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PREDICTIVE DISCOVERY LIMITED Capital/Financing Update 2021

Feb 10, 2021

65537_rns_2021-02-10_271b841e-9a5d-4d0e-afc5-924549fb9f60.pdf

Capital/Financing Update

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HIGH GRADE DRILL RESULTS EXTEND BANKAN CREEK GOLD DISCOVERY TO NORTH

Predictive Discovery Limited (ASX: PDI, Predictive or the Company) is pleased to announce results from three additional Diamond Drill (DD) holes from the Bankan Gold Project, located in Guinea.

HIGHLIGHTS

Bankan Creek

  • New drilling shows that Bankan Creek gold mineralisation extends at least 160m north along strike, with widths of 50 to 100m on three drill sections, and remains open to the north, south and at depth.
  • Several high-grade gold intercepts within multiple, wide zones intersected on two new drill sections. Better results include:

BCKDD0002 – Overall intercept of 40m @ 3.0g/t Au from 104m including:

  • 7m @ 10.2g/t Au from 104m, including 5m @ 14.2g/t Au
  • 15m @ 2.7g/t Au from 118m

BCKDD0003

21.5m @ 1.1g/t Au from 60m

BCKDD0004

  • 22.8m @ 2.6g/t Au from 10m, including 9.2m @ 5.9g/t Au
  • 11m @ 4.6g/t Au from 62m
  • New drilling re-affirms potential for a significant gold mineralised body at Bankan Creek which could add substantially to the Bankan Project Mineral Resource Estimate, expected mid-2021.
  • Results awaited for two more diamond holes, and additional drilling is planned to continue scoping out the size potential at Bankan Creek.

Bankan Project Auger Drilling

  • Regional power auger drilling continues to identify additional saprolite-hosted gold mineralisation with best recent intercepts of 3m @ 7.3g/t from 4m and 11m @ 1.4g/t from 4m.
  • 698 auger holes, totalling 11,496m, completed so far in the Bankan-2 program across and north of the area between Bankan West and NE Bankan.

Page 1 of 19

Predictive Discovery Managing Director, Paul Roberts, commented:

"We are very pleased that the Bankan Creek gold mineralisation is extending to the north, as we had hoped, with shallow, wide, high-grade gold intersected. With more drilling planned to the north, south and at depth, we believe that the mineralised footprint and strike at Bankan Creek will continue to grow and should make a material contribution to our planned Bankan Mineral Resource Estimate.

This new drilling is consistent with previous results obtained to the south including holes KKODD0201 and BCKDD0001, both of which contained high grade gold intervals. We look forward to receiving the results of the two remaining holes."

Figure 1 – Bankan Project, Bankan Creek Prospect drill plan with new results overlain on previously completed AC, RC and DD drilling

These results continue to enhance the Company's confidence in the potential of the Bankan Creek gold prospect. As these holes were drilled from WSW to ENE, the results provide an indication of the true widths of the mineralisation on this prospect as well as confirmation of the presence of shallow and high-grade mineralisation to the north. Having the benefit of both shallow and high-grade gold mineralisation bodes well for

1 ASX release, 13 October 2020 - 92M AT 1.9g/t GOLD-DIAMOND DRILLING EXPANDS BANKAN PROJECT https://www.investi.com.au/api/announcements/pdi/d858335b-e93.pdf

a future mining operation and suggests Bankan Creek has clear potential to be a strong contributor to the broader Bankan Project.

Hole BCKDD0002 builds on previous high-grade intercepts from hole KKODD020 which was drilled 80m to the SSE and intersected 91.6m at 1.9g/t Au including 16m at 4.0g/t Au1 . BCKDD0002 intersected broad widths of gold mineralisation with an overall intersection of 40m @ 3.0g/t Au including 7m at 10.2g/t Au and 15m at 2.7g/t gold (Figure 2) north of the KKODD020 intercept. This new intersection confirms the strike continuity of the gold mineralisation which remains open downdip.

Further step out drilling to the west is planned to test the down dip extent of the mineralisation (Figures 1 and 2).

Figure 2 – Bankan Creek Cross Section through drillhole BCKDD002 overlain on previous AC & RC drilling

Holes BCKDD0003 and 4 were drilled on the next section to the north, 160m NNW of KKODD020. Both holes intersected broad zones of shallow gold mineralisation with impressive higher-grade intervals in BCKDD004, including 9.2m at 5.9 g/t Au from 22.8m and 10m at 5.0g/t Au from 63m (Figure 3). This confirms 160m of known gold-

mineralised strike length so far at Bankan Creek, with mineralisation open at depth and along strike to both the north and south.

