material and should be stated.
Where aggregate intercepts
incorporate short lengths of
high grade results and longer
lengths of low grade results, the
procedure used for such
aggregation should be stated
and some typical examples of
such aggregations should be
shown in detail.
The assumptions used for any
reporting of metal equivalent
values should be clearly stated.
Drill sampling was generally either in one metre or two metre composite
intervals. No top cuts have been applied to exploration results
Up to 4m (down-hole) of internal waste is included for results reported at a 0.5g/t
Au cut-off grade and of up to 2m for results reported at a 0.75g/t Au cut-off grade.
Mineralised intervals are reported on a weighted average basis.
Only plus 2g x m intervals are reported here.
Relationship
Between
Mineralisation
Widths and
Intercept Lengths
These relationships are
particularly important in the
reporting of Exploration Results
If the geometry of the
mineralisation with respect to
the drill hole angle is known,
its nature should be reported.
If it is not known and only the
down hole lengths are
reported, there should be a
clear statement to this effect
(eg ‘down hole length, true
width not known’).
True widths have not been estimated as there is considerable uncertainty
about the orientation of mineralised zones.
Diagrams Appropriate maps and sections
(with scales) and tabulations of
intercepts should be included
for any significant discovery
being reported These should
include, but not be limited to a
plan view of drill hole collar
locations and appropriate
sectional views.
Appropriate plans and sections are included with this document
(Figures 3 to 7).
Balanced Reporting Where comprehensive
reporting of all Exploration
Results is not practicable,
representative reporting of
both low and high grades
and/or widths should be
practiced to avoid misleading
reporting of Exploration
Results.
Comprehensive reporting of the drill results is provided in Table 1.
Other
Substantive
Exploration
Data
Other exploration data, if
meaningful and material,
should be reported including
(but not limited to): geological
observations; geophysical
survey results; geochemical
survey results; bulk samples –
size and method of treatment;
metallurgical test results;
bulk density, groundwater,
geotechnical and rock
There is no other known exploration data which is relevant to the results
reported in this release.

28

==> picture [596 x 77] intentionally omitted <==

characteristics; potential
deleterious or contaminating
substances.
Further Work The nature and scale of
planned further work (eg tests
for lateral extensions or large
scale step out drilling.
Diagrams clearly highlighting the
areas of possible extensions,
including the main geological
interpretations and future drilling
areas, provided this information
is not commerciallysensitive.
Planned work includes geological mapping, re-logging of drill holes,
metallurgical testwork and infill drilling after the Wendene permit has been
granted.

TABLE 2 – HISTORICAL SOIL SAMPLING RESULTS

Sample
numbers
Northing
(WGS84-
30N)
Easting
(WGS84 –
30N)
RL Hole
dips
Azimuth Hole Depth From Interval Au (ppb)
9246 samples
with numerous
prefixes e.g.
BBE, BBS, BKS,
BLS, BNS, BSB,
BTF, BTN, BTS,
BWD, BWS,
LGW.
Refer to
Figures 3, 8
and 9 for map
locations of all
samples
Refer to
Figures 3, 8
and 9 for map
locations of
all samples
See
notes
Not
relevant
to the
samples
described
in this
report
Not
relevant
to the
samples
described
in this
report
Soil samples are not known. Not
relevant
to the
samples
described
in this
report
Not
relevant
to the
samples
described
in this
report
See notes
and Figures
3, 8 and 9
Notes: Soil sampling is a reconnaissance exploration technique. Detailed of the soil sampling methods utilised by Equigold and
Lihir Gold Limited are not completely recorded in the data held by PDI, however the database does indicate that nearly all of
the samples were sieved. Recorded analytical techniques are both fire assay and aqua regia gold. RL ranges are not known for
the Bassawa permit and are recorded to range from 218m to 341m in the Wendene permit application. Individual RLs are not
reported in this announcement because theyare not relevant to interpreting geochemical data of this type.

Section 1: Sampling Techniques and Data

Section 1: Sampling Techniques and Data Section 1: Sampling Techniques and Data Section 1: Sampling Techniques and Data
Criteria
Sampling Technique
JORC Code
Explanation
Commentary
Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as
downhole gamma sondes, or handheld
XRF instruments, etc). These examples
should not be taken as limiting the
broad meaning of sampling Include
reference to measures taken to ensure
sample representivity and the
appropriate calibration of any
measurement tools or systems used.
Aspects of the determination of
mineralisation that are Material to the
Public Report.
In cases where ‘industry standard’ work
has been done this would be relatively
simple (eg ‘reverse circulation drilling
was used to obtain 1 m samples from
which 3 kg was pulverised to produce a
30 g chargefor fire assay’). Inother
The sampling described in this report refers samples obtained
from the Wendene exploration permit application area and the
Bassawa exploration permit in Cote D’Ivoire.
Depth of soil sampling is not known but thought to be shallow
(<=0.5m).

