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PREDICTIVE DISCOVERY LIMITED Interim / Quarterly Report 2021
65537_rns_2021-04-29_717f9fdd-bc00-46b5-a0e8-e5b104c70e06.pdf
Interim / Quarterly Report
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30 April 2021
QUARTERLY ACTIVITIES REPORT FOR PERIOD ENDING 31 MARCH 2021
Predictive Discovery Limited ("Predictive" or "Company") is pleased to provide an update on its activities for the March 2021 Quarter. During the quarter, the Company continued exploration activity at the Company's flagship Bankan Gold Project in Guinea.
HIGHLIGHTS
- Bankan-2 drilling program reached full capacity during the quarter with three (3) rigs on site continuing with Reverse Circulation (RC), and Diamond Drilling (DD) programs designed to support the Maiden Resource Estimate planned in the coming months1 .
- Regional power auger drilling continues to identify additional saprolite-hosted gold mineralisation.
NE Bankan
- Infill RC drilling has confirmed a substantial zone of shallow oxide mineralisation at NE Bankan, with deeper DD drilling highlighting very broad widths in fresh rock and excellent hole-to-hole continuity, as well as major depth extensions.
- Significant DD Results:
- BNERD001: 42m @ 2.3 g/t Au from 165m2
- BNERD002: 60m @ 1.4g/t Au from 145m, 12m @ 1.8g/t Au from 218m, and 10m @ 2.5g/t Au from 300m, including 1m @ 17.9g/t Au from 307m2
- BNERD0007: 19m @ 4.8m Au from 178m, incl. 6m @ 13.7g/t Au3
- Significant RC Results:
- BNERD0026: 52m @ 1.5g/t Au from 3m and 32m @ 1.3g/t Au from 118m4
- BNERD0027: 80m @ 1.1g/t Au from surface4
- BNERD0033: 24m @ 3.1g/t Au from 32m, including 2m @ 11.5g/t Au from 49m4
- BNERC0031: 45m @ 5.4g/t Au from 65m, incl. 1m @ 187.5g/t Au3
- BNERC0040: 65m @ 2.7g/t Au from 47m, incl. 7m @ 9.8g/t Au, and 1m @ 13.6g/t Au, and 2m @ 8.2g/t Au3
- BNERC0046: 51m @ 2.5g/t Au from 2m, incl. 1m @ 76.8g/t Au from 43m5
- BNERD0045: 54m @ 2.1g/t Au from surface, incl. 3m @ 11.2g/t Au from 14m5
5 ASX Announcement - NE BANKAN WIDTH EXTENDED TO 300 METRES WITH HIGH-GRADE GOLD FROM SURFACE - https://www.investi.com.au/api/announcements/pdi/7a1ac7dc-fdc.pdf
ASX Announcement - BANKAN GOLD PROJECT DRILLING ACCELERATED - https://www.investi.com.au/api/announcements/pdi/789a1718-55e.pdf
2 ASX Announcement - OUTSTANDING, WIDE GOLD INTERCEPT GROWS BANKAN AT DEPTH -https://www.investi.com.au/api/announcements/pdi/2c793e2c-d54.pdf &
ASX Announcement - FURTHER DEPTH EXTENSIONS FROM DRILLING AT BOTH NE BANKAN & BANKAN CREEK GOLD DISCOVERIES- https://www.investi.com.au/api/announcements/pdi/578a5f8f-db4.pdf
ASX Announcement - EXCEPTIONALLY HIGH GOLD GRADES IN MULTIPLE THICK INTERCEPTS FROM NE BANKAN - https://www.investi.com.au/api/announcements/pdi/34624e47-e18.pdf 4 ASX Announcement - SUBSTANTIAL OXIDE GOLD ZONE EMERGING AT NE BANKAN PROJECT - https://www.investi.com.au/api/announcements/pdi/d3964fff-85f.pdf
Bankan Creek
- Bankan Creek mineralisation successfully extended a further 80m to the south with high grade gold values at depth. The known strike length is now at least 300m and the gold mineralised zone is open in all directions. Significant intercepts during the period included:
- BCKDD0001: 10.4m at 2.1g/t Au from 199m, 26m @ 3.1g/t Au from 240m, including 6.8m @ 8.1g/t Au from 242m6
- BCKDD0002: Overall intercept of 40m @ 3.0g/t Au from 104m7
- BCKDD006: 19m @ 0.9g/t Au from 3m, 16m @ 1.0g/t Au from 45m, 10m @ 3.7g/t Au from 83m, and 6m @ 1.7g/t Au from 188m8
Corporate
• In March Predictive welcomed to its Board Mr Francis Harper as Non-Executive Chairman, and Mr Andrew Pardey as Non-Executive Director. 9
GUINEA - BANKAN GOLD PROJECT
Over the past 12 months, the Company has made two significant greenfield gold discoveries at Bankan, initially at the NE Bankan prospect, where the first phase of drilling has outlined a 1.6km-long zone of shallow gold mineralisation, now with steadily increasing RC/DD drill coverage at depth. Bankan Creek is a satellite discovery 3km to the west of NE Bankan that has only been lightly tested but which bears the hallmarks of a strong gold mineralised system.