Figure 3 - Bankan Creek Cross Section through drillhole BCKDD003, 4 & 5 overlain on previous AC & RC drilling

Hole BCKDD0005 (Figure 3) was collared 80m west of BCKDD0003 and targeted the mineralisation down dip. These results are pending and will deliver further insights into the orientation and dip of the gold system once results are received.

A full list of significant intercepts can be found in Table 1.

POWER AUGER DRILL UPDATE

Power auger drilling has been in progress since October last year. Initial drilling was on an 80m x 80m grid after which the grid was changed to 320m x 80m to expand coverage over the target area more cost effectively. The focus to date has been to search for gold mineralisation in the area between Bankan West, Bankan Creek and NE Bankan with some drilling directly to the north of NE Bankan (Figure 4).

Page 4 of 19

Results reported in this release are from 429 holes totalling 7,064m. Planned hole depths were mostly 20m although some holes were drilled deeper where thick cover was suspected. It should be noted that a significant number of holes could not penetrate through to target depths because of drilling difficulties.

The location of auger coverage is shown on Figure 4. Better results included:

  • KKOAU1213: 3m at 7.35g/t Au from 4m
  • KKOAU1288: 11m at 1.35g/t Au from 4m

• KKOAU1222 : 11m at 0.75g/t Au from 4m

Figure 4 – North-East Bankan Prospect, power auger drilling showing locations and colour-coded assay ranges for composite samples from 4m to end of hole.

Results of this new drilling has indicated that the more prospective areas for new gold mineralisation lie north and south of the previously known prospects - NE Bankan, Bankan Creek and Bankan West.

Some auger holes only obtained reportable gold grades near the end, suggesting that a layer of transported sediment underlies the laterite over part of the project area. This suggests that an unknown number of the holes may have produced "false negative" results (i.e. barren holes overlying concealed saprolite gold mineralisation). Follow-up

exploration with a deeper drilling method is therefore required at all locations where low-grade gold mineralisation has been obtained in the auger holes.

Power Auger Background

Much of the Bankan Project remains untouched by exploration with the Company undertaking a strategy aimed at substantially growing the auger-defined gold footprint across the Bankan Project. Combined with aeromagnetics and electrical geophysical surveys, the ongoing auger programs will seek to explore the entire 358km2 Bankan Project area.

Power auger drilling is a proven exploration method having been key to the discovery of NE Bankan and Bankan Creek deposits which have underpinned the company's growth to date. It is also a rapid and cost-effective exploration method for the collection of bedrock samples below tracts of lateritic and transported cover.

At the Bankan Project, shallow transported cover and limited artisanal workings make power auger drilling a quick and cost-effective tool for greenfields gold discovery.

The drill program was undertaken by two contractors – ADS and Sahara Mining Services. The samples were assayed at the SGS and Bureau Veritas laboratories respectively in Bamako, Mali and Abidjan, Cote D'Ivoire. Further details relating to the power auger drilling can be found in Table 2.

NEXT STEPS

The drill focus has now moved to the NE Bankan prospect where the three RC/DD/AC rigs are actively drilling along strike and at depth to outline the NE Bankan gold deposit more fully. Once this is complete, one of the rigs will return to Bankan Creek to drill additional holes along strike to the north and south.

Power auger in-fill drilling is now being carried out, testing around the better grade intercepts on an 80m x 80m grid, with a view to defining contiguous zones of saprolitehosted gold mineralisation for later aircore follow up. Given that some of the initial auger holes may not have drilled deeply enough to reach the saprolite, all power auger intercepts of greater than 0.25g/t Au will be followed up with aircore later in the Bankan-2 drill program.

Airborne magnetic and radiometrics surveys have now commenced on two PDI projects in Guinea - Bankan and Koundian (Figure 5). The Koundian survey should be completed in approximately one week after which the helicopter-borne magnetic/radiometric system will move to Bankan to obtain coverage of the entire project area. Following interpretation of the results, this survey will be used to target future auger drilling and other exploration over the entire Bankan Project area.

