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PREDICTIVE DISCOVERY LIMITED Investor Presentation 2020

Sep 9, 2020

65537_rns_2020-09-09_818a4e2a-7111-4531-8ad8-232999b1f474.pdf

Investor Presentation

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10 September 2020

55M AT 2.94G/T GOLD – BROAD TRUE WIDTHS CONFIRMED AT BANKAN, GUINEA

Diamond Drilling Returns Wide Zones of Strong Gold in Fresh Rock

HIGHLIGHTS

  • Assay results received from a further 5 Diamond Drilling (DD) holes and 6 Reverse Circulation (RC) holes from the NE Bankan and Bankan Creek discoveries within the Bankan Project.

  • DD drilling has re-confirmed NE Bankan as a large mineralised system, with highly encouraging grades returned over large true widths in fresh rock (Figure 1). Significant DD intersections include:

  • KKODD011:

    • 55m at 2.94g/t gold from 97m, including 1m at 46.5g/t gold
  • KKODD009:

    • 30m at 2.65g/t gold from 101m, including 6m at 9.4g/t gold ,

    • 17m at 0.97g/t gold from 81m, and

    • 19m at 1.36g/t gold from 149m.

  • KKODD010:

    • 3m at 5.33g/t gold from 88m, including 1m at 15.2g/t gold.
  • Diamond drilling was directed from west to east and intersected the gold mineralisation in fresh rock almost at right angles to the mineralisation’s dip. True widths are interpreted to be 95% of downhole intercept lengths in the above 3 holes.

  • Holes KKODD009 and KKODD011 obtained multiple reportable gold intercepts across broad widths in fresh rock (see Figures 1 and 2 and Table 1):

  • KKODD009 – 8 intercepts exceeding 0.5g/t gold with a cumulative down-hole width of 87m (cumulative true width of 82.6m) and a length-weighted average grade of 1.64g/t gold[1] .

  • KKODD011 - 4 intercepts exceeding 0.5g/t gold with a cumulative down-hole width of 89m ( cumulative true width of 84.5m) and a length-weighted average grade of 2.08g/t gold[1] .

  • Neither hole tested the entire width of the known gold mineralised envelope. More drilling will be required in the next phase of drilling to complete the west to east drill coverage.

  • Gold mineralisation consists of pyrite-carbonate+/-quartz veins in a mineralised complex consisting of intensely altered mafic volcanics and steeply dipping granitic dykes.

  • Assays from a further 6-RC holes at NE Bankan and Bankan Creek were received as part of the Company’s 17-line infill drilling program, with better results including:

  • KKORC046 (NE Bankan): 59m at 0.7g/t gold from 3m, including 1m at 11.4g/t gold , and

  • KKORC051 (Bankan Creek): 15m at 0.9g/t gold from 7m.

1 Cumulative widths are down-hole widths of reported intercepts with average gold values above 0.5g/t gold added together for each hole. The weighted average gold grade calculation was made by adding together the gold “grade x width” values for each down-hole intercept and dividing by the cumulative down-hole width.

==> picture [519 x 414] intentionally omitted <==

Figure 1 – Bankan Project, Cross Section S1175260 - diamond drillhole KKODD011 drilled west to east< together with the previous RC and AC results

Commenting on the results, Managing Director Paul Roberts:

“We are very pleased with these first results from the west to east diamond drilling program at NE Bankan. We now believe that the main zone of gold mineralisation dips about 60 degrees towards the west, meaning that these new drill holes have intersected the mineralisation almost at right angles. Equally importantly, the earlier impression that gold grades may be higher in fresh rock than in the overlying saprolite is supported by the overall grades of the reported intercepts in holes KKODD009 and KKODD011, all obtained in fresh rock. This is a very positive outcome, suggesting that open pit mining at greater depths in fresh rock will be supported by better gold grades, and supporting our belief that we can target open-pittable gold mineralisation to a vertical depth of at least 200m.