Since inception to 14 April 2021, the Company has completed 77,491m of drilling:
- 10,579m of diamond drilling in 56 holes (partly in DD tails)
- 18,448m of RC drilling in 172 holes
- 46,233m of auger drilling in 2,762 holes
- 2,231m of air core drilling in 47 holes
All but 550m of the RC drilling and 7,932m of the auger drilling has been completed on the four Bankan Project exploration permits. Additionally, auger drilling continues across the wider Bankan Project area, in particular to search for gold mineralisation beneath significant artisanal workings in the Argo permit approximately 20km to the north of NE Bankan10 as well as across and north of the area between Bankan West and NE Bankan.
NE Bankan
The current program at NE Bankan has confirmed very broad widths in fresh rock and excellent hole-to-hole continuity, as well as depth extensions through DD drilling, while infill RC drilling has confirmed a substantial
6 ASX Announcement - OUTSTANDING, WIDE GOLD INTERCEPT GROWS BANKAN AT DEPTH -https://www.investi.com.au/api/announcements/pdi/2c793e2c-d54.pdf
7 ASX Announcement - HIGH GRADE DRILL RESULTS EXTEND BANKAN CREEK GOLD DISCOVERY TO NORTH - https://www.investi.com.au/api/announcements/pdi/bfea1a28-a2f.pdf
8 ASX Announcement - FURTHER DEPTH EXTENSIONS FROM DRILLING AT BOTH NE BANKAN & BANKAN CREEK GOLD DISCOVERIES - https://www.investi.com.au/api/announcements/pdi/578a5f8f-db4.pdf 9 ASX Announcement - PREDICTIVE STRENGTHENS ITS BOARD WITH TWO MAJOR APPOINTMENTS - https://www.investi.com.au/api/announcements/pdi/86f39493-27a.pdf
10 ASX Announcement - NE BANKAN WIDTH EXTENDED TO 300 METRES WITH HIGH-GRADE GOLD FROM SURFACE - https://www.investi.com.au/api/announcements/pdi/7a1ac7dc-fdc.pdf
zone of shallow oxide mineralisation. The results received to date will be of significant importance to Predictive in delivering a Maiden Resource Estimate.
Figure 1 – NE Bankan plan view showing new DD/RC holes and planned zdrilling (red result labels)
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Figure 2 – NE Bankan Prospect Longitudinal Projection showing gold endowment with pierce points located at the mid-point of drill hole intervals, showing drill results reported up to the end of the March Quarter.
Results from the first 5 RC pre-collar drill holes from the central higher grade zone of mineralisation at NE Bankan were received in January 2021 and returned thick gold intersections, confirming broad widths of gold mineralisation, which appear to be widening with depth, including11:
BNERD001:
- 88m at 1.8g/t Au from 112m, including 35m @ 2.6g/t Au from 165m, and 50m at 1.3g/t Au from 112m.