TABLE 1 – BANKAN CREEK DIAMOND DRILL RESULTS

Hole No. Prospect UTM 29NEast UTM 29NNorth RL(GPS) Holeazimuth Holedip Holedepth 0.25g/t gold cut-off0.5g/t gold cut-off Comments
From Interval Au From Interval Au g/t
(est. g/t (est.
true true
widths) widths)
BCKDD0002 Bankan 393412 1174079 378 60 -50 254.3 26.0 0.6 1.05 26.0 0.6 1.05
Creek (0.5) (0.5)
33.0 11.5 0.47 35.0 2.0 1.37
(10.1) (1.8)
78.8 1.2 3.79 78.8 1.2 3.79
(1.1) (1.1)
90.0 8.0 0.68 90.0 6.2 0.81
(7.0) (5.4)
104.0 7.0 10.22 104.0 5.0 14.19
(6.2) (4.4) Overall intercept:
118.0 15.0 2.69 118.0 13.8 2.89 40.0m @ 2.97g/t Au
(13.2) (12.1) from 104.0m
137.7 6.3 0.85 138.3 5.7 0.90
(5.5) (5.0)
160.0 6.7 0.53 160.5 5.2 0.59
(5.9) (4.6)
BCKDD0003 Bankan 393371 1174150 378 60 -50 188.5 59.5 21.5 1.07 61.0 5.0 1.48
Creek (19.3) (4.5)
68.8 12.2 1.21
(11.0)
87.0 3.0 0.51 87.0 3.0 0.51
(2.7) (2.7)
96.8 7.5(6.7) 1.26 96.8 6.2(5.6) 1.45
107.7 3.3 0.69 107.7 1.0 1.55
(3.0) (0.9)
129.0 1.0 2.28 129.0 1.0 2.28
(0.9) (0.9)
141.0 4.0 0.55 141.0 4.0 0.55
(3.6) (3.6)
184.0 2.6 0.74 184.0 0.8 1.97
(2.3) (0.7)
BCKDD0004 Bankan 393453 1174184 378 60 -50 141 10.2 22.8 2.61 10.2 1.1 1.24
Creek (19.7) (1.0) No sample 0 to 10.2m
22.8 9.2 5.92 Includes 2.2m@
(8.0) 19.1g/t Au from 22.8m
36.0 6.2 0.59 36.0 6.2 0.59
57.0 2.0 1.12 57.5 1.5 1.36
62.0 11.0 4.60 63.0 10.0 5.03
(7.5) (6.9)

TABLE 2 – POWER AUGER RESULTS – BANKAN PROJECT

Hole Northing Easting RL Hole Azimuth Hole Depth From Interval Au (ppb)
numbers (WGS84- (WGS84 – dips
29N) 29N)
KKOAU0888 – Refer to Figure Refer to See All Not The holes were 4-31m Not Not See notes
1316 (429 4 for sample Figure 4 for notes vertical relevant deep with an average relevant to relevant and Figure
holes totalling locations sample to depth of 16.5m. Many the to the 4 for
7,064m) locations vertical holes stopped short of samples samples colour
holes the target depth because described described coded
they encountered wet in this in this composite
samples at shallow report report gold value
depths intervals
Notes: Power auger drilling is carried out with a 4WD mounted auger rig capable of drilling vertical holes up to
approximately 30m deep. The target depth on this drill program was 20m. Up to 5 samples were collected in 4m intervals

and assayed for gold. The prepared drill samples were sent to the SGS laboratory in Bamako, Mali for pulverisation and fire assay gold analysis. Reported (colour coded) results are for a calculated length-weighted composite starting from a depth of 4m (the average thickness of the laterite – which is partly transported) to the end of each hole. The RL range for the power auger grid in this area is 388-418m. Individual RLs are not reported in this announcement because they are not relevant to interpreting auger drill data of this type.

Predictive advises that it is not aware of any new information or data that materially affects the exploration results contained in this announcement.

This announcement is authorised for release by Predictive's Managing Director, Paul Roberts.

For further information please contact:

Paul Roberts Managing Director

Tel: +61 402 857 249 Email: [email protected]

Competent Persons Statement

The exploration results reported herein 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.

