Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

PREDICTIVE DISCOVERY LIMITED Capital/Financing Update 2022

Sep 28, 2022

65537_rns_2022-09-28_86660860-cc6e-4b48-8afc-0ee08900c67b.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

29 September 2022

HIGH-GRADE GOLD 200M BELOW NE BANKAN’S 3.9MOZ RESOURCE PITSHELL Near-mine results continue to demonstrate Bankan’s upside

20

Predictive Discovery Limited (ASX:PDI) (“Predictive” or “Company”) is pleased to announce new infill Diamond Drill (DD) and Reverse Circulation (RC) results from the 3.9Moz (inferred mineral resource) NE Bankan deposit as well as near-mine Air Core (AC) and power Auger (AG) within 3 kms of the 4.2Moz Au (inferred mineral resource) Bankan Gold Project[1] .

The latest drilling results are in line with the Company’s stated strategy of adding to and improving the quality of the current resource at the Bankan Gold Project.

The deeper DD results 200m below the current NE Bankan pitshell demonstrate further continuity of gold mineralisation and grade outside of the current resource, whilst the shallower grade control RC results will be used to determine the ultimate drill spacing required to convert the current inferred resource to the indicated category with modelling for this to be completed in October 2022.

The near-mine AC and AG drilling results, all within 3kms of the current NE Bankan and Bankan Creek discoveries, have provided additional shallow and near-term deposit targets that have potential to add additional resource ounces to the Bankan Gold Project.

The drilling results in this statement include a total of 1,266 holes for 42,877m, drilled between April to end of August 2022 for the AG and AC drilling, and from 1 August to mid-September 2022 for the DD and RC drilling. The metres are split as follows:

Drill type
# Holes		 # Metres
Locality
DD 6 holes 3,022m NE Bankan
RC 77 holes 6,181m NE Bankan
AC 109 holes 5,312m <3km NE Bankan
AG 1,074 holes 28,362m <3km NE Bankan

NE Bankan - Diamond Drilling

  • Infill results from six DD-holes totalling 3,022 metres, including hole BNEDD0129W2, which returned wide zones of high-grade gold more than 200 metres below the 3.9Moz Resource pit shell (Fig. 1). Better results include:

1 ASX Announcement - 4.2Moz Bankan Gold Resource (1st August 2022)

  • BNEDD0127: 22m @ 2.41g/t Au from 68m, and

  • 7m @ 7.11g/t Au from 166m

  • BNEDD0128: 17m @ 1.69g/t Au from 582m

  • BNEDD0129W2: 30.52m @ 3.55g/t Au from 723, incl.

  • 9m @ 7.98g/t Au , and

  • 16m @ 6.14g/t Au from 832m, and

  • 7.6m @ 3.17g/t Au from 887

  • BNEDD0130: 28m @ 1.26g/t Au from 229, and

  • BNEDD0131: 1m @ 60.2g/t Au from 30m, and 15m @ 1.75 g/t Au from 133m

  • BNEDD0132: 22.8m @ 3.52g/t Au from 404m, incl. 6m @ 7.48g/t Au from 412m, and 14m @ 1.58 g/t from 430m, and 8m @ 1.81g/t Au from 502

NE Bankan - Reverse Circulation Drilling

  • Highlights from the RC Grade Control include:

  • BNERC0209: 28m @ 3.31 g/t Au from 33m

  • BNERC0241: 45m @ 2.31g/t Au from 2m

  • BNERC0243: 42m @ 2.04 g/t Au from 33m

  • • BNERC0245: 27m @ 4.51g/t Au from 8m • BNERC0246: 18m @ 4.98 g/t Au from 6m

NE Bankan - Diamond Drilling Detailed

Bankan currently has an inferred Mineral Resource of 79.5 million tonnes at 1.63g/t Au for 4.2 million ounces of gold[2] . Drilling at NE Bankan is targeting the plunge extension of the high-grade shoot and upgrading the resource classification to indicated.

There are currently 10 active drill rigs on site with four Diamond, two multipurpose Diamond/Reverse Circulation, one Reverse Circulation, one Air Core and two Power Auger drill rigs, all conducting various resource development and exploration programs across the Bankan Project.

2 ASX Announcement - 4.2Moz Bankan Gold Resource (1st August 2022)

Page 2 of 46

DD-Hole BNEDD0129W2 intersected first 30.52m @ 3.55g/t Au from 723, incl. 9m @ 7.98g/t Au on the current Resource hanging-wall shear zone (STMZ) and further with additional 16m @ 6.14 g/t Au on a new second, footwall high-grade shear zone (ST3Z) - see Figure 3.

DD-Hole BNEDD0129W2 links on plunge the deepest intercept to date in BNEDD0113 of 24m @ 5.5 g/t incl. 11m @ 10.3 g/t with the deepest intercept in the last Mineral Resource Estimate (1 August 2022), BNEDD0119A of 30m @ 3.43 g/t incl 11m @ 6.22 g/t Au .

The ST3Z structure may not have been intercepted by BNEDD0113, opening up multiple lode potential at depth within the plunging high-grade shoot. DD-Hole BNEDD0129W2 intercepts lie 225 metres down-plunge from the current US$1,800/oz pit shell, with BNEDD0113 375 metres down-plunge.

DD-Hole BNEDD0132 intersected 22.8m @ 3.52g/t Au from 404.2m incl. 6m @ 7.18 g/t Au from 412m, 14m @ 1.58 g/t Au from 430m and 8m @ 1.81g/t Au from 502m. The intercept of 22.8m @ 3.52g/t occurs immediately below the main resource host, the hanging-wall STMZ and pushes the southern limit of the 150GM solid a further 40 metres southward.

Additional drilling has been planned up-dip and south along strike to follow-up on this strong intercept. At the northern limit of the up-plunge NE Bankan shoot, holes BNEDD0130 and BNEDD0131 were drilled to define the structural architecture of the resource and investigate the robustness of the grade continuity up-plunge within the pit shell (see Figures 1 & 2).

Results indicate that Section 1175340N represents the northern margin of the NE Bankan shoot and, whilst within the pit shell, DD metres will be focused on the southern generative margin of the NE Bankan high-grade shoot.

Detailed results and a complete explanation of the methods followed in drilling and assaying the reported holes can be found in Tables 1-2 and Figures 1-8.

Commenting on the latest drilling results Managing Director Andrew Pardey:

“The drill results reported today are a combination of targeting the high-grade zone beneath the NE Bankan optimised resource pit shell, combined with the RC grade control drilling program adding to and improving the quality of Bankan’s 4.2Moz inferred Resource.

Also included is AC and Auger drilling, targeting potential nearby ‘feeder’ deposits. The Company’s understanding of Bankan’s rich geology has accelerated substantially with ten active drill rigs on site, up from four at the beginning of the year.

Results to date correlate with our geological model of the orebodies discovered to date, whether it be the shallow oxide or the high-grade zone extending well below the current NE Bankan optimised resource pit shell.

We remain on track to deliver on the 60,000m RC and DD campaigns and have commenced the work on the detailed Scoping Study due to be completed in the second half of 2023.”

Page 3 of 46

29 September 2022

==> picture [585 x 395] intentionally omitted <==

Figure 1 – NE Bankan, Long-Section view, with new Diamond Drill holes BNEDD0127- BNEDD0131 (red callouts), including BNEDD0129W2 which intersected gold mineralisation more than 200m below the 3.9Moz Resource pit shell. Also shown is the deepest Diamond Drill hole completed to date (BNERD113 – blue callout).

==> picture [590 x 383] intentionally omitted <==

Figure 2 – NE Bankan Drill Plan, including new Diamond Drill and Reverse Circulation Drilling results (red callouts) overlain previous results and high-grade zone, including the deepest Diamond Drill hole completed to date (BNERD113 blue callout).

Page 5 of 46

==> picture [662 x 379] intentionally omitted <==

Figure 3 - Section 1174820N (+20mN/- 60mS) with new diamond drillhole BNERD0129W2.

Page 6 of 46

29 September 2022

Core Photography for BNEDD0129W2 (739 - 754m)

• Intercept: 30.52m @ 3.55 g/t incl. 9m @ 7.98 g/t

==> picture [518 x 464] intentionally omitted <==

----- Start of picture text -----

Hole_ID From To Int Au g/t
739 740 1 5.76
740 741 1 11.10
741 742 1 2.80
742 743 1 0.76
743 744 1 27.90
744 745.05 1.05 7.19
745.05 746.42 1.37 1.62
BNEDD0129W2 746.42 747.2 0.78 9.87
747.2 748 0.8 2.04
748 749 1 1.09
749 749.75 0.75 0.67
749.75 750.52 0.77 1.12
750.52 752 1.48 1.39
752 753 1 6.69
753 754 1 3.44
Figure 4 - Section 1174820N
BNEDD129W2 Cut Core Photo with
annotated assays 739.6m to 753.52m.
27.90g/t
----- End of picture text -----

Figure 5 - Section 1174820N BNEDD129W2 Cut core high-grade specimens - +4% Py +/- Cpy + Chlorite + Albite + Silica +/- Feldspar +/- Biotite.

Core Photography for BNEDD0129W2 (832 - 848m)

  • Intercept: 16m @ 6.14 g/t

==> picture [361 x 360] intentionally omitted <==

==> picture [148 x 151] intentionally omitted <==

----- Start of picture text -----

Hole_ID From To Int Au g/t
832 833 1 1.34
833 834 1 2.06
834 835 1 0.34
835 836 1 13.10
836 837 1 2.31
837 838 1 19.80
BNEDD0129W2
838 839 1 18.80
839 840 1 5.09
840 841 1 1.53
841 842 1 0.11
842 843 1 0.14
843 844 1 5.97
----- End of picture text -----

Figure 6 - Section 1174820N BNEDD129W2 Cut Core Photo with annotated assays 825.3m to 843.27m.

