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PREDICTIVE DISCOVERY LIMITED Capital/Financing Update 2022

Aug 24, 2022

65537_rns_2022-08-24_2436d4aa-9f98-49ba-afc6-132e7e6b1805.pdf

Capital/Financing Update

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25[th] AUGUST 2022

IMPRESSIVE GOLD HITS CONTINUE FROM 4.2MOZ BANKAN GOLD PROJECT

Predictive Discovery Limited (ASX:PDI) (“Predictive” or “Company”) is pleased to announce new results from Resource drilling at its 4.2Moz (Inferred)[1] Bankan Gold Project (“Bankan”), located in Guinea.

NE Bankan Diamond Drilling

  • Eight new infill and resource expansion Diamond Drill (DD) holes (totalling 4,063.5m) completed at the 3.9Moz (inferred)[1] NE Bankan Gold Deposit returned the following outstanding results:

  • BNERD0117: 43m @ 4.88g/t Au from 304m, incl. 20m @ 7.54g/t Au from 326m, incl. 4m @ 16.53g/t Au from 342m

  • BNERD0118: 48m @ 5.26g/t Au from 216m, incl. 25m @ 8.42g/t Au from 234m, incl. 5m @ 19.56g/t Au from 254m

  • BNERD0119A: 30m @ 3.43g/t Au from 669m, incl. 11m @ 6.22g/t Au from 675m

  • BNERD0120: 38m @ 2.52g/t Au from 436m, incl. 5m @ 6.51g/t Au from 456m

  • BNERD0121: 41m @ 3.49g/t Au from 354m, incl. 19m @ 6.52g/t Au from 373m

  • BNERD0122A: 14m @ 2.94g/t Au from 727m, incl. 3m @ 9.88g/t Au from 736m

  • BNERD0124A : 65m @ 2.76g/t Au from 205m, incl. 6m @13.15g/t Au from 257m

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

==> picture [507 x 340] intentionally omitted <==

Figure 1 - NE Bankan NS Longitudinal Projection showing new drill results from withing and outside the existing Resource.

Commenting on the results, Managing Director Andrew Pardey:

“Predictive’s next phase of drilling, which is focused on further defining the quality and extending the fast-growth resource of the NE Bankan gold deposit, continues to prove up the significance of what is the largest gold discovery in West Africa for over a decade. As we continue to drill out our assets and move towards the development phase of the project, we are also highly encouraged by the consistency and quality of the resource through our initial grade control drilling at NE Bankan. With the expanded drilling cap and the data gathered to date, Predictive continues to maintain significant momentum in its development as we gain further knowledge of what will clearly become a Tier 1 asset in the gold mining industry”

NE Bankan Reverse Circulation Grade Control Program

  • NE Bankan Grade Control program is testing the shortrange variability of the mineralisation of the upper fresh and oxide expression of the high-grade shoot with results being used to assist in determining the required drill spacing for resource conversion and reconciliation of the current resource model.

  • A total of 73 Reverse Circulation (RC) (BNERC0091-BNERC0163) are reported, with better intercepts including:

2

  • BNERC0091: 12m @ 1.08/t Au from 7m

  • BNERC0092: 18m @ 1.17g/t Au from 2m

  • BNERC0093: 25m @ 2.54g/t Au from 7m, incl.

  • 2m @ 17.2g/t Au from 11m, and 10m @ 1.57g/t Au from 60m

  • BNERC095A: 49m @ 2.12g/t Au from 6m 23m @ 1.37g/t Au from 31m

  • BNERC0098: 20m @ 1.21g/t Au from 33m, and 10m @ 1.31g/t Au from 75m

  • BNERC0099: 19m @ 2.4g/t Au from 36m, incl.

  • 3m @ 7.7g/t Au from 50m

  • BNERC0101: 13m @ 1.15g/t Au from 62m

  • BNERC0102: 20m @ 1.73g/t Au from 76m, incl. 1m @ 15g/t Au from 84m

  • BNERC0103: 13m @ 2.49g/t Au from 3m, incl. 1m @ 10.2g/t Au from 10m

  • BNERC0004: 20m @ 3.2g/t Au from 2m, incl.

  • 5m @ 8.1g/t Au from 13m

  • BNERC0105: 30m @ 2.24g/t Au from 4m, incl.

  • 4m @ 6.8g/t Au from 24m

  • BNERC0108: 24m @ 3.18g/t Au from 36m, incl. 5m @ 6.88g/t Au from 43m

  • BNERC0109: 15m @ 2.7g/t Au from 50m, incl.