Page 8 of 19

Previously released ASX Announcements related to the Bankan Project include:

  • Outstanding, wide gold intercept grows Bankan at depth [28 Jan 2021]
  • 92m at 1.9g/t gold diamond drilling expands Bankan Project [13 Oct 2020]
  • NE Bankan gold deposit grows with more strong drill results [25 Sept 2020]
  • Additional permits along strike from flagship Bankan Project [17 Sept 2020]
  • 55m at 2.94g/t gold-broad true widths confirmed at Bankan [10 Sept 2020]
  • NE Bankan now 1.6km long with possible parallel gold zone [3 Sept 2020]
  • Bankan Creek gold zone further expanded [27 Aug 2020]
  • Strong wide gold intercepts from Bankan Creek and NE Bankan [19 Aug 2020]
  • Outstanding high-grade gold results from NE Bankan, Guinea [7 Aug 2020]
  • Diamond drilling confirms gold at depth at NE Bankan, Guinea [31 Jul 2020]
  • Impressive 1st RC drill results grow NE Bankan discovery [17 Jul 2020]
  • NE Bankan discovery guinea extended 30% to 1.3km in length [30 Jun 2020]
  • Kaninko auger results double gold-mineralised strike length [27 May 2020]
  • Final drill results, Bankan Creek, Kaninko Project, Guinea [30 Apr 2020]
  • 44m at 2.06g/t gold from Bankan Creek, Kaninko, Guinea [27 Apr 2020]
  • Outstanding drill results from new gold discovery in Guinea [15 Apr 2020]

ABOUT PREDICTIVE

The Company's primary focus is the 100%-owned Bankan Project, located in Guinea's Siguiri Basin, which hosts AngloGold's large Siguiri Mine (+10Moz). In April 2020, the Company made a greenfields gold discovery on its Kaninko permit, now known as the Bankan Project.

Bankan comprises 4 tenements - Kaninko, Saman, Argo and Bokoro – a 358km2 project land package with no previous drilling undertaken. A 25,000-meter drilling program is currently underway. The Company aims to deliver an initial resource in mid-2021.

Page 9 of 19

Figure 5 – Predictive Discovery 100%-owned Guinea Portfolio of gold projects

TABLE 3 - JORC CODE QUESTIONNAIRE – DIAMOND DRILLING Section 1: Sampling Techniques and Data Criteria JORC Code Explanation Commentary Sampling Technique Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurementtools 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 measurestaken to ensure sample representivity and the appropriate calibration of any measurementtools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been Samples assayed were cut drill core. Core was cut in half with a core saw where competent and with a knife in soft saprolite in the upper sections of the diamond drill holes. Sampling was supervised by qualified geologists. Samples were dried, crushed and pulverised at the SGS laboratory in Bamako to produce a 50g fire assay charge.

Page 10 of 19

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 inherentsampling
problems. Unusual
commodities or
mineralisation types(eg
submarine nodules) may
warrant disclosure of detailed
information.
Drilling Drill type (eg core, reverse Drill type is a dedicated diamond drill rig collecting PQ, HQ and NQ
circulation, open- hole core
hammer, rotary air blast,
auger, Bangka,sonic, etc) and
details (eg core diameter,
triple or standard tube, depthof diamond tails, face
sampling bit or other type,
whether core is oriented and
if so, by what method, etc).
Drill Sample Method of recording and Drill core:
Recovery assessing core and chipsample recoveries and Sample recoveries were measured in the normal way for diamond drill
results assessed. core. Core recoveries were generally excellent except for the saprolite
Measurestaken to where some core loss was experienced owing to clayey core being washed
maximise sample recovery out in the diamond drilling process. Given that most of these saprolite
and ensure representative core loss zones were obtained in mineralised intervals, grade is probably
nature of the samples. underestimated in those sections as zones of core loss are assumed tocontain no gold.
Whether a relationship
exists between sample Significant sample bias is not expected with cut core.
recovery and grade and
whethersample bias may Sample recoveries were in general high and no unusual measures were
have occurred due to taken to maximise sample recovery.
preferential loss/gain offine/coarse material.
Logging Whether core and chipsamples have been All drill samples were logged systematically for lithology, weathering,alteration, veining, structure and minor minerals. Minor minerals were
geologically and estimated quantitively. A core orientation device was employed enabling
geotechnical logged to a orientated structural measurements to be taken.
level of detail to support
appropriate Mineral
Resource estimation,mining studies and
metallurgicalstudies.
Whether logging is
qualitative or
quantitative in nature.
Core (orcostean/Trench,
channel, etc)
photography.
The total length and
percentage of the relevant
Sub-Sampling intersectionslogged.If core, whether cut or sawn The diamond drill samples were collected by longitudinally splitting
Technique and and whether quarter, half or
Sample all core taken. If non-core, core using a core saw or a knife where core was very soft and clayey.
Preparation whether riffled, tube Half of the core was sent off to the laboratory for assay. The sampling
sampled, rotary split, etc method is considered adequate for a diamond drilling program of this
and whether sampled wetor dry. type.
For all sample types, the
nature, quality and
appropriateness of the
sample preparation
technique.
Quality control proceduresadopted for all sub-sampling
stagesto maximise
representivity of samples.Measurestaken to ensure thatthe sampling is representative