Page 8 of 46

29 September 2022

==> picture [623 x 407] intentionally omitted <==

Figure 7 - Section 1174860N (+20mN/- 60mS) with new diamond drillhole BNEDD0132.

==> picture [602 x 390] intentionally omitted <==

Figure 8 - Section 1175100N (+20mN/- 60mS) with new diamond drillhole BNEDD0127.

Page 10 of 46

29 September 2022

Reverse Circulation Drilling

  • Results from 77 RC-holes (totalling 6,181m) of the dedicated 10m x 10m angled grade control program (BNERC0166-BNERC0276 reported) at NE Bankan (see Figure 1), investigating the shortrange variability of the high-grade mineralisation within the upper fresh and oxide horizons of the main shoot.

  • The results from this drill program will be used to determine the required drill spacing required to be able to convert the current inferred resource to the indicated category and provide input into the scoping study now underway. Better results include:

    • BNERC0168: 25m @ 1.36g/t Au from 44m

    • BNERC0169: 20m @ 1.84g/t Au from 38m

    • BNERC0184: 21m @ 3.66g/t Au from 59m

    • BNERC0185: 42m @ 1.03g/t Au from 26m

    • BNERC0186: 23m @ 1.29g/t Au from 55m

    • BNERC0187: 26m @ 1.25g/t Au from 47m

  • BNERC0188: 34m @ 1.28g/t Au from 50m

  • • BNERC0189: 5m @ 8.08g/t Au from 50m, and

  • 20m @ 1.27g/t Au from 58m

    • BNERC0199: 7m @ 6.27g/t Au from 58m, and

  • 10m @ 3.67g/t Au from 70m

    • BNERC0200: 31m @ 1.11g/t Au from 36m

    • BNERC0201: 13m @ 2.78g/t Au from 64m

  • BNERC0202: 11m @ 2.31g/t Au from 24m

  • • BNERC0203: 24m @ 1.50g/t Au from 19m, and 18m @ 2.11g/t Au from 46m

  • • BNERC0206: 23m @ 1.54g/t Au from 21m

  • • BNERC0208: 13m @ 2.21g/t Au from 33m, and

  • 15m @ 1.70g/t Au from 51m • BNERC0209: 28m @ 3.31g/t Au from 33m

  • • BNERC0211: 11m @ 4.13g/t Au from 66m

  • • BNERC0212: 11m @ 2.94g/t Au from 69m

  • • BNERC0213: 18m @ 2.14g/t Au from 62m

  • • BNERC0214: 23m @ 1.19g/t Au from 22m

  • • BNERC0216: 23m @ 1.10g/t Au from 38m

  • • BNERC0217: 31m @ 2.03g/t Au from 48m

  • • BNERC0218: 30m @ 1.06g/t Au from 4m

  • • BNERC0219: 10m @ 0.62g/t Au from 70m

  • • BNERC0221: 17m @ 3.37g/t Au from 2m

  • • BNERC0222: 17m @ 1.79g/t Au from 18m

  • BNERC0223: 17m @ 3.16g/t Au from 29m, and

  • 7m @ 4.81g/t Au from 50m

  • BNERC0224: 24m @ 1.69g/t Au from 37m

  • • BNERC0225: 7m @ 4.14g/t Au from 53m

  • • BNERC0228: 48m @ 1.38g/t Au from 0m • BNERC0232: 17m @ 1.69g/t Au from 6m

  • BNERC0233: 32m @ 1.13g/t Au from 4m

  • • BNERC0241: 45m @ 2.31g/t Au from 2m

  • • BNERC0242: 21m @ 1.23g/t Au from 27m

  • • BNERC0243: 42m @ 2.04g/t Au from 6m

  • • BNERC0244: 24m @ 1.72g/t Au from 3m

  • BNERC0245: 27m @ 4.51g/t Au from 8m

  • • BNERC0246: 18m @ 4.98g/t Au from 33m

  • • BNERC0247: 38m @ 1.93g/t Au from 40m

  • • BNERC0249: 31m @ 1.42g/t Au from 25m

  • • BNERC0250: 12m @ 2.56g/t Au from 45m

  • • BNERC0251: 35m @ 1.25g/t Au from 37m

  • BNERC0252: 34m @ 1.26g/t Au from 43m

  • BNERC0271: 23m @ 1.49g/t Au from 4m

  • BNERC0272: 19m @ 2.21g/t Au from 6m

  • BNERC0273: 12m @ 4.59g/t Au from 2m

  • BNERC0275: 16m @ 2.39g/t Au from 6m, and

  • 8m @ 8.23g/t Au from 25m

RC program location can be seen in Figure 2 with a full list of results available in Table 2.

REGIONAL/NEAR-MINE EXPLORATION

Aircore Results

  • AC drilling focused on the 800W, NEB South and NEB North prospect areas with 109 shallow AC holes (BKAC0278-BKAC386) totalling 5,312 metres (Fig. 9).

800W Prospect

  • BKAC0290: 50m @ 0.58g/t Au from 0m (mineralised to EOH)

  • BKAC0285: 12m @ 1.24g/t Au from 28m

NEB S Prospect

  • BKAC0340: 20m @ 1.34g/t Au from 30m

Page 12 of 46

NEB N Prospect

  • BKAC0308: 14m @ 1.67g/t Au from 18m

==> picture [529 x 303] intentionally omitted <==

Figure 9 – NE Bankan, summary plan of the latest air core results from near-mine Exploration, overlain aeromagnetic survey – Bankan Creek pitshell is also shown 3km to the West.

Several significant intercepts were reported from this last phase of aircore, namely 50m @ 0.58 g/t, 12m @1.24 g/t and 14m @ 0.96 g/t. The 800W prospect has a 250-metre core of oxide mineralisation (Fig. 10-11) with the second phase of air core drilling reorientated 160-340[o] , orthogonal to the interpreted NE070[o] strike of the 800w mineralised structures, from previous results.

Page 13 of 46

==> picture [453 x 287] intentionally omitted <==

Figure 10 - 800W Prospect, Air Core results overlain previous drilling.

==> picture [448 x 275] intentionally omitted <==

Figure 11 - 800W prospect, AC drill section.

Recent air core and infill auger results from NE Bankan-South reinforce the anomalism associated with the interpreted southern strike extension of the NE Bankan fault system.

Page 14 of 46

The NE Bankan-North prospect is located 600m north on strike from the last drill section from NE Bankan (Fig. 12). Recent air core results confirm the presence of the NE Bankan-style mineralisation on exactly the same structural setting within the tonalite.

==> picture [529 x 305] intentionally omitted <==

Figure 12 - Section 1179640N (+20mN/- 60mS) NEB North Prospect, with new AC holes overlain previous drilling.

Power Auger Results

Reported below are the last 1,074 auger holes from the current regional exploration program across the Bankan Project (Fig. 13). Totalling 28,362 metres of power auger drilling, the program was focused on the main prospects between the NE Bankan and Bankan Creek resources areas (Holes BKAU2222 to BKAU3592) and investigating the prospectivity of the NE Bankan Footwall (NE Bankan FW).

Other prospects targeted were NE Bankan South (NEB S), NE Bankan West (NEB W), 800W and NE Bankan North, Bankan Creek East (BCK E) and the newly developing Main Contact Anomaly (MCTA), formerly referred to as Bankan Creek North.

Page 15 of 46

The most significant power auger results from this batch are:

NEB FW

  • BKAU3295: 10m @ 10.53g/t Au from 18m

800W South

  • BKAU2596: 24m @ 1.92g/t Au from 4m

Main Contact Anomaly

  • BKAU2657: 10m @ 4.34g/t Au from 20m

Bankan Creek East

  • BKAU3172: 10m @ 1.33g/t Au from 4m

==> picture [529 x 304] intentionally omitted <==

Figure 13 - A summary plan of the latest auger results from Bankan Exploration.

NE Bankan Footwall (Detailed)

Infill auger drilling around the eastern footwall of the NE Bankan shear zone has picked up gold anomalism along the main Mafic Basalt-Tonalite contact east of the current pit shell with 10m @ 10.53g/t Au and 6m @ 1.3g/t Au defining the auger signature of potential mineralisation on the contact heading south-west along the interpreted strike extension (Fig. 14).

Page 16 of 46

==> picture [529 x 297] intentionally omitted <==

Figure 14 - Section 1174620N (+20mN/- 60mS) NEB Footwall prospect with new power auger Intercepts overlain previous drilling.

NE Bankan West and Bankan Creek East (Detailed)

A number of significant auger intercepts have been reported from the NEB West and Bankan Creek East areas in this last auger survey, namely 28m @ 1.92g/t Au (800WS), 10m @ 3g/t Au (NEB W), 10m @ 1.33g/t Au (BCK E), 26m @ 0.88g/t Au (BCK E) and 14m @ 0.67g/t Au (NEB S).

The auger results correspond to major breaks and contacts in the magnetics which are interpreted as significant fault structures controlling the auger anomalism. These recent auger results reinforce the importance of the primary NE-SW faulting on gold deposition.

Main Contact Anomaly (Detailed)

Recent infill auger results have consolidated a concept for a new E-W prospect called the Main Contact Anomaly, previously called Bankan Creek North, with highlights including 10m @4.34 g/t Au, 9m @ 1.65g/t Au and 7m @ 1.16g/t Au.