- Stopped in gold mineralisation. Results of the DD "tail" extending the hole were received later in the quarter.
BNERD003:
- 23m @ 0.8g/t Au from 174m,
- RC drilling stopped short of the target zone, only partially testing the down-dip projection of gold mineralisation in hole KKODD011 drilled above it. Results of the DD "tail" extending the hole were received later in the quarter.
BNERD004:
- 33m @ 1.6g/t Au from 167m in BNERD004 (hole stopped in mineralisation).
- Results of the DD "tail" extending the hole were received later in the quarter.
11 ASX Announcement - OUTSTANDING, WIDE GOLD INTERCEPT GROWS BANKAN AT DEPTH -https://www.investi.com.au/api/announcements/pdi/2c793e2c-d54.pdf
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Results from 10 RC pre-collars (BNERD006 - BNERD012) and 3 completed DD tails (BNERD001 - BNERD003), were received in February 2021. Step-out drilling continued to demonstrate excellent hole-tohole continuity and depth extensions12 .
BNERD001 (including DD "tail" results)
• 42m @ 2.2g/t Au from 165m, including 2m @ 19.3g/t from 189m.
BNERD002
- 60m @ 1.4g/t Au from 145m,
- 12m @ 1.8g/t Au from 218m,
- 10m @ 2.5g/t Au from 300m, including 1m @ 17.9g/t from 307m.
- Hole largely gold-mineralised between 145m and 310m.
BNERD008
• 31m @ 1.9g/t Au from 179m (mineralised to end of hole with DD assays pending.
Figure 3 – NE Bankan Prospect – Section 117100N
12 ASX Announcement - FURTHER DEPTH EXTENSIONS FROM DRILLING AT BOTH NE BANKAN & BANKAN CREEK GOLD DISCOVERIES - https://www.investi.com.au/api/announcements/pdi/578a5f8f-db4.pdf
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Figure 4 – NE Bankan Prospect – Section 1175180N
An additional round of 12 RC/DD holes from the western step-out program, including 2 completed diamond tails (BNERD0008 and BNERD0019), 9 RC-holes from the central zone oxide program, and 1 completed RC hole from Bankan Creek was reported in March 202113 .
The first two completed lines of oxide RC drilling confirmed the continuity and broad widths of the oxide gold mineralisation in the upper 50-70m of the central NE Bankan gold mineralised zone. These results continued to successfully identify both broad and narrow zones of gold mineralisation with all holes mineralised in part. Significant intercepts included:
BNERD0008
- 34m @ 1.4g/t Au from 179m
- 28m @ 1.8g/t Au from 218m
BNERD0022 (500m north of central gold mineralised zone)
13 ASX Announcement - SUBSTANTIAL OXIDE GOLD ZONE EMERGING AT NE BANKAN PROJECT - https://www.investi.com.au/api/announcements/pdi/d3964fff-85f.pdf
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• 18m @ 2.2g/t Au from 74m
BNERD0026 (mineralised to EOH with DD 'tail' pending)
- 52m @ 1.5g/t Au from 3m
- 32m @ 1.3g/t Au from 118m
BNERD0027
• 80m @ 1.1g/t Au from surface
BNERD0032
- 10m @ 1.6g/t Au from 35m
- 27m @ 1.2g/t Au from 51m
- 5m @ 4.1g/t Au from 84m, including 1m @ 16.5g/t Au from 87m
BNERD0033
• 24m @ 3.1g/t Au from 32m, including 2m @ 11.45g/t Au from 49m
Figure 5 – NE Bankan Prospect – Section 1175100
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Figure 6 – NE Bankan Prospect – Section 1175180
Further results from the drill program were announced in mid-March consisting of 10 RC and 3 DD holes. Multiple, wide gold intersections including some exceptionally high gold grades were returned from shallow oxide and deeper drilling at NE Bankan.
