PREDICTIVE DISCOVERY LIMITED — Investor Presentation 2022

Nov 13, 2022

==> picture [340 x 141] intentionally omitted <==

West Africa’s Next Tier-1 Gold Mine

Precious Metals Summit Zurich November 2022

ASX:PDI

Forward looking statements, disclaimer and compliance

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 and Compliance Statement

The Mineral Resource estimates reported herein are based on information compiled by Mr Phil Jankowski, who is a member of The Australasian Institute of Mining and Metallurgy. Mr Jankowski is a full-time employee of CSA Global Pty Ltd 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. The Mineral Resource Estimate referred to in this presentation was released to ASX on 2 August 2022. The Company it is not aware of any new information or data that materially affects the mineral resource estimate contained in this announcement and all material assumptions and technical parameters underpinning the mineral resource estimate continue to apply and have not materially changed.

The information in this announcement that relates to prior exploration results have been extracted from ASX market announcements detailed in slide 20. The Company confirms that it is not aware of any new information or data that materially affects previous exploration results referred to in this announcement. The Company also confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the relevant original market announcements.

This presentation has been authorised for release by Andrew Pardey, Managing Director.

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com

2

Company highlights All the for a Tier-1 mine ingredients gold

• Company fundamentals Bankan Project o o Exploration/development 4.2Moz (inferred) company with a Tier-1 o

• gold asset in Guinea Initial high-grade underground resource

• o ASX listed (ASX: PDI) directly below the

• o Market cap A$336m* optimised pit shell of 283,938 tonnes at

• o Sustainable growth 4.85g/t Au

• strategy aligned with Guinea’s key objectives o Significant upside to

• o initial underground Focus upon zero harm to people and strict resource environmental o Extensive drilling

• management programs ongoing

• o Best-in-class technical partners

• Regional upside o 35km-long richly gold endowed structure

• o Exploration and discovery in its infancy

o Birimian/Archean contact hosts some of Africa’s largest gold discoveries

• Multi-element testing for pathfinder minerals underway

Management team

o The right Management Team to build & operate the mine

o A strong track record of building out resource bases and putting mines into production

o Strategy in place to increase Bankan resource and develop into a mine

Bankan has the potential to be a multi-deposit gold camp

*Market capitalisation as at 11 November 2022

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com

3

The right team

Highly experienced Board and senior management team

Board Simon Jackson Andrew Non-Executive Chairman Managing • • 25 years’ experience in the Geologist management of resource companies, particularly in Africa • Formerly • Sold Redback to Kinross for US$7.1 billion • Non-Executive Chairman of • Built Sarama Resources Limited (TSXV:SWA, ASX:SRR) and Lefa Non Executive Director Resolute Mining ASX/LSE:RSG) Management Marlyatou Balde Pierre Louw Country Manager Chief Financial Officer Team

Andrew Pardey Managing Director

• Geologist with extensive experience in West Africa

• Formerly COO and latterly CEO of LSE- and TSX-listed Centamin plc

• Built the 13Mt and 450Koz+ Au pa Sukari Mine in Egypt and Lefa Mine in Guinea

Andre Pieters ESG Manager

Sandra Bates

Non-Executive Director

• 20+ years’ experience

• Risk assessment specialist within the natural resources sector

• Non-Executive Director: Adriatic Metals (ASX:ADT & LSE:ADT1) and General Counsel Altus Strategies (AIM:ALS, TSX-V:ALTS)

Norman Bailie

Manager Geology

Steven Michael

Non-Executive Director

• +25 years’ experience in the global resources sector

• Non-Executive Director of Wia

• Gold Limited (ASX:WIA)

• Executive Director Deep Yellow Limited (ASX:DYL)

Chris Boreham Brad Milne Project Feasibility Manager Corp Dev Manager

• Guinean National and • Senior Accountant with • Mining Engineer with over • More than 30 years' • Mining Engineer with over • More than 15 years’ geologist with over 25 over 35 years experience 30 years experience in experience in gold 30 years experience in corporate development years experience in the • hard rock mining mining and exploration hard rock mining and investment banking Worked extensively in