Incorporating all auger and aircore results to date we observe a 2.2km generative zone of anomalism associated with the interpreted margins of a subjacent intrusive (Fig. 15).

Subsequent auger infill will focus on consolidating the anomalism and developing a geological model from surface mapping and prospecting.

Page 17 of 46

==> picture [529 x 284] intentionally omitted <==

Figure 15 – Main Contact Anomaly, power auger drilling overlain previous drilling and regional aeromag.

Detailed results and a complete explanation of the methods followed in drilling and assaying the reported holes can be found in Tables 3-4 and Figures 8-15.

NEXT STEPS

NE Bankan Diamond and Reverse Circulation Drilling

Diamond Drill Programs

  • Based on the variography of the detailed 10m x 10m grade control block, the Company will design a new NE Bankan Resource drill program, expected to deliver a high conversion of Resources from inferred to indicated categories.

  • 6 DD rigs remain on double shift, a second EDM2000 deep hole rig is expected Q4 2022.

RC Drill Program

  • The final 3,916 metres of the NE Bankan Resource RC drilling program is expected to be completed during October 2022.

  • Bankan Creek - 1,280 metres RC drilling is expected to be completed Q1 2023 (Dry season).

Page 18 of 46

Regional and Near-Mine Exploration Program

Near-Mine Air Core Program

  • Develop and test the near-resource surface prospects “in the shadow of the current resources”. Infill air core sections linking NE Bankan North southward to join with the NE Bankan northern pit mineralisation.

Power Auger Program

  • Continue the northern regional target generation auger program grids post-wet season, commencing in November 2022 with a 4-auger rig roll-out on the main NNW trending structure.

  • Continue with near-resource anomaly infill auger patterns surrounding and consolidating each of the major trends and point anomalies identified in this last phase of auger drilling.

  • Prioritise extensions to existing prospects including NEB FW, NEB N, NEB S, BCK NE, BCK SW and the MCTA.

Regional Ground Geophysics

  • Utilise the recently completed Gradient Array Induced Polarisation and Pole-Dipole Array data to target the northern strike extension of NE Bankan and N BCK fault systems.

  • Plan new GAIP grids on known mineralised settings to help devise 3D geological setting models and lead subsequent auger and air core drilling.

  • Investigate the Main Contact Anomaly with GAIP and prospect mapping to develop a structural model and infill further auger drilling to consolidate a clearer target for air core drilling.

  • Complete a combined GAIP + ground gravity survey in the dry season, covering the main Archean-Birimian basin margin transfer, which hosts the Main Contact Anomaly, map the contact architecture and develop a 4D model to focus further auger and multi-vector multielement geochemical and spectral alteration exploration.

- END –

This announcement is authorised for release by Predictive Managing Director, Andrew Pardey.

For further information visit our website at www.predictivediscovery.com or contact:

Andrew Pardey Managing Director E: [email protected]

Bobby Morse/Ariadna Peretz - Buchanan Media Enquiries E: [email protected] P: +44 (0) 20 7466 500

Page 19 of 46

COMPETENT PERSONS STATEMENT

The exploration results reported herein are based on information compiled by Mr Norm Bailie. Mr Bailie 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 Bailie consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

COMPLIANCE STATEMENT

Predictive advises that it is not aware of any new information or data that materially affects the previous exploration results or mineral resource estimate contained in this announcement and all material assumptions and technical parameters underpinning the mineral resource estimate continue to apply and have not materially changed.

About the Bankan Gold Project

The Bankan gold camp is situated in north-east Guinea, West Africa (Fig. 16). The project is 550km by road from Guinea’s capital Conakry within the region of Upper Guinea (Haute-Guinée) and is near the regional administrative centre of Kouroussa.

The Bankan project area covers 356km[2] in four exploration permits, Kaninko, Saman, Bokoro and Argo. Three permits are held by wholly owned subsidiaries of Predictive Discovery Limited. The fourth, Argo, is held in a joint venture with the owners of local company Argo Mining SARLU, through which the company has the right to acquire 100% equity at decision-to-mine.

Geologically, the Bankan gold camp lies in the south-western portion of the Siguiri Basin, a component of the early Proterozoic Birimian orogenic belt in north-eastern Guinea. The Siguiri Basin is largely composed of turbiditic sediments with lesser mafic volcanics and minor felsic intrusives. The geology in the immediate Bankan area consists of shelf sedimentary rocks (conglomerates, sandstones, shales and limestones), mafic volcanics and intrusives and felsic intrusives, the latter generally ranging from tonalite to quartz diorite in composition.

Page 20 of 46

==> picture [509 x 454] intentionally omitted <==

Figure 1611 - Predictive Discovery’s Bankan Gold Project, located in Guinea’s Siguiri Basin, close to large regional mines and deposits.

Page 21 of 46

TABLE 1 – DIAMOND DRILLING RESULTS (NE BANKAN)

Hole No. Prospe
ct		 UTM
29N
East		 UTM
29N
North		 RL
(GPS)		 Hole
azimu
th		 Hole
dip		 Hole
depth		 0.5g/t gold cut 0.5g/t gold cut -off
From Interva
l		 Au g/t GM Comments
BNEDD0127 Bankan
NE		 396711.6 11750
99		 430.681 88.84 -57.24 266.9 41.90 1.50 1.03 2
56.90 3.00 0.62 2
68.90 22.10 2.41 53 22.1m @ 2.41 g/t
94.30 7.50 2.20 17
105.00 15.00 1.08 16
134.00 1.00 0.54 1
141.00 2.00 3.61 7
152.00 1.00 1.11 1
166.00 7.00 7.11 50 7m @ 7.11 g/t
181.00 1.00 0.89 1
186.00 2.00 1.34 3
191.00 2.00 0.56 1
201.00 2.00 0.74 1
214.00 1.00 1.79 2
219.00 1.60 0.83 1
225.00 1.00 0.60 1
BNEDD0128 Bankan
NE		 395960.4 11750
18.4		 393.643 90 -55 682.9 528.00 1.00 1.70 2
537.00 1.00 5.79 6
559.00 3.00 0.79 2
566.00 8.00 0.58 5
582.00 17.00 1.69 29 17m @ 1.69 g/t
604.50 12.50 1.22 15
624.00 1.00 0.51 1
627.00 0.60 0.56 0
671.00 1.00 0.61 1
BNEDD0129W
2		 Bankan
NE		 395669.8
1		 11748
48.9		 382.193 90 -55 902.9 723.48 30.52 3.55 108 30.52m @3.55 g/t incl 9m @
**7.98g/t **
802.00 1.00 0.59 1
816.00 1.00 0.51 1
827.00 2.00 1.28 3
832.00 16.00 6.14 98 16m @ 6.14 g/t
852.00 9.00 0.67 6

Page 22 of 46

877.40 7.60 3.17 24 7.6m @ 3.17 g/t
BNEDD0130 Bankan
NE		 396507.1
9		 11753
38.9		 412.722 86.6 -56.53 320 92.00 1.00 1.38 1
106.00 2.84 0.87 2
114.00 1.00 0.69 1
224.00 2.00 0.96 2
229.00 28.00 1.26 35 28m @ 1.26 g/t
270.00 1.00 0.61 1
278.00 1.00 0.69 1
282.00 1.00 1.16 1
303.00 3.25 0.61 2
BNEDD0131 Bankan
NE		 396615.7
2		 11753
39.9		 417.467 90 -55 279.6 30.00 1.00 60.20 60 1m @ 60.2 g/t
67.20 6.50 0.53 3
85.00 1.00 1.85 2
89.00 1.00 0.63 1
93.00 1.00 0.59 1
121.00 1.00 0.75 1
125.00 2.00 0.63 1
129.00 1.00 0.93 1
133.00 15.00 1.75 26 15m @ 1.75 g/t
162.00 2.00 0.81 2
176.00 1.00 0.61 1
179.00 1.00 2.65 3
188.00 2.00 1.21 2
211.00 1.00 0.63 1
220.00 1.00 0.78 1
228.00 1.00 0.65 1
234.20 0.80 0.71 1
240.00 2.00 1.27 3
249.00 1.00 0.65 1
252.00 1.00 1.62 2
BNEDD0132 Bankan
NE		 396240.1
4		 11748
60.2		 406.435 90 -55 570 400.00 1.00 1.47 1
404.20 22.80 3.52 80 22.8m @ 3.52 g/t incl 6m @
**7.48g/t **
430.00 14.00 1.58 22
447.00 1.00 0.64 1
449.00 1.00 0.74 1

Page 23 of 46

483.00 3.20 0.83 3
490.00 6.00 1.30 8
502.00 8.00 1.81 14 8m @ 1.81 g/t
517.30 5.70 1.63 9
540.00 2.00 0.58 1
547.00 7.00 1.62 11

TABLE 2 – REVERSE CIRCULATION DRILLING RESULTS (NE BANKAN)