  • 1m @ 21.6g/t Au from 54m

  • BNERC0110: 19m @ 1.16g/t Au from 3m, and 23m @ 3.14g/t Au from 25m, incl. 1m @ 11.1g/t Au from 31m, and 4m @ 9.4g/t Au from 40m, and

3

5m @ 5.28g/t Au from 52m, incl. 3m @ 22.82g/t Au from 52m, and 8m @2.23g/t Au from 60m, incl. 1m @ 9.52g/t Au from 62m

  • BNERC0111: 25m @ 4.21g/t Au from 5m, incl. 1m @ 13.8g/t Au from 21m, and 4m @ 18.4g/t Au from 26m, and 3m @ 4.05g/t Au from 49m, and 8m @ 6.46g/t Au from 68m, incl. 4m @ 11.96g/t Au from 70m

  • BNERC0112: 18m @ 1.19g/t Au from 20m, and 6m @ 3.11g/t Au from 62m, incl. 2m @ 7.9g/t Au from 62m

  • BNERC0113: 10m @ 2.81g/t Au from 37m 10m @ 2.81g/t Au from 37m, and 9m @ 3.3g/t Au from 85m

  • BNERC0114: 9m @ 2.7g/t Au from 46m, and 10m @ 1.0g/t Au from 63m, and 17m @ 1.8g/t Au from 77m

  • BNERC0117: 22m @ 1.21g/t Au from 21m, and 13m @ 1.62g/t Au from 47m

  • BNERC0119: 19m @ 2.28g/t Au from 81m, incl. 3m @ 10.5g/t Au from 97m

  • BNERC0123: 14m @ 2.14g/t Au from 1m, incl. 5m @ 4.03g/t Au from 7m

  • BNERC0124: 29m @ 3.53g/t Au from 4m, incl. 8m @ 9.23g/t Au from 16m, and 14m @ 2.9g/t Au from 67m

4

  • BNERC0125: 47m @ 1.76g/t Au from 2m, incl. 18m @ 3.43g/t Au from 18m

  • BNERC0126: 47m @ 1.44g/t Au from 2m

  • BNERC0128: 27m @ 1.97g/t Au from 30m

  • BNERC0129: 7m @ 1.11g/t Au from 37m, and 18m @ 2.82g/t Au from 47m

  • BNERC0130: 21m @ 2.82g/t Au from 9m, and 21m @ 3.78g/t Au from 55m, incl. 14m @ 5.29g/t Au from 56m

  • BNERC0131: 19m @ 1.01g/t Au from 8m, and 19m @ 1.24g/t Au from 44m, and 23m @ 1.86g/t Au from 68m

  • BNERC0132: 36m @ 1.13g/t Au from 2m, and 19m @ 1.24g/t Au from 44m, and 23m @ 1.86g/t Au from 68m

  • BNERC0133: 20m @ 1.5g/t Au from 21m

  • BNERC0134: 17m @ 2.25g/t Au from 29m

  • BNERC0135: 93m @ 1.35g/t Au from 9m, incl.

  • 8m @ 3.93g/t Au from 30m

  • BNERC0136 : 65m @ 1.33g/t Au from 16m

  • BNERC0137 : 48m @ 0.99g/t Au from 16m, and 18m @ 2.08g/t Au from 66m, and 10m @ 2.02g/t Au from 88m

  • BNERC0138 : 19m @ 1.18g/t Au from 48m

  • BNERC0141 : 20m @ 1.18g/t Au from 28m, and 13m @ 1.97g/t Au from 84m

  • BNERC0142: 50m @ 1.44g/t Au from 56m, and 22m @ 1.01g/t Au from 121m

5

  • BNERC0143: 36m @ 1.63g/t Au from 75m, and 5m @ 3.58g/t Au from 188

  • BNERC0144: 51m @ 1.55g/t Au from 0m, incl. 5m @ 6.84g/t Au from 28m

  • BNERC0145: 19m @ 1.64g/t Au from 61m

  • BNERC0146: 13m @ 1.5g/t Au from 13m

  • BNERC0147: 29m @ 3.84g/t Au from 16m, incl. 5m @ 11.67g/t Au from 20m

  • BNERC0148: 36m @ 1.31g/t Au from 53m, and 22m @ 1.8g/t Au from 126m, and 9m @ 1.48g/t Au from 171m

  • BNERC0149: 10m @ 1.59g/t Au from 0m, and 14m @ 1.39g/t Au from 35m

  • BNERC0157: 21m @ 1.8g/t Au from 0m

  • BNERC0158: 16m @ 1.85g/t Au from 9m, and 2m @ 16.85g/t Au from 66m

  • BNERC0160 25m @ 1.49g/t Au from 5m

  • BNERC0161: 30m @ 1.66g/t Au from 6m, incl.