Page 11 of 19

of the in situ materialcollected, including for instanceresults for fieldduplicate/second-halfsampling. Whethersamplesizes are appropriate to thegrain size of the material beingsampled.
Quality of AssayData andLaboratory Tests The nature, quality andappropriateness of theassaying and laboratoryprocedures used andwhether the technique isconsidered partial or total. All samples were assayed by SGS technique FAA505 for gold with adetection limit of 5ppb Au. All samples with gold values exceeding 10g/tAu were re-assayed using SGS method FAA515 with a detection limit of0.01g/t Au.
For geophysical tools,spectrometers, handheld XRFinstruments, etc, the Field duplicates, standards and blank samples were each submitted forevery 15 samples on a rotating basis.
parameters used indetermining the analysisincluding instrumentmake Diamond core duplicates were obtained by cutting the half core sampleinto two quarter core samples. As samples are not homogenised somevariation is expected.
and model, reading times,calibrations factors appliedand their derivation, etc.Nature of quality control Duplicate and standards analyses were all returned were withinacceptable limits of expected values.
procedures adopted (egstandards, blanks, duplicates,external laboratory checks)and whether acceptablelevels of accuracy (ie lack ofbias) and precision have
been established.
Verification ofSampling andAssaying The verification ofsignificant intersections byeither independent oralternative companypersonnel.The use of twinned holesThe verification ofsignificant intersections byeither independent oralternative companypersonnel. Discuss anyadjustment to assay data At this stage, the intersections have not been verified independently.No twin holes were drilled in the holes reported here but some drillinghas been done previously sufficiently close to a previously drilled holesto provide confirmation of the location of mineralisation. SpecificallyKKODD002 was drilled close to Air Core Hole KKOAC001 anddemonstrated that that similar, consistent gold mineralisation waspresent in the near surface.
Location of Datapoints Accuracy and quality ofsurveys used to locate drillholes (collar and down- hole Drill hole collar locations were recorded at the completion of each holeby hand-held GPS.
surveys), trenches, mineworkings and other locationsused in Mineral Resource Positional data was recorded in projection WGS84 Zone 29N.
estimation.Specification of thegridsystem used Quality and Hole locations will be re-surveyed using a digital GPS system atcompletion of program.
adequacy oftopographiccontrol
Data Spacing Data spacing for reporting of The diamond drill holes were designed to explore the gold mineralised
and Exploration Results system in fresh rock on 80m spaced sections.
Distribution Whether the data spacing
and distribution is sufficient The adequacy of the current drill hole spacing for Mineral Resource
to establish the degree ofgeological and grade estimation is not yet known as an appropriate understanding of
continuity appropriate for mineralisation continuity has not yet been established
the Mineral Resource and
Ore Reserve estimation
procedure(s) and
classifications applied.
Whethersample compositing
has been applied
Orientation ofData in Whether the orientationof sampling achieves Based on the results of earlier DD holes, the gold mineralisation appears
Relation to unbiased sampling of to be striking NNW and dipping steeply to the WSW. The drill holes are
Geological possible structures and therefore orientated correctly, approximately at right angles to strike and
Structure the extent to which this is dip.
known, considering thedeposit type.
If the relationship betweenthe drilling orientation and