Hole No. Prospect UTM 29N
East		 UTM 29N
North		 RL
(GPS)		 Hole
azimuth		 Hole dip Hole
depth		 0.5g/t gold cut-off
From Interval (est true
widths)		 Au
g/t		 GM
BNERC0166 Bankan
NE		 396,845.57 1,175,030.02 431.16 91.68 -
54.91		 87.00 74.00 3.00 3.78 11
81.00 1.00 0.71 1
BNERC0168 Bankan
NE		 396,806.20 1,175,030.25 431.16 90.47 -
55.34		 88.00 14.00 4.00 0.61 2
25.00 3.00 0.84 3
32.00 1.00 0.83 1
37.00 4.00 1.25 5
44.00 25.00 1.36 34
72.00 7.00 1.25 9
82.00 2.00 0.74 2
BNERC0169 Bankan
NE		 396,795.29 1,175,029.97 431.36 87.82 -
54.70		 81.00 10.00 3.00 0.56 2
16.00 5.00 1.54 8
26.00 6.00 0.79 5
38.00 20.00 1.84 37
61.00 13.00 0.93 12
79.00 2.00 0.69 1
BNERC0170 Bankan
NE		 396,785.16 1,175,030.07 431.11 90.10 -
54.79		 84.00 20.00 1.00 0.53 1
24.00 6.00 1.34 8
35.00 2.00 0.65 1
40.00 9.00 1.39 13
52.00 14.00 1.43 20
69.00 15.00 1.59 24
BNERC0184 Bankan
NE		 396,825.87 1,175,039.86 431.26 90.00 -
55.00		 80.00 - 9.00 0.57 5
14.00 1.00 0.78 1
18.00 1.00 0.62 1
23.00 9.00 1.28 12

Page 24 of 46

35.00 21.00 0.85 18
59.00 21.00 3.66 77
BNERC0185 Bankan
NE		 396,815.42 1,175,039.43 431.32 90.00 -
55.00		 80.00 9.00 2.00 0.78 2
15.00 1.00 0.51 1
26.00 42.00 1.03 43
74.00 6.00 1.17 7
BNERC0186 Bankan
NE		 396,805.98 1,175,040.08 431.31 90.00 -
55.00		 80.00 11.00 16.00 1.30 21
32.00 20.00 1.76 35
55.00 23.00 1.29 30
BNERC0187 Bankan
NE		 396,796.09 1,175,039.72 431.08 90.00 -
55.00		 80.00 2.00 5.00 0.43 2
15.00 18.00 1.23 22
37.00 6.00 0.88 5
47.00 26.00 1.25 33
BNERC0188 Bankan
NE		 396,785.97 1,175,040.07 431.27 90.00 -
55.00		 84.00 14.00 1.00 0.81 1
18.00 1.00 0.84 1
24.00 4.00 1.01 4
31.00 10.00 0.89 9
45.00 2.00 2.22 4
50.00 34.00 1.28 44
BNERC0189 Bankan
NE		 396,776.15 1,175,040.18 431.39 90.00 -
55.00		 90.00 6.00 4.00 0.44 2
22.00 1.00 0.73 1
31.00 12.00 0.68 8
50.00 5.00 8.09 41
58.00 20.00 1.27 25
81.00 4.00 0.56 2
BNERC0190 Bankan
NE		 396,945.26 1,175,069.49 430.00 90.00 -
55.00		 80.00 4.00 6.00 0.73 4
14.00 1.00 2.55 3
68.00 1.00 1.06 1
BNERC0196 Bankan
NE		 396,855.84 1,175,069.53 430.40 90.00 -
55.00		 80.00 7.00 17.00 1.05 18
31.00 8.00 0.41 3
43.00 1.00 1.36 1
49.00 1.00 8.03 8
53.00 1.00 0.60 1
61.00 10.00 1.40 14
74.00 4.00 1.06 4
BNERC0197 Bankan
NE		 396,845.47 1,175,070.03 430.45 90.00 -
55.00		 80.00 10.00 16.00 1.30 21
30.00 2.00 1.86 4

Page 25 of 46

35.00 4.00 0.60 2
43.00 10.00 0.93 9
58.00 5.00 3.06 15
67.00 1.00 0.53 1
71.00 8.00 1.56 13
BNERC0198 Bankan
NE		 396,835.27 1,175,070.39 430.63 90.00 -
55.00		 80.00 4.00 11.00 0.70 8
23.00 3.00 1.31 4
29.00 6.00 1.30 8
45.00 8.00 1.02 8
60.00 3.00 0.43 1
73.00 5.00 0.69 3
BNERC0199 Bankan
NE		 396,825.83 1,175,070.60 430.53 90.00 -
55.00		 80.00 2.00 2.00 0.75 2
11.00 3.00 1.34 4
20.00 20.00 1.14 23
44.00 9.00 1.33 12
58.00 7.00 6.27 44
70.00 10.00 3.67 37
BNERC0200 Bankan
NE		 396,815.96 1,175,071.35 430.81 90.00 -
55.00		 80.00 2.00 1.00 0.58 1
9.00 9.00 0.65 6
25.00 5.00 1.05 5
36.00 31.00 1.11 34
73.00 3.00 1.72 5
BNERC0201 Bankan
NE		 396,807.22 1,175,071.04 430.86 90.00 -
55.00		 80.00 3.00 2.00 0.71 1
10.00 13.00 0.78 10
27.00 34.00 1.50 51
64.00 13.00 2.78 36
BNERC0202 Bankan
NE		 396,797.27 1,175,071.05 430.99 90.00 -
55.00		 80.00 10.00 11.00 0.89 10
24.00 11.00 2.31 25
38.00 1.00 0.57 1
42.00 1.00 0.93 1
46.00 3.00 0.70 2
52.00 2.00 0.99 2
57.00 8.00 1.11 9
70.00 10.00 1.95 20
BNERC0203 Bankan
NE		 396,785.40 1,175,068.97 431.11 90.00 -
55.00		 80.00 12.00 4.00 1.33 5
19.00 24.00 1.50 36
46.00 18.00 2.11 38

Page 26 of 46

75.00 2.00 0.73 2
BNERC0204 Bankan
NE		 396,775.78 1,175,070.37 431.09 90.00 -
55.00		 80.00 18.00 17.00 1.58 27
39.00 5.00 0.79 4
53.00 1.00 0.53 1
58.00 21.00 1.27 27
BNERC0205 Bankan
NE		 396,944.82 1,175,079.89 429.69 90.00 -
55.00		 80.00 1.00 12.00 1.18 14
44.00 1.00 0.67 1
BNERC0206 Bankan
NE		 396,905.52 1,175,080.11 430.22 90.00 -
55.00		 80.00 6.00 5.00 1.21 6
21.00 23.00 1.54 35
57.00 1.00 2.15 2
BNERC0207 Bankan
NE		 396,896.22 1,175,080.43 430.16 90.00 -
55.00		 80.00 2.00 3.00 0.62 2
8.00 4.00 1.05 4
15.00 1.00 0.75 1
23.00 15.00 1.66 25
41.00 3.00 2.24 7
48.00 5.00 1.21 6
66.00 1.00 0.57 1
77.00 3.00 1.05 3
BNERC0208 Bankan
NE		 396,885.60 1,175,080.10 430.31 90.00 -
55.00		 80.00 - 1.00 0.96 1
7.00 1.00 0.87 1
11.00 2.00 0.62 1
18.00 10.00 1.47 15
33.00 13.00 2.21 29
51.00 15.00 1.70 26
BNERC0209 Bankan
NE		 396,875.05 1,175,080.45 430.10 90.00 -
55.00		 80.00 - 2.00 0.87 2
6.00 7.00 0.70 5
25.00 1.00 1.08 1
33.00 28.00 3.31 93
65.00 3.00 0.67 2
72.00 1.00 0.50 1
79.00 1.00 0.81 1
BNERC0210 Bankan
NE		 396,867.16 1,175,079.67 430.32 90.00 -
55.00		 80.00 2.00 11.00 0.74 8
38.00 1.00 0.58 1
42.00 1.00 0.60 1
47.00 1.00 1.38 1
51.00 11.00 0.71 8
68.00 4.00 0.58 2

Page 27 of 46

76.00 4.00 0.61 2
BNERC0211 Bankan
NE		 396,856.03 1,175,080.33 430.08 90.00 -
55.00		 80.00 5.00 3.00 0.82 3
14.00 1.00 0.75 1
23.00 1.00 0.78 1
28.00 1.00 1.47 2
33.00 4.00 3.50 14
45.00 4.00 2.65 11
66.00 11.00 4.13 45
BNERC0212 Bankan
NE		 396,845.98 1,175,079.87 430.25 90.00 -
55.00		 80.00 5.00 5.00 0.53 3
16.00 10.00 0.79 8
30.00 7.00 1.02 7
44.00 2.00 2.60 5
49.00 4.00 1.09 4
69.00 11.00 2.94 32
BNERC0213 Bankan
NE		 396,836.64 1,175,080.35 430.14 90.00 -
55.00		 80.00 7.00 20.00 1.17 23
30.00 6.00 1.58 10
40.00 11.00 1.10 12
54.00 5.00 1.50 8
62.00 18.00 2.14 39
BNERC0214 Bankan
NE		 396,825.78 1,175,080.32 430.28 90.00 -
55.00		 80.00 - 1.00 0.52 1
4.00 10.00 0.75 8
17.00 1.00 0.59 1
22.00 23.00 1.19 27
48.00 17.00 0.86 15
70.00 5.00 1.20 6
BNERC0215 Bankan
NE		 396,817.09 1,175,080.26 430.85 90.00 -
55.00		 80.00 3.00 13.00 1.23 16
25.00 7.00 1.45 10
38.00 6.00 2.02 12
48.00 20.00 0.98 20
73.00 4.00 0.61 2
BNERC0216 Bankan
NE		 396,805.98 1,175,080.27 430.95 90.00 -
55.00		 80.00 3.00 21.00 0.91 19
27.00 1.00 0.70 1
32.00 3.00 0.66 2
38.00 23.00 1.10 25
65.00 7.00 0.63 4
75.00 1.00 0.67 1
BNERC0217 Bankan
NE		 396,796.38 1,175,079.29 431.18 90.00 -
55.00		 80.00 7.00 23.00 0.87 20

