PREDICTIVE DISCOVERY LIMITED — Interim / Quarterly Report 2017

Mar 9, 2017

ABN 11 127 871 877

INTERIM FINANCIAL REPORT

FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

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CORPORATE DIRECTORY

DIRECTORS

AUDITOR

Mr Phillip Jackson Non-executive Chairman Mr Paul Roberts Managing Director Mr David Kelly Non-executive Director

Moore Stephens Level 18, 530 Collins Street MELBOURNE VIC 3000

Company Secretary

Mr Eric Moore

REGISTERED OFFICE

Suite 2, Level 2 20 Kings Park Road WEST PERTH WA 6005 Telephone: +61 8 6143 1840 Fax: +61 8 9321 4692 Email: info@predictivediscovery.com.au Web Site: www.predictivediscovery.com.au

SHARE REGISTRY

Link Market Services Limited Level 4, 152 St Georges Terrace PERTH WA 6000 Telephone: +61 8 9211 6670 Email: info@linkmarketservices.com.au

POSTAL ADDRESS

PO Box 1710 WEST PERTH WA 6872

SOLICITORS

Corrs Chambers Westgarth 240 St Georges Terrace PERTH WA 6000

ASX CODE

PDI

CONTENTS

DIRECTORS’ REPORT	3
STATEMENT OF COMPREHENSIVE INCOME	4
STATEMENT OF FINANCIAL POSITION	5
STATEMENT OF CHANGES IN EQUITY	6
STATEMENT OF CASH FLOWS	7
NOTES TO THE FINANCIAL STATEMENTS	8
DIRECTORS’ DECLARATION	12
INDEPENDENT AUDITOR’S REPORT	13
AUDITOR’S INDEPENDENCE DECLARATION	15

PREDICTIVE DISCOVERY LIMITED INTERIM FNANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877 DIRECTORS’ REPORT

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Your directors present their report, together with the condensed financial statements of Predictive Discovery Limited and controlled entities (the Group) for the half year ended 31 December 2016.

DIRECTORS

The names of the Company’s directors in office during the half-year and until the date of this report are as below. Directors were in office for this entire period unless otherwise stated.

Mr Phillip Jackson Non-executive Chairman Mr Paul Roberts Managing Director Mr David Kelly Non-executive Director

RESULTS

The consolidated loss of the Group for the half year after providing for income tax amounted to $841,094 (31 December 2015: $367,843).

REVIEW OF OPERATIONS

During the half year to December 2016, the Group continued with its strategy of progressing its more advanced projects in West Africa via joint ventures while undertaking project generation to identify new areas to explore in its own right. Thus, Predictive is expanding its interests in Cote D’Ivoire through application for three permits and negotiations with two local groups to access a further three permits (announced to the ASX on 6/2/17). Results from the Toro Gold Joint Venture in Core D’Ivoire have been very encouraging, including drill intercepts on the Nyangboue Prospect of 20m at 10.5g/t Au and 28m at 4.0g/t Au. Predictive’s exploration activities in Burkina Faso remained on hold during the December half with work supported by new project-level funding expected to re-commence in the first half of 2017.

Total capital raisings (after costs) during the period totalled $2.856 million which were raised via placements and a fully subscribed Share Purchase Plan priced at $0.01 per share in August and October 2016. Overhead costs remain tightly controlled. The capital raised is sufficient to sustain the Company into the first half of 2018.

AUDITOR’S INDEPENDENCE DECLARATION

A copy of the lead auditor’s independence declaration as required by Section 307c of the Corporations Act 2001 is included within the Financial Report.

Signed in accordance with a resolution of Directors:

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DIRECTOR 10 March 2017

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

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INTERIM CONDENSED STATEMENT OF COMPREHENSIVE INCOME

FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

Note Finance Income Other income Administrative payments Foreign exchange gain/expenses Impairment of exploration Exploration expenditure pre-right to tenure Loss before income tax Income tax expense Net loss for the year Other comprehensive income Item that may be reclassified subsequently to operating result Other comprehensive income Total comprehensive loss for the year Profit attributable to: Members of the parent entity Basic loss per share (cents per share) Diluted loss per share (cents per share)	Consolidated 31 December 2016 $ 31 December 2015 $ 16,234 972 1,200 - (852,554) (318,008) 43,911 (27,595) - (91,201) (57,139) (848,348) (435,832) - - (848,348) (435,832) 7,254 67,989 (841,094) (367,843) (841,094) (367,843) (0.063) (0.061) (0.063) (0.061)	Consolidated 31 December 2016 $ 31 December 2015 $ 16,234 972 1,200 - (852,554) (318,008) 43,911 (27,595) - (91,201) (57,139) (848,348) (435,832) - - (848,348) (435,832) 7,254 67,989 (841,094) (367,843) (841,094) (367,843) (0.063) (0.061) (0.063) (0.061)
		(435,832) -
		(435,832) 67,989
		(367,843)
		(367,843)
		(0.061) (0.061)