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cases more explanation may be
required, such as where there is coarse
gold that has inherent sampling
problems. Unusual commodities or
mineralisation types (eg submarine
nodules) may warrant disclosure of
detailedinformation.
Drilling Drill type (eg core, reverse circulation,
open- hole hammer, rotary air blast,
auger, Bangka, sonic, etc) and details
(eg core diameter, triple or standard
tube, depth of diamond tails, face-
sampling bit or other type, whether core
is oriented and if so, by what method,
etc).
This is not relevant to a soil sampling program.
Drill Sample Recovery Method of recording and assessing
core and chip sample recoveries and
results assessed.
Measures taken to maximise sample
recovery and ensure representative
nature of the samples.
Whether a relationship exists between
sample recovery and grade and
whether sample bias may have
occurred due to preferential loss/gain
of fine/coarse material.
This is not relevant to a soil sampling program.
Logging Whether core and chip samples have
been geologically and geotechnical
logged to a level of detail to support
appropriate Mineral Resource
estimation, mining studies and
metallurgical studies.
Whether logging is qualitative or
quantitative in nature. Core (or
costean/Trench, channel, etc)
photography.
The total length and percentage of the
relevant intersections logged.
Log descriptions of the soils are not held by PDI.
Sub-Sampling
Technique and Sample
Preparation
If core, whether cut or sawn and
whether quarter, half or all core taken.
If non-core, whether riffled, tube
sampled, rotary split, etc and whether
sampled wet or dry.
For all sample types, the nature, quality
and appropriateness of the sample
preparation technique.
Quality control procedures adopted for
all sub-sampling stages to maximise
representivity of samples.
Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for instance
results for field duplicate/second-half
sampling. Whether sample sizes are
appropriate to the grain size of the
material beingsampled.
Sieving of soil samples is a standard appropriate method.

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Quality of Assay Data
and Laboratory Tests
The nature, quality and
appropriateness of the assaying and
laboratory procedures used and
whether the technique is considered
partial or total.
For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations
factors applied and their derivation, etc.
Nature of quality control procedures
adopted (eg standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (ie lack of bias) and precision
have been established.
The analytical method used had variable detection limits (2-10ppb)
which are acceptable for samples in this area because of the very
tenor of the target soil anomalies.
Verification of
Sampling and
Assaying
The verification of significant
intersections by either independent or
alternative company personnel.
The use of twinned holes The
verification of significant intersections
by either independent or alternative
company personnel. Discuss any
adjustment to assay data
This is not relevant to a soil sampling program.
Location of Data points Accuracy and quality of surveysused
tolocate drill holes (collar and down-
hole surveys), trenches, mine workings
and other locations used in Mineral
Resource estimation.
Specification of the grid system used
Quality and adequacy of topographic
control
Coordinates shown on the locality maps (Figures 3,8,9) are for
Universal Transverse Mercator (UTM), Datum WGS 84, Zone 30 -
Northern Hemisphere.
Data Spacing and
Distribution
Data spacing for reporting of Exploration
Results
Whether the data spacing and
distribution is sufficient to establish the
degree of geological and grade
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications
applied.
Whether sample compositing has been
applied
The soil sampling grids were very variable ranging from
ranging from 200 x 50m to 2km x 200m. No Mineral
Resource can be estimated from these data.
Orientation of Data in
Relation to Geological
Structure
Whether the orientation of sampling
achieves unbiased sampling of
possible structures and the extent to
which this is known, considering the
deposit type.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
The samples were collected along lines which were appears to
have been designed to cross cut strike.
Sample Security The measures taken to ensure sample
security
Location of the samples is not known. It is assumed that they
no longer exist.
Audits or Reviews The results of any audits or reviews
of sampling techniques and data
No audits or reviews of sampling techniques and data have
been carried out given the reconnaissance nature of this
explorationprogram.
Section 2 Reporting of Exploration Results

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Mineral Tenement and
Land Tenure Status
Type, reference name/number, location
and ownership including agreements or
material issues with third partiessuch
asjoint ventures, partnerships,
overriding royalties, native title
interests, historical sites, wilderness or
national park and environmental
settings.
The security of the tenure held at the
time of reporting along with any known
impediments to obtaining a licence to
operate in the area.
The Wendene permit application and the Bassawa granted
permit cover 800 km2area in northern Cote D’Ivoire. The
agreement which PDI has entered with XMI SARL which made
the permit application and holds the Bassawa permit is as
follows:

The agreement is subject to grant of the Wendene
permit, which is expected in the next few months.

Equity in the project will be earned through a
holding company in the UK - Exploration and
Mining Investments Limited (EMIL).

