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PREDICTIVE DISCOVERY LIMITED Interim / Quarterly Report 2012

Jan 30, 2013

65537_rns_2013-01-30_844f1322-66b6-4e3f-9d49-a1d595b20232.pdf

Interim / Quarterly Report

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31[st] January 2013

Predictive Discovery

Limited is a gold exploration company with an advanced exploration project in Burkina Faso, West Africa and strong technical capabilities.

ASX: PDI

Issued Capital: 234M shares

Share Price: 5.8 cents

Market Capitalisation: $14M

Cash (at 31 December 2012): $3.0M

Directors

Phillip Harman Non-Exec Chairman

Paul Roberts Managing Director

Bobby Danchin Non-Executive Director c

Tom Whiting Non-Executive Director

Phil Henty Non-Executive Director

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ASX Announcement

Quarterly Report for the Period Ended 31[st] December 2012

Highlights:

EXPLORATION

□ Eastern Burkina Faso Project:

  • Small targeted RC drill program at five Prospects in December returned encouraging results including:

  • Bongou Prospect:

    • 10m at 7.4g/t Au from 47m

    • 102m at 1.1g/t Au from 4m including 14m at 3.0g/t Au

    • 70m at 1.2g/t Au from 62m (stopped in mineralisation)

Solna Prospect

  • 2m at 26g/t from 70m including 1m at 51g/t Au

  • 2m at 12g/t from 12m including 1m at 21g/t Au

  • Madyabari Prospect

  • 3m at 8.3g/t Au from 23m including 1m at 21g/t Au

  • 2m at 8.3g/t Au from 34m including 1m at 14g/t Au

Tambiri South Prospect

  - **4m at 6.1g/t Au from 83m** including **1m at 14g/t Au**
  • A new type of gold mineralisation discovered at Bongou – silicified, pyritic, quartz veined microgranite in a major fault.

  • Potential for more Bongou-style mineralisation in 43km of fault strike length within PDI’s permits.

  • New Bira permit acquired, adding to the Bonsiega permit group. Historical drill data from there indicates:

  • multiple historic intercepts including:

     - **14.5m at 3.1g/t** from 1m
    
     - **13m at 2.5g/t Au** from 3m
    
     - **10m at 2.7g/t Au** from 14m
    
     - **23m at 1.2 g/t Au** from 30m
    
     - **21m at 1.7g/t Au** from 22m
    
  • Bira mineralised zone is at least 1km long with good continuity and open to the north and south.

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□ Planned March Quarter Exploration Program:

  • Geological mapping and geophysical surveys exploring for Bongou-style mineralisation along strike from Bongou.

  • Follow-up drilling programs at Bongou, Bira, Madyabari and Tambiri South .

CORPORATE

  • Net $3.2M raised from a share placement during the Quarter.

  • $3.0M in cash at 31st December 2012 and no debt.

INTRODUCTION

PDI’s major country focus is Burkina Faso, West Africa where it has established a well-qualified Burkina-based exploration team and a large regional tenement package mainly in the north east of the country (Figure 1).

PDI’s tenement holding covers approximately 100 km of strike length in the Samira Hill greenstone belt in eastern Burkina Faso (the Bonsiega permit group, Figure 1). This belt hosts the 2.5 million ounce Samira Hill gold mine across the border in Niger and contains numerous active artisanal gold mine sites along its length. The Bangaba permit covers 10km of strike of the nearby Sebba Belt, including the largest known artisanal workings in the area.

Relatively close proximity and encouraging drill results from the Bonsiega and Bangaba permits has led PDI to consider its entire Eastern Burkina Faso ground holdings effectively as one project. Based on the encouraging results, the Company’s goal is to identify sufficient mineral resources to support a major central gold treatment plant, the first in the area, drawing ore from multiple deposits.

The purchase of Stratos Resources Limited’s minority share of four joint venture permits in Eastern Burkina Faso (Sirba, Madyabari, Tantiabongou and Fouli) was successfully finalised during the December Quarter. PDI now owns 100% or rights to earn 95 to 100% of all its permits in Burkina Faso.

Following a successful capital raising in October 2012, field work re-started in November, commencing with geological and geophysical surveys in preparation for a 3,000m RC drilling program which was carried out during in December.

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Figure 1: Locality of PDI permits and the Bassieri permit application in Eastern Burkina Faso, showing location of Prospects drilled by PDI in the December Quarter.