Drill results to date have also highlighted the generally strong continuity of gold mineralisation at NE Bankan, both down-dip and across-dip. We are seeing long runs of good gold grades in both directions, suggesting excellent gold mineralisation continuity, which bodes well for the planned Maiden Resource Estimate.

Page 2 of 15

The drilling programs continue to make good progress with the RC rig now in the northern Saman permit and the DD rig continuing in the Kaninko permit. The DD rig has now completed 19 holes and continues to drill holes at both the NE Bankan and Bankan Creek prospects.

The initial Bankan drilling programs (“Bankan-1”) have consisted of approximately 17,000m of auger drilling, 2,200 of air-core drilling, 5,500m of reverse circulation drilling and 3,700m of diamond drilling, delivering two discoveries and confirming a large gold mineralised system which remains open at depth and along strike. As drilling takes a short break in the coming weeks, we look forward to completing a comprehensive geological review of the assay data to orient the second phase of Bankan drilling (“Bankan-2”) which is scheduled to begin in late October and will be designed to assist in moving the Bankan Project towards a Maiden Resource Estimate by mid-2021.

NEXT STEPS

  • The Bankan-1 RC-DD program is still ongoing and will continue until mid-September before a month-long hiatus. The Company expects ongoing receipt of assays for over a month, with approximately 4,000 samples awaiting assay in several West African laboratories.

  • Upon completion of the current drill program, results will be compiled and a geological review undertaken with assistance of a resource geologist to guide drilling orientation and spacing for the Bankan-2 program, to help drive towards the Company’s planned Maiden Resource Estimate, targeted for Q2 2021.

  • At the Company’s Koundian Permit, a large soil sampling and ground magnetics program has been completed, with results to vector down on potential drilling targets. Results of both programs will be released when all soil and rock chip samples have been received.

Predictive Discovery Limited (“Predictive” or “Company”) ( ASX: PDI ) is pleased to announce further results from its flagship Bankan Project, located within Guinea’s Siguiri Basin.

Predictive’s initial drilling program (referred to as Bankan-1) has been focused on understanding the nature, orientation and scale of gold mineralisation across the Bankan Project, focusing on the NE Bankan and Bankan Creek discoveries.

The Bankan Project comprises the NE Bankan Prospect, a 1.6km-long auger gold trend, Bankan Creek, a second prospect located 3km southwest of NE Bankan, along with several more power auger defined prospects on the Kaninko and Saman permits. The Bankan-1 drill program to date has consisted of 17,000m of auger drilling, 2,200 of air-core drilling, 5,500m of reverse circulation drilling and 3,700m of diamond drilling.

Evaluation of the Bankan Project is ongoing with the latest round of results reported in this announcement and presented in the Bankan Project drilling plan (Figure 2).

NE BANKAN DRILL RESULTS (DD/RC)

The latest drilling continues to successfully intersect gold mineralisation across the known power auger gold-anomalous zone as well as at depth. The main NE Bankan prospect remains open, with drilling ongoing at depth (from west to east) and along strike to the north.

Page 3 of 15

==> picture [519 x 361] intentionally omitted <==

Figure 2 – Bankan Project, NE Bankan Prospect drill hole locality plan showing positions of new DD and RC drill holes reported in this release with previous DD, RC and AC and power auger results, and pending assays.

DD hole KKODD011 was the deepest hole recorded to date at 242m (188m vertical), which included 55m at 2.94g/t gold from 94m and included a deeper section which returned 29m at 0.66g/t gold from 189m.

