PREDICTIVE DISCOVERY LIMITED — Interim / Quarterly Report 2021

Apr 29, 2021

Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

quarterly cash	flow report	flow report
Name of entity
PREDICTIVE DISCOVERY LTD
ABN11 127 171 877	Quarter ended (“current quarter”)
	31 March 2021
Consolidated statement of cash flows	Current quarter$A’000	Year to date (9months)$A’000
1.Cash flows from operating activities1.1Receipts from customers1.2Payments for(a) exploration & evaluation(b) development(c) production(d) staff costs(e) administration and corporate costs1.3Dividends received (see note 3)1.4Interest received1.5Interest and other costs of finance paid1.6Income taxes paid1.7Government grants and tax incentives1.8Other (provide details if material)11.9Net cash from / (used in) operatingactivities	(2,754)(355)1(1)-66	(6,421) 1(1,164)24(8)15194
	(3,043)	(7,380)

• 1 Updated to reclassify $127k to 2.1(c) PPE; $270k FX impact to section 4.5 in Q2.

• 2 Updated to reflect reclassification of $37k transaction share issue costs to section 3.4 in Q2.

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows	Consolidated statement of cash flows	Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter$A’000	Current quarter$A’000	Year to date (9months)$A’000
2.Cash flows from investing activities2.1Payments to acquire or for:(a) entities(b) tenements(c) property, plant and equipment(d) exploration & evaluation(e) investments(f)other non-current assets2.2Proceeds from the disposal of:(a) entities(b) tenements(c) property, plant and equipment(d) investments(e) other non-current assets2.3Cash flows from loans to other entities2.4Dividends received (see note 3)2.5Other (provide details if material)2.6Net cash from / (used in) investingactivities				(150)		(277)3
		(d) exploration(e) investment	& evaluations		0	0
	2.	(f)other non-2Proceeds from	current assetsthe disposal of:
		(a) entities(b) tenements
		(c) property, p	lant and equipment
	2.	(d) investment(e) other non-3Cash flows from	scurrent assetsloans to other entities		(42)6	(42)6
	2.	4Dividends recei	ved (see note 3)
	.2.	5Other (provide6Net cash from	etails if material)/ (used in) investing
					(186)	(313)
		activities
3Updated to include $127k PPE acquisition in Q2		dd ild	k PPE iii i
3.Cash flows from financing activities3.1Proceeds from issues of equity securities(excluding convertible debt securities)3.2Proceeds from issue of convertible debtsecurities3.3Proceeds from exercise of options3.4Transaction costs related to issues of equitysecurities or convertible debt securities3.5Proceeds from borrowings3.6Repayment of borrowings3.7Transaction costs related to loans andborrowings3.8Dividends paid3.9Other (provide details if material)3.10Net cash from / (used in) financingactivities				-(10)		10,591(690)4
				(10)		9,901

4 Updated to reflect $37k transaction costs related to issues of equity securities or convertible debt securities.

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows	Current quarter$A’000	Year to date (9months)$A’000
4.Net increase / (decrease) in cash andcash equivalents for the period
4.1Cash and cash equivalents at beginning ofperiod4.2Net cash from / (used in) operatingactivities (item 1.9 above)4.3Net cash from / (used in) investing activities(item 2.6 above)4.4Net cash from / (used in) financing activities(item 3.10 above)4.5Effect of movement in exchange rates oncash held4.6Cash and cash equivalents at end ofperiod	13,731(3,043)(186)(10)(25)	8,634(7,380)(313)9,901(375)
	10,467	10,467
5.Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accounts	Current quarter$A’000	Previous quarter$A’000
5.1Bank balances5.2Call deposits5.3Bank overdrafts5.4Other (provide details)5.5Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	10,43730	13,70130
	10,467	13,731
6.Payments to related parties of the entity and theirassociates		Current quarter$A'000
6.1Aggregate amount of payments to related parties and theirassociates included in item 11006.2Aggregate amount of payments to related parties and theirassociates included in item 2Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and anexplanation for, such payments.$100k Director Fees		100

.

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

7.7.17.27.37.47.57.6	Financing facilitiesNote: the term “facility’ includes all forms of financingarrangements available to the entity.Add notes as necessary for an understanding of thesources of finance available to the entity.Total facilityamount at quarterend$A’000Amount drawn atquarter end$A’000Loan facilitiesCredit standby arrangementsOther (please specify)Total financing facilitiesUnused financing facilities available at quarter endInclude in the box below a description of each facility above, including the lender, interestrate, maturity date and whether it is secured or unsecured. If any additional financingfacilities have been entered into or are proposed to be entered into after quarter end,include a note providing details of those facilities as well.	Total facilityamount at quarterend$A’000	Amount drawn atquarter end$A’000

8.	Estimated cash available for future operating activities	$A’000
8.18.28.38.48.58.68.78.8	Net cash from / (used in) operating activities (item 1.9)(3,043)(Payments for exploration & evaluation classified as investingactivities) (item 2.1(d))(0)Total relevant outgoings (item 8.1 + item 8.2)(3,043)Cash and cash equivalents at quarter end (item 4.6)10,467Unused finance facilities available at quarter end (item 7.5)-Total available funding (item 8.4 + item 8.5)10,467Estimated quarters of funding available (item 8.6 divided byitem 8.3)3.4Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”.Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.If item 8.7 is less than 2 quarters, please provide answers to the following questions:8.8.1Does the entity expect that it will continue to have the current level of net operatingcash flows for the time being and, if not, why not?	(3,043)(0)(3,043)10,467-
		10,467
	Answer: N/A
	8.8.2Has the entity taken any steps, or does it propose to take any steps, to raise furthercash to fund its operations and, if so, what are those steps and how likely does itbelieve that they will be successful?
	Answer: N/A

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

• 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer: N/A

Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.

Compliance statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

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

Date: ........................30 April 2021...........................................................

Authorised by: .......................The Board.......................................................

(Name of body or officer authorising release – see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [ name of board committee – eg Audit and Risk Committee ]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.

5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations , the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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