  • 3m @ 5.36g/t Au from 21m, and

  • 5m @ 1.66g/t Au from 40m, and 8m @ 1.68g/t Au from 50m

  • BNERC0162: 42m @ 2.17g/t Au from 5m, incl. 4m @ 11.38g/t Au from 31m

  • BNERC0163: 26m @ 1.78g/t Au from 42m, and 7m @ 1.79g/t Au from 75m

6

25[th] AUGUST 2022

==> picture [592 x 383] intentionally omitted <==

Figure 2 – NE Bankan Plan view, showing significant results from recent DD and RC drilling.

25[th] AUGUST 2022

DIAMOND DRILLING DETAILED

Bankan currently has an inferred Resource of 79.5 million tonnes at 1.63g/t Au for 4.2 million ounces of gold[1] . 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 Aircore and two Power Auger drill rigs, all conducting various resource development and exploration programs across the Bankan Project.

Holes BNEDD0117, 118 and 119A were the last three diamond core intercepts to be included in the mineral resource estimate reported 1[st] August, 2022. The new intercepts reported from BNEDD0120 to 124A and all of the RC intercepts have been reported after the most recent Resource update.

Holes BNEDD0117 to 124A are part of the first phase on infill, targeting the edge of the high grade (+150 gramme metre) tongue, incrementally expanding the high-grade resource, adding high quality ounces within and below the pit.

The 10m by 10m dedicated, angled RC grade control pattern was completed in July at NE Bankan testing the shortrange variability of the mineralisation of the upper fresh and oxide expression of the high-grade shoot with results being used to assist in determining the required drill spacing for resource conversion and reconciliation of the current resource model.

Detailed results and a complete explanation of the methods followed in drilling and assaying the reported holes can be found in Tables 1-3 and figures 3-8.

The two auger rigs are currently focused on infill drilling to an 80m x 40m grid along the northern and southern strike extensions of the NE Bankan resource model and along the main 4km length of the NE Bankan Thrust. The aircore rig is focused currently on the 1.7km southern extension of the NE Bankan thrust from the resource model to the high grade Bankan South prospects and beyond following the auger rigs results.

The ground geophysics programs are continuing with preliminary gradient-array (GAIP) and poledipole (PDIP) induced polarisation results proving highly effective for mapping the mineralisation along the NE Bankan Thrust and focusing the next phase of resource generation across the nearmine targets.

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

25[th] AUGUST 2022

==> picture [614 x 387] intentionally omitted <==

Figure 3 - Section 1174940N (+20mN/- 60mS) with new hole BNERD0122A .

==> picture [653 x 412] intentionally omitted <==

Figure 4 - Section 1174900N (+20mN/- 60mS) with new holes BNERD0119A, BNERD0120 and BNERD0121.

10

Page 10 of 35

==> picture [678 x 433] intentionally omitted <==

Figure 5 - Section 1175060N (+20mN/- 60mS) with new holes BNERD0118 and RC grade control holes.

11 Page 11 of 35

==> picture [692 x 422] intentionally omitted <==

Figure 6 - Section 1175100N (+20mN/- 60mS) with new holes BNERD0124A and RC grade control holes.

12 Page 12 of 35

==> picture [668 x 429] intentionally omitted <==

Figure 7 - Section 1175140N (+20mN/- 60mS) with new holes BNERD0117 and RC grade control holes .

13

Page 13 of 35

==> picture [708 x 432] intentionally omitted <==

Figure 8 - Section 1175980N (+20mN/- 60mS) with new holes BNERD0123 (Note: hole not included on drill plan, section located ~840m North of S1175140N)

14

Page 14 of 35

25[th] AUGUST 2022

NEXT STEPS

  • Ten rigs (4 x DD, 2 x RC/DD, 1x RC, 1 x AC and 2 x Power Auger) continue Resource expansion and infill drilling at NE Bankan, Bankan Creek and near-mine exploration programs along strike of the Bankan Project area.

  • The ground geophysics programs are on-going with preliminary gradient-array (GAIP) and pole-dipole (PDIP) induced polarisation results proving highly effective for mapping the mineralisation along the NE Bankan Thrust and focusing the next phase of resource generation across the near-mine targets.

  • Regional Drilling is taking place around Bankan, with Auger, AC and RC programs underway.

  • At the Nonta Project 45 km north of NE Bankan, a 52-hole RC program will commence in the coming weeks with the Company to provide more information as the Program advances.

  • Environmental and social studies continue.