The accompanying notes form part of these financial statements

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT 4

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

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INTERIM CONDENSED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2016

Note Current Assets Cash and cash equivalents Trade and other receivables Total current assets Non-Current Assets Property, plant and equipment Exploration and evaluation expenditure 2 Total non-current assets Total assets Current Liabilities Trade and other payables Provisions Total current liabilities Total liabilities Net Assets Equity Issued capital 3 Reserves Accumulated losses Total Equity	Consolidated 31 December 2016 $ 30 June 2016 $ 2,731,073 625,917 183,486 181,266 2,914,559 807,183 96,342 113,759 4,019,245 3,675,061 4,115,587 3,788,820 7,030,146 4,596,003 134,181 79,280 9,600 16,095 143,781 95,375 143,781 95,375 6,886,365 4,500,628 28,257,503 25,401,246 2,401,514 2,023,686 (23,772,652) (22,924,304) 6,886,365 4,500,628	Consolidated 31 December 2016 $ 30 June 2016 $ 2,731,073 625,917 183,486 181,266 2,914,559 807,183 96,342 113,759 4,019,245 3,675,061 4,115,587 3,788,820 7,030,146 4,596,003 134,181 79,280 9,600 16,095 143,781 95,375 143,781 95,375 6,886,365 4,500,628 28,257,503 25,401,246 2,401,514 2,023,686 (23,772,652) (22,924,304) 6,886,365 4,500,628
		807,183
		113,759 3,675,061
		3,788,820
		4,596,003
		79,280 16,095
		95,375
		95,375
		4,500,628
		25,401,246 2,023,686 (22,924,304)
		4,500,628

The accompanying notes form part of these financial statements

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT 5

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

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INTERIM CONDENSED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

CONSOLIDATED At 1 July 2016 Loss for the year Other comprehensive income Total comprehensive loss for the year Transactions with owners in their capacity as owners: Share based payments Shares issued during the years Transaction costs At 31 December 2016 At 1 July 2015 Loss for the year Other comprehensive income Total comprehensive loss for the year Transactions with owners in their capacity as owners: Issue of share capital Transaction costs At 31 December 2015	Issued Capital Accumulated Losses Foreign Currency Translation Reserve Share Based Payments Reserve Total $ $ $ $ $ 25,401,246 (22,924,304) 1,514,755 508,931 4,500,628 - (848,348) - - (848,348) - - 7,254 - 7,254
	- (848,348) 7,254 - (841,094)
	- - - 370,574 370,574 3,049,450 - - - 3,049,450 (193,193) - - - (193,193)
	28,257,503 (23,772,652) 1,522,009 879,505 6,886,365
	24,180,869 (15,060,257) 1,452,485 508,931 11,082,028 - (435,832) - - (435,832) - - 67,989 - 67,989
	- (435,832) 67,989 - (367,843)
	1,351,169 - - - 1,351,169 (130,291) - - - (130,291)
	25,401,747 (15,496,089) 1,520,474 508,931 11,935,063

The accompanying notes form part of these financial statements

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

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INTERIM CONDENSED STATEMENT OF CASH FLOWS

FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

Note Cash flows from operating activities Receipts from customers GST receipts Payments to suppliers and employees Net cash (used in ) operating activities Cash flows from investing activities Interest received Payments for purchase of plant and equipment Payments for tenement acquisitions Payments for exploration expenditure Net cash inflow from investing activities Cash flows from financing activities Proceeds from issue of shares Payment for share issue costs Net cash inflow from financing activities Foreign exchange differences Net cash provided by other activities Net increase in cash held Cash and cash equivalents at beginning of the half-year Cash and cash equivalents at the end of the half-year	Consolidated 31 December 2016 31 December 2015 $ $ 1,200 - 15 108 (486,683) (291,892) (485,468) (291,784) 4,427 972 (6,610) - (34,656) (274,780) (361,812) (311,619) (360,840) 3,049,450 1,301,169 (148,193) (85,291) 2,901,257 1,215,878 986 34,299 986 34,299 2,104,170 563,254 625,917 717,648 2,731,073 1,315,201	Consolidated 31 December 2016 31 December 2015 $ $ 1,200 - 15 108 (486,683) (291,892) (485,468) (291,784) 4,427 972 (6,610) - (34,656) (274,780) (361,812) (311,619) (360,840) 3,049,450 1,301,169 (148,193) (85,291) 2,901,257 1,215,878 986 34,299 986 34,299 2,104,170 563,254 625,917 717,648 2,731,073 1,315,201
		(291,784)
		972 - (361,812)
		(360,840)
		1,301,169 (85,291)
		1,215,878
		34,299
		34,299 563,254 717,648
		1,315,201

The accompanying notes form part of these financial statements

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877 NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

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NOTES TO THE FINANCIAL STATEMENTS

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Preparation

This consolidated interim financial report for the half year ending 31 December 2016 has been prepared in accordance with the requirements of the Corporations Act 2001 and Australian Accounting Standard AASB 134: Interim Financial Reporting.

The interim financial report is intended to provide users with an update on the latest annual financial statements of Predictive Discovery Limited and controlled entities (the Group). As such it does not contain information that represents relatively insignificant changes occurring during the half year within the Group. This interim consolidated financial report does not include all the notes normally included in an annual financial report. It is therefore recommended that this interim financial report be read in conjunction with the annual financial report of the Group for the year ended 30 June 2016, together with any public announcements made during the half year. The same accounting policies and methods of valuation have been followed in this interim financial report as were applied in the most recent annual financial report.

Key Judgement – Going Concern

The interim financial report has been prepared using the going concern basis. The Directors have determined that as with similar companies, future capital raisings will be required in order to continue the exploration and development of the company's mining tenements (some subject to an option payment) to achieve a position where they can prove exploration reserves. The ability of the company to continue as a going concern beyond the foreseeable future is dependent upon the company raising additional capital sufficient to meet the company's exploration commitments. Should there be no funding available exploration of the areas of interest may be put on hold. The recoverability of the exploration asset is dependent upon the continued exploration of each area of interest.

NOTE 2: DEFERRED EXPLORATION AND EVALUATION EXPENDITURE Carrying amount at beginning of year Expenditure Impairment Movement in exchange rates	Consolidated 31 December 2016 $ 30 June 2016 $ 3,675,061 10,338,343 344,184 534,585 - (7,197,867) - - 4,019,245 3,675,061	Consolidated 31 December 2016 $ 30 June 2016 $ 3,675,061 10,338,343 344,184 534,585 - (7,197,867) - - 4,019,245 3,675,061
		3,675,061

The Group has capitalised exploration expenditure of $4,019,245 (30 June 2016: $3,675,061). This amount includes costs directly associated with exploration and the purchase of exploration properties. These costs are capitalised as an intangible asset until assessment and / or drilling of the permit is complete and the results have been evaluated. These direct costs include employee remuneration, materials, permit rentals and payments to contractors. The expenditure is carried forward until such a time as the area moves into the development phase, is abandoned or sold. Given exploration activities have not yet reached a stage which permits a reasonable assessment of the existence or otherwise of recoverable resources and the difficulty in forecasting cash flows to assess the fair value of exploration expenditure there is uncertainty as to the carrying value of exploration expenditure. The ultimate recovery of the carrying value of exploration expenditure is dependent upon the successful development and commercial exploitation or, alternatively, sale of the interest in the tenements. The Directors are of the opinion that the exploration expenditure is recoverable for the amount stated in the financial report.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877 NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