Page 28 of 46

37.00 5.00 0.62 3
48.00 31.00 2.03 63
BNERC0218 Bankan
NE		 396,785.73 1,175,080.45 431.15 90.00 -
55.00		 80.00 4.00 30.00 1.06 32
43.00 1.00 0.89 1
47.00 10.00 0.87 9
61.00 13.00 1.00 13
77.00 3.00 0.88 3
BNERC0219 Bankan
NE		 396,776.59 1,175,080.30 431.37 90.00 -
55.00		 80.00 13.00 1.00 0.64 1
18.00 48.00 1.04 50
70.00 10.00 0.62 6
BNERC0220 Bankan
NE		 396,945.90 1,175,090.25 429.12 90.00 -
55.00		 80.00 1.00 11.00 1.10 12
15.00 1.00 3.27 3
24.00 1.00 0.67 1
46.00 1.00 0.67 1
BNERC0221 Bankan
NE		 396,934.75 1,175,090.52 429.42 90.00 -
55.00		 80.00 2.00 17.00 3.37 57
30.00 1.00 0.54 1
35.00 1.00 0.59 1
66.00 1.00 1.00 1
72.00 2.00 4.39 9
BNERC0222 Bankan
NE		 396,905.52 1,175,089.22 429.70 90.00 -
55.00		 80.00 3.00 11.00 1.05 12
18.00 17.00 1.79 30
38.00 2.00 3.06 6
43.00 8.00 0.89 7
61.00 3.00 1.53 5
BNERC0223 Bankan
NE		 396,896.56 1,175,089.79 430.05 90.00 -
55.00		 80.00 2.00 8.00 0.87 7
13.00 6.00 2.71 16
29.00 17.00 3.16 54
50.00 7.00 4.81 34
66.00 1.00 0.53 1
70.00 1.00 0.74 1
BNERC0224 Bankan
NE		 396,886.04 1,175,089.69 430.14 90.00 -
55.00		 80.00 6.00 4.00 0.58 2
17.00 2.00 1.72 3
25.00 1.00 0.75 1
37.00 24.00 1.69 41
67.00 1.00 0.59 1
72.00 2.00 10.48 21
BNERC0225 Bankan
NE		 396,875.46 1,175,089.97 429.93 90.00 -
55.00		 80.00 3.00 13.00 0.91 12

Page 29 of 46

22.00 2.00 1.64 3
27.00 4.00 1.47 6
42.00 2.00 1.00 2
48.00 2.00 0.75 2
53.00 7.00 4.14 29
63.00 1.00 1.09 1
69.00 10.00 0.98 10
BNERC0226 Bankan
NE		 396,865.64 1,175,091.13 429.80 90.00 -
55.00		 80.00 - 1.00 0.50 1
7.00 8.00 0.45 4
19.00 8.00 0.90 7
31.00 8.00 2.83 23
46.00 3.00 1.33 4
52.00 4.00 3.48 14
62.00 8.00 2.69 22
74.00 6.00 0.93 6
BNERC0227 Bankan
NE		 396,854.83 1,175,089.81 429.91 90.00 -
55.00		 80.00 - 1.00 0.60 1
5.00 17.00 0.98 17
26.00 3.00 1.52 5
49.00 5.00 1.11 6
59.00 1.00 0.57 1
66.00 14.00 1.36 19
BNERC0228 Bankan
NE		 396,845.48 1,175,090.05 429.85 90.00 -
55.00		 80.00 - 48.00 1.38 66
54.00 4.00 1.65 7
67.00 1.00 0.53 1
71.00 8.00 1.39 11
BNERC0229 Bankan
NE		 396,835.88 1,175,089.90 429.94 90.00 -
55.00		 80.00 3.00 34.00 0.94 32
40.00 11.00 0.93 10
60.00 4.00 3.69 15
70.00 5.00 2.98 15
79.00 1.00 18.80 19
BNERC0230 Bankan
NE		 396,825.71 1,175,089.92 430.10 90.00 -
55.00		 80.00 - 2.00 0.66 1
5.00 1.00 1.53 2
9.00 2.00 0.99 2
19.00 14.00 1.26 18
39.00 6.00 1.37 8
54.00 5.00 3.69 18
65.00 5.00 1.92 10
73.00 2.00 1.34 3

Page 30 of 46

BNERC0231 Bankan
NE		 396,815.94 1,175,090.20 430.32 90.00 -
55.00		 80.00 6.00 9.00 0.85 8
18.00 1.00 0.93 1
23.00 11.00 1.27 14
47.00 3.00 1.06 3
53.00 1.00 0.61 1
58.00 4.00 0.61 2
67.00 5.00 2.47 12
BNERC0232 Bankan
NE		 396,805.64 1,175,089.82 430.96 90.00 -
55.00		 80.00 6.00 17.00 1.69 29
26.00 17.00 0.64 11
51.00 7.00 0.67 5
61.00 15.00 1.16 17
BNERC0233 Bankan
NE		 396,795.99 1,175,090.39 431.04 90.00 -
55.00		 80.00 4.00 32.00 1.13 36
39.00 9.00 0.91 8
55.00 1.00 0.54 1
60.00 1.00 1.41 1
64.00 6.00 0.63 4
73.00 7.00 0.76 5
BNERC0234 Bankan
NE		 396,785.78 1,175,089.17 431.11 90.00 -
55.00		 80.00 6.00 13.00 1.70 22
24.00 7.00 0.86 6
36.00 6.00 3.06 18
48.00 4.00 1.13 5
55.00 7.00 0.66 5
69.00 1.00 0.55 1
73.00 7.00 0.76 5
BNERC0235 Bankan
NE		 396,775.68 1,175,089.39 431.23 90.00 -
55.00		 80.00 9.00 1.00 0.59 1
16.00 6.00 0.84 5
27.00 5.00 0.97 5
36.00 2.00 0.91 2
45.00 3.00 4.55 14
51.00 3.00 1.25 4
61.00 2.00 1.72 3
69.00 7.00 1.01 7
BNERC0236 Bankan
NE		 396,946.17 1,175,049.73 430.41 90.00 -
55.00		 80.00 - 11.00 1.11 12
BNERC0237 Bankan
NE		 396,935.93 1,175,050.17 430.50 90.00 -
55.00		 80.00 2.00 11.00 1.21 13
26.00 1.00 0.91 1
32.00 1.00 2.59 3
BNERC0238 Bankan
NE		 396,926.07 1,175,050.63 430.54 90.00 -
55.00		 67.00 6.00 12.00 1.18 14

Page 31 of 46

50.00 1.00 0.81 1
BNERC0239 Bankan
NE		 396,916.26 1,175,050.05 430.88 90.00 -
55.00		 80.00 4.00 19.00 0.89 17
26.00 2.00 0.54 1
38.00 2.00 2.05 4
61.00 1.00 0.51 1
BNERC0240 Bankan
NE		 396,905.93 1,175,049.97 431.05 90.00 -
55.00		 80.00 7.00 29.00 1.78 52
39.00 1.00 1.33 1
BNERC0241 Bankan
NE		 396,895.89 1,175,049.90 431.46 90.00 -
55.00		 80.00 2.00 45.00 2.31 104
BNERC0242 Bankan
NE		 396,886.20 1,175,050.18 431.59 90.00 -
55.00		 80.00 2.00 1.00 0.60 1
8.00 16.00 1.00 16
27.00 21.00 1.23 26
53.00 3.00 0.97 3
59.00 1.00 0.52 1
BNERC0243 Bankan
NE		 396,876.05 1,175,050.33 431.10 90.00 -
55.00		 80.00 6.00 42.00 2.04 86
57.00 9.00 0.61 6
71.00 1.00 0.55 1
BNERC0244 Bankan
NE		 396,866.38 1,175,050.22 431.11 90.00 -
55.00		 80.00 3.00 24.00 1.72 41
32.00 3.00 0.77 2
41.00 15.00 1.26 19
59.00 1.00 0.61 1
67.00 1.00 0.77 1
75.00 2.00 3.70 7
BNERC0245 Bankan
NE		 396,855.05 1,175,049.92 431.38 90.00 -
55.00		 80.00 8.00 27.00 4.51 122
40.00 19.00 1.12 21
65.00 3.00 0.71 2
75.00 1.00 0.65 1
BNERC0246 Bankan
NE		 396,846.14 1,175,049.82 430.97 90.00 -
55.00		 80.00 4.00 22.00 0.95 21
29.00 1.00 0.51 1
33.00 18.00 4.98 90
54.00 11.00 2.42 27
69.00 10.00 0.61 6
BNERC0247 Bankan
NE		 396,835.40 1,175,049.41 430.82 90.00 -
55.00		 80.00 8.00 13.00 0.63 8
25.00 11.00 1.04 11
40.00 38.00 1.93 73
BNERC0248 Bankan
NE		 396,825.59 1,175,049.71 430.96 90.00 -
55.00		 80.00 2.00 9.00 0.90 8
19.00 44.00 1.20 53
73.00 6.00 1.71 10