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.

The information in this announcement that relates to prior exploration results have been referenced to the original announcement date. The Company confirms that it is not aware of any new information or data that materially affects previous exploration results referred to in this announcement. The Company also confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the relevant original market announcements.

Predictive advises that it is not aware of any new information or data that materially affects the 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.

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

- END -

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

Andrew Pardey

Managing Director E: [email protected]

Company Secretary Ian Hobson E: [email protected] P : +61 407 421 185

Bobby Morse/Ariadna Peretz - Buchanan

Media Enquiries E: [email protected] P: +44 (0) 20 7466 5000

About Bankan Gold Project

The Bankan gold camp is situated in north-east Guinea, West Africa (Fig. 9). 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.

16

==> picture [488 x 436] intentionally omitted <==

Figure 9 - Predictive Discovery’s Bankan Gold Project, located in Guinea’s Siguiri Basin, close to large regional mines and deposits.

17

TABLE 1 – BANKAN PROJECT – DIAMOND DRILL RESULTS

Hole
No.
Prospect UTM 29N
East
UTM
29N
North
RL
(GPS)
Hole
azimuth
Hole dip Hole
dept
h
0.5g/t gold cut-off 0.5g/t gold cut-off 0.5g/t gold cut-off
From Interv
al (est
true
widths
)
Au
g/t
Commen
ts
BNED
D0117
Bankan NE 396386 1175139 443 88.23 -56.7 429.8 292 1 0.8
6
298 3 0.5
2
304 43 4.8
8
43m @
4.88 g/t
incl from
326m,
20m @
7.54 g/t
or from
342m,
4m @
**16.53g/t **
403 1 0.5
2
407 1 0.9
5
419 9 1.3
9
BNED
D0118
Bankan NE 396506 1175058 449 87 -58 390.5 216 48 5.2
6
48m @
5.26 g/t
incl from
234m,
25m @
8.42 g/t
or from
254m,
5m @
**19.56g/t **
287 1 0.5
9
304 4 1.0
8
328 2 0.6
3
333 1 1.2
1
348.9
5
1.2 0.5
8
370 2 0.5
8
377 1 0.7
1
BNED
D0119
A
Bankan NE 395863 1174900 422.5 86 -57 750 151.1
5
0.85 0.7
4
213.5 1.65 0.6

18

600 27 1.1
3
634 6 0.7
9
645 3 0.9
5
654 1 0.5
2
669 30 3.4
3
30m @
3.43 g/t
incl from
675m,
11m @
**6.22g/t **
718 6 2.6
3
BNED
D0120
Bankan NE 396180.74
2
1174899
.233
404.529 87.07 -56.73 621.3 424 8.3 3.2
3
436 38 2.5
2
38m @
2.52 g/t
incl from
456m,
5m @
**6.51g/t **
488 6 1.1
1
507 1 0.5
2
514 1 0.5
7
541 3 0.4
6
564 2 0.6
4
571 15 0.5
1
590 2 0.7
3
604 1 0.5
9
614 1 0.8
9
BNED
D0121
Bankan NE 396301.39
4
1174900
.82
410.376 89.37 -57.29 555.7 354 41 3.4
9
41m @
3.49 g/t
incl from
373m,
19m @
**6.52g/t **
399 12 0.7
7
415 2 1.3
7
427 3 0.7
1
435 10 1.1
2
447 2 1.1
7
455 3 0.7
1

19

472 1 1.8
1
480 1 0.5
6
494.2
5
0.75 0.8
6
500 4 1.6
7
515 2 4.9
9
BNED
D0122
A
Bankan NE 395780.21
9
1174939
.362
386.82 85.78 -57.11 770.7 645.8 0.75 0.7
3
683 1 0.5
6
693 1 1.2
2
705 1 0.8
8
722 0.7 1.4
1
727 14 2.9
4
14m @
2.94 g/t
incl from
736m,
3m @
**9.88g/t **
745 2 2.3
8
752 1 0.5
3
757 4 2.0
1
BNED
D0123
Bankan NE 396600.31
1
1175978
.772
389.401 88.14 -54.09 211.9 117 14 0.7
4
141 2 0.7
4
156 2 0.7
5
162 2 0.8
2
166 4 0.6
3
177 2 0.7
7
190 2 4.2
1
205 1 0.5
6
BNED
D0124
A
Bankan NE 396521.14
8
1175099
.228
419.637 84.96 -56.86 333.6 205 65 2.7
6
65m @
2.76 g/t
incl
257.1m,
6m @
13.15 g/t
or from
261m,
3m @
**20.59g/t **
275 5 0.4
8

20

306 2 0.8
9
313 4.6 0.3
8
319 10 0.6

TABLE 2 – BANKAN PROJECT – REVERSE CIRCULATION DRILL RESULTS

Hole No. Prospec
t
UTM 29N
East
UTM 29N
North
RL
(GPS)
Hole
azimut
h
Hole
dip
Hole
dept
h
0.5g/t gold cut-off 0.5g/t gold cut-off 0.5g/t gold cut-off
Fro
m
Interva
l (est
true
widths
)
Au g/t
BNERC0091 Bankan
NE
396886 1175020 462 89 -56 80 7 12 1.08
23 9 0.78
35 5 0.45
55 5 0.69
66 4 1.47
BNERC0092 Bankan
NE
396876 1175020 462 90 -56 76 2 18 1.17
25 3 1.72
32 5 0.61
50 2 0.95
55 1 0.98
68 2 1.12
BNERC0093 Bankan
NE
396868 1175021 462 90 -56 77 7 25 2.54 Incl. 2m @
17.2g/t Au
from 11m
37 1 1.13
42 2 0.92
49 4 0.58
60 10 1.57
BNERC0095
A
Bankan
NE
396848 1175020 462 93 -56 77 6 49 2.12
68 5 0.47
BNERC0096 Bankan
NE
396835 1175020 462 90 -55 81 13 11 0.63
28 13 0.87
63 13 0.74
BNERC0097 Bankan
NE
396826 1175020 461 90 -55 83 7 5 0.69
15 4 1.37
22 3 1.09
31 23 1.37

21

60 1 0.76
77 1 0.99
BNERC0098 Bankan
NE
396816 1175020 461 90 -55 90 14 6 0.6
33 20 1.21
65 6 1.03
75 10 1.31
89 1 0.87 Mineralised
to eoh.
BNERC0099 Bankan
NE
396806 1175020 461 90 -55 88 0 1 0.54
12 11 0.72
36 19 2.45 Incl. 3m @
7.68g/t Au
from 50m
58 14 0.63
78 9 0.63
BNERC0100 Bankan
NE
396797 1175020 461 90 -55 94 13 1 1.35
19 10 0.67 Incl. 20-
22m no
sample
45 8 1.12
56 7 0.99
74 14 0.65
92 2 0.99 Mineralised
to eoh.
BNERC0101 Bankan
NE
396787 1175020 461 90 -56 95 31 4 0.91
55 4 0.6
62 13 1.15
80 4 0.5
90 5 0.99 Mineralised
to eoh.
BNERC0102 Bankan
NE
396776 1175020 461 90 -54 100 26 5 0.81
35 4 1.3
59 13 0.82
76 20 1.73 Incl. 1m @
15g/t Au
from 84m
99 1 6.48 Mineralised
to eoh.
BNERC0103 Bankan
NE
396945 1175100 459 91 -55 95 3 13 2.49 Incl. 1m @
10.2 g/t
Au from
10m
31 1 1.19
52 6 0.45
BNERC0104 Bankan
NE
396935 1175100 459 88 -54 88 2 20 3.25 Incl. 5m @
8.1g/t Au
from 13m
25 3 0.57

22

31 1 1.16
35 1 1.18
40 2 1.32
67 5 0.63
BNERC0105 Bankan
NE
396925 1175100 460 90 -55 87 4 30 2.24 Incl. 4m @
6.8g/t Au
from 24m
84 2 0.68
BNERC0108 Bankan
NE
396896 1175100 460 90 -56 88 3 2 0.79
8 4 0.83
36 24 3.18 Incl. 5m @
6.88g/t Au
from 43m
86 2 0.83 Mineralised
to eoh.
BNERC0109 Bankan
NE
396885 1175100 460 90 -56 90 4 8 1.23
41 3 1.48
50 15 2.7 Incl. 1m @
21.6g/t Au
from 54m
BNERC0110 Bankan
NE
396875 1175100 460 90 -58 92 3 19 1.16
25 23 3.14 Incl. 1m @
11.1 g/t
Au from
31m & 4m
@ 9.4g/t
Au from
40m
52 5 5.28 Incl. 3m @
22.82g/t
Au from
52m
60 8 2.23 Incl. 1m @
9.52g/t Au
from 62m
& 60-67m
no sample
71 4 0.96
78 7 0.86
BNERC0111 Bankan
NE
396865 1175100 460 92 -56 97 5 25 4.21 Incl. 1m @
13.8g/t Au
from 21m,
4m @
18.41g/t
Au from
26m & 11-
12m no
sample
49 3 4.05
58 1 1.03
68 8 6.46 Incl. 4m @
11.96g/t
Au from
70m

