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PREDICTIVE DISCOVERY LIMITED — Investor Presentation 2014
Sep 3, 2014
65537_rns_2014-09-03_f177c9e6-1893-449d-a2bf-372bcf0c1323.pdf
Investor Presentation
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Africa Down Under Presentation 2014
Disclaimer
This presentation contains only a brief overview of Predictive Discovery Ltd and its associated entities (“PDI or Predictive") and their respective activities. The contents of this presentation, including matters relating to the geology of the projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.
This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Predictive’s control, may cause the actual results, performance and achievements of PDI to differ materially from those expressed or implied in this presentation.
To the maximum extent permitted by law, PDI does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of PDI, and will not be responsible for any loss or damage arising from the use of the information. The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Predictive or its activities.
Competent Person Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr Paul Roberts who is a Fellow of the Australian Institute of Geoscientists. Mr Paul Roberts is a full time employee of the company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined by the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. 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.
The Mineral Resource estimation and classification of Mineral Resources and Exploration Targets for the Bongou deposit is based on, and fairly represents, information and supporting documentation compiled by Mr Richard Gaze. Mr Gaze is a fulltime employee of Golder Associates Pty Ltd and a Member and Chartered Professional of the Australasian Institute of Mining and Metallurgy. Mr Gaze has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition). Mr Gaze consents to the inclusion of the estimates, classification and the supporting information in the form and context in which it appears.
PDI Sept 2014 Page 2
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Summary
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Objective: High grade, highly profitable old mines in West Africa g Bongou (Burkina Faso) the focus:
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:
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Maiden Mineral Resource Estimate (>50% Indicated category) • 2.2Mt at 2.6g/t Au (184,000oz)[1] including 1.1Mt at 3.8g/t Au (136,000oz)[1 ]
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Thick near surface mineralisation with good initial metallurgy
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• Potential extensions at depth and to SW plus Bongou-like ros ects within 2km radius
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p p
Initial encoura in results in Cote D’Ivoire g g Next steps:
- Exploration for more high grade gold within 20km of Bongou
1 Mineral Resource reported to ASX on 4th September 2014
PDI Sept 2014 Page 3
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ASX:PDI
- Corporate Summary
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Board Members
Mr. Phil Harman Non-Executive Chairman Extensive board experience, discovery track record, senior roles in BHP Mr. Paul Roberts Managing Director Discovery track record, global exploration experience Mr. Phil Henty Non-Executive Director Extensive corporate and stockbroking experience Mr Tim Markwell Non-Executive Director Fund manager, substantial mining industry and resource analyst experience
Capital Structure
Shares on Issue (ASX:PDI) 388 Million
Share Price A$0.011
Market Cap. (@0.011 ) A$ 4.3 million
Cash Position at 30 06 2014 A$ 0.9 million
Enterprise Value A$ 3.4 million
Debt Nil Top 20 Shareholders (%) 52%
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Aurora
Shareholders
Minerals
17%
Lowell
Resources
7%
Board and
management
Others 8%
68%
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PDI Aug 2014 Page 4
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West Africa Focus
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PDI Sept 2014 Page 5
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Strategic Ground Holding, East Burkina Faso
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PDI Sept 2014 Page 6
| Bongou – Mineral Resource Estimate Reported to ASX on 4th September 2014 PDI Sept 2014Page 7 Indicated Resources Inferred Resources Total Resources Cut- off grade Million tonnes Au (g/t)Ounces Million tonnes Au (g/t)Ounces Million tonnes Au (g/t) Ounces 0.4 1.21 2.54 99,000 1.33 2.13 91,000 2.55 2.32 190,000 0.8 1.14 2.67 98,000 1.09 2.48 86,000 2.22 2.58 184,000 2.0 0.64 3.64 75,000 0.49 3.90 61,000 1.13 3.75 136,000 3.0 0.34 4.68 52,000 0.28 4.95 45,000 0.62 4.80 96,000 |
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Bongou – high grade, thick, consistent
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Intensely altered pyritebearing mineralisation
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High grades on N contact
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Good continuity and extends to depth
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Note: drill assay data reported in PDI’s ASX releases dated 2[nd] December 2013, 16[th] December 2013, 20[th] March 2014 and 1[st] April 2014.
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PDI Sept 2014 Page 8
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What next for Bongou?
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- Maiden Resource of 184,000 ounces at 2.6g/t Au [1 ]
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70% of the Resource grades
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3.8g/t Au [1]
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Thick, high grade gold, favourable for open pit mining
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Potential for more gold mineralisation at depth and along strike
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Excellent potential for more highgrade gold within 20km of Bongou
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Other Bongou-like targets to be drilled in coming field season
Note: drill assay data reported in PDI’s ASX releases dated 2[nd] December 2013, 16[th] December 2013, 20[th] March 2014 and 1[st] April 2014.