• Resource industry underground and open pit, • underground and open experience in the Africa, including Tanzania, Has held senior

• • Most recently, Technical Egypt, Zambia and South both owner operator and positions with explorers, pit, both owner operator resources industry contract mining and contract mining •

• Advisor to the Minister Africa mid-tier and major Investor relations, - • •

• of Mines and Geology • Was previously CFO for Most recent role in Guinea mining companies, Has delivered feasibility business development, Guinea was leading the including Centamin and studies across Australia, transactions, studies, Centamin, FD of the environmental compliance Red Back China and Africa debt and equity funding

• Lumwana Mining program for a major bauxite • •

• Company in Zambia Previous General Previous roles include exporter

• (Equinox), finance and Manager Sukari Gold Corporate Development •

• business manager Geita Previous roles include Mine Egypt Manager at BCI Minerals Gold Mine Tanzania Kinross Tasiast Mauritania Environment Superintendent/Manager

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com

4

Capital structure

1,722M Shares on issue A$50M Cash (at 30 September 2022)

A$336M Market cap (at 11 November 2022)

Technical partners Research

==> picture [136 x 75] intentionally omitted <==

==> picture [246 x 65] intentionally omitted <==

==> picture [203 x 139] intentionally omitted <==

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

Brock Salier
Yuen Low
----- End of picture text -----

Royce Haese

==> picture [140 x 60] intentionally omitted <==

Alex Topouzoglou

==> picture [80 x 99] intentionally omitted <==

==> picture [228 x 75] intentionally omitted <==

Paul Howard

==> picture [163 x 77] intentionally omitted <==

Mike Milikan

==> picture [18 x 18] intentionally omitted <==

5

www.predictivediscovery.com

Delivering a best practice biodiversity management program

ESG and Sustainability

Key responsible development activities

Committed to developing the Bankan Project in a safe and responsible way

• Materially enhanced independent oversight and management control of ESG programs, essential to the delivery of the Bankan Project to the benefit of all stakeholders

• Working to define our social and environmental action plans to de-risk Bankan

• Engaging leading sustainability consultancies to ensure best-practice sustainable development

• Building communications channels with key government stakeholder groups to ensure alignment on objectives and expectations have been established

• Engaging with stakeholders to clearly define the sequence of social, administrative and permitting requirements to develop the project within Buffer Zone 2 of the Upper Niger National Park

• Comprehensive social and environmental studies in progress. Wet season studies nearing completion

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com

7

4.2Moz at 1.63g/t Au Bankan Gold Project

Guinea’s Siguiri Basin

Bankan strategically located in the centre of Guinea’s new gold rush

• Siguiri Basin is the least explored region within the West African Birimian Greenstone belt, and hosts mines including: • AngloGold Ashanti’s Siguiri Gold Mine (6.96Moz gold resource/ 214Koz production)

• • Nordgold’s Lefa Gold Mine (3.1Moz M&I and 1.4Moz Inferred/ 2021 production: 276Koz)

• • Sycamore’s Kiniero Gold Project (produced 418Koz over 12 years)

• • Hummingbird’s Kouroussa’s Gold Mine (1.18Moz Inferred resource at >3 g/t and expected to produce 100Koz Au at AISC US$900-US$1,000 per oz)

• o Siguiri Basin’s margins now globally recognised to be a richly mineralised fluid conduit, perfect for large greenfields gold discovery

==> picture [798 x 627] intentionally omitted <==

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com

9

Introduction to Bankan

West Africa’s next Tier-1 gold deposit

• Four contiguous exploration licences covering a 35km-long richly gold endowed super structure

• 4.2Moz (Inferred) MRE at 1.63g/t across two separate deposits:

• NE Bankan: 3.9Moz @ 1.65g/t

• Bankan Creek: 0.33Moz @ 1.43g/t

• 60,000m drilling program underway to grow and upgrade gold Resources

• Straightforward open pit project with significant potential for high-grade underground mining

ASX Release 2 August 2022

==> picture [805 x 713] intentionally omitted <==

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com 10

Excellent continuity and depth potential

Recent holes to add new resource ounces and support upgrade to indicated

Recent high-grade gold results at NE Bankan

(since latest resource update)

o BNEDD0129W2 and BNERD0113:

• 225m and 375m down-plunge of pit shell

• Multi-lode potential at depth

• Significant upside potential to initial, small underground resource

o BNEDD0132:

• pushes +150gm high-grade core a further 40m southwards

o BNEDD0139:

• Spectacular 38m @ 7.18g/t intercept

• Consolidating the high-grade core

o Various infill holes

• Defining and extending the high-grade core

• Supporting future resource upgrade to indicated

==> picture [941 x 612] intentionally omitted <==

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com 11

Open in all directions

331Koz only 3km west of the NE Bankan discovery

==> picture [1102 x 626] intentionally omitted <==

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

Bankan Creek Drill Plan
----- End of picture text -----

o Open in all directions

o 3km from NE Bankan

o Lightly explored

o Significant potential for Resource growth

7,000m drilling program to be completed

Drilling re-commenced in October 2022

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com

12

Straightforward and simple metallurgy

• Initial metallurgical test work completed on the high-grade zone in the lower area of the current pit shell with an average recovery of 92.8%

• Two sample streams tested:

• Gravity concentrated then selected random sample tails leached. All samples tested completed leaching within 24 hours for an average recovery of 94%

• Complete sample leach testing, target grind of p80 passing 75 micron, Leaching times with 69 sample leach kinetics indicating completion within 48 hours

• Gold mineralisation confirmed as free-milling with high gold recoveries and amenable to simple, industry-standard processing

==> picture [827 x 565] intentionally omitted <==

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com 13

Near-Mine & Regional Exploration

Near-deposit potential

Early work highlights multi-deposit potential within 5km of NE Bankan

• Results provide confirmation of the extent of gold mineralised locations in the area surrounding NE Bankan and Bankan Creek

• Programs designed to deliver additional resource ounces in close proximity to both ore deposits

• Infill and extension drilling on new gold prospects as they emerge from aircore reconnaissance drill program

==> picture [1064 x 606] intentionally omitted <==

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com

15

Regional potential Bankan driven by 35km-long gold super-structure with significant exploration upside

o Significant exploration upside exists

o Bankan sits atop a basin-margin gold bearing super-structure o Early geophysical and auger programs delineated many high quality targets o Multi element testing for pathfinder minerals is currently underway o Exploration team strengthened to increase regional focus

==> picture [558 x 695] intentionally omitted <==

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com 16

Regional potential Early results highlight a gold-rich regional structure

==> picture [626 x 620] intentionally omitted <==

==> picture [687 x 626] intentionally omitted <==

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com 17

Appendix

Bankan Project Resource

Updated Bankan Resource table

Deposit	Classification	Million Tonnes	Grade Au g/t	‘000 Contained Au ounces
NE Bankan	Inferred	72.3	1.65	3,884
Bankan Creek	Inferred	7.2	1.43	331
Total	Inferred	79.5	1.63	4,215

Notes to Resource Table:

1. The Northeast Bankan Mineral Resource is estimated with all drilling data available. at 21st June 2022 and was reported on the 1st August 2022; the Bankan Creek Mineral Resource is estimated with all data available at 2[nd] September 2021, and was previously reported by PDI on 30thSeptember 2021.

2. The Mineral Resource is reported in accordance with the JORC Code 2012 Edition at a 0.5 g/t Au cutoff.

3. The Competent Person is Phil Jankowski FAusIMM of CSA Global

4. The Resources are constrained by optimised pit shells using a metal price of AUD1,800 per ounce Au and process recovery of 94%.