Page 32 of 46

BNERC0249 Bankan
NE		 396,815.42 1,175,050.21 431.00 90.00 -
55.00		 80.00 11.00 9.00 0.99 9
25.00 31.00 1.42 44
60.00 1.00 0.66 1
66.00 5.00 2.07 10
74.00 3.00 5.23 16
BNERC0250 Bankan
NE		 396,805.25 1,175,050.80 431.00 90.00 -
55.00		 80.00 13.00 5.00 1.07 5
21.00 2.00 1.70 3
27.00 13.00 1.47 19
45.00 12.00 2.56 31
61.00 6.00 0.63 4
73.00 1.00 0.57 1
BNERC0251 Bankan
NE		 396,795.51 1,175,050.52 431.07 90.00 -
55.00		 80.00 4.00 2.00 0.60 1
15.00 16.00 1.84 29
37.00 35.00 1.25 44
BNERC0252 Bankan
NE		 396,784.98 1,175,049.78 431.41 90.00 -
55.00		 80.00 7.00 1.00 0.53 1
15.00 3.00 1.52 5
23.00 1.00 0.68 1
27.00 12.00 0.91 11
43.00 34.00 1.26 43
BNERC0253 Bankan
NE		 396,775.24 1,175,049.86 431.85 90.00 -
55.00		 80.00 23.00 1.00 0.88 1
30.00 12.00 0.92 11
48.00 1.00 0.78 1
53.00 12.00 0.87 10
70.00 10.00 0.62 6
BNERC0254 Bankan
NE		 396,835.79 1,175,017.87 431.46 90.00 -
55.00		 80.00 11.00 1.00 0.56 1
15.00 5.00 0.88 4
24.00 21.00 1.01 21
49.00 2.00 0.97 2
56.00 13.00 1.19 16
78.00 2.00 0.96 2
BNERC0268 Bankan
NE		 397,071.53 1,175,743.13 398.86 90.00 -
55.00		 80.00 56.00 1.00 0.53 1
BNERC0271 Bankan
NE		 396,926.07 1,175,080.80 429.85 90.00 -
55.00		 80.00 4.00 23.00 1.49 34
40.00 1.00 0.99 1
71.00 1.00 0.54 1
76.00 1.00 0.60 1
BNERC0272 Bankan
NE		 396,915.69 1,175,080.72 429.98 90.00 -
55.00		 80.00 6.00 19.00 2.21 42
28.00 10.00 1.18 12

Page 33 of 46

49.00 2.00 0.64 1
78.00 1.00 0.51 1
BNERC0273 Bankan
NE		 396,935.53 1,175,080.36 429.81 90.00 -
55.00		 80.00 2.00 12.00 4.59 55
31.00 2.00 0.99 2
46.00 4.00 0.63 3
BNERC0274 Bankan
NE		 396,936.14 1,175,069.76 430.28 90.00 -
55.00		 80.00 - 13.00 1.06 14
21.00 2.00 0.56 1
36.00 3.00 0.54 2
46.00 4.00 0.45 2
BNERC0275 Bankan
NE		 396,926.13 1,175,070.00 430.32 90.00 -
55.00		 80.00 6.00 16.00 2.39 38
25.00 8.00 8.23 66
54.00 6.00 0.71 4
63.00 2.00 2.06 4
BNERC0276 Bankan
NE		 396,915.77 1,175,068.88 430.50 90.00 -
55.00		 80.00 2.00 23.00 0.87 20
28.00 3.00 2.84 9
40.00 1.00 0.75 1
65.00 1.00 0.50 1

TABLE 3 - BANKAN PROJECT AIRCORE RESULTS

Page 34 of 46

==> picture [518 x 354] intentionally omitted <==

Notes: Only significant results are shown in this table. The target depth on this drill program was 50m. Up to 6 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 results are Individual one metre samples were collected from the cyclone and weighed. Each sample was then riffle split producing a 1kg split sample. Two metre composite samples weighing approximately 2kg were submitted to the assay laboratory by combining the individual 1kg riffle split sample from each metre into a single bag.

TABLE 4 - BANKAN PROJECT POWER AUGER RESULTS

HOLE_ID
CO		 LLAR_E COLLAR_N COLLAR_RL HOLE_DEPTH FROM INTERVAL AU_G/T GM PLOT_INTERCEPT PROJECT PROSPECT
BKAU2400
39		 6060 1176380 378.077 16 8 8 0.2 2 8m @ 0.20 g/t Bankan 800W N
BKAU2490
39		 4110 1176060 388.509 30 14 16 0.15 2 16m @ 0.15 g/t Bankan Main Contact
Anomaly
BKAU2519
39		 4449 1176378 408.92 30 23 7 0.35 2 7m @ 0.35 g/t Bankan Main Contact
Anomaly
BKAU2552
39		 5730 1176141 385.958 26 12 14 0.82 11 14m @ 0.82 g/t Bankan 800W N
BKAU2575
39		 5808 1175982 386.175 26 14 8 0.15 1 8m @ 0.15 g/t Bankan 800W N
BKAU2596
39		 5811 1175501 386.991 28 4 24 1.92 46 24m @ 1.92 g/t Bankan 800W S
BKAU2657
39		 3810 1175580 387.193 30 20 10 4.34 43 10m @ 4.34 g/t Bankan Main Contact
Anomaly
BKAU2662
39		 3890 1175660 384.097 30 0 2 0.61 1 2m @ 0.61 g/t Bankan Main Contact
Anomaly
BKAU2693
39		 4372 1175820 398.967 30 0 11 0.37 4 11m @ 0.37 g/t Bankan Main Contact
Anomaly
BKAU2693
39		 4372 1175820 398.967 30 23 7 1.16 8 7m @ 1.16 g/t Bankan Main Contact
Anomaly
BKAU2775
39		 4773 1175821 411.867 30 4 10 0.19 2 10m @ 0.19 g/t Bankan Main Contact
Anomaly
BKAU2778
39		 4524 1175823 409.001 20 4 3 1.51 5 3m @ 1.51 g/t Bankan Main Contact
Anomaly

Page 35 of 46

BKAU2778 394524 1175823 409.001 20 11 9 1.65 15 9m @ 1.65 g/t Bankan Main Contact
Anomaly
BKAU2782 393490 1175260 411.882 30 20 4 0.67 3 4m @ 0.67 g/t Bankan Main Contact
Anomaly
BKAU2795 393959 1175268 390.597 28 24 4 0.35 1 4m @ 0.35 g/t Bankan Main Contact
Anomaly
BKAU2797 392849 1175580 408.144 30 11 4 0.57 2 4m @ 0.57 g/t Bankan Main Contact
Anomaly
BKAU2799 392684 1175255 389.116 30 13 12 0.19 2 12m @ 0.19 g/t Bankan Main Contact
Anomaly
BKAU2827 395009 1174140 390.56 30 24 6 0.24 1 6m @ 0.24 g/t Bankan BCK E
BKAU2881 394370 1174060 394.627 30 4 26 0.88 23 26m @ 0.88 g/t Bankan BCK E
BKAU2997 395330 1174859 384.454 30 3 7 0.37 3 7m @ 0.37 g/t Bankan NEB W
BKAU2998 395410 1174857 382.265 30 0 4 1.37 5 4m @ 1.37 g/t Bankan NEB W
BKAU3024 395570 1175019 381.904 12 0 12 0.41 5 12m @ 0.41 g/t Bankan NEB W
BKAU3049 395570 1173740 377.418 30 18 12 0.36 4 12m @ 0.36 g/t Bankan BCK E
BKAU3084 395971 1173260 378.705 30 4 14 0.12 2 14m @ 0.12 g/t Bankan NEB S
BKAU3085 394850 1173420 400.555 30 14 8 0.25 2 8m @ 0.25 g/t Bankan BCK E
BKAU3086 394929 1173421 399.146 30 11 19 0.13 2 19m @ 0.13 g/t Bankan BCK E
BKAU3087 395169 1173101 399.685 25 4 8 0.16 1 8m @ 0.16 g/t Bankan BCK E
BKAU3089 395890 1173261 375.798 30 12 18 0.17 3 18m @ 0.17 g/t Bankan NEB S
BKAU3172 395170 1173580 379.963 28 4 10 1.33 13 10m @ 1.33 g/t Bankan BCK E
BKAU3198 394937 1173575 390.309 28 10 8 0.37 3 8m @ 0.37 g/t Bankan BCK E
BKAU3224 395090 1173580 384.535 30 0 30 0.39 12 30m @ 0.39 g/t Bankan BCK E
BKAU3226 394849 1173501 396.949 30 0 30 0.4 12 30m @ 0.40 g/t Bankan BCK E
BKAU3227 394529 1173259 394.58 30 3 17 0.39 7 17m @ 0.39 g/t Bankan BCK E
BKAU3232 395872.165 1175049.076 390.773 26 0 4 0.3 1 4m @ 0.30 g/t Bankan NEB W
BKAU3255 396764.311 1175047.945 431.333 28 0 12 0.15 2 12m @ 0.15 g/t Bankan NEB
BKAU3258 396883.677 1175049.595 431.307 28 0 28 0.6 17 28m @ 0.60 g/t Bankan NEB
BKAU3259 396801.429 1175049.859 431.195 20 0 20 0.26 5 20m @ 0.26 g/t Bankan NEB
BKAU3260 396902.864 1175048.549 431.217 28 4 24 0.56 13 24m @ 0.56 g/t Bankan NEB
BKAU3261 396920.804 1175049.983 430.893 30 0 30 1.25 38 30m @ 1.25 g/t Bankan NEB
BKAU3262 396941.874 1175050.292 430.676 28 0 28 0.7 20 28m @ 0.70 g/t Bankan NEB
BKAU3263 396961.912 1175050.044 430.386 28 0 26 0.59 15 26m @ 0.59 g/t Bankan NEB
BKAU3264 396981.749 1175049.271 429.943 28 0 28 0.67 19 28m @ 0.67 g/t Bankan NEB
BKAU3265 397003.599 1175048.354 429.63 28 0 6 1.04 6 6m @ 1.04 g/t Bankan NEB
BKAU3266 397030.635 1175053.95 428.694 26 0 6 0.32 2 6m @ 0.32 g/t Bankan NEB FW
BKAU3269 397079.915 1175051.073 428.444 30 0 8 0.2 2 8m @ 0.20 g/t Bankan NEB FW
BKAU3270 397099.767 1175050.702 428.537 30 0 16 0.2 3 16m @ 0.20 g/t Bankan NEB FW
BKAU3271 397120.309 1175047.612 428.611 28 2 8 0.34 3 8m @ 0.34 g/t Bankan NEB FW
BKAU3272 397163.11 1175046.829 429.668 22 2 8 0.22 2 8m @ 0.22 g/t Bankan NEB FW
BKAU3274 396863.118 1175050.545 431.195 26 0 26 0.58 15 26m @ 0.58 g/t Bankan NEB
BKAU3275 396843.61 1175050.4 431.015 24 0 24 0.49 12 24m @ 0.49 g/t Bankan NEB
BKAU3276 396824.001 1175049.093 431.027 30 0 30 1.85 56 30m @ 1.85 g/t Bankan NEB
BKAU3277 396608.16 1174623.101 404.632 30 6 18 0.23 4 18m @ 0.23 g/t Bankan NEB S
BKAU3278 396624.974 1174621.454 401.393 24 0 2 0.91 2 2m @ 0.91 g/t Bankan NEB S
BKAU3286 396783.274 1174619.865 415.591 22 16 6 0.35 2 6m @ 0.35 g/t Bankan NEB S