23

79 4 1.53
86 1 4.2
91 1 0.8
BNERC0112 Bankan
NE
396855 1175100 460 91 -55 97 5 12 0.63
20 18 1.19
47 1 1.08
55 1 1.34
62 6 3.11 Incl. 2m @
7.9g/t Au
from 62m
77 5 1.31
BNERC0113 Bankan
NE
396846 1175100 460 90 -56 103 3 17 0.74
37 10 2.81
59 16 0.91
78 1 1.02
82 9 3.32
BNERC0114 Bankan
NE
396836 1175100 460 93 -55 94 3 5 0.5
15 6 0.97
29 4 1.77
38 4 0.85
46 9 2.68
63 10 1.01
77 17 1.88 Mineralise
d to eoh.
BNERC0115 Bankan
NE
396826 1175100 460.5 89 -55 102 15 17 0.78
47 5 1.09
58 1 1.77
64 2 1.23
71 2 3.89
BNERC0116 Bankan
NE
396816 1175100 460.5 89 -54 104 8 6 0.83
6 2 0.34
20 18 0.65
45 4 0.49
55 10 0.93
72 5 1.2
BNERC0117
A
Bankan
NE
396802.72
9
1175100.06
7
430.65 88.89 -
54.0
9
80 8 2 1.03
13 3 0.79
21 22 1.21 22m @
**1.21g/t **
47 13 1.62 13m @
**1.62g/t **
64 7 0.91
76 4 0.57

24

BNERC0118 Bankan
NE
396795.46
5
1175099.82 430.45
6
89.86 -
54.7
5
110 4 48 0.94 48m @
0.94 g/t
56 1 0.65
61 5 0.94
74 1 0.83
78 16 0.94
100 2 0.71
BNERC0119 Bankan
NE
396785.82
9
1175099.89
8
430.55
6
89.83 -
54.8
4
114 7 4 0.92
19 7 1.07
30 33 0.87
68 1 0.59
81 19 2.28 19m @
2.28 g/t
incl from
97m, 3m
**@ 10.5g/t **
110 1 0.61
BNERC0120 Bankan
NE
396775.95 1175100.06
1
430.43
8
91.04 -53.5 89 6 61 0.91 61m @
**0.91g/t **
73 3 0.78
BNERC0121 Bankan
NE
396946.01
8
1175059.91 430.22
3
89.75 -
55.9
4
88 0 13 0.86
BNERC0122 Bankan
NE
396936.39
5
1175059.86
1
430.21
6
89.53 -
55.6
4
88 3 11 1.06
18 1 0.51
33 1 1.07
43 2 0.85
BNERC0123 Bankan
NE
396926.08
3
1175059.97
5
430.23
8
90.17 -
55.3
1
87 1 14 2.14 14m @
2.14 g/t
incl from
7m, 5m @
**4.03g/t **
25 7 0.9
45 2 0.64
50 3 0.6
BNERC0124 Bankan
NE
396915.66
6
1175059.95
2
430.38
7
89.14 -
55.6
8
82 4 29 3.53 29m @
3.53 g/t
incl from
16m, 8m
**@ 9.23g/t **
16 8 9.23 8m @ 9.23
**g/t **
52 3 4.09
67 14 2.9 14m @ 2.9
**g/t **
BNERC0125 Bankan
NE
396905.29
3
1175059.97 430.86
5
88.56 -
54.8
9
82 2 47 1.76 47m @
1.76 g/t
incl from
18m, 18m
**@ 3.43g/t **

25

BNERC0126 Bankan
NE
396896.03
2
1175060.27
1
430.88
5
88.56 -
54.8
9
82 2 47 1.44 47m @
1.44 g/t
57 1 0.79
BNERC0127 Bankan
NE
396885.21
5
1175060.02
3
430.87
7
89.88 -
54.6
7
78 2 1 0.51
7 13 1.06 13m @
**1.06g/t **
27 10 1.62 10m @
**1.62g/t **
41 13 1.52 13m @
**1.52g/t **
57 1 1.56
63 4 0.61
77 1 0.77
BNERC0128 Bankan
NE
396875.54
6
1175060.31
7
430.86
2
90.07 -
55.1
6
76 11 4 0.49
19 3 0.97
30 27 1.97 27m @
**1.97g/t **
60 1 0.7
66 6 1.07
BNERC0129 Bankan
NE
396865.61 1175060.10
6
430.67
7
91.55 -
55.6
4
80 6 15 0.62
37 7 1.11 7m @ 1.11
**g/t **
47 18 2.82 18m @
**2.82g/t **
69 1 1.51
73 1 0.95
79 1 1.13
BNERC0130 Bankan
NE
396855.38
5
1175060.32
3
430.89
6
89.53 -
55.2
6
84 9 21 2.82 21m @
2.82 g/t
34 10 0.96
55 21 3.78 21m @
3.78 g/t
incl from
56m, 14m
**@ 5.29g/t **
BNERC0131 Bankan
NE
396845.2 1175059.90
7
430.58
3
89.32 -
55.4
6
87 8 19 1.01 19m @
1.01 g/t
42 16 1.01 16m @
**1.01g/t **
65 12 2.16 12m @
**2.16g/t **
81 2 1.01
BNERC0132 Bankan
NE
396835.49
3
1175060.06
9
430.74
8
91.01 -
54.4
4
91 2 36 1.13 36m @
1.13 g/t
44 19 1.24 19m @
**1.24g/t **

26

68 23 1.86 23m @
**1.86g/t **
BNERC0133 Bankan
NE
396825.72
9
1175060.10
6
432.72
4
87.72 -
55.2
3
94 6 6 0.66
16 1 2.21
21 20 1.5 20m @ 1.5
**g/t **
47 8 0.76
60 1 3.51
73 3 1.75
82 4 0.91
90 1 0.53
BNERC0134 396816.21
7
1175060.10
7
432.92
9
88.27 -
54.8
7
100 1 3 0.77
10 14 0.69
29 17 2.25 17m @
**2.25g/t **
50 9 0.93
72 1 1.26
81 3 0.69
88 11 1.66
BNERC0135 Bankan
NE
396806.27
6
1175060.04
6
433.07 89.85 -
55.3
6
102 9 93 1.35 93m @
1.35 g/t
incl from
30m, 8m
**@ 3.93g/t **
BNERC0136 Bankan
NE
396795.88
1
1175059.93
1
433.19
4
88.27 -
54.8
7
107 10 2 0.78
16 65 1.33 65m @
**1.33g/t **
87 8 0.52
103 4 1.96
BNERC0137 Bankan
NE
396785.86
7
1175059.94
2
433.32
6
90.64 -55.5 107 0 2 2.74
7 1 0.63
13 48 0.99 48m @
**0.99g/t **
66 18 2.08 18m @
**2.08g/t **
88 10 2.02 10m @
**2.02g/t **
BNERC0138 Bankan
NE
396775.81
7
1175060.06
3
433.26
8
92.69 -
54.5
9
112 22 5 0.63
31 12 0.72
48 19 1.18 19m @
**1.18g/t **
72 23 0.97
107 1 0.95
111 1 0.7

27

BNERC0139 Bankan
NE
396935.40
5
1174980.04
6
431.16
6
88.14 -
54.3
2
200 3 12 0.97
110 8 0.86
151 9 1.41
170 1 0.74
BNERC0140 Bankan
NE
396884.86
1
1174980.05 432.15
6
88.08 -
54.5
8
200 8 28 0.84 28m @ 0.84
g/t
44 3 0.84
58 1 1.13
173 1 0.51
BNERC0141 Bankan
NE
396834.88
5
1174980.03
2
431.49
5
87.89 -
54.9
6
200 10 6 1.02
21 2 2.35
28 20 1.18 20m @
**1.18g/t **
52 7 0.83
78 2 0.91
84 13 1.97 13m @
**1.97g/t **
119 1 0.53
138 1 0.5
186 7 0.75
198 1 0.68
BNERC0142 Bankan
NE
396784.31
7
1174980.54
3
432.77
4
87.17 -
54.7
9
200 27 3 1.27
43 4 0.42
50 1 0.78
56 50 1.44 50m @
**1.44g/t **
116 1 1.19
12
1
22 1.01 22m @
**1.01g/t **
193 1 0.5
BNERC0143 Bankan
NE
396735.57 1174979.92
2
432.26 90.01 -
52.6
8
200 43 1 0.72
69 1 0.66
75 36 1.63 36m @
**1.63g/t **
129 4 0.68
139 1 0.66
144 1 0.63
149 2 0.6
157 4 1.24
18
8
5 3.58 5m @ 3.58
**g/t **