Best results included 14:
- 45m @ 5.4g/t Au from 65m, incl. 1m @ 187.5g/t Au
- 65m @ 2.7g/t Au from 47m, incl. 7m @ 9.8g/t Au, and 1m @ 13.6g/t Au, and 2m @ 8.2g/t Au
- 19m @ 4.8m Au from 178m, incl. 6m @ 13.7g/t Au
- 10m @ 4.0g/t Au from 141m, incl. 4m @ 7.7g/t Au
- 74m @1.3g/t Au from 6m, incl. 2m @ 10.1g/t Au
14 ASX Announcement - EXCEPTIONALLY HIGH GOLD GRADES IN MULTIPLE THICK INTERCEPTS FROM NE BANKAN - https://www.investi.com.au/api/announcements/pdi/34624e47-e18.pdf
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Figure 7 – NE Bankan Prospect – Section 1175020
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Figure 8 – NE Bankan Prospect – Section 1175100
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Figure 9 – NE Bankan Prospect – Section 1174940
A further batch of results from 7 RC holes completed at NE Bankan were released in late March. This shallow oxide drilling continued to return broad intersections including high-gold grades with better results including15:
- 51m @ 2.5g/t Au from 2m, incl. 1m @ 76.8g/t Au from 43m
- 54m @ 2.1g/t Au from surface, incl. 3m @ 11.2g/t Au from 14m
- 9m @ 2.4g/t Au from surface, incl. 1m @ 18.5g/t Au from 5m, and 17m @ 2.6g/t Au from 29m, incl. 3m @ 10.0g/t Au from 30m
- 36m @ 1.8g/t Au from 3m, and 37m @ 1.0m Au from 44m
The above results confirmed that the oxide gold mineralisation on drill section 1175260N extends over a horizontal width of 300m and is predominantly mineralised down to the base of oxidation at vertical depths of 40 to 65m. The drilling also demonstrated the continuity of broad zones of gold mineralisation from surface down into fresh rock.
15 ASX Announcement - NE BANKAN WIDTH EXTENDED TO 300 METRES WITH HIGH-GRADE GOLD FROM SURFACE - https://www.investi.com.au/api/announcements/pdi/7a1ac7dc-fdc.pdf
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Figure 10 – NE Bankan Prospect – Section 1175260N
Bankan Creek
First results from DD hole BCKDD0001 were received in January, hole BCKDD0001 tested the gold mineralisation 100m down-dip of previously drilled KKODD020 (91.6m at 1.9g/t Au16) and indicated that the overall gold mineralised "envelope" is widening at depth. Significant intersections included**17**:
- 10.4m at 2.1g/t Au from 199m,
- 26m @ 3.1g/t Au from 240m, including 6.8m @ 8.1g/t Au from 242m
16 ASX Announcement: 92m at 1.9g/t gold - diamond drilling expands Bankan Project [13 Oct 2020]
17 ASX Announcement - OUTSTANDING, WIDE GOLD INTERCEPT GROWS BANKAN AT DEPTH -https://www.investi.com.au/api/announcements/pdi/2c793e2c-d54.pdf
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Figure 11 – Bankan Creek Prospect – Section BCKDD0001
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In February, further drilling from Bankan Creek confirmed gold mineralisation extends at least 160m north along strike, with widths of 50 to 100m on three drill sections, and remains open to the north, south and at depth18 .
Hole BCKDD0002 builds on previous high-grade intercepts from hole KKODD020 which was drilled 80m to the SSE and intersected 91.6m at 1.9g/t Au including 16m at 4.0g/t Au19 . BCKDD0002 intersected broad widths of gold mineralisation with an overall intersection of 40m @ 3.0g/t Au including 7m at 10.2g/t Au and 15m at 2.7g/t gold north of the KKODD020 intercept. BCKDD0002 confirmed the strike continuity of the gold mineralisation which remains open downdip. Further step out drilling to the west is planned to test the down dip extent of the mineralisation.