PROJECTS

Burkina Faso

Bonsiega Permit Group

Bongou Prospect

The Bongou Prospect is located within the Laterite Hill Gold Field in Eastern Burkina Faso (Figure 1). It covers artisanal workings forming an irregular open pit approximately 150m long and 50m wide. Past exploration by PDI included rock chip sampling, trenching and completion of one hole in 2012 (the only hole ever drilled at Bongou) which intersected 54m at 2.1g/t Au from 36m including 20m at 4.8g/t Au .

A new program of exploration of the Bongou Prospect commenced in November 2012. Geological mapping, rock chip sampling, trenching and re-logging of the first drill hole led to a revised geological interpretation showing that gold mineralisation is contained within an intensely silicified and quartz veined, pyrite-bearing microgranite intrusion (Figure 5).

PDI carried out an induced polarisation (“IP”) geophysical survey over 400m of strike length in order to explore for disseminated sulphides and define the shape of the mineralisation prior to drilling. Interpretation of the results defined sulphide mineralisation in an irregular shape extending beyond the ends of the open pit under cover.

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RC Drilling Program

An eight hole RC drilling program totalling 1,263m was completed in December (Figure 2). Three sections approximately 80m apart were drilled. Two sections were drilled with a pair of angled “scissor holes” oriented in opposing directions to better define the shape and distribution of the mineralisation. One hole was drilled at a steeper angle beneath the discovery hole (BNGRC001) to test for ore continuity and depth extensions. Following the discovery of pyritic microgranite mineralisation in holes BNGRC003 and 004, two additional holes, BNGRC008 and 009, were drilled from existing drill pads to further explore the shape of the mineralised body.

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Figure 2: Plan view of Bongou Prospect showing drill hole locations (NSR = no significant result).

Assay results are provided in Table 2 at the end of this report.

This drilling showed the following:

  • Strong alteration of the microgranite body extends over a true width of approximately 50m and ore grade intercepts have an aggregate true width of about 30m in the two sections tested by holes BNGRC001, 002, 003 and 004.

  • The gold mineralisation dips to the north. Two components are indicated – higher grade mineralisation on the northern contact with the mapped gabbro (see cross section - Figure 3) and lower grade mineralisation to the south of it. Two holes intersected the higher grade mineralisation in BNGRC001 ( 20m at 4.8g/t Au ) and BNGRC004 ( 10m at 7.4g/t Au ). Holes BNGRC002 and 003 appear to have stopped short of this mineralisation because of its relatively shallow dip to the north (e.g. see Figure 3).

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  • Drill results and surface sampling of the mineralisation in the open pit indicate that gold mineralisation continuity within the microgranite is good.

  • The microgranite body has a surface strike extent of at least 150m at Bongou and remains open to the south west and at depth. Its depth extent and distribution is unknown but offers potential to be larger and extend under cover. Interpretation of the November 2012 IP survey suggests the presence of another pyritic body approximately 150m north-west of the workings (Figure 2) and small isolated outcrops of microgranite have been mapped approximately 400m WNW of the workings indicate further potential close to Bongou itself.

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Figure 3: Cross-section through holes BNGRC003 and 004. No vertical exaggeration.

Resource Discovery Potential - Bongou

Recognition of the Bongou gold mineralisation style has opened up a large new area for exploration within the Bonsiega Gold Project permit group. The gold mineralisation is located on a very long, deep fault zone which appears to have been the source of the mineralising fluids which formed the Bongou deposit. Bongou itself lies within a 3km long zone of structural complexity within this fault zone and there are other comparable areas along strike to the north-east. 36km of this fault zone lies within PDI permits and a further 7km is within the Company’s Bassieri exploration permit application NE of Bongou (Figure 4).

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PDI’s geological mapping has already identified granitic outcrops at several locations along this structure and the Company’s geologists are actively exploring for more at present. Two high priority target areas have also been identified 4km and 10km north east of Bongou (Figure 4). Apart from PDI’s recent drilling at Bongou, there has been no effective exploration of this fault zone. Therefore the Company believes that there is substantial potential to discover more Bongou-style mineralisation located under thin cover along strike to the NE.

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Figure 4: Extent of Bongou Fault Zone (heavy black line) within two of PDI’s Bonsiega permits and its new Bassieri permit application. Three target areas are highlighted.

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Figure 5: Silicified, quartz-veined, gold-mineralised microgranite in contact with foliated gabbro or mafic volcanics in Bongou open pit. Mr Seye Kote, PDI’s Chief Geologist in Burkina Faso, in the foreground.