The diamond drilling was designed to test the true width of previously intersected mineralisation, with holes orientated in a west to east direction. Three holes which drilled in this direction are reported here – KKODD009, KKODD010 and KKODD011. Of these, the first and third holes were designed to test part of the central part of the discovery, which appears to contain a much broader gold mineralised envelope and generally higher grades and widths. Both holes intersected a series of apparently sub-parallel gold mineralised zones dipping at approximately 60 degrees towards the west. The width of overall grade of gold mineralisation in fresh rock indicates that overall gold grades may increase somewhat in the fresh rock. It is possible that gold mineralisation in the (deeply weathered) saprolite may have been remobilised laterally at shallow levels, thereby generating slightly lower overall gold grades, narrowing slightly into higher grade zones at or near the fresh rock transition. This idea will be further tested in the next drilling program by shallower west to east orientated RC drill holes.

Gold grades are quite evenly distributed through the mineralisation especially in the higher-grade gold intercepts (see Table 2).

Page 4 of 15

Gold mineralisation in the currently reported DD holes is hosted in intensely altered mafic volcanics intruded by granitic dykes (Figure 4). Gold grade distribution appears to be controlled by both the north-south granitic dyke orientation and several pyrite-carbonate+/-quartz vein sets. At this stage, no single controlling fault or shear zone has been identified and logging completed to date has not yet indicated a diagnostic set of minerals or alteration which maps gold distribution. Planned programs of trace element analysis and petrological studies may help improve understanding of the mineralisation and mineral components more closely associated with gold grades. Spectral analysis will also be considered once the appropriate equipment can be sourced.

All results are reported in Table 1 and illustrated on Figures 1-3. The DD and RC programs were and are currently being undertaken by Bays Drilling. All the diamond drill core was cut and assayed, mostly in 1m intervals, with the samples analysed by fire assay at the SGS laboratory in Bamako, Mali.

==> picture [519 x 406] intentionally omitted <==

Figure 3 - Bankan Project, Cross Section S1175180 - diamond drillhole KKODD009 drilled west-east overlain previous RC and AC results

==> picture [521 x 46] intentionally omitted <==

Page 5 of 15

==> picture [455 x 180] intentionally omitted <==

Figure 4: Close up of drill core from hole KKODD011 – 120-121m (7.18g/t Au) - altered feldspathic intrusive and mafic volcanic.

==> picture [431 x 428] intentionally omitted <==

Figure 5 – Bankan Project, 5-months of power auger drilling programs growing the NE Bankan Discovery.

Page 6 of 15

BANKAN DISCOVERY BACKGROUND

In early July 2019, the Company announced the granting of its Flagship Kaninko Project - now referred to as the Bankan Project (Bankan) - which was originally identified through a district-scale analysis of the Siguiri Basin utilising the Company’s Predictore[TM] methodology.

Through aggressive, targeted and low-cost exploration, the Company progressed the Bankan Project from a greenfields tenement with no known history of past exploration, to a property on which significant gold mineralisation has now been identified.

With initial exploration completed, the exploration team had identified two strong zones of anomalous mineralisation and undertook a shallow power auger drilling program. with encouraging intervals including 11.90g/t gold, 10.30g/t gold, 4.84g/t gold, and 2.27g/t gold. The Company has continued to undertake auger programs, growing the discovery footprint and providing new targets for follow-up drilling (Figure 5).

ABOUT PREDICTIVE

The Bankan Project is located within Guinea’s Siguiri Basin, which hosts AngloGold’s large Siguiri Mine (+10Moz). The Company holds approximately 799km[2 ] of highly prospective ground in this world-class region. Predictive is a well-funded exploration specialist, focused on district-scale greenfields gold discovery in West Africa.

The Company began identifying permits across the Siguiri Basin (Figure 6) in early 2018 and have since built up a strong land position with multiple highly prospective projects, permits and applications.

==> picture [373 x 307] intentionally omitted <==

Figure 6 - Location of Predictive permits in Guinea. The Kaninko and Saman permits together constitute the Bankan Project.

Page 7 of 15

TABLE 1 – BANKAN PROJECT - DIAMOND AND REVERSE CIRCULATION DRILL HOLE RESULTS

Hole No. Prospect UTM
29N
East
UTM
29N
North
RL
(GPS)

Hole
azimuth

Hole
dip

Hole
depth

0.25g/t gold cut-off
(estimated true
widths shown in
brackets where
interpretable)

0.25g/t gold cut-off
(estimated true
widths shown in
brackets where
interpretable)

0.25g/t gold cut-off
(estimated true
widths shown in
brackets where
interpretable)
0.5g/t gold cut-off 0.5g/t gold cut-off 0.5g/t gold cut-off Comments
From Interval Au g/t From Interval Au
**g/t **
KKODD009 NE Bankan 396691 1175182 432 90 -50 224.7
72
4(3.8) 0.96 73 3 1.18
17 81 3 1.06
81 0.97
(16.2)
87 11 1.10
30 101 2.99 Includes 6m @ 9.4g/t Au from
101 2.64 26
(28.4) 113m
135 1(0.95) 2.96 135 1 2.96
143 2(1.9) 1.70 143 2 1.70
149 19
(18.0)
1.36 151 10 1.93
163 5 1.10
175 3(2.8) 1.67 175 3 1.67
199 11
(10.4)
0.56 199 8 0.65
KKODD010 NE Bankan 396690 1175500 413 90 -50 203.5
25
8 (7.6) 0.67 26 6 0.78
56 11
(10.4)
0.61 57 7 0.77
81 1 (0.95) 4.58 81 1 4.58
88 7.85 includes 1m @ 15.2g/t Au from
88 3 (2.8) 5.32 2
89m
129 10 (9.5) 0.39
KKODD011 NE Bankan 396640 1175259 426 90 -50 242.5 55 99 3.14 Includes 1m @ 46.5g/t Au from

97
2.94 51
(52.2) 144m
167 8 (7.6) 0.34
29 190 9 0.99
189 0.66
(27.5)
202 5 0.62
215 3 1.03
229 5 (4.7) 0.89 232 2 1.74
KKODD007 NE Bankan 397044 1175366 418 315 -50 200.3
2
4 0.55 3 1 1.11
33 1 1.59 33 1 1.59
36 3 0.39
45 2 0.65
133 2 0.51
147 7 0.34
159 6 0.57 159 1 2.05
KKODD008 NE Bankan 396869 1175500 407 270 -50 201 4 6 0.30
35 6 0.64
37 4 0.82
55 1 1.85
KKORC013 NE Bankan 396920 1175024 435 270 -50 100 8 3.32 ASX release 7 August 2020.
Includes 4m @ 13.62 g/t Au
1 35 2.36 23
33 2 1.29 ASX Release 7 August 2020
41 4 1.38 42 3 1.75
48 4 2.22 48 4 2.22

Page 8 of 15

54 2 0.68
63 16 1.02 ASX release 7 August 2020
Intersection updated
61 39 2.11
86 4.54
ASX release 7 August 2020.
Stopped in gold mineralisation.
14 Includes 3m @ 8.32 g/t Au from
88m and 3m at 9.31g/t Au from
94m
KKORC046 NE Bankan 396771 1175500 411 270 -50 100 3 59 0.66 6 6 2.34 Includes 1m @ 11.4 g/t Au from
6m
17 4 0.80
31 8 0.74
42 8 0.52
53 2 0.69
69 31 0.41 77 3 1.13
KKORC047 NE Bankan 397022 1175420 418 270 -50 100 83 3 0.57 84 1 1.08 ASX Release 27 August 2020
99 1 1.12 99 1 1.12
KKORC049 NE Bankan 396923 1175421 416 270 -50 100 4 3 0.27 ASX Release 27 August 2020
39 10 0.47 42 6 0.61
63 4 0.54 63 2 0.82
75 3 0.60 75 2 0.70
KKORC050 Bankan
Creek
393695 1173966 379 240 -50 100 2 4 0.40
80 1 1.15 80 1 1.15
95 4 1.07 95 2 1.96
KKORC051 Bankan
Creek
393487 1173940 376 240 -50 90 7 15 0.86 7 12 0.98
25 3 0.44
32 4 0.38
39 19 0.40 45 6 0.56
61 5 0.41 ASX Release 27 August 2020
73 11 0.41
87 3 1.46 87 3 1.46
Note: All RC holes contain some damp to wet samples.

Section 1: Sampling Techniques and Data

Criteria

Sampling Technique

JORC Code

Explanation

Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report.

Commentary

Samples assayed were cut drill core and reverse circulation (RC) drill chips.

Core was cut in half with a core saw where competent and with a knife in soft saprolite in the upper sections of the diamond drill holes.

One metre RC chip samples were riffle split producing samples which weighed 2-3kg for submission to the assay laboratory. Duplicate samples were also retained for re-assay.

Sampling was supervised by qualified geologists.

Samples were dried, crushed and pulverised at the SGS laboratory in Bamako to produce a 50g fire assay charge.

In cases where ‘industry standard’ work has been done this would be

Page 9 of 15

relatively simple (eg ‘reverse
circulation drilling was used to
obtain 1 m samples from which 3
kg was pulverised to produce a 30
g charge for fire assay’). In other
cases more explanation may be
required, such as where there is
coarse gold that has inherent
sampling problems. Unusual
commodities or mineralisation
types (eg submarine nodules) may
warrant disclosure of detailed
information.
Drilling Drill type (eg core, reverse
circulation, open- hole hammer,
rotary air blast, auger, Bangka,
sonic, etc) and details (eg core
diameter, triple or standard tube,
depth of diamond tails, face-
sampling bit or other type,
whether core is oriented and if so,
by what method, etc).
Drill types were a diamond drill rig collecting PQ, HQ and NQ core and
a separate reverse circulation rig using a 118mm diameter reverse
circulation hammer.
Drill Sample
Recovery
Method of recording and
assessing core and chip sample
recoveries and results assessed.
Measures taken to maximise
sample recovery and ensure
representative nature of the
samples.
Whether a relationship exists
between sample recovery and
grade and whether sample bias
may have occurred due to
preferential loss/gain of
fine/coarse material.
Drill core:
Sample recoveries were measured in the normal way for diamond drill
core. Core recoveries were generally excellent except for the saprolite
where some core loss was experienced owing to clayey core being washed
out in the diamond drilling process. Given that most of these saprolite
core loss zones were obtained in mineralised intervals, grade is probably
underestimated in those sections as zones of core loss are assumed to
contain no gold.
Significant sample bias is not expected with cut core.
RC chips:
Each 1 metre drill sample was weighed.
Sample recoveries were in general high and no unusual measures were
taken to maximise sample recovery.
Significant sample bias is not expected with riffle splitting of RC chips.
Logging Whether core and chip samples
have been geologically and
geotechnical logged to a level of
detail to support appropriate
Mineral Resource estimation,
mining studies and metallurgical
studies.
Whether logging is
qualitative or quantitative
in nature. Core (or
costean/Trench, channel,
etc) photography.
The total length and percentage
of the relevant intersections
logged.
All drill samples were logged systematically for lithology, weathering,
alteration, veining, structure and minor minerals. Minor minerals were
estimated quantitively. A core orientation device was employed enabling
orientated structural measurements to be taken.
Sub-Sampling
Technique and
Sample
Preparation
If core, whether cut or sawn and
whether quarter, half or all core
taken. If non-core, whether
riffled, tube sampled, rotary split,
etc and whether sampled wet or
dry.
For all sample types, the nature,
quality and appropriateness of the
sample preparation technique.
Quality control procedures
adopted for all sub-sampling
stages to maximise representivity
of samples.
Measures taken to ensure that the
sampling is representative of the in
situ material collected, including for
instance results for field
The diamond drill samples were collected by longitudinally splitting
core using a core saw or a knife where core was very soft and clayey.
Half of the core was sent off to the laboratory for assay. The sampling
method is considered adequate for a diamond drilling program of this
type.
The RC samples were collected by riffle splitting samples from large
bags collected directly from the cyclone on the drill rig. Sample
condition is generally dry or moist, however some samples are wet.
One field duplicate was taken and assayed every 50m.The sampling method
is considered adequate for an RC drilling program of this type.

Page 10 of 15

duplicate/second-half sampling.
Whether sample sizes are
appropriate to the grain size of the
material being sampled.
Quality of Assay
Data and
Laboratory Tests
The nature, quality and
appropriateness of the assaying
and laboratory procedures used
and whether the technique is
considered partial or total.
For geophysical tools,
spectrometers, handheld XRF
instruments, etc, the parameters
used in determining the analysis
including instrument make and
model, reading times, calibrations
factors applied and their
derivation, etc.
Nature of quality control
procedures adopted (eg
standards, blanks, duplicates,
external laboratory checks) and
whether acceptable levels of
accuracy (ie lack of bias) and
precision have been established.
All samples were assayed by SGS technique FAA505 for gold with a
detection limit of 5ppb Au. All samples with gold values exceeding 10g/t
Au were re-assayed using SGS method FAA515 with a detection limit of
0.01g/t Au.
Field duplicates, standards and blank samples were each submitted for
every 15 samples on a rotating basis.
Duplicate and standards analyses were all returned were within
acceptable limits of expected values.
Verification of
Sampling and
Assaying
The verification of significant
intersections by either
independent or alternative
company personnel.
The use of twinned holes The
verification of significant
intersections by either
independent or alternative
company personnel. Discuss any
adjustment to assay data
At this stage, the intersections have not been verified independently.
No twin holes were drilled in the holes reported here but some drilling
has been done previously sufficiently close to a previously drilled hole
to provide confirmation of the location of mineralisation. Specifically
KKODD002 was drilled close to Air Core Hole KKOAC001 and
demonstrated that that similar, consistent gold mineralisation was
present in the near surface.
Location of Data
points
Accuracy and quality of surveys
used tolocate drill holes (collar
and down- hole surveys),
trenches, mine workings and other
locations used in Mineral
Resource estimation.
Specification of the grid system
used Quality and adequacy of
topographic control
Drill hole collar locations were recorded at the completion of each hole
by hand-held GPS.
Positional data was recorded in projection WGS84 Zone 29N.
Hole locations will be re-surveyed using a digital GPS system later.
Data Spacing
and Distribution
Data spacing for reporting of
Exploration Results
Whether the data spacing and
distribution is sufficient to
establish the degree of geological
and grade continuity appropriate
for the Mineral Resource and Ore
Reserve estimation procedure(s)
and classifications applied.
Whether sample compositing has
been applied
The reported diamond drill holes were designed to explore the gold
mineralised system in fresh rock. Single DD holes are in the process of
being drilled on most 80m spaced sections in the 1km long zone tested
previously with RC drilling
The adequacy of the current drill hole spacing for Mineral Resource
estimation is not yet known as an appropriate understanding of
mineralisation continuity has not yet been established
Orientation of
Data in Relation
to Geological
Structure
Whether the orientation of
sampling achieves unbiased
sampling of possible structures
and the extent to which this is
known, considering the deposit
type.
If the relationship between the
drilling orientation and the
orientation of key mineralised
structures is considered to have
introduced a sampling bias, this
should be assessed and reported
if material.
There is very limited outcrop in the immediate area but based on the
small number of geological observations and the overall strike of the
anomaly, an east west line orientation with holes inclined to the west was
considered most likely to test the target mineralised zone. Results from
earlier drilling has now determined that the overall dip of the gold
mineralised envelope is to the west. Three of the diamond drill holes
reported in this release were drilled from west to east to obtain true
widths through the gold mineralisation. The other diamond drill holes and
the RC holes reported here were drilled mostly from east to west or from
NE to SW.
Sample Security The measures taken to ensure
sample security
Core trays and RC chips are stored in a guarded location close to the
nearby Bankan Village. Coarse rejects and pulps will be eventually
recovered from SGS in Bamako and stored at Predictive’s field office
in Kouroussa.

Page 11 of 15

Audits or Reviews The results of any audits or
reviews of sampling techniques
and data
No reviews or audits of sampling techniques were conducted.
Section 2 Reporting of Exploration Results
Mineral
Tenement and
Land Tenure
Status
Type, reference name/number,
location and ownership including
agreements or material issues with
third partiessuch asjoint
ventures, partnerships, overriding
royalties, native title interests,
historical sites, wilderness or
national park and environmental
settings.
The security of the tenure held at
the time of reporting along with
any known impediments to
obtaining a licence to operate in
the area.
The Kaninko Reconnaissance Authorisation was granted to a
Predictive subsidiary in Guinea in June 2019. It was converted to an
Exploration Permit in early October 2019. It is 100% owned by
Predictive.
Exploration Done
by Other Parties
Acknowledgment and
appraisal of exploration by
other parties.
Predictive is not aware of any significant previous gold exploration over
the permit.
Geology Deposit type, geological setting
and style of mineralisation.
The geology of the Kaninko permit consists of mafic volcanics and
intrusives, granitic rocks and minor metasediments.
Drill Hole
Information
A summary of all information
material to the understanding of
the exploration results including a
tabulation of the following
information for all Material drill
holes:

easting and northing of
the drill hole collar

elevation or RL (Reduced
Level – elevation above sea
level in metres) of the drill
hole collar

dip and azimuth of the hole

down hole length and
interception depth

hole length

If the exclusion of this
information is justified on
the basis that the
information is not Material
and this exclusion does not
detract from the
understanding of the report,
the Competent Person
should clearly explain why
this is the case.
See Table 1 and the accompanying notes in these tables.
Data
Aggregation
Methods
In reporting Exploration Results,
weighting averaging techniques,
maximum and/or minimum grade
truncations (eg cutting of high
grades) and cut-off grades are
usually Material and should be
stated.
Where aggregate intercepts
incorporate short lengths of high
grade results and longer lengths of
low grade results, the procedure
used for such aggregation should
be stated and some typical
examples of such aggregations
should be shown in detail.
The assumptions used for any
reporting of metal equivalent
values should be clearlystated.
Diamond and RC drill sampling was generally in one metre intervals.
Up to 2m (down-hole) of internal waste is included for results reported at
both the 0.25g/t Au and 0.5g/t Au cut-off grades.
Mineralised intervals are reported on a weighted average basis.
Relationship
Between
Mineralisation
Widths and
Intercept Lengths
These relationships are particularly
important in the reporting of
Exploration Results
If the geometry of the
mineralisation with respect to
the drill hole angle is known, its
nature should be reported. If it is
True widths have only been estimated for the three west to east
diamond drill holes. The overall orientation of mineralised zones on
the other drilled lines is not yet properly understood.

Page 12 of 15

not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Balanced Reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. Other Other exploration data, if Substantive meaningful and material, should Exploration be reported including (but not Data limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. Further Work The nature and scale of planned further work (eg tests for lateral extensions or large scale step out drilling. Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

An appropriate map and cross sections are included in this release (Figures 1-3). Comprehensive reporting of the drill results is provided in Table 1.

All other exploration data on this area has been reported previously by PDI.

These results form part of a large ongoing program of RC and diamond drilling.

Page 13 of 15

TABLE 2 – BETTER INTERCEPTS FROM HOLES KKODD009/11 ILLUSTRATING GOLD GRADE CONSISTENCY

HoleID Depth
From

Depth
To

Interval
Au g/t
average
HoleID Depth
From
Depth
To
Interval Au g/t
average
HoleID Depth
From
Depth
To
Interval Au g/t
average
KKODD009
101
102 1 0.85 KKODD009
130
131 1 0.35 KKODD011
124
125 1 4.72
KKODD009
102
103 1 0.41 KKODD011
125
126 1 5.84
KKODD009
103
104 1 0.26 KKODD011
97
98 1 0.34 KKODD011
126
127 1 2.00
KKODD009
104
105 1 0.96 KKODD011
98
99 1 0.45 KKODD011
127
128 1 4.04
KKODD009
105
106 1 1.48 KKODD011
99
100 1 1.99 KKODD011
128
129 1 2.08
KKODD009
106
107 1 1.83 KKODD011
100
101 1 0.34 KKODD011
129
130 1 7.41
KKODD009
107
108 1 1.35 KKODD011
101
102 1 1.64 KKODD011
130
131 1 1.39
KKODD009
108
109 1 1.37 KKODD011
102
103 1 3.17 KKODD011
131
132 1 1.38
KKODD009
109
110 1 1.44 KKODD011
103
104 1 2.58 KKODD011
132
133 1 0.97
KKODD009
110
111 1 1.09 KKODD011
104
105 1 4.44 KKODD011
133
134 1 1.11
KKODD009
111
112 1 1.13 KKODD011
105
106 1 4.93 KKODD011
134
135 1 1.84
KKODD009
112
113 1 1.89 KKODD011
106
107 1 5.42 KKODD011
135
136 1 1.34
KKODD009
113
114 1 6.49 KKODD011
107
108 1 0.77 KKODD011
136
137 1 2.64
KKODD009
114
115 1 3.25 KKODD011
108
109 1 1.38 KKODD011
137
138 1 1.12
KKODD009
115
116 1 23.00 KKODD011
109
110 1 1.51 KKODD011
138
139 1 0.56
KKODD009
116
117 1 12.30 KKODD011
110
111 1 2.28 KKODD011
139
140 1 1.38
KKODD009
117
118 1 6.98 KKODD011
111
112 1 2.55 KKODD011
140
141 1 0.82
KKODD009
118
119 1 4.40 KKODD011
112
113 1 1.00 KKODD011
141
142 1 0.36
KKODD009
119
120 1 0.92 KKODD011
113
114 1 1.46 KKODD011
142
143 1 0.96
KKODD009
120
121 1 0.65 KKODD011
114
115 1 0.82 KKODD011
143
144 1 1.51
KKODD009
121
122 1 0.35 KKODD011
115
116 1 0.93 KKODD011
144
145 1 46.50
KKODD009
122
123 1 0.60 KKODD011
116
117 1 5.75 KKODD011
145
146 1 1.38
KKODD009
123
124 1 0.64 KKODD011
117
118 1 1.85 KKODD011
146
147 1 0.70
KKODD009
124
125 1 0.83 KKODD011
118
119 1 3.98 KKODD011
147
148 1 3.11
KKODD009
125
126 1 2.38 KKODD011
119
120 1 2.56 KKODD011
148
149 1 1.00
KKODD009
126
127 1 1.14 KKODD011
120
121 1 7.18 KKODD011
149
150 1 0.51
KKODD009
127
128 1 0.22 KKODD011
121
122 1 0.81 KKODD011
150
151 1 0.38
KKODD009
128
129 1 0.26 KKODD011
122
123 1 1.18 KKODD011
151
152 1 0.37
KKODD009
129
130 1 0.57 KKODD011
123
124 1 3.00

Predictive advises that it is not aware of any new information or data that materially affects the exploration results contained in this announcement.

Competent Persons Statement

The exploration results reported herein 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 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.

Page 14 of 15

This announcement is authorised for release by Predictive Managing Director, Paul Roberts. For further information visit our website at www.predictivediscovery or contact:

Paul Roberts

Managing Director

Tel: +61 402 857 249 Email: [email protected]

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@Predictive_PDI @Predictive Discovery

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