Figure 12 – Bankan Creek Prospect – Section BCKDD0002
18 ASX Announcement - HIGH GRADE DRILL RESULTS EXTEND BANKAN CREEK GOLD DISCOVERY TO NORTH - https://www.investi.com.au/api/announcements/pdi/bfea1a28-a2f.pdf 19 ASX Announcement - 92M AT 1.9g/t GOLD - DIAMOND DRILLING EXPANDS BANKAN PROJECT https://www.investi.com.au/api/announcements/pdi/d858335b-e93.pdf
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Holes BCKDD0003 and 4 were drilled on the next section to the north, 160m NNW of KKODD020. Both holes intersected broad zones of shallow gold mineralisation with impressive higher-grade intervals in BCKDD004, including 9.2m at 5.9 g/t Au from 22.8m and 10m at 5.0g/t Au from 63m. This confirmed 160m of known gold-mineralised strike length to date at Bankan Creek, with mineralisation open at depth and along strike to both the north and south.
Figure 13 – Bankan Creek Prospect – Section BCKDD0003 - 5
DD hole BCKDD006 reported from Bankan Creek in February 2021 extended the gold mineralised zone a further 80m to the south from the discovery drill section, bringing the known strike length to at least 240mand the gold mineralised zone is open in all directions.
Significant intercepts from hole BCKDD006 included20:
20 ASX Announcement - FURTHER DEPTH EXTENSIONS FROM DRILLING AT BOTH NE BANKAN & BANKAN CREEK GOLD DISCOVERIES - https://www.investi.com.au/api/announcements/pdi/578a5f8f-db4.pdf
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- 19m @ 0.9g/t Au from 3m,
- 16m @ 1.0g/t Au from 45m,
- 10m @ 3.7g/t Au from 83m, including 1.1m @ 27.0g/t Au from 87m, and
- 6m @ 1.7g/t Au from 188m
Figure 14 – Bankan Creek Prospect – Section BCKDD0006
Regional Auger Drilling
Regional power auger drilling continued over the period and identified additional saprolite-hosted gold mineralisation. The program originally focussed on the area between Bankan West, Bankan Creek and NE Bankan and is currently working in the Argo permit approximately 20km North of NE Bankan. Significant intercepts from the program include**21**:
21 ASX Announcement - HIGH GRADE DRILL RESULTS EXTEND BANKAN CREEK GOLD DISCOVERY TO NORTH - https://www.investi.com.au/api/announcements/pdi/bfea1a28-a2f.pdf & ASX Announcement - SUBSTANTIAL OXIDE GOLD ZONE EMERGING AT NE BANKAN PROJECT - https://www.investi.com.au/api/announcements/pdi/d3964fff-85f.pdf
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- 3m @ 7.3g/t Au from 4m,
- 11m @ 1.4g/t Au from 4m,
- 7m @ 4.3g/t Au from 8m
Figure 15 – Bankan Project, power auger drilling showing locations and colour-coded assay ranges for composite samples from 4m to end of hole
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BURKINA FASO
Burkina Faso Project Consolidation
In November, the Company announced the execution of an agreement with Progress Minerals Inc (Progress)22 in respect of the Company's Burkina Faso property package, including the 184,000-ounce Bongou gold deposit. This agreement saw Predictive's ownership return to 100% (from a 49% joint venture interest) in the entire Burkina Faso package, creating a far simpler ownership structure, and greater appeal as the Company considers potential divestment opportunities for its Burkina Faso assets23 .
It is Predictive's intention to seek a partnership or other ownership structure to take control of these properties, through which the Company can participate in a possible future mine development without being required to fund operations prior to a mine development decision.
The Burkina Faso portfolio comprises a 722km2 land package separated into six permits and two permit applications in two separate project areas – Bongou and Tempetou. The Bongou gold deposit contains a JORC compliant Mineral Resource Estimate (MRE) of 184,000oz of gold with an average grade of 2.6g/t gold24 .