NE Bankan Resource Estimate

Cutoff Au g/t	Tonnes	Grade Au g/t	Contained Au ounces
0	496,386,611	0.25	4,014,366
0.1	92,718,277	1.35	4,014,366
0.2	88,314,177	1.41	3,993,127
0.3	80,670,227	1.52	3,931,687
0.4	75,579,577	1.60	3,876,040
0.5	72,332,714	1.65	3,884,109
0.6	68,141,564	1.71	3,755,997
0.7	61,957,776	1.82	3,626,769
0.8	54,888,963	1.96	3,456,318
0.9	47,457,813	2.13	3,253,238
1.0	40,072,925	2.35	3,027,680

1. Rounding may lead to minor apparent discrepancies.

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com 19

Material ASX Releases

POSITIVE INFILL DRILL RESULTS & GRADE CONTROL PROGRAM COMPLETE, 10/11/2022

HIGH GRADE GOLD 200M BELOW NE BANKANS 3.9MOZ RESOURCE, 29/09/2022 IMPRESSIVE GOLD HITS CONTINUE AT 4.2MOZ BANKAN GOLD RESOURCE , 25/08/2022 4.2MOZ BANKAN GOLD RESOURCE, 01/08/2022

DEEPEST HOLE TO DATE INTERCEPTS GOLD 630M DOWN DIP, 15/06/2022

APPOINTMENT OF NON-EXECUTIVE DIRECTOR, 7/06/2022 PDI RECEIVES FIRM COMMITMENTS FOR $55M PLACEMENT, 30/05/2022 60,000M DRILL PROGRAM UNDERWAY AT BANKAN & KEY APPOINTMENTS, 19/05/2022 41.5M @ 5.2G/T AU INTERSECTED AT NE BANKAN, 27/04/2022 MULTI-DEPOSIT POTENTIAL GROWS WITH STRONG RESULTS, 02/02/2022 33M @ 4.5 G/T AU AT NE BANKAN, GUINEA, 13/01/2021 BANKAN PROJECT GROWS WITH NEW GOLD DISCOVERIES, 16/12/2021 PREDICTIVE INTERSECTS 34M @ 5.5 G/T AU AT NE BANKAN, 09/12/2021 FURTHER DEPTH EXTENSION TO BANKAN HIGH-GRADE GOLD, 22/11/2021 HIGH-GRADE GOLD ZONE EXTENDED BELOW RESOURCE PIT SHELL, 03/11/2021 AC DRILLING IDENTIFIES NEW GOLD PROSPECTS AT BANKAN, 28/10/2021 NE BANKAN HIGH-GRADE GOLD ZONE REINFORCED AND EXTENDED, 19/10/2021 BANKAN UPDATE, 12/10/2021

3.65 MILLION-OUNCE BANKAN MAIDEN MINERAL RESOURCE ESTIMATE, 30/09/2021 28M @ 12.1G/T GOLD 1.5 KM FROM NE BANKAN, 23/09/2021 HIGH-GRADE GOLD ZONE CONFIRMED UP TO 400M VERTICAL DEPTH, 16/09/2021 EXCELLENT GOLD RECOVERIES FROM BANKAN METALLURGICAL TESTWORK, 24/08/2021 STRONG WIDTHS AND GRADES FROM BANKAN CREEK RESOURCE DRILLING, 24/08/2021 MORE BROAD WIDTHS AND HIGH-GRADES FROM BANKAN DRILLING, 2/08/2021 BONANZA GOLD GRADES AS HIGH-GRADE ZONE IS REVEALED AT BANKAN, 19/07/2021 44M @ 8G/T GOLD, HIGHEST IMPACT GOLD INTERCEPT AT BANKAN, 1/07/2021 BROAD GOLD INTERCEPTS FROM BANKAN CREEK AND NE BANKAN, 17/06/2021 NE BANKAN EXTENDS TO DEPTH WITH STRONG GOLD GRADES, 3/06/2021 6M AT 32G/T GOLD FROM FIRST DRILLING AT KOUNDIAN, GUINEA, 31/05/2021 WIDESPREAD & HIGH-GRADE GOLD FROM BANKAN REGIONAL AUGER, 13/05/2021 NE BANKAN CENTRAL GOLD ZONE EXTENDING TO SOUTH AT DEPTH, 6/05/2021 BANKAN AEROMAG MANY NEW DRILL TARGETS ALONG 35KM STRUCTURE, 28/04/2021 NE BANKAN GOLD MINERALISATION SUBSTANTIALLY EXTENDS AT DEPTH, 15/04/2021