Page 12 of 19

the orientation of key
mineralised structuresis
considered to haveintroduced a sampling bias,
this should be assessed and
reported if material.
Sample Security The measurestaken to Core trays and RC chips are stored in a guarded location close to the
ensure sample security nearby Bankan Village. Coarse rejects and pulps will be eventually
recovered from SGS in Bamako and stored at Predictive's field office
in Kouroussa.
Audits or Reviews The results of any audits orreviews of sampling No reviews or audits of sampling techniques were conducted.
techniques and data
Section 2 Reporting of Exploration Results
Mineral Type, reference The Kaninko Reconnaissance Authorisation was granted to a
Tenement and name/number, location and Predictive subsidiary in Guinea in June 2019. It was converted to an
Land Tenure ownership including Exploration Permit in early October 2019. It is 100% owned by
Status agreements or materialissues with third partiessuch Predictive.
as joint ventures,
partnerships, overriding
royalties, native title
interests, historicalsites,wilderness or national park
and environmental settings.
The security of the tenure
held at the time of reportingalong with any known
impedimentsto obtaining a
licence to operate in the
area.
ExplorationDone by Other Acknowledgment and Predictive is not aware of any significant previous gold exploration over
Parties appraisal of exploration the permit.
by other parties.
Geology The geology of the Kaninko permit consists of felsic intrusives
Deposit type, geologicalsetting and style of including granite and tonalite, with mafic to intermediate volcanics
mineralisation. and intrusives. Metasediments including marble, chert and schists
have also been observed.
Drill HoleInformation A summary of all informationmaterial to the understanding See Table 1 and the accompanying notes in these tables.
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 andinterception depth
•hole length
•If the exclusion of this
information is justified
on the basisthat the
information is notMaterial and this
exclusion does not
detract from the
understanding of the
report, the CompetentPerson should clearly
explain why this is the
case.
Data In reporting Exploration Diamond drill sampling was generally in one metre intervals.
AggregationMethods Results, weighting averagingtechniques, maximum
and/or minimum grade Up to 2m (down-hole) of internal waste is included for results reported at
truncations(eg cutting of both the 0.25g/t Au and 0.5g/t Au cut-off grades.
high grades) and cut-off

Page 13 of 19

grades are usually Materialand should be stated.Where aggregate interceptsincorporate short lengths ofhigh grade results and longerlengths of low grade results,the procedure used for suchaggregation should be statedand some typical examples ofsuch aggregationsshould beshown in detail.The assumptions used for anyreporting of metal equivalentvaluesshould be clearlystated. Mineralised intervals are reported on a weighted average basis.
RelationshipBetweenMineralisationWidths andIntercept Lengths These relationships areparticularly important in thereporting of ExplorationResultsIf the geometry of themineralisation with respectto the drill hole angle isknown, its nature should bereported. If it is not knownand only the down holelengths are reported, thereshould be a clearstatement to this effect (eg'down hole length, truewidth not known'). True widths have only been estimated for the three west to eastdiamond drill holes. The overall orientation of mineralised zones onthe other drilled lines is not yet properly understood.
Diagrams Appropriatemaps andsections (with scales) andtabulations of interceptsshould be included for anysignificant discovery beingreported These shouldinclude, but not be limited toa plan view of drill hole collarlocations and appropriatesectional views. An appropriate map and cross sections are included in thisrelease (Figures 1-3).
BalancedReporting Where comprehensivereporting of all ExplorationResultsis not practicable,representative reporting ofboth low and high gradesand/or widthsshould bepracticed to avoidmisleading reporting ofExploration Results. Comprehensive reporting of the drill results is provided in Table 1.
OtherSubstantiveExplorationData Other exploration data, ifmeaningful and material,should be reported including(but not limited to):geological observations;geophysicalsurvey results;geochemicalsurvey results;bulk samples – size andmethod of treatment;metallurgical test results;bulk density, groundwater,geotechnical and rockcharacteristics; potentialdeleterious or contaminatingsubstances. All other exploration data on this area has been reported previously byPDI.
Further Work The nature and scale ofplanned further work (egtests for lateral extensions orlarge scale step out drilling.Diagrams clearly highlightingthe areas of possibleextensions, including the maingeological interpretations andfuture drilling areas, providedthis information is notcommercially sensitive. These results form part of a large ongoing program of RC and diamonddrilling. Geological studies will continue to be conducted tocharacterise the gold mineralisation going forward.