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Madyabari Prospect

The Madyabari Prospect is the site of an artisanal miner gold rush reported in November 2012. PDI geologists mapped over 1,500 artisanal mine shafts on the site in November-December (Figure 6), most of which were excavated between July and November 2012.

Four vertical RC holes, totalling 280m, were drilled at Madyabari out of a planned six hole reconnaissance program (Figure 6). Holes were drilled on an 80 x 80m grid. Two of the planned holes remain undrilled because of access difficulties. The drilling intersected mineralised quartz veins in weathered mafic volcanics at depths between 23 and 36 metres. Based on the drilling results and the artisanal miners’ own descriptions, these veins appear to be approximately horizontal.

Gold mineralised quartz was intersected in all four holes, the best intercept being 3m at 8.3g/t Au from 23m, including 1m at 23g/t Au . In one hole, a void was intersected suggesting that possible high grade quartz vein material had already been removed by artisanal miners.

As Figure 6, demonstrates, only a small portion of the active artisanal mining site has been tested so far. The gold mineralised zone is open in all directions and may well extend beyond the limit of current artisanal mining activity. Follow-up drilling is planned.

Assay results are provided in Table 2 at the end of this report.

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Figure 6: Drill location plan and results, Madyabari Prospect, Burkina Faso. Each small square is an artisanal mine shaft.

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Prospect 71

Prospect 71 covers a very large bedrock geochemical anomaly within the Laterite Hill Gold Field (Figure 1). Four holes were drilled totalling 320m to follow up drilling results obtained previously by PDI and a former explorer, Emerging African Gold, including 4m at 15g/t Au and 4m at 7.5g/t Au . One significant intersection was obtained – 3m at 6.1g/t Au including 1m at 14g/t Au . Assay results are provided in Table 2 at the end of this report.

Bira Permit Acquisition

The Government of Burkina Faso invited PDI to pay fees on a permit application, Bira, in eastern Burkina Faso in January 2013. In Burkina Faso, this invitation indicates that permit grant is imminent.

The new permit covers an area of 21km[2] in the northern part of the Bonsiega block of tenements (Figure 1), thereby strengthening the Company’s hold on the Samira Hill greenstone belt in Burkina Faso.

PDI has been interested in this area since 2010 when it commenced exploration in Burkina Faso. Until late last year, the area was unavailable for application because it was covered by a uranium exploration reserve. PDI applied for the ground after this reserve was removed.

The area was explored by Anglo American through its subsidiary Anmercosa in the late 1990’s. PDI holds a database of Anmercosa information including soil geochemistry and RC drill data from the Bira permit. The RC drill data includes a series of very encouraging gold intersections (Table 1 and Figure 7). While PDI does not have access to the quality control data and the original laboratory assay files, it has verified the location of some of the drill holes on the ground.

Gold mineralisation was intersected in a series of holes extending over more than 1km of strike. Some of the best intercepts (e.g. 14.5m at 3.1g/t Au and 13m at 2.5g/t Au ) were obtained from multiple, closely spaced ore zones in a series of shallow angled holes in two lines in the HL10 series of holes (Figure 7) which were drilled to depths of 15 to 30m.

The consistency of reported intercepts both from section to section and down-dip from hole to hole (Figure 8) in the southern part of the drilled area suggests good continuity, which, if confirmed by PDI’s own drilling, will be important for the delineation of future resource inventory.

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Figure 7: Historic drill results from the Bira permit, Burkina Faso.

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Figure 8: Cross section through Bira gold mineralisation. No vertical exaggeration.

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Table 1 – Anmercosa drill results