Figure 16 - Locality map of PDI permits near Bongou in eastern Burkina Faso, showing Bongou gold deposit and prospects
24 ASX Announcement – High-Grade Maiden Mineral Resource Estimate at Bongou, Burkina Faso - https://www.investi.com.au/api/announcements/pdi/2bab5647-9ed.pdf
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22 A subsidiary of Montage Gold Corp (TSX-V: MAU)
23 ASX Announcement - Predictive Consolidates Ownership of Its Burkina Faso Projects - https://www.investi.com.au/api/announcements/pdi/03c769d0-681.pdf
CORPORATE
- In March Predictive welcomed to its Board Mr Francis Harper as Non-Executive Chairman and Mr Andrew Pardey as Non-Executive Director. With then current Non-Executive Chairman, Mr Phillip Jackson, resigning from the Board.25
- Exploration expenditure incurred during the quarter totalled $2.7m. Cash at the end of the quarter was $10.4m.
- Predictive currently has 1,018,671,882 fully paid ordinary shares 84,781,485 listed Options (PDIOA) and 58,500,000 unlisted options (PDIAL, PDIAM, PDIAN & PDIAP) on issue.
- Payments to related parties shown at 6.1 of the Company's Appendix 5B are director fees and salaries in the quarter.
JUNE QUARTER ACTIVITY 2021
- Three rigs are undertaking RC and DD drilling programs designed to support the Maiden Resource Estimate planned for mid-2021 with metallurgical test work scheduled to begin in the June Quarter.
- Current power auger program is to search for gold mineralisation beneath significant artisanal workings in the Argo permit (Figure 17) approximately 20km to the north of NE Bankan.
- The Company is currently completing processing and interpretation of the recently acquired aeromagnetic survey which has already identified a number of structures and targets to the north and south of NE Bankan as the Company searches for additional gold discoveries within the project area.
This announcement is authorised for release by Predictive Managing Director, Paul Roberts.
For further information visit our website at predictivediscovery.com or contact:
PAUL ROBERTS
Managing Director Tel: +61 402 857 249 Email: [email protected]
2021 MARCH QUARTER - ASX ANNOUNCEMENTS
This Quarterly Activities Report contains information extracted from ASX market announcements reported in accordance with the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" ("2012 JORC Code"). Further details (including 2012 JORC Code reporting tables where applicable) of exploration results referred to in this Quarterly Activities Report can be found in the following announcements lodged on the ASX:
25 ASX Announcement - PREDICTIVE STRENGTHENS ITS BOARD WITH TWO MAJOR APPOINTMENTS - https://www.investi.com.au/api/announcements/pdi/86f39493-27a.pdf
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| 31-Mar-21 | NE BANKAN GROWS TO 300M WIDE. HIGH GRADE GOLD FROM SURFACE |
|---|---|
| 22-Mar-21 | PDI STRENGTHENS ITS BOARD WITH TWO MAJOR APPOINTMENTS |
| 15-Mar-21 | EXCEPTIONALLY HIGH GRADES, THICK INTERCEPTS FROM NE BANKAN |
| 5-Mar-21 | SUBSTANTIAL OXIDE GOLD ZONE EMERGING AT NE BANKAN PROJECT |
| 25-Feb-21 | MORE DEPTH EXTENSIONS FROM DRILLING BANKAN GOLD DISCOVERIES |
| 11-Feb-21 | HIGH GRADE DRILL RESULTS EXTEND BANKAN CK DISCOVERY TO NORTH |
| 28-Jan-21 | OUTSTANDING, WIDE GOLD INTERCEPT GROWS BANKAN AT DEPTH |
| 22-Jan-21 | BANKAN GOLD PROJECT DRILLING ACCELERATED |
These announcements are available for viewing on the Company's website under the Investors tab. Predictive confirms that it is not aware of any new information or data that materially affects the information included in any original ASX announcement.
ABOUT PREDICTIVE
Over the past 11 months, the Company has made two significant greenfield gold discoveries at Bankan, initially at the NE Bankan prospect, where the first phase of drilling has outlined a 1.6km long zone of shallow gold mineralisation, now with steadily increasing RC/DD drill coverage at depth. Bankan Creek is a satellite discovery 3km to the west of NE Bankan that has only been lightly tested but which bears the hallmarks of a strong gold mineralised system.