Page 36 of 46

BKAU3288 396822.055 1174620.002 416.619 28 14 14 0.9 13 14m @ 0.90 g/t Bankan NEB S
BKAU3290 396860.907 1174621.017 417.869 26 10 10 0.13 1 10m @ 0.13 g/t Bankan NEB S
BKAU3295 396961.002 1174620.873 420.536 28 18 10 10.53 105 10m @ 10.53 g/t Bankan NEB FW
BKAU3296 396979.711 1174622.928 420.913 26 2 10 0.16 2 10m @ 0.16 g/t Bankan NEB FW
BKAU3296 396979.711 1174622.928 420.913 26 16 10 0.16 2 10m @ 0.16 g/t Bankan NEB FW
BKAU3297 396999.487 1174622.892 421.264 26 0 26 0.55 14 6m @ 1.3 g/t Bankan NEB FW
BKAU3328 395490 1173099 381.417 30 11 19 0.17 3 19m @ 0.17 g/t Bankan BCK E
BKAU3381 396205.762 1173979.921 407.315 30 16 14 0.67 9 14m @ 0.67 g/t Bankan NEB S
BKAU3387 396089.546 1173980.581 404.714 28 18 10 0.13 1 10m @ 0.13 g/t Bankan NEB S
BKAU3397 396309.324 1174058.355 411.139 23 10 6 0.41 2 6m @ 0.41 g/t Bankan NEB S
BKAU3401 396656.265 1174544.086 404.015 22 12 10 0.28 3 10m @ 0.28 g/t Bankan NEB S
BKAU3408 396830.995 1174539.04 413.215 24 16 8 0.67 5 8m @ 0.67 g/t Bankan NEB S
BKAU3428 396989.915 1174698.694 425.005 24 22 2 2.47 5 2m @ 2.47 g/t Bankan NEB FW
BKAU3432 397010.631 1174697.673 425.38 24 4 2 0.72 1 2m @ 0.72 g/t Bankan NEB FW
BKAU3434 397089.586 1174696.604 425.061 26 6 2 0.86 2 2m @ 0.86 g/t Bankan NEB FW
BKAU3450 396270.571 1174216.975 401.075 22 2 2 0.53 1 2m @ 0.53 g/t Bankan NEB S
BKAU3452 396721.894 1174460.965 401.309 26 2 2 1.35 3 2m @ 1.35 g/t Bankan NEB S
BKAU3454 396171.573 1173661.343 404.976 24 8 6 0.51 3 6m @ 0.51 g/t Bankan NEB S
BKAU3457 395971.129 1173177.507 376.599 22 14 8 1.05 8 8m @ 1.05 g/t Bankan NEB S
BKAU3463 396243.826 1173182.051 390.152 28 18 2 0.96 2 2m @ 0.96 g/t Bankan NEB S
BKAU3466 396303 1173177 390.441 30 14 2 0.79 2 2m @ 0.79 g/t Bankan NEB S
BKAU3512 396769.104 1174300.311 411.01 30 6 2 4.45 9 2m @ 4.45 g/t Bankan NEB S
BKAU3534 396737.067 1174376.696 406.057 30 16 3 1.17 4 3m @ 1.17 g/t Bankan NEB S
BKAU3547 396210.33 1174459.355 386.838 16 6 10 3 30 10m @ 3 g/t Bankan NEB HW
BKAU3549 396116.911 1174143.031 405.045 28 18 2 0.52 1 2m @ 0.52 g/t Bankan NEB S
BKAU3570 397109.68 1174697.263 424.846 25 16 2 0.58 1 2m @ 0.58 g/t Bankan NEB FW
BKAU3573 396550.225 1174378.176 395.907 20 6 2 0.53 1 2m @ 0.53 g/t Bankan NEB S
BKAU3575 396584.1 1174377.854 396.143 16 14 2 2.09 4 2m @ 2.09 g/t Bankan NEB S
BKAU3580 396673.509 1174298.772 401.656 17 15 2 0.63 1 2m @ 0.63 g/t Bankan NEB S
BKAU3585 396539.404 1174301.55 398.931 24 12 2 0.72 1 2m @ 0.72 g/t Bankan NEB S
BKAU3592 396483.629 1174300.324 407.462 28 12 16 0.87 14 16m @ 0.87 g/t Bankan NEB S

TABLE 5 - JORC CODE – DIAMOND AND REVERSE CIRCULATION DRILLING

Section 1: Sam lin Techni ues and Data p g q

JORC Code

Criteria

Explanation

Sampling Nature and quality of sampling Technique (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

Commentary

Samples assayed were cut drill core and reverse circulation (RC) drill chips. 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.

Page 37 of 46

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.

One metre RC chip samples were riffle split producing samples which weighed 2-3kg for submission to the assay laboratory. Duplicate samples were also retained for re-assay.

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.

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 detailed information.

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).

Drill Sample Method of recording and Recovery 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.

Drill types are 3 diamond drill rigs collecting PQ, HQ and NQ core and a separate reverse circulation rig using a 118mm diameter reverse circulation hammer.

Drill core:

Sample recoveries were measured in the normal way for diamond drill core. Core recoveries were generally excellent except for the saprolite where some core loss was experienced owing to clayey core being washed out in the diamond drilling process. Given that most of these saprolite core loss zones were obtained in mineralised intervals, grade is probably underestimated in those sections as zones of core loss are assumed to contain no gold.

Significant sample bias is not expected with cut core. RC chips:

Each 1 metre drill sample was weighed.

Sample recoveries were in general high and no unusual measures were taken to maximise sample recovery.

Significant sample bias is not expected with riffle splitting of RC chips.

Page 38 of 46

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.		 All drill samples were logged systematically for lithology, weathering,
alteration, veining, structure and minor minerals. Minor minerals were
estimated quantitively. A core orientation device was employed
enabling orientated structural measurements to be taken.
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 being sampled.		 The diamond drill samples were collected by longitudinally splitting
core using a core saw or a knife where core was very soft and
clayey. Half of the core was sent off to the laboratory for assay. The
sampling method is considered adequate for a diamond drilling
program of this type.
The RC samples were collected by riffle splitting samples from large
bags collected directly from the cyclone on the drill rig. Sample
condition is generally dry or moist, however some samples are wet.
One field duplicate was taken and assayed every 50m.The sampling
method is considered adequate for an RC drilling program of this
type.
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.		 All samples were assayed by SGS technique FAA505 for gold with a
detection limit of 5ppb Au. All samples with gold values exceeding
10g/t Au were re-assayed using SGS method FAA515 with a detection
limit of 0.01g/t Au.
Field duplicates, standards and blank samples were each submitted for
every 15 samples on a rotating basis.
Diamond core duplicates were obtained by cutting the half core
sample into two quarter core samples. As samples are not
homogenised some variation is expected.
Duplicate and standards analyses were all returned were within
acceptable limits of expected values.
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		 At this stage, the intersections have not been verified independently.
No twin holes were drilled in the holes reported here but some
drilling has been done previously sufficiently close to a previously
drilled holes to provide confirmation of the location of
mineralisation. Specifically KKODD002 was drilled close to Air Core
Hole KKOAC001 and demonstrated that that similar, consistent gold
mineralisation was present in the near surface.
Location of Data
points		 Accuracy and quality of surveys
used tolocate drill holes (collar
and down-hole surveys),		 Drill hole collar locations were recorded at the completion of each
hole by hand-held GPS.