Hole No. UTM
East
UTM
North
Azim
uth
Inclin
ation
0.25 g/t Au cut-off grade 0.25 g/t Au cut-off grade 0.25 g/t Au cut-off grade 0.5 g/t Au cut-off grade
Depth
from (m)
Interval
(m)
Au (g/t) Depth
from (m)
Interval
(m)
Au (g/t)
HL10/TB3 269379 1460425 285 -60 12 6 1.8 12 6 1.8
HL10/TB4 269371 1460428 285 -60 1 15.5 3.0 2 14.5 3.1
HL10/TB5 269361 1460430 285 -60 3 13 2.5 3 13 2.5
HL10/TB6 269355 1460432 285 -60 3 2 1.4 3 2 1.4
HL10/TB6 269355 1460432 285 -60 9 8 0.6 11 1 2.1
HL10/TB7 269402 1460471 285 -60 30 1 3.2 30 1 3.2
HL10/TB8 269387 1460478 285 -60 14 16 1.9 14 10 2.7
HL10/TB9 269373 1460482 285 -60 2 15 0.9 2 10 1.2
RC-48 269391 1460421 285 -50 28 25 1.1 30 23 1.2
RC-48 269391 1460421 285 -50 61 2 1.8 61 2 1.8
RC-49 269429 1460409 285 -50 23 7 1.4 23 7 1.4
RC-49 269429 1460409 285 -50 68 13 1.1 68 8 1.6
RC-49 269429 1460409 285 -50 84 12 1.7 84 12 1.7
RC-49 269429 1460409 285 -50 115 2 1.1 115 2 1.1
RC-50 269388 1460317 285 -50 93 6 0.9 93 5 1.0
RC-51 269427 1460305 285 -50 107 26 0.9 107 8 0.7
RC-51 269427 1460305 285 -50 117 16 1.2
RC-52 269335 1460227 285 -50 13 24 1.0 13 16 1.3
RC-52 269335 1460227 285 -50 48 3 0.8 48 3 0.8
RC-53 269374 1460216 285 -50 49 21 1.3 49 20 1.3
RC-54 269347 1460119 285 -50 22 30 1.3 22 21 1.7
RC-55 269482 1460504 285 -50 37 2 1.2 37 2 1.2
RC-55 269482 1460504 285 -50 72 7 0.5
RC-55 269482 1460504 285 -50 91 2 1.0
RC-55 269482 1460504 285 -50 98 21 1.3 99 20 1.4
RC-56 269436 1460503 285 -50 26 4 0.5
RC-56 269436 1460503 285 -50 40 1 2.2 40 1 2.2
RC-56 269436 1460503 285 -50 46 22 1.0 54 14 1.3
RC-57 269470 1460607 285 -50 23 2 0.9 23 2 0.9
RC-57 269470 1460607 285 -50 52 6 0.5 53 4 0.7
RC-58 269514 1460594 285 -50 93 3 0.7 93 3 0.7
RC-60 269547 1460689 285 -50 75 7 1.1 76 6 1.2
RC-63 269694 1460953 285 -50 80 2 1.5 80 2 1.5
RC-64 269614 1461085 285 -50 11 3 1.9 11 3 1.9
RC-64 269614 1461085 285 -50 52 1 2.0 52 1 2.0
RC-64 269614 1461085 285 -50 67 16 0.9 67 10 1.2
RC-70 269711 1461059 285 -50 33 1 3.3 33 1 3.3
TA-RC20 270545 1461729 300 -60 17 4 0.6
TA-RC20 270545 1461729 300 -60 26 5 0.5 26 3 0.7
TA-RC21 270576 1461711 300 -65 52 7 0.6 53 2 1.2

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Bangaba Permit

Tambiri South Prospect

The Tambiri South Prospect is located approximately 1.5km south of the previously drilled Tambiri Prospect (Figure 9) on the same mineralised structure. Five RC holes , spaced 100m apart and totalling 530m, were completed in an area where historic drilling is reported to have encountered up to 6m at 5.2 g/t Au . All five holes intersected gold mineralisation in quartz-veined mafic volcanics with the best intercept being 4m at 6.1g/t Au from 83m including 1m at 14g/t Au . As at the main Tambiri prospect, the gold-mineralised quartz vein zone is steeply dipping and appears to be continuous.

Interpretation of the drill results at the main Tambiri Prospect shows that the high grade ore shoot there has a sub-horizontal plunge. Potential exists for discovery of a comparable shoot at Tambiri South at slightly greater depths than have been tested so far. The 4m at 6.1 g/t Au intercept may lie near the upper boundary of such a zone (e.g. Figure 10). Additional deeper drilling is planned to test this target.

Assay results are provided in Table 2 at the end of this report.

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Figure 9: Bangaba Permit showing location of Tambiri South and Solna Prospects. Approximate location of bedrock geochemical anomalies is outlined in pink ellipses.

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Figure 10: Tambiri South – longitudinal projection indicating location of possible higher grade and width target zone

Solna Prospect

Six RC holes, totalling 688m, were drilled at Solna to test for high grade sub-horizontal ore shoots. Gold mineralisation was obtained in five of the six holes. The highest grade intercept was 2m at 26g/t Au from 70m including 1m at 51g/t Au . Several intercepts were obtained from previously unrecognised and/or unmined gold-mineralised quartz veins, the best being 2m at 11.7g/t Au from 12 m including 1m at 21g/t Au (Figure 11) .