Page 14 of 19

TABLE 3 - JORC CODE QUESTIONNAIRE – POWER AUGER DRILLING

Section 1: Sampling Techniquesand Data
Criteria JORC CodeExplanation Commentary
Sampling Technique Nature and quality of sampling (egcut channels, random chips, orspecific specialised industrystandard measurementtoolsappropriate to the minerals underinvestigation,such as downholegamma sondes, or handheld XRFinstruments, etc). These examplesshould not be taken as limiting thebroad meaning of samplingInclude reference to measurestaken to ensure samplerepresentivity and the appropriatecalibration of any measurementtools or systems used. Aspects ofthe determination ofmineralisation that are Material tothe Public Report.In cases where 'industry standard'work has been done this would berelatively simple (eg 'reversecirculation drilling was used toobtain 1 m samples from which 3kg was pulverised to produce a 30g charge for fire assay'). In othercases more explanation may berequired, such as where there iscoarse gold that has inherentsampling problems. Unusualcommodities or mineralisationtypes(eg submarine nodules) maywarrant disclosure of detailedinformation. The sampling described in this report refers to power auger drill samples.In all the power auger drill holes reported here, 2kg composite samples werecollected for every 4m downhole. The samples were submitted for fire assay goldanalysis at the SGS and Bureau Veritas laboratories in Bamako and Abidjanrespectively.
Drilling Drill type (eg core, reversecirculation, open- hole hammer,rotary air blast, auger, Bangka,sonic, etc) and details (eg corediameter, triple or standard tube,depth of diamond tails, facesampling bit or other type,whether core is oriented and if so,by what method, etc). The power drilling was carried out using 4WD-mounted power auger rigs.
Drill Sample Recovery Method of recording andassessing core and chip samplerecoveries and results assessed.Measures taken to maximisesample recovery and ensurerepresentative nature of thesamples.Whether a relationship existsbetween sample recovery andgrade and whethersample biasmay have occurred due topreferential loss/gain offine/coarse material. Sample recovery is not assessed for power auger drilling as it is a geochemicalmethod. In general, however, recoveries are good because the hole has to be clearedby the screw-type rods in order for the drill rods to advance downwards.

Logging Whether core and chip sampleshave been geologically andgeotechnical logged to a level ofdetail to support appropriateMineral Resource estimation,mining studies and metallurgicalstudies.Whetherlogging isqualitative or quantitativein nature. Core (orcostean/Trench, channel,etc) photography.The total length and percentageof the relevantintersectionslogged. None of these samples will be used in a Mineral Resource estimation. Nonetheless,all power auger holes were geologically logged in a qualitative fashion.
Sub-SamplingTechnique andSample Preparation If core, whether cut or sawn andwhether quarter, half or all coretaken. If non-core, whetherriffled, tube sampled, rotarysplit, etc and whether sampledwet or dry.For all sample types, the nature,quality and appropriateness of thesample preparation technique.Quality control proceduresadopted for all sub-samplingstagesto maximise representivityof samples.Measures taken to ensure that thesampling is representative of the insitu material collected, including forinstance results for fieldduplicate/second-halfsampling.Whethersample sizes areappropriate to the grain size of thematerial being sampled. Each 4 m interval in the composite interval was subsampled using a scoop. Thesample is considered sufficiently representative of the drilled material in ageochemical drilling program.
Quality of Assay Dataand Laboratory Tests The nature, quality andappropriateness of theassaying and laboratoryprocedures used and whetherthe technique is consideredpartial or total.For geophysicaltools,spectrometers, handheld XRFinstruments, etc, the parametersused in determining the analysisincluding instrument make andmodel, reading times, calibrationsfactors applied and theirderivation, etc.Nature of quality controlprocedures adopted (egstandards, blanks, duplicates,external laboratory checks) andwhether acceptable levels ofaccuracy (ie lack of bias) andprecision have been established. The analytical method used was a fire assay fire method with a 5ppb Audetection limit which is appropriate for a geochemical drilling program.No company standards or blanks were added to the sample batch. Based on thelaboratories' own standard results, the analytical results are judged to be suitablefor a geochemical drilling program.
Verification ofSampling andAssaying The verification of significantintersections by eitherindependent or alternativecompany personnel.The use of twinned holes Theverification of significantintersections by eitherindependent or alternativecompany personnel. Discuss anyadjustmentto assay data Hole twinning is not normally practised with power auger drilling.
Location of Datapoints Accuracy and quality of surveysused to locate drill holes (collarand down- hole surveys),trenches, mine workings andother locations used in MineralResource estimation. Collar locations were located using a hand held GPS with a location error of +/-3m.Collar coordinates referenced in the table are for Universal Transverse Mercator(UTM), Datum WGS 84, Zone 29 - Northern Hemisphere.