NE BANKAN GROWS TO 300M WIDE. HIGH GRADE GOLD FROM SURFACE, 31/03/2021 EXCEPTIONALLY HIGH GRADES, THICK INTERCEPTS FROM NE BANKAN, 15/03/2021 SUBSTANTIAL OXIDE GOLD ZONE EMERGING AT NE BANKAN PROJECT, 5/03/2021 MORE DEPTH EXTENSIONS FROM DRILLING BANKAN GOLD DISCOVERIES, 25/02/2021 HIGH GRADE DRILL RESULTS EXTEND BANKAN CK DISCOVERY TO NORTH, 11/02/2021 OUTSTANDING, WIDE GOLD INTERCEPT GROWS BANKAN AT DEPTH, 28/01/2021 BANKAN GOLD PROJECT DRILLING ACCELERATED, 22/01/2021

DIAMOND DRILLING UNDERWAY AT BANKAN GOLD PROJECT, 17/12/2020 EXPLORATION UPDATE - BANKAN GOLD PROJECT, GUINEA, 27/11/2020 EXPLORATION UPDATE - BANKAN-2 GOLD DRILLING UNDERWAY, 20/10/2020 92M AT 1.9G/T GOLD - DIAMOND DRILLING EXPANDS BANKAN PROJECT, 13/10/2020 NE BANKAN GOLD DEPOSIT GROWS WITH MORE STRONG DRILL RESULTS, 25/09/2020 ADDITIONAL PERMITS ALONG STRIKE FROM FLAGSHIP BANKAN PROJECT, 17/09/2020 55M AT 2.94G/T GOLD-BROAD TRUE WIDTHS CONFIRMED AT BANKAN, 10/09/2020 NE BANKAN NOW 1.6KM LONG WITH POSSIBLE PARALLEL GOLD ZONE, 3/09/2020 BANKAN CREEK GOLD ZONE FURTHER EXPANDED, 27/08/2020

STRONG WIDE GOLD INTERCEPTS FROM BANKAN CREEK AND NE BANKAN, 19/08/2020 OUTSTANDING HIGH-GRADE GOLD RESULTS FROM NE BANKAN, GUINEA, 7/08/2020 DIAMOND DRILLING CONFIRMS GOLD AT DEPTH AT NE BANKAN, GUINEA, 31/07/2020 IMPRESSIVE 1ST RC DRILL RESULTS GROW NE BANKAN DISCOVERY, 17/07/2020 NE BANKAN DISCOVERY GUINEA EXTENDED 30% TO 1.3KM IN LENGTH, 30/06/2020 SAMAN EXPLORATION PERMIT GRANTED, 19/06/2020

PDI WEST AFRICAN EXPLORATION UPDATE 7 DRILL RIGS ACTIVE, 9/06/2020 KANINKO AUGER RESULTS DOUBLE GOLD-MINERALISED STRIKE LENGTH, 27/05/2020 UPDATE ON ASSAY RESULTS KANINKO PROJECT GUINEA, 25/05/2020 DRILLING UPDATE - KANINKO PROJECT, GUINEA, 7/05/2020 FINAL DRILL RESULTS, BANKAN CREEK, KANINKO PROJECT, GUINEA, 30/04/2020 44M AT 2.06G/T GOLD FROM BANKAN CREEK, KANINKO, GUINEA, 27/04/2020 POWER AUGER DRILLING UNDERWAY AT KANINKO GOLD PROJECT, 24/04/2020 DIAMOND DRILLING EXTENDS GOLD MINERALISATION AT OUARIGUE CDI, 16/04/2020 OUTSTANDING DRILL RESULTS FROM NEW GOLD DISCOVERY IN GUINEA, 15/04/2020 GUINEA GROUND ACQUIRED NEAR PLUS-2 MILLION OZ GOLD DEPOSITS, 7/04/2020 AC-RC DRILLING UNDERWAY IN GUINEA, ACCELERATING EXPLORATION, 24/03/2020 HIGH-GRADES-BROAD WIDTHS FROM GUINEA AUGER-TRENCHING PROGRAM, 19/03/2020 UP TO 8G/T GOLD FROM POWER AUGER DRILLING IN GUINEA, 26/02