Drilling at Solna continues to generate good intersections however the geological controls on mineralisation are not completely understood. While there is potential for a significant amount of high grade gold mineralisation, PDI’s immediate focus for the remainder of the current field season is on prospects with clearer mineralisation continuity such as Bongou, Bira, Tambiri and Madyabari.

Assay results are provided in Table 2 at the end of this report.

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Figure 11: Solna drill results – plan view

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Planned March 2013 Quarter, Exploration – Burkina Faso

Bongou

The Company plans to return to Bongou with an RC drill rig in March to undertake infill drilling of the Bongou mineralisation and to explore for extensions to the known mineralisation in the immediate vicinity of the artisanal workings.

PDI has identified three key target areas along the Bongou Fault Zone (Figure 4). The highest priority area is a 3km length of the structure immediately surrounding Bongou. Geological mapping is already in progress at this location. Each of the target areas will be explored using induced polarisation surveys to identify zones of potential sulphides and geochemical drilling to follow up any geophysical anomalies.

Other Areas

The focus of the December drilling program was to assist in prioritisation of future exploration activities in order to maximise drilling efficiencies and maximise results for the funds outlaid to build a mineral resource inventory. Apart from Bongou, follow-up drilling during the current field season is planned at Madyabari, the newly acquired Bira permit and Tambiri South .

Preliminary metallurgical test work will be carried out on mineralised RC chips from the Dave, Bongou, Tambiri and Solna Prospect during the next 2 months.

Cote D’Ivoire

No activity was carried out during the Quarter, pending the grant of the Komboro exploration permit.

Australia

Victoria - Gold (PDI 100%)

No activity was carried out during the September Quarter. PDI has decided to withdraw from its Skipton licence to enable the Company to focus even more strongly in West Africa. The Company retains one 2 km[2 ] Exploration Licence and an adjacent Exploration Licence application in Victoria but expenditure on these areas will be minimal in 2013.

CORPORATE

At 31[st] December, 2012, PDI held cash and term deposits of $3.0 million and no debt.

PDI completed a successful placement during the Quarter which resulted in raising a net amount of $3.2 million.

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Table 2: Drill assay results, December 2012 Quarter

Hole No. UTM
East
UTM
North
Azim
uth
Inclina
tion
0.25g/t Au cut-off
grade
0.25g/t Au cut-off
grade
0.25g/t Au cut-off
grade
0.5 g/t Au cut-off
grade
0.5 g/t Au cut-off
grade
0.5 g/t Au cut-off
grade
Comments
Depth
from
(m)
Interval
(m)
Au
(g/t)
Depth
from
(m)
Interval
(m)
Au
(g/t)
BNGRC002 207547 1422130 335 -65 30 2 1.10 30 2 1.10
BNGRC002 207547 1422130 335 -65 40 4 0.69 40 2 1.11
BNGRC002 207547 1422130 335 -65 62 9 1.05 62 4 0.95 70m at 1.19g/t Au
from 62m. Hole
stopped in
mineralisation
because of excessive
water in the hole
BNGRC002 207547 1422130 335 -65 70 1 4.91 70 1 4.91
BNGRC002 207547 1422130 335 -65 77 23 1.59 78 2 1.88
BNGRC002 207547 1422130 335 -65 82 18 1.78
BNGRC002 207547 1422130 335 -65 103 17 1.21 103 3 1.02
BNGRC002 207547 1422130 335 -65 109 10 1.62
BNGRC002 207547 1422130 335 -65 125 7 2.12 125 7 2.12
BNGRC003 207472 1422098 335 -50 4 17 2.52 6 14 2.98 102m at 1.07g/t Au
from 4m.
BNGRC003 207472 1422098 335 -50 34 6 0.56
BNGRC003 207472 1422098 335 -50 43 54 0.91 43 28 0.91
BNGRC003 207472 1422098 335 -50 79 14 1.29
BNGRC003 207472 1422098 335 -50 100 6 2.15 101 4 3.06
BNGRC003 207472 1422098 335 -50 123 6 1.37 123 6 1.37
BNGRC004 207431 1422184 155 -50 47 10 7.39 47 8 9.16 Possibly
correlates
with 20m at 4.8g/t
Au in BNGRC001.
BNGRC004 207431 1422184 155 -50 73 25 0.92 75 11 1.10
BNGRC004 207431 1422184 155 -50 92 5 1.59
BNGRC005 207604 1422185 335 -50 88 4 0.46
BNGRC006 207564 1422274 155 -50 41 4 0.44
BNGRC007 207335 1422164 155 -50 75 1 0.73
BNGRC008 207546 1422127 15 -56 Nil above 0.25 g/t Au
BNGRC009 207468 1422093 293 -50 12 12 1.57 13 4 3.63
BNGRC009 207468 1422093 293 -50 20 3 0.67
BNGRC009 207468 1422093 293 -50 46 14 0.63 49 5 1.05
BNGRC009 207468 1422093 293 -50 74 5 0.56
BNGRC009 207468 1422093 293 -50 114 4 1.19 115 3 1.43
BNGRC009 207468 1422093 293 -50 121 2 1.09 121 2 1.09
PSORC047 208169 1413223 296 -60 26 4 0.41
PSORC047 208169 1413223 296 -60 58 4 0.42
PSORC048 208307 1413370 296 -60 69 3 6.06 69 3 6.06 Includes 1m at
13.9g/t Au
PSORC049 208326 1413475 296 -50 no significant result
PSORC050 208359 1413452 296 -50 no significant result
MADRC001 220883 1424778 310 -90 23 3 8.28 23 3 8.28 includes 1m at
23.2g/t Au
MADRC002 220853 1424850 310 -90 36 1 0.92 36 1 0.92
MADRC003 220918 1424882 310 -90 28 1 0.91 28 1 0.91 intersected artisanal
working 27-28m (high
grade removed?)