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Specification of the grid systemused Quality and adequacy oftopographic control
Data Spacing andDistributionOrientation ofData in Relation toGeologicalStructure Data spacing for reporting ofExploration ResultsWhetherthe data spacing anddistribution is sufficienttoestablish the degree of geologicaland grade continuity appropriatefor the Mineral Resource and OreReserve estimation procedure(s)and classifications applied.Whethersample compositing hasbeen appliedWhetherthe orientation ofsampling achieves unbiasedsampling of possible structuresand the extent to which this isknown, considering thedeposit type. Power auger holes were located on 320m x 80m and 80m x 80m grids.This type of drilling is not appropriate for the calculation of any MineralResource estimate.Most of the reported power auger holes are located on east-west lines 320mapart based on the known N-S orientation of the NE Bankan mineralisationand the NNW-SSE orientation of the Bankan Creek mineralisation.
If the relationship between thedrilling orientation and theorientation of key mineralisedstructuresis considered to haveintroduced a sampling bias, thisshould be assessed and reportedif material.
Sample Security The measurestaken to ensuresample security Reference samples are stored at PDI's sample store in Kouroussa, Guinea.
Section 2 Reporting of Exploration Results
Mineral Tenementand Land TenureStatus Type, reference name/number,location and ownership includingagreements or material issueswith third partiessuch as jointventures, partnerships, overridingroyalties, native title interests,historicalsites, wilderness ornational park and environmentalsettings.The security of the tenure held atthe time of reporting along withany known impedimentstoobtaining a licence to operate inthe area. The Kaninko Reconnaissance Authorisation was granted to a Predictive subsidiaryin Guinea in June 2019. It was converted to an Exploration Permit in early October2019.The Saman Reconnaissance Authorisation was granted to a Predictive subsidiary inGuinea in October 2019. It was converted to an Exploration Permit in June 2020.Both permits are 100% owned by Predictive.
Exploration Doneby Other Parties Acknowledgment andappraisal of exploration byother parties. Predictive is not aware of any significant previous gold exploration over thepermit.
Geology Deposittype, geologicalsetting and style ofmineralisation. The geology of the Saman and Kaninko permits consists of mafic volcanics andintrusives, and granitic rocks.
Drill Hole Information A summary of all informationmaterial to the understanding ofthe exploration resultsincluding atabulation of the followinginformation for all Material drillholes: The required information is provided in Table 1.
•easting and northing ofthe drill hole collar
•elevation or RL (ReducedLevel – elevation above sealevel in metres) of the drillhole collar
•dip and azimuth of the hole•down hole length and
interception depth•hole length

•If the exclusion of thisinformation is justified onthe basis that theinformation is not Materialandthis exclusion does notdetract from theunderstanding of thereport, the CompetentPerson should clearlyexplain why this is thecase.
Data AggregationMethods In reporting Exploration Results,weighting averaging techniques,maximum and/or minimumgrade truncations(eg cutting ofhigh grades) and cut-off gradesare usually Material and shouldbe stated.Where aggregate intercepts No weighted average or truncation methods were used for the power auger results.No cut-off grade was applied in the average grade calculation.
incorporate short lengths of highgrade results and longer lengths oflow grade results, the procedureused for such aggregation shouldbe stated and some typicalexamples of such aggregationsshould be shown in detail.The assumptions used for any
reporting of metal equivalentvaluesshould be clearly stated.
Relationship BetweenMineralisation Widthsand Intercept Lengths These relationships areparticularly importantin thereporting of Exploration Results True widths cannot be estimated for the power auger drill results as theorientation of the underlying weathered rocks is not known.
If the geometry of themineralisation with respect tothe drill hole angle is known, itsnature should be reported. If itis not known and only the down
hole lengths are reported, thereshould be a clear statementtothis effect (eg 'down hole length,true width not known').
Diagrams Appropriate maps and sections(with scales) and tabulations ofintercepts should be included forany significant discovery beingreported These should include,but not be limited to a plan viewof drill hole collar locations andappropriate sectional views. An appropriate map is provided in Figure 4.
Balanced Reporting Where comprehensive reportingof all Exploration Resultsis notpracticable, representativereporting of both low and highgrades and/or widthsshould bepracticed to avoid misleadingreporting of Exploration Results. All results are reported in Table 1.
OtherSubstantiveExploration Data Other exploration data, ifmeaningful and material, shouldbe reported including (but notlimited to): geologicalobservations; geophysicalsurveyresults; geochemicalsurveyresults; bulk samples – size andmethod of treatment;metallurgicaltest results;bulk density, groundwater,geotechnical and rockcharacteristics; potentialdeleterious or contaminatingsubstances. Apart from the previously reported surface soil samples and the AC/RC/DD drillresults, there are no other exploration data which are relevant to the resultsreported in this release.
Further Work The nature and scale of plannedfurther work (eg tests for lateral Power auger and AC drilling will be carried out to follow up the results reported inthis release.

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 commercially sensitive.

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