PREDICTIVE DISCOVERY LIMITED — Interim / Quarterly Report 2011

Jan 30, 2012

Appendix 5BMining exploration entity quarterly report

Appendix 5B

Mining exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10

Name of entity

Predictive Discovery Ltd

ABN 11 127 171 877	Quarter ended(“currentquarter”)
11 127 171 877	31-Dec-11

Consolidated statement of cash flows

1.1 1.3 1.4 1.5 1.6 1.7 (c) production (d) administration Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid 1.2 Payments for (a) exploration & evaluation Income taxes paid Other - FX loss Net Operating Cash Flows (b) development Cash flows related to operating activities Receipts from product sales and related debtors	Current quarter $A’000	Year to date (6 months) $A’000
	-1,627 -436 77 13	-3,111 -667 131 13
	-1,973	-3,635
1.1 1.11 1.12 1.13 (c) other fixed assets Cash flows related to investing activities Payment for purchases of: (a) prospects (b) equity investments Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets Loans to other entities 1.9 1.8 Total operating and investing cash flows (carried forward) Loans repaid by other entities Other (provide details if material) Net investing cash flows	-119	-121
	-119	-121
	-2,092	-3,756

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Appendix 5BMining exploration entity quarterly report

1.13 Total operatingand investingcash flows(brought forward)	-2,092	-3,756
1.14 1.15 1.16 1.17 1.18 1.19 Cash flows related to financing activities Dividends paid Share issue costs Proceeds from borrowings Repayment of borrowings Proceeds from issues of shares, options, etc. Net financing cash flows Proceeds from sale of forfeited shares	-18 -13	5,175 -304
	-31	4,871
1.2 1.21 1.22 Net increase (decrease) in cash held Cash at beginning of quarter/year to date Cash at end of quarter Exchange rate adjustments to item 1.20	8,430 -2,123	5,188 4 1,115
	6,307	6,307

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Currentquarter
		$A'000
		101
1.25 2.1 2.2 Director fees Explanation necessary for an understanding of the transactions Non-cash financing and investing activities Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest	Explanation necessary for an understanding of the transactions
	Director fees
	Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

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Appendix 5BMining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

3.2 Credit standby arrangements Loan facilities 3.1	Amount available $A’000	Amount used $A’000
Estimated cash outflows for next quarter
Development Production Administration 4.2 4.4 4.1 Exploration and evaluation 4.3		$A’000
		2,278
		335
Total		2,613

Reconciliation of cash

5.1 5.2 5.3 5.4 Other(provide details) Bank overdraft Deposits at call Cash on hand and at bank Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A’000	Previous quarter $A’000
	1,150	440
	5,156	7,990
Total: cash at end of quarter (item 1.22)	6,307	8,431

Changes in interests in mining tenements

6.2 Interests in mining tenements acquired or increased 6.1 Interests in mining tenements relinquished, reduced or lapsed	Tenement reference	Nature of interest (note(2))	Interest at beginning of quarter	Interest at end of quarter
	Kogodou South	Option Agreement	0%	100%

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Appendix 5BMining exploration entity quarterly report

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

7.1 7.5 7.7 7.8 7.9 7.1 7.2 Preference+securities (description) Changes during quarter (a) Increases through issues 7.3 +Ordinary securities (a) Increases through issues 7.12 7.11 Expired during quarter (totals only) Unsecured notes(totals only) Debentures 7.4 7.6 (b) Decreases through securities matured, converted Changes during quarter Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs +Convertible debt securities(description) (b) Decreases through returns of capital, buy-backs, redemptions Options (description and conversion factor) Issued during quarter Exercised during quarter	Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
	125,030,815	104,833,940
	6,000,000 500,000	0	Exercise price 25 cents 31 cents	Expiry date 20/8/2015 11/7/2015

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Appendix 5BMining exploration entity quarterly report

Compliance statement

• This statement has been prepared under accounting policies which comply with accounting standards as

• 1 defined in the Corporations Act or other standards acceptable to ASX (see note 5).

• 2 This statement does give a true and fair view of the matters disclosed.

Sign here:

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Date: 30/01/2012

(Company secretary) Print name: Ian Hobson

Notes

The quarterly report provides a basis for informing the market how the entity’s activities have been financed

• 1 for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture

• 2 agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and

• 4 AASB 107: Statement of Cash Flows apply to this report.

Accounting Standards ASX will accept, for example, the use of International Financial Reporting

• 5 Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

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