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MADRC004 220981 1424913 310 -90 34 2 8.25 34 2 8.25 Includes 1m at
14.2g/t Au
TMBRC029 226738 1486294 292 -60 64 2 1.21
TMBRC030 226698 1486203 292 -60 74 4 2.37 74 4 2.37
TMBRC031 226662 1486113 292 -60 83 4 6.07 83 4 6.07 includes 1m at
13.7g/t Au
TMBRC032 226624 1486020 292 -60 69 1 3.08 69 1 3.08
TMBRC033 226583 1485926 292 -60 53 2 1.22 53 2 1.22 53-86m (33m) at
0.33g/t Au
TMBRC033 226583 1485926 292 -60 79 2 1.11 79 1 1.77
TMBRC033 226583 1485926 292 -60 85 1 3.08 85 1 3.08
SOLRC052 224752 1479575 284 -60.5 68 1 0.78 68 1 0.78
SOLRC053 224708 1479462 284 -50 12 2 11.70 12 2 11.7 includes 1m at
21.0g/t Au
SOLRC054 224702 1479581 284 -50 no significant result
SOLRC055 224737 1479696 284 -52.5 24 4 0.58 25 3 0.68
SOLRC055 224737 1479696 284 -52.5 39 4 2.34 40 3 2.97 artisanal workings
intersected in this are
(high grade quartz
removed?)
SOLRC055 224737 1479696 284 -52.5 70 2 26 70 2 26.0 includes 1m at
51.1g/t Au
SOLRC056 224916 1479699 284 -53.5 126 2 1.32 126 1 2.21
SOLRC057 225040 1479774 284 -55 103 1 1.22 103 1 1.22
SOLRC057 225040 1479774 284 -55 111 2 0.51
SOLRC057 225040 1479774 284 -55 147 2 1.14 148 1 1.99
1.
Down-hole surveys were performed on holes drilled at Bongou, Tambiri South, Solna and Prospect 71.
2.
Analytical standards, blanks and duplicates were added to all sample batches for quality control.
3.
Analyses were performed by fire assay at the SGS laboratory in Ouagadougou.
4.
Average assay values are calculated with a maximum of 2m of internal waste.

About Predictive Discovery:

Predictive Discovery Limited (PDI) was established in late 2007 to explore for gold and uranium. The Company is focused principally on exploration for gold in West Africa with one additional gold project in Australia. PDI has a distinctive technological capability, known as Predictore [TM] , which is designed to increase drill targeting efficiency thereby reducing ore discovery cost. The Company’s major focus is in Burkina Faso, West Africa where it has assembled a substantial regional ground position totalling 1,544km[2] and is exploring for large open-pittable gold ore deposits.

Competent Persons Statement

The exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr Paul Roberts (Fellow of the Australian Institute of Geoscientists). Mr Roberts is a full time employee of the company and has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a Competent Person as defined by the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and

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Ore Reserves (the JORC Code, 2004 Edition). Mr Roberts consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

For further details please contact:

Paul Roberts

Ian Hobson

Managing Director

Tel: +61 8 9216 1020

Email:

Company Secretary Tel: +61 8 9216 1020 Email: [email protected]

[email protected]

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