Page 39 of 46

trenches, mine workings and
other locations used in Mineral
Resource estimation.
Specification
of
the
grid
system
used
Quality and
adequacy
of
topographic
control		 Positional data was recorded in projection WGS84 Zone 29N.
Hole locations will be re-surveyed using a digital GPS system at
completion of program.
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 diamond and RC drill holes were designed to explore the gold
mineralised system in fresh rock. Single DD holes are in the process
of being drilled on most 80m spaced sections in the 1km long zone
tested previously with RC drilling.
The adequacy of the current drill hole spacing for Mineral Resource
estimation is not yet known as an appropriate understanding of
mineralisation continuity has not yet been established
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.		 There is very limited outcrop in the immediate area but based on the
small number of geological observations and the overall strike of the
anomaly, an east west line orientation with holes inclined to the west
was considered most likely to test the target mineralised zone. Results
from earlier drilling has now determined that the overall dip of the
gold mineralised envelope is to the west. All drill holes reported in this
release were drilled from west to east to obtain true widths through
the gold mineralisation.
Sample Security
The measures taken to ensure
sample security		 Core trays and RC chips are stored in a guarded location close to
the 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 or
reviews of sampling
techniques and data		 No reviews or audits of sampling techniques were conducted.
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 parties
such 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 Kaninko Reconnaissance Authorisation was granted to a
Predictive subsidiary in Guinea in June 2019. It was converted to
an Exploration Permit in early October 2019. It is 100% owned by
Predictive.
Exploration
Done by Other
Parties
Acknowledgment and
appraisal of exploration by
other parties.		 Predictive is not aware of any significant previous gold exploration
over the permit.
Geology
Deposit type, geological
setting and style of
mineralisation.		 The geology of the Kaninko permit consists of felsic intrusives
including granite and tonalite, with mafic to intermediate
volcanics and intrusives. Metasediments including marble, chert
and schists have also been observed.
Drill Hole
Information		 A summary of all information
material to the understanding of
the exploration results including
a tabulation of the following		 See Table 1 and the accompanying notes in these tables.

Page 40 of 46

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.
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 clearlystated.		 Diamond and RC drill sampling was generally in one metre intervals.
Up to 2m (down-hole) of internal waste is included for results reported
at both the 0.25g/t Au and 0.5g/t Au cut-off grades.
Mineralised intervals are reported on a weighted average basis.
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 only been estimated for the three west to east
diamond drill holes. The overall orientation of mineralised zones
on the other drilled lines is not yet properly understood.
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.		 An appropriate map and cross sections are included in this
release (Figures 1-4).
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		 All other exploration data on this area has been reported previously
by PDI.

Page 41 of 46

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.

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 commercially sensitive.

These results form part of a large ongoing program of RC and diamond drilling. Geological studies will continue to be conducted to characterise the gold mineralisation going forward.

Page 42 of 46

TABLE 6 - JORC CODE – AC & POWER AUGER DRILLING

Section 1: Sampling Techniques and Data

BLE 6 - JORC CODE – AC & POWER AUGER DRILLING BLE 6 - JORC CODE – AC & POWER AUGER DRILLING BLE 6 - JORC CODE – AC & POWER AUGER 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
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 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 detailed information.		 Samples assayed were Aircore (AC) drill chips/core and Power Auger (Auger).
Auger: In all the power auger drill holes reported here, 2kg composite samples
were collected for every 4m downhole interval.
AC: Individual one metre samples were collected from the cyclone and weighed.
Each sample was then riffle split producing a 1kg split sample. Two metre
composite samples weighing approximately 2kg were submitted to the assay
laboratory by combining the individual 1kg riffle split sample from each metre
into a single bag.
All samples were dried, crushed and pulverised at the SGS laboratory in Bamako
to produce a 50g fire assay charge with Au analysed by FAA505.
Duplicate samples were retained for re-assay.
Sampling was supervised by qualified geologists.
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).		 AC: Drilling company is IPGS (Industry Petroleum and Gas of Senegal)
Drill type is Aircore using a 3.5 inch diameter coring blade. Where hard layers
including quartz veins were encountered the blade was switched to a face
sampling AC/RC hammer bit.
Auger: Power auger drilling was carried out by ADS (African Drilling Services) using a
4WD-mounted power auger rig.
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.		 Each 1 metre drill sample was weighed.
AC: Sample recoveries were in general high and no unusual measures were taken to
maximise sample recovery. Where samples became too wet or sample recovery and
quality decreased holes were stopped.
Significant sample bias is not expected with riffle splitting of saprolitic materials.
Auger: Sample recovery is not assessed for power auger drilling as it is a geochemical
method. In general, however, recoveries are good because the hole has to be cleared
by the screw-type rods in order for the drill rods to advance downwards.

Page 43 of 46

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.		 All drill samples were logged systematically for lithology, weathering and alteration and
minor minerals. Minor minerals are estimated quantitively.
None of the samples will not be used in a Mineral Resource estimation.
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
materialbeing sampled.		 AC: The samples were collected by riffle splitting samples from large bags
collected directly from the cyclone on the drill rig. Sample condition is generally
dry or moist, however some samples are wet.
Auger: Each 4m to 5m interval in the composite interval was subsampled using a
scoop. No field duplicates were collected. One field duplicate was taken and
assayed every 50 samples.
The sampling methods are considered adequate for an AC and Auger drilling
program of this type.
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.		 All samples were assayed by SGS technique FAA505 for gold with a detection limit of
5ppb Au. All samples with gold values exceeding 10g/t Au were re-assayed using SGS
method FAA515 with a detection limit of 0.01g/t Au.
Field duplicates, standards and blank samples were each submitted for every 15
samples on a rotating basis for Ac drilling but not Auger drilling.
Duplicate and standards analyses were all returned were within acceptable limits of
expected values.
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		 At this stage, the intersections have not been verified independently.
No twin holes have been drilled for Auger. For AC some abandoned shallow AC
blade holes were redrilled with AC Hammer within 5m radius. These may be
considered twin holes in part.
No adjustment is assay data has been made.
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		 Drill hole collar locations were recorded at the completion of each hole by hand-
held GPS.
Positional data was recorded in projection WGS84 UTM Zone 29N. Relative height
levels (RL) are relative to Above Mean Sea Level (AMSL) and assigned by draping
collars on DTM surface determined from aerial geophysical survey.
Hole locations may be re-surveyed using a digital GPS system later.

Page 44 of 46

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		 AC: The drill holes were designed to follow up previously defined >0.25g/t Au
auger soil anomalies. Holes were either drilled heel to toe along traverses, or as
scissor pairs in opposite directions at each target. Hole target depths and spacing
were nominally 50m or as modified for heel to toe coverage. The intention of the
drilling is to obtain a complete sample of the oxidised gold mineralisation and
provide some indication of gold mineralisation orientations. All holes were angle
drilled at 50 or 55 degrees.
The adequacy of the current drill hole spacing for Mineral Resource estimation is
not yet known as an appropriate understanding of mineralisation and continuity
has not yet been established
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 Mineral Resource estimate.
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.		 There is very limited outcrop in the area but based on the Bankan NE deposit to the
north, and east west line orientation with holes inclined to the west and east was
considered most likely to test the target anomalies.
Sample Security The measures taken to ensure
sample security		 Large samples are stored in guarded location close to the nearby Bankan
Village.
Samples were split and sealed (tied off in calico or plastic bags) at the drill site.
All samples picked for analyses are placed in clearly marked bags and were
stored securely on site before being picked up and transported to Bamako by
SGS truck.
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 or reviews
of sampling techniques and data		 No reviews or audits of sampling techniques were conducted.
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
licenceto operatein the area.		 The Bankan Gold Project comprises 4 exploration permits, Kaninko (PDI 100%),
Saman (PDI 100%), Bokoro (PDI 100%) and Argo JV (right to earn 100% in JV with
local partner). Permits are held by Predictive subsidiaries in Guinea or in a joint
venture structure. Parts of the Kaninko and Saman permits overlap the
outermost buffer zone (or “transitional area”) of the Upper Niger National Park.
Exploration Done
by Other Parties		 Acknowledgment and appraisal
ofexplorationby otherparties.		 Predictive is not aware of any significant previous gold exploration over the
permit.
Geology Deposit type, geological setting
and style of mineralisation.		 The geology of the permits consists of mafic volcanics and intrusives, granitic
rocks and minor metasediments.
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		 See the accompanying notes and Tables in this release.

Page 45 of 46

•
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 clearlystated.		 All mineralised intervals are reported on a weighted average basis.
AC: Drill sampling was in two metre composites intervals. Up to 2m (down-hole) of
internal waste is included for results reported at the 0.25g/t Au cut-off grade.
Auger: Kaninko and Saman area gold results are averaged from 4m depth to end of
hole. This removes the effect of false transported anomalies in laterite. For the Argo
area, no transported effects have been noted to date therefore gold results are
averaged from surface to end of hole.
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 the overall orientation of mineralised
zones is not known.
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 map and cross sections are included 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.		 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 characteristics;
potential deleterious or contaminating
substances.		 All other exploration data on this area has been reported previously by PDI.
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 commercially
sensitive.		 The AC results form part of an ongoing regional exploration drill program to
follow up power auger drilling soil anomalies. Regional power auger drilling is
also ongoing testing new target areas.

Page 46 of 46

More from PREDICTIVE DISCOVERY LIMITED

Investor Presentation 2026
May 17
Interim / Quarterly Report 2026
May 12
Director's Dealing 2026
May 7
Regulatory Filings 2026
May 3
Interim / Quarterly Report 2026
Apr 27
Investor Presentation 2026
Apr 27
Major Shareholding Notification 2026
Apr 23
Major Shareholding Notification 2026
Apr 22
Major Shareholding Notification 2026
Apr 22
Major Shareholding Notification 2026
Apr 22
View all filings →