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NOTE 3: ISSUED CAPITAL 1,631,113,686 (30 June 2016: 1,326,168,686) Ordinary Shares Share issue costs written off against issued capital Shares No. At 1 July 2015 650,584,343 Issue of shares in rights issue 650,584,343 Issue of shares for underwriting services 22,500,000 Issue of shares for other services 2,500,000 Options cancelled/expired - At 31 December 2015 1,326,168,686 At 1 July 2016 1,326,168,686 Issue of shares in placement and share purchase plan 304,945,000 Issue of options - At 31 December 2016 1,631,113,686	NOTE 3: ISSUED CAPITAL 1,631,113,686 (30 June 2016: 1,326,168,686) Ordinary Shares Share issue costs written off against issued capital Shares No. At 1 July 2015 650,584,343 Issue of shares in rights issue 650,584,343 Issue of shares for underwriting services 22,500,000 Issue of shares for other services 2,500,000 Options cancelled/expired - At 31 December 2015 1,326,168,686 At 1 July 2016 1,326,168,686 Issue of shares in placement and share purchase plan 304,945,000 Issue of options - At 31 December 2016 1,631,113,686	Consolidated 31 December 2016 $ 30 June 2016 $ 30,265,443 27,215,993 (2,007,940) (1,814,747) 28,257,503 25,401,246 Listed Options Unlisted Options No. No. - 16,500,000 - - - - - - - (8,500,000)
	1,326,168,686	- 8,000,000
	1,326,168,686 304,945,000 -	- 8,000,0000 - - - 58,575,000
	1,631,113,686	- 66,575,000

NOTE 4 - SEGMENT INFORMATION

The group has identified its operating segments based on the internal reports that are reviewed and used by the Board of Directors (chief operating decision makers) in assessing performance and determining the allocation of resources.

The group operates as three segments, which are gold exploration and evaluation within Australia, Burkina Faso and Cote D’Ivoire.

The group is domiciled in Australia. Segment revenues are allocated based on the country in which the customer is located. Segment assets are allocated to countries based on where the assets are located.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877 NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

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NOTE 4 - SEGMENT INFORMATION (continued)

Half Year Ended 31 December 2016 Other income Expenses Loss for the period As At 31 December 2016 Current assets Non-current assets Current liabilities Non-current liabilities Exploration expenditure Net Assets Half Year Ended 31 December 2015 Other income Expenses Loss for the period As At 30 June 2016 Current assets Non-current assets Current liabilities Non-current liabilities Exploration expenditure Net Assets	Corporate $ Gold Australia $ Gold Burkina Faso $ Gold Cote D’Ivoire $ Consolidated $ 17,434 - - - 17,434 (671,710) - (186,099) (7,973) (865,782)
	(654,276) - (186,099) (7,973) (848,348)
	2,626,404 - 201,522 86,633 2,914,559 7,382 - 88,960 - 96,342 (90,993) - (47,753) (5,035) (143,781) - - - - - 252,683 7,841 3,724,652 34,069 4,019,245
	2,795,477 7,841 3,967,381 115,667 6,866,365
	972 - - - 972 (164,843) - (210,168) (61,793) (436,804)
	(163,871) - (210,168) (61,793) (435,832)
	576,222 - 194,261 36,700 807,183 - - 113,759 - 113,759 (53,736) - (33,056) (8,583) (95,375) - - - - - 114,274 4,906 3,521,812 34,069 3,675,061
	636,760 4,906 3,796,776 62,186 4,500,628

NOTE 5 – CONTROLLED ENTITIES

		PERCENTAGE	PERCENTAGE
		OWNED (%)*	OWNED (%)*
	COUNTRY OF INCORPORATION	31 DEC 2016	30 JUNE 2016
Subsidiaries:
Predictive Discovery SARL	Burkina Faso	100	100
Predictive Discovery Niger SARL	Niger	100	100
Predictive Discovery Cote d’Ivoire SARL	Cote d’Ivoire	100	100
Birrimian Pty Limited	British Virgin Islands	100	100
Predictive Discovery Cote D’Ivoire Pty Ltd	Australia	49	100
Burkina Resources Pty Ltd	Australia	100	0
Ivoirian Resources Pty Ltd	Australia	100	0

* Percentage of voting power is in proportion to ownership

NOTE 6 – CONTINGENT LIABILITIES AND CONTINGENT ASSETS

In the opinion of the Directors, the Group did not have any contingencies at 31 December 2016 (30 June 2016: Nil).

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877 NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

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NOTE 7 – RELATED PARTY TRANSACTIONS

Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other parties unless otherwise stated.

Other than intercompany loans and remuneration of Key Management Personnel, there were no other related party transactions during the half year.