28

BNERC0144 Bankan
NE
396936.53
4
1175139.99
2
427.35
7
89.7 -
53.7
8
198 0 51 1.55 51m @
1.55 g/t
incl from
28m, 5m
**@ 6.84g/t **
28 5 6.84 5m @ 6.84
**g/t **
72 1 0.5
98 1 0.5
129 3 0.62
149 1 0.6
BNERC0145 Bankan
NE
396885.55
8
1175140.29
8
427.96 87.2 -
52.3
2
200 5 5 1.08
16 2 2.68
29 1 0.82
44 2 0.91
61 19 1.64 19m @
**1.64g/t **
BNERC0146 Bankan
NE
396836.14
1
1175140.25 428.26
3
89.23 -
56.6
2
200 4 10 0.65
37 2 1.74
43 7 0.53
58 3 0.74
64 6 2.03
86 1 0.71
97 2 1.08
10
5
13 1.5 13m @ 1.5
**g/t **
124 1 0.67
129 4 1.58
193 1 0.57
BNERC0147 Bankan
NE
396785.44
5
1175139.78
1
429.62
4
92.15 -
52.4
8
200 5 2 0.77
16 29 3.84 29m @
3.84 g/t
incl from
20m, 5m
@ 11.67
**g/t **
77 13 0.5
93 1 0.97
99 4 1.07
107 1 1.51
135 8 0.88
153 9 1.1
BNERC0148 Bankan
NE
396735.82
2
1175140.08
8
429.36
3
86.29 -
55.6
3
200 2 1 0.61
10 1 0.5

29

37 4 0.87
53 36 1.31 36m @
**1.31g/t **
107 2 0.93
12
6
22 1.8 22m @ 1.8
**g/t **
157 2 1.5
17
1
9 1.48 9m @ 1.48
**g/t **
BNERC0149 Bankan
NE
396938.74
6
1175216.32
6
423.00
5
85.97 -54.5 200 0 10 1.59 10m @
**1.59g/t **
17 10 0.57
35 14 1.39 14m @
**1.39g/t **
57 2 1.59
110 1 0.53
122 1 0.8
BNERC0155 Bankan
NE
396935.46
7
1175030.03
5
431.06
8
88.85 -
55.6
8
90 0 9 0.61
18 2 1.49
25 1 0.66
49 1 0.58
87 1 0.68
BNERC0156 Bankan
NE
396925.92
5
1175029.87
6
431.19
8
89.32 -
55.1
3
90 4 8 1.14
16 4 1.25
51 1 0.83
62 1 1.44
BNERC0157 Bankan
NE
396915.84
4
1175029.98
6
431.36
8
90.87 -
55.6
4
88 0 21 1.8 21m @ 1.8
g/t
26 1 1.3
46 1 0.92
70 1 2.3
BNERC0158 Bankan
NE
396905.55
3
1175029.94
5
431.35
7
89.55 -
54.3
7
80 9 16 1.85 16m @
1.85 g/t
60 1 2.13
66 2 16.92 2m @
**16.92g/t **
BNERC0159 Bankan
NE
396896.00
9
1175030.06 431.58
6
89.55 -
54.3
7
84 3 20 0.78 20m @
0.78 g/t
27 5 0.69
50 1 1.01
80 2 0.95
BNERC0160 Bankan
NE
396885.31
7
1175030.09
5
431.68
5
90.03 -
55.0
7
84 5 25 1.49 25m @
1.49 g/t
40 5 0.61

30

BNERC0161 Bankan
NE
396875.58
7
1175029.96
6
431.72
8
93 -
56.0
4
88 6 30 1.66 30m @
1.66 g/t
incl from
21m, 3m
**@ 5.36g/t **
40 5 1.66 5m @ 1.66
**g/t **
50 8 1.68 8m @ 1.68
**g/t **
69 3 0.84
BNERC0162 Bankan
NE
396865.70
5
1175030.21
7
431.54
4
89.84 -55.1 84 5 42 2.17 42m @
2.17 g/t
incl from
31m,
[email protected]
**g/t **
52 1 0.6
56 1 0.6
62 6 0.56
74 2 1.51
79 1 0.54
BNERC0163 Bankan
NE
396855.64
7
1175030.20
4
431.44
2
88.12 -
55.1
4
84 8 21 0.81 21m @
0.81 g/t
42 26 1.78 26m @
**1.78g/t **
75 7 1.79 7m @ 1.79
**g/t **

TABLE 3 - JORC CODE – DIAMOND AND RC DRILLING

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

JORC Code Explanation

Criteria

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 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.

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.

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

31

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 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 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.
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.
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,
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 laboratoryfor assay. The

32

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.
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),
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 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

33

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
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.
See Table 1 and the accompanying notes in these tables.
Data
Aggregation
Methods
In reporting Exploration
Results, weighting averaging
techniques, maximum and/or
Diamond and RC drill sampling was generally in one metre intervals.

34

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.
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
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.
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.

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