On grant of Wendene, PDI will invest £27,000
(Approximately A$58,000) into EMIL and obtain
15% of that company.

PDI will have an exclusive right for six months to
raise capital to progress the project. This capital
may be provided in part or in whole by PDI or third
party investors arranged by PDI.

Subject to completion of a successful initial capital
raising of at least £500,000 within 6 months of the
grant of Wendene, Predictive will have the first
right of refusal to raise funds into EMIL for two
years from the date of grant.

Predictive’s team will manage exploration of the
project.
There is no national park over the area.
The Wendene permit will only be secure once the application
has been granted by the Council of Ministers of Cote D’Ivoire.
Thisis expectedinafew monthsfromthe date ofthisrelease.
Exploration Done by
Other Parties
Acknowledgment and appraisal of
exploration by other parties.
Extensive work which was carried out by Equigold and Lihir
GoldLimitedisreportedhere.
Geology Deposit type, geological setting and
style of mineralisation.
The permit lies within the southern extension of the volcano-
sedimentary Hounde Belt in Burkina Faso. The rocks are also
intruded by granites and diorites.
The mineralisation is interpreted as a variant of the orogenic
gold mineralisation style, which is known throughout the
Birimian Belt of WestAfrica.
Drill Hole Information A summary of all information material to
the understanding of the exploration
results including a tabulation of the
following information for all Material drill
holes:

easting and northing of the drill
hole collar

elevation or RL (Reduced Level –
elevation above sea level in
metres) of the drill hole collar

dip and azimuth of the hole

down hole length and interception
depth

hole length

If the exclusion of this information
is justified on the basis that the
information is not Material and
this exclusion does not detract
from the understanding of the
report, the Competent Person
should clearly explain why this is
the case.
This is not relevant to a soil sampling program. Sample
coordinate information is provided on the maps included in this
release.
Data Aggregation
Methods
In reporting Exploration Results,
weighting averaging techniques,
maximum and/or minimum grade
truncations (eg cutting of high grades)
and cut-off grades are usually Material
and should be stated.
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation
This is not relevant to a soil sampling program.

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should be stated and some typical
examples of such aggregations should
be shown in detail.
The assumptions used for any reporting
of metal equivalent values should be
clearly stated.
Relationship Between
Mineralisation Widths
and Intercept Lengths
These relationships are particularly
important in the reporting of Exploration
Results
If the geometry of the mineralisation
with respect to the drill hole angle is
known, its nature should be reported.
If it is not known and only the down
hole lengths are reported, there should
be a clear statement to this effect (eg
‘down hole length, true width not
known’).
This is not relevant to a soil sampling program.
Diagrams Appropriate maps and sections (with
scales) and tabulations of intercepts
should be included for any significant
discovery being reported These should
include, but not be limited to a plan
view of drill hole collar locations and
appropriate sectional views.
Appropriate plans showing the locations of the soil
samples, classified by results, are shown in this release.
Balanced Reporting Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low
and high grades and/or widths should
be practiced to avoid misleading
reporting of Exploration Results.
Results from all assayed soil samples have been reported.
Other Substantive
Exploration Data
Other exploration data, if meaningful
and material, should be reported
including (but not limited to): geological
observations; geophysical survey
results; geochemical survey results;
bulk samples – size and method of
treatment; metallurgical test results;
bulk density, groundwater, geotechnical
and rock characteristics; potential
deleterious or contaminating
substances.
The relevant historical exploration data is reported in this
release.
Further Work The nature and scale of planned further
work (eg tests for lateral extensions or
large scale step out drilling.
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future
drilling areas, provided this information is
not commerciallysensitive.


Planned work includes geological mapping, re-logging of drill
holes, metallurgical testwork and infill drilling after the Wendene
permit has been granted. Reconnaissance follow-up of soil
anomalies will also be conducted on the Bassawa permit.

Predictive Discovery Limited (PDI) was established in late 2007 and listed on the ASX in December 2010. The Company is focused on exploration for gold in West Africa. The Company’s major focus is in Burkina Faso, West Africa where it has assembled a substantial regional ground position totalling 1,605km[2] and is exploring for large, open-pittable gold deposits. Exploration in eastern Burkina Faso has yielded a large portfolio of exciting gold prospects, including the high grade Bongou gold deposit on which a resource estimate was calculated in September 2014. PDI also has interests in a strategic portfolio of tenements in Côte D’Ivoire covering a total area of 1,533 km[2] .

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Competent Persons Statement

The exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr Paul Roberts (Fellow of the Australian Institute of Geoscientists). Mr Roberts is a full time employee of the company and has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Roberts consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

For further details please contact:

Paul Roberts Ric Moore Managing Director Company Secretary Tel: +61 402 857 249 Tel: +61 8 6143 1840 Email: Email: [email protected] [email protected]

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