Figure 17 – Bankan Gold Project
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TENEMENT STATUS – MARCH 2021
| Name | Number | Location | Area(sq.km) | PDI equity | Change inequity |
|---|---|---|---|---|---|
| Kalinga | Arrêté 2014-294/MCE/SG/DGMGC | BurkinaFaso | 186 | 100% | Nil |
| Tantiabongou | Arrêté 2017-054/MCE/SG/DGMGC | BurkinaFaso | 50 | 100% | Nil |
| Tambifwanou | Arrêté 2017-119/MCE/SG/DGMGC | BurkinaFaso | 136 | 100% | Nil |
| Bongou | Arrêté 2017-121/MCE/SG/DGMGC | BurkinaFaso | 171 | 100% | Nil |
| Tamfoagou | Arrêté 2017-132/MCE/SG/DGMGC | BurkinaFaso | 0 | Surrendered | Nil |
| Bira | Arrêté 2016-129/MCE/SG/DGMGC | BurkinaFaso | 12 | 100% | Nil |
| Basieri | Arrêté 2017-133/MCE/SG/DGMGC | BurkinaFaso | 73 | 100% | Nil |
| Haoura | Arrêté 2018-232/MCE/SG/DGMGC | BurkinaFaso | 42 | 100% | Nil |
| Kokoumbo | Mining explorationpermit No. 307 | CoteD'Ivoire | 0 | Expired permit | Nil |
| Boundiali | Mining explorationpermit No. 414 | CoteD'Ivoire | 299 | 23.50% | Nil |
| Boundiali North | Mining explorationpermit | CoteD'Ivoire | 350 | Predictive CIearning 90%. PDIholds 23.5% ofPredictive CI | Nil |
| Kounahiri | Mining explorationpermit No. 317 | CoteD'Ivoire | 0 | Expired permit | Nil |
| Bassawa | Mining explorationpermit No. 570 | CoteD'Ivoire | 0 | Expired permit | Nil |
| Wendene | Mining explorationpermit No. 572 | CoteD'Ivoire | 400 | 0% (rights to bonuspayments onproduction) | Nil |
| Dabakala | Mining explorationpermit application | CoteD'Ivoire | 400 | 0% (rights to bonuspayments onproduction) | Nil |
| Beriaboukro(Toumodi) | Mining explorationpermit No. 464 | CoteD'Ivoire | 400 | Predictive CI canearn 85% in thepermit. PDI holds23.5% of PredictiveCI | Nil |
|---|---|---|---|---|---|
| Nil | |||||
| FerkessedougouNorth | Mining explorationpermit No. 367 | CoteD'Ivoire | 400 | Predictive CI canearn 85% in thepermit. PDI holds23.5% of PredictiveCI | Nil |
| Nil | |||||
| Bocanda North | Mining explorationpermit No. 844 | CoteD'Ivoire | 368 | Predictive 100%(Tanga Resourcesearning 80%) | Nil |
| Nonta | Exploration Permit | Guinea | 100 | Predictive 100% | Nil |
| Kankan | Exploration Permit | Guinea | 100 | Predictive 100% | Nil |
| Kaninko | Exploration Permit | Guinea | 100 | Predictive 100% | Nil |
| Saman | Exploration Permit | Guinea | 100 | Predictive 100% | Nil |
| Bokoro | Exploration Permit | Guinea | 100 | Predictive 100% | Nil |
| Argo | Exploration Permit | Guinea | 58 | Predictive – rightto earn 90% duringthe explorationphase | Nil |
| Koundian 1 | Exploration Permit | Guinea | 85 | Nil | |
| Koundian 2 | Exploration Permit | Guinea | 100 | Predictive – rightto earn 90% duringthe explorationphase | Nil |
| Koundian 3 | Exploration Permit | Guinea | 63 | Nil | |
| Koundian 4 | Exploration Permit | Guinea | 55 | Nil | |
| Cape Clear | EL 5434 | Victoria,Australia | 63 | 25% | Nil |
- END -
For further information please contact:
Paul Roberts Managing Director Tel: +61 402 857 249
Email: [email protected]
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