NOTE 8 – EVENTS AFTER THE END OF THE REPORTING PERIOD

There no other matters or circumstances have arisen since the end of the half year which significantly affected or could significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial years.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877 DIRECTORS’ DECLARATION

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DIRECTORS’ DECLARATION

The directors of the company declare that:

1. The concise financial statements and notes, as set out on pages 3 to 11, are in accordance with the Corporations Act 2001 and:

2. (a) comply with Australian Accounting Standard 134; and

3. (b) give a true and fair view of the financial position as at 31 December 2016 and of the performance for the half year ended on that date of the company and consolidated group;

4. In the directors' opinion, there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors.

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Paul Roberts DIRECTOR 10 March 2017

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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INDEPENDENT AUDITOR’S REVIEW REPORT

TO THE MEMBERSOF PREDICTIVE DISCOVERY LIMITED & CONTROLLED ENTITIES

Report on the Half‐Year Financial Report

We have reviewed the accompanying half‐year financial report of Predictive Discovery Limited & controlled entities which comprises the condensed statement of financial position as at 31 December 2016, the condensed statement of profit or loss and other comprehensive income, condensed statement of changes in equity, the condensed statement of cash flows for the half‐year ended on that date, notes comprising a summary of significant accounting policies and other explanatory information and the directors’ declaration.

Directors’ Responsibility for the Half‐Year Financial Report

The directors of the company are responsible for the preparation of the half‐year financial report that gives a true and fair view in accordance with Australian Accounting Standards (including Australian Accounting Interpretations) and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the half‐year financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express a conclusion on the half‐year financial report based on our review. We conducted our review in accordance with Auditing Standards on Review Engagements ASRE 2410: Review of Interim and Other Financial Reports Performed by the Independent Auditor of the Entity , in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the half‐year financial report is not in accordance with the Corporations Act 2001 including:

• a. giving a true and fair view of the company’s financial position as at 31 December 2016 and its performance for the half‐year ended on that date; and

• b. complying with Accounting Standard AASB 134: Interim Financial Reporting and the Corporations Regulations 2001 .

As the auditor of the company, ASRE 2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report.

A review of a half‐year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Independence

In conducting our review, we have complied with the independence requirements of the Corporations Act 2001 . We confirm that the independence declaration required by the Corporations Act 2001 , which has been given to the directors of the company, would be in the same terms if provided to the directors as at the time of this auditor’s review report.

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Conclusion

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the half‐year financial report of the company is not in accordance with the Corporations Act 2001 , including:

• a. giving a true and fair view of the company’s financial position as at 31 December 2016 and of its performance for the half‐year ended on that date; and

• b. complying with AASB 134: Interim Financial Reporting and the Corporations Regulations 2001 .

Emphasis of Matter – Going Concern

Without modifying the opinion expressed above, attention is drawn to the following matter. As a result of the matters described in the section entitled “Key Judgement – Going Concern” in Note 1 to the financial statements for the period ended 31 December 2016, the ability to continue the exploration and development of the company`s mining tenements is dependent upon future capital raising. Should there be no funding available, explorations of the areas of interest may be put on hold and the recoverability of exploration assets may be realised below their carrying amounts at balance date.

Emphasis of Matter ‐ Inherent Uncertainty regarding Recoverability of Capitalised Exploration and Evaluation Assets

Without modifying the opinion expressed above, attention is drawn to the following matter. As a result of the matter described in Note 2 to the financial statements, there is uncertainty as to whether the company will be able to recover the carrying value of exploration expenditure for the amount recorded in the financial report. The ultimate recovery of the carrying value of exploration expenditure, and future exploration expenditure, is dependent upon the successful development and commercial exploitation or, alternatively, sale of the interest in the tenements.

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MOORE STEPHENS AUDIT (VIC) ABN 16 847 721 257

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ADREW JOHNSON Partner Audit & Assurance Services

Melbourne, Victoria

10 March 2017

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AUDITOR’S INDEPENDENCE DECLARATION UNDER S 307C OF THE CORPORATIONS ACT 2001 TO THE DIRECTORS OF PREDICTIVE DISCOVERY LIMITED & CONTROLLED ENTITIES

I declare that, to the best of my knowledge and belief, during the year ended 31 December 2016, there have been:

• i. no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the review; and

• ii. no contraventions of any applicable code of professional conduct in relation to the review.

MOORE STEPHENS AUDIT (VIC) ABN 16 847 721 257

ANDREW JOHNSON Partner Audit & Assurance Services

Melbourne, Victoria

10 March 2017

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PREDICTIVE DISCOVERY LIMITED

ABN 11 127 871 877

Level 2 33 Ord Street WEST PERTH WA 6005

Telephone: +61 8 9216 1000 Facsimile: +61 8 9481 0411 Website: www.predictivediscovery.com.au