- 1 Mineral Resource reported to ASX on 4th
PDI Sept 2014 Page 9
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Bongou – potential for more lenses
along strike to the SW
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PDI Sept 2014 Page
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Bongou – good preliminary metallurgy
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Rapid gold dissolution in first few hours
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Free gold and gold on or within pyrite
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Acceptable cyanide/lime consumption
50 microns
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Note: These metallurgical results were reported to the ASX on 14 May 2013. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported
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PDI Sept 2014 Page 11
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Bongou – nearby potential
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5 RC drill targets defined
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Gold in reconnaissance RC drilling and trenching – up to 15g/t Au
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Many small granites under cover, extending to east and west
Note: Power auger and RC/DD drill results reported to the ASX on 1/4/2014, 12/5/2014 and 30/7/2014
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PDI Sept 2014 Page 12
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Bongou-like gold mineralisation nearby
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Bongou W1 Prospect (left) located 250m W of Bongou (right)
Coarse pyrite and siliceous alteration at both locations
None at surface in W1 trench, more below?
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PDI Sept 2014 Page 13
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Priority areas targeting high grade
gold within 20km of Bongou
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PDI Sept 2014 Page 14
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Major untested potential in whole belt
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Bongou Structure - 80km+ of strike held 100% by PDI Widespread gold anomalies and many drill targets Abundant artisanal mine sites
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PDI Sept 2014 Page 15
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Large prospect pipeline in Eastern Burkina
(see appendices for labelled prospects)
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PDI Sept 2014 Page 16
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Cote D’Ivoire Progress
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Systematic approach to targeting
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1,534km[2] granted
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Kokumbo:
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Long history of gold mining
o Close to Bonikro/Agbaou
o Excellent infrastructure
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Boundiali:
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Along strike from Sissingue & Syama
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Encouraging initial results, especially from Kokumbo and Boundiali
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Seeking partners/private financing
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PDI Sept 2014 Page 17
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Kokumbo – large strong soil anomaly
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Compilation of
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historical data
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Gold soil anomaly,
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1.4km x 800m, close to historic Kokumbo gold mine
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Many values >1g/t Au.
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Historic drill results
nearby - up to 3m @12g/t Au.
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Historic trench results
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up to 64g/t Au.
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Most of the anomaly untested by drilling
Note: complied historical results reported to the ASX on 10/6/2014
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PDI Sept 2014 Page 18
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Boundiali – stream sediment results
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BLEG stream sediment geochemistry Large high grade discoveries by this method e.g. 2Moz 3g/t Au Perama Hill, Greece Very good anomaly, comparable with Perama Hill
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Note : geochemical results reported to the ASX on 4/8/2104
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PDI Sept 2014 Page 19
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Building on Bongou
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Continue to advance Bongou prospects;
o Systematic evaluation of potentially high grade targets within 20km of Bongou using geological understanding from Bongou to guide targeting
o Drill test newly defined targets
- Cote D’Ivoire:
o Low key work to follow up excellent first pass results
o Seek new financing arrangement to advance properties more quickly
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PDI Sept 2014 Page 20
Predictive Discovery Limited West African Gold Explorer
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Contact Details:
Level 2, 33 Ord St, West Perth, Western Australia 6005
Telephone: +61 8 9216 1020 (direct) +61 402 857 249 (mobile) +226 7427 4930 (Burkina Faso)
Email: [email protected]
Website:
www.predictivediscovery.com
PDI Sept 2014 Page 21
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Appendices – 1 Dave Prospect
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Note: drill results reported to the ASX in Quarterly Reports of September 2011, March 2012, June 2012, September 2012. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
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PDI Sept 2014 Page 22
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Appendices – 2 Bira Prospect
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Historic drilling results (Anmercosa – an Anglo American subsidiary):
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14.5m @3.1g/t Au
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• 13m @2.5g/t Au
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21m @ 1.7g/t Au
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• 20m @ 1.4g/t Au
Open to north and south and at depth New target to west
Note: historic drill results reported to the ASX on 25[th] January 2013. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported
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PDI Sept 2014 Page 23
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Appendices – 3 Bira Prospect
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Historic drilling results (Anmercosa – an Anglo American subsidiary):
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14.5m @3.1g/t Au
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• 13m @2.5g/t Au
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• 21m @ 1.7g/t Au
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• 20m @ 1.4g/t Au
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Good continuity
Open to depth/along strike
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Note: historic drill results reported to the ASX on 25[th] January 2013. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported
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PDI Sept 2014 Page 24
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Appendices – 4 Solna Prospect
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Multiple high grade intercepts:
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6m at 20g/t Au
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5.6m at 16g/t Au
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7m @ 13g/t Au
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2m @ 56g/t Au
Some continuity issues – requires close spaced drilling
Excellent preliminary metallurgy (96% in primary ore)
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Note: drill results reported to the ASX in Quarterly Reports of June 2011, December 2011, March 2012, June 2012, March 2013 and the preliminary metallurgical results were reported to the ASX on 14[th] May 2013. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported
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PDI Sept 2014 Page 25
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Appendices – 5 Tambiri Prospect
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Good grades &widths:
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5m at 17g/t Au
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9.3 at 4.9g/t Au
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8m @7.3g/t Au
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[email protected]/t Au
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Good continuity
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Open along strike
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Good preliminary metallurgy (94% recovery)
Note: drill results reported to the ASX in Quarterly Reports of June 2011, December 2011, March 2012, June 2012 and the preliminary metallurgical results were reported to the ASX on 14[th] May 2013. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported