PREDICTIVE DISCOVERY LIMITED — Investor Presentation 2020

May 20, 2020

EXCITING NEW GOLD DISCOVERY IN GUINEA’S SIGUIRI BASIN CORPORATE PRESENTATION MAY 2020 | ASX:PDI

Forward looking statements and 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 and the near-Bongou Exploration Target 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 for the Bongou deposit is based on, and fairly represents, information and supporting documentation compiled by Mr Richard Gaze. Mr Gaze is a full-time 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.

==> picture [175 x 74] intentionally omitted <==

May 2020 Investor Presentation | 2

Well-funded exploration specialists focused on district-scale greenfields gold discovery in West Africa

==> picture [91 x 91] intentionally omitted <==

----- Start of picture text -----

1
----- End of picture text -----

Predictive has spent 10 years building a large landholding across West Africa

► 18 projects totalling 6,000km[2 ] across Guinea, Cote D’Ivoire and Burkina Faso

==> picture [91 x 91] intentionally omitted <==

----- Start of picture text -----

2
----- End of picture text -----

During this time, the Company has made several significant gold discoveries…

• Bongou Gold Deposit: 184,000oz @ 2.6g/t gold

• Nyangboue: 30m at 8.3g/t gold & 28m at 4.04g/t gold

• Ouarigue South: 45.3m at 3.16g/t gold from 45.9m including 9m at 10.31g/t gold

…in early 2019 the Company began work in Guinea’s Siguiri Basin…

==> picture [91 x 91] intentionally omitted <==

----- Start of picture text -----

3
----- End of picture text -----

• Early exploration across four permits included rock/soil geochemistry, BLEG stream sediment sampling, power auger drilling and trenching

• The Company narrowed its focus to the Kaninko Gold Project which showed the most promise

…the first drilling program at Kaninko was a success…

==> picture [91 x 91] intentionally omitted <==

----- Start of picture text -----

4
----- End of picture text -----

• 46m (to EOH) at 6.58g/t gold including 10m at 26.52g/t gold

• 42m (to EOH) at2.92g/t gold from 8m

• 50m (to EOH)at 1.53 g/t gold from surface including 20m at2.51 g/t gold from 30m

…confirming a new gold discovery at the NE Bankan prospect.

==> picture [175 x 74] intentionally omitted <==

==> picture [576 x 551] intentionally omitted <==

May 2020 Investor Presentation | 3

A high-quality gold portfolio with 100%-owned projects and a joint venture with Resolute Mining

==> picture [80 x 79] intentionally omitted <==

Kaninko Gold Project, Guinea

• Flagship project and a new greenfield gold discovery

• 46m (to EOH) at 6.58g/t gold including 10m at 26.52g/t gold[1]

• 100%-owned , shallow, saprolite hosted gold mineralisation

• Remains open to the North and South

• 50,000m of power auger, RC and DD drilling underway

==> picture [79 x 79] intentionally omitted <==

Koundian Project, Guinea

• New, right to acquire 100%, limited historical, confirmed high-grade gold[2]

• 4m at 19.80g/t gold from 50m, 2m at 7.00g/t gold from 44m

• Located along strike from 2 Moz Tri-K gold deposits

==> picture [79 x 79] intentionally omitted <==

Ferkessedougou North, Cote D’Ivoire

• JV with Resolute Mining, Ouarigue South Prospect

• 45.3m at 3.16g/t gold from 45.9m including 9m at 10.31g/t gold[3]

• Infill and extension planned to further test down dip extent

==> picture [175 x 74] intentionally omitted <==

• 1ASX Announcement – 15 April 2020

• 2ASX Announcement – 7 April 2020

• 3ASX Announcement – 4 June 2019

==> picture [693 x 575] intentionally omitted <==

May 2020 Investor Presentation | 4

Corporate Overview

CAPITAL STRUCTURE

636m $1.9m[*] SHARES CASH AS AT ON ISSUE 15[th ] of April 2020 $43.9mMKT CAP at A$0.069[$42.0m] ENTERPRISE VALUE

94m OPTIONS Exc. at $0.018

TOP 4 HOLDERS CAPITAL DI - 14.15%

AURORA MINERALS - 7.81% HSBC LIMITED - 5.92% LOWELL RESOURCES - 5.73%

*$9m in additional funds (180m more shares) expected from recently announced capital raising - ASX Announcement 05/05/2020

48 Hours When Predictive Shook The ASX

733% single largest 1-day gain on the ASX in the past 3 years

+1 Billion shares traded in 48 hours across ASX and Chi-X+

Transformational 2 Months

15/04 - Outstanding Drill Results from New Gold Discovery in Guinea 16/04 - Diamond Drilling Extends Gold Mineralisation at Ouarigue CDI 27/04 - 44m at 2.06g/t gold from Bankan Creek, Kaninko, Guinea 30/04 - Final Drill Results, Bankan Creek, Kaninko Project, Guinea 05/05 - Transformational Capital Raising to Advance Kaninko Guinea

Wednesday 15[th] April

==> picture [182 x 77] intentionally omitted <==

May 2020 Investor Presentation | 5

One of West Africa’s most respected exploration focused teams supported by a disciplined commercial Board

An accomplished exploration team who have made significant gold finds…

- …and a disciplined Board of commercially focused executives who fund high quality exploration

==> picture [138 x 135] intentionally omitted <==

PAUL ROBERTS

BSc, MSc, FAIG

Managing Director

Paul is a geologist with 11 years experience working in West Africa and is associated with a number of discoveries including the Henty gold deposit in Tasmania, and the PDI Kaninko discovery.

==> picture [137 x 135] intentionally omitted <==

PHILLIP JACKSON

B. Juris (LLB), MBA, FAICD

Non-executive Chairman

Phillip has had a long career in the petroleum and mining industries along with extensive experience as a public company director, particularly in the resources sector.

==> picture [140 x 138] intentionally omitted <==

==> picture [138 x 136] intentionally omitted <==

BARRY MURPHY

B.A, Hons, Ph.D

Chief Geologist

Barry is a structural geologist with 10+ years experience working in West Africa with experience in Australia, Sudan, DRC, South America, Indonesia and Europe. Barry played a major role in the the regional targeting work that led to the Kaninko discovery.

AIME NGANARE

MSc, MBA

Principal Geologist

Aimé has over 18 years of experience in orogenic gold exploration in Central and West Africa, including his role as General Manager of the Geological Survey of the Central African Republic.

==> picture [137 x 135] intentionally omitted <==

STEVEN MICHAEL

B.Com, CA, MAICD

Non-executive Director

Steven has over 25 years’ experience in the global resources sector specialising in corporate finance and equity capital markets.

==> picture [175 x 74] intentionally omitted <==

May 2020 Investor Presentation | 6

Kaninko Discovery Guinea

==> picture [175 x 74] intentionally omitted <==

==> picture [716 x 691] intentionally omitted <==

May 2020 Investor Presentation | 7

Power auger drilling outlined the NE Bankan Creek Prospect , a 12.8 ha north-north-east trending gold zone, open to the north and south

• Negligible previous exploration

• Initial Authorisation granted in June 2019, then Permit grant in October 2019

• Initial work - geology, rock/soil geochemistry, BLEG stream sediment sampling

• Power auger drilling and trenching on NE Bankan and Bankan Creek

• at NE

• 12.8 ha +0.25g/t Au power auger anomaly Bankan (average of 18 holes 1.5g/t Au[1] )

• DRILL DISCOVERY at NE Bankan Creek announced to ASX on 15 April 2020

==> picture [175 x 74] intentionally omitted <==

==> picture [751 x 573] intentionally omitted <==

1ASX Announcement – 19 March 2020

May 2020 Investor Presentation | 8

First-up AC/RC drilling returned thick, high-grade gold intersections , from surface to a depth of 50m

• 46m (to EOH) at 6.58 g/t gold from 4m including:

• 10m at 26.52 g/t gold from 34m

• 42m (to EOH) at 2.92 g/t gold from 8m

• 50m (to EOH) at 1.53 g/t gold from surface including:

• 20m at 2.51 g/t gold from 30m

• 42m at 1.56g/t gold from surface including:

• 30m at 2.07 g/t gold from 12m

• 20m at 1.35g/t gold from surface

• 50m (to EOH) at 1.27 g/t gold from surface

• 34m at 1.06 g/t gold from surface

• 48m at 1.15 g/t gold from surface

==> picture [175 x 74] intentionally omitted <==

==> picture [749 x 573] intentionally omitted <==

1ASX Announcement – 15 April 2020

May 2020 Investor Presentation | 9

open in all directions north, south, on drill lines to east, west and at depth

NE Bankan Cross Sections

==> picture [491 x 552] intentionally omitted <==

==> picture [875 x 552] intentionally omitted <==

==> picture [175 x 74] intentionally omitted <==

1ASX Announcement – 15 April 2020

May 2020 Investor Presentation | 10

open in all directions north, south, on drill lines to east, west and at depth

NE Bankan Cross Sections

==> picture [487 x 554] intentionally omitted <==

==> picture [879 x 554] intentionally omitted <==

==> picture [175 x 74] intentionally omitted <==

1ASX Announcement – 15 April 2020

May 2020 Investor Presentation | 11

open in all directions north, south, on drill lines to east, west and at depth

NE Bankan Cross Sections

==> picture [411 x 567] intentionally omitted <==

==> picture [959 x 555] intentionally omitted <==

==> picture [175 x 74] intentionally omitted <==

1ASX Announcement – 15 April 2020

May 2020 Investor Presentation | 12

Bankan Creek is a satellite prospect, 3 km southwest of NE Bankan, with encouraging AC/RC drill results

• 44m (to EOH) at 2.06 g/t gold from 6m including:

• 18m at 2.97 g/t gold from 32m

• 6m at 4.52 g/t gold from 16m

• Different (more complex) geology:

• A mix of rock types – mafic to intermediate

• volcanics, granitic dykes

• Quartz vein stockwork (vs. little/no quartz at NE Bankan)

• Gold grade may improve at depth (18m at 2.97g/t Au all in fresh rock)

• Needs diamond drilling into fresh rock to understand mineralisation orientation

==> picture [175 x 74] intentionally omitted <==

==> picture [760 x 580] intentionally omitted <==

1ASX Announcement – 27 April 2020

May 2020 Investor Presentation | 13

Bankan Creek Cross Section

==> picture [949 x 552] intentionally omitted <==

==> picture [416 x 550] intentionally omitted <==

==> picture [175 x 74] intentionally omitted <==

1ASX Announcement – 27 April 2020

May 2020 Investor Presentation | 14

Once AUD 9 million is raised , the Company will be well-funded to test Kaninko with 50,000 meters of DD, RC and power auger drilling, now underway

► 20,000 meters of Power Auger Drilling

(in progress):

• Define full extent of NE Bankan system

• Test other prospects on permit

• 25,000 meters of RC Drilling (starting May 2020):

• Complete coverage of NE Bankan anomaly on 80mspaced lines

• Extensions immediately north and south

• 5,000 meters of Diamond Drilling at depth on both prospects (commenced May 2020)

• Metallurgical Testwork on shallow and deeper samples (July-September 2020)

(Subject to regional COVID-19 restrictions not preventing drilling and assaying in the next 4 months)

==> picture [175 x 74] intentionally omitted <==

==> picture [802 x 573] intentionally omitted <==

May 2020 Investor Presentation | 15

Guinea Portfolio

==> picture [175 x 74] intentionally omitted <==

==> picture [716 x 690] intentionally omitted <==

May 2020 Investor Presentation | 16

The Guinea portfolio includes two high-potential projects with walk-up drill targets and identified high-grade gold

Kankan:

• AC/RC drilling on 1-2 targets (late April 2020)

• Assay results in May 2020

Koundian :

• Initial geology/regolith mapping, geochemical programs (May-June 2020)

• Pilot ground geophysical surveys (May-June 2020)

• Aeromagnetic survey (late 2020)

Elsewhere:

• Assay results in May 2020

• Modest cost geological/geochemical programs (MayJune 2020)

(subject to any national COVID-19 restrictions)

==> picture [175 x 74] intentionally omitted <==

==> picture [735 x 573] intentionally omitted <==

May 2020 Investor Presentation | 17

With Resolute Mining (ASX:RSG) (PDI 23.5% equity)

Cote D’Ivoire Joint Venture

Diamond Drilling completed on Ferkessedougou North

High-profile, well funded JV partner Field work currently suspended (COVID-19 restrictions in Cote D’Ivoire)

Ferkessedougou North

(previous drilling) 45m at 3.2g/t gold 40m at 3.5g/t gold

Boundiali

(previous drilling) 30m at 8.3g/t gold 28m at 4.04g/t gold

==> picture [175 x 74] intentionally omitted <==

==> picture [689 x 572] intentionally omitted <==

1ASX Announcement – 04 June 2019

May 2020 Investor Presentation | 18

With Resolute Mining (ASX:RSG)

(PDI 23.5% equity)

Ouarigue South Discovery

(Ferkessedougou North Permit)

New drill results (see plan view):

• FNDC011: 51.00m at 1.27g/t gold from 169.00m

• ► FNDC012: 14.00m at 10.74g/t gold from 33.00m

• ► FNDC015: 33.00m at 1.62g/t Au from 28.00m

• FNDC016: 17.15m at 1.39g/t Au from 110.85m 18.00m at 1.95g/t Au from 134.00m

• ► FNDC018: 40.40m at 1.88g/t Au from 105.60m 25.00m at 0.98g/t gold from 154.00m 13.65m at 2.13g/t gold from 194.00m

• ► FNDC019: 9.75m at 7.46g/t gold from 104.00m

==> picture [175 x 74] intentionally omitted <==

==> picture [707 x 549] intentionally omitted <==

1ASX Announcement – 16 April 2020

May 2020 Investor Presentation | 19

With Resolute Mining (ASX:RSG) (PDI 23.5% equity)

Ouarigue South Discovery

(Ferkessedougou North Permit)

New drill results (on section):

• FNDC011: 51.00m at 1.27g/t gold from 169.00m

• FNDC012: 14.00m at 10.74g/t gold from 33.00m

Next Steps:

• More drilling along strike of Ouarigue South

• Explore 17km long Leraba soil trend for more Ouarigue South-type (granite hosted) gold deposits

==> picture [175 x 74] intentionally omitted <==

==> picture [522 x 572] intentionally omitted <==

1ASX Announcement – 16 April 2020

May 2020 Investor Presentation | 20

Montage Joint Venture

Burkina Faso

Portfolio Overview:

• :

• Bongou 184,000 oz Gold Resource[1]

• Thick, consistent mineralisation

• Excellent metallurgy

• Exploration Target within 10km

• Promising initial drill results from Bira

• Numerous drill ready targets

• Potential for +1Moz deposits

• Currently on care & maintenance

==> picture [175 x 74] intentionally omitted <==

==> picture [690 x 572] intentionally omitted <==

1ASX Announcement – 4th September 2014

May 2020 Investor Presentation | 21

Funded to aggressively target a JORC compliant resource at the Kaninko Gold Project in 2021

Three 100%-owned Projects Drilling to focus on Kaninko with additional limited drilling planned for Koundian and Kankan and lowcost exploration on regional targets

Fully funded to complete significant drilling programs 50,000 meters of power auger, RC and DD programs underway at Kaninko

Outsized influence One of West Africa’s most respected exploration teams with four new gold discoveries in the past 5 years

Expansive holdings in West Africa’s golden triangle 6,000km[2] across 16 projects in Cote D’Ivoire, Guinea and Burkina Faso

==> picture [175 x 74] intentionally omitted <==

May 2020 Investor Presentation | 22

predictivediscovery.com Level 2, 33 Ord St, WestPerth, Western Australia 6005

Phone | +61 8 92161020 Mob. | +61 402 857249 Email | paul.roberts@predictivediscovery.com

==> picture [462 x 766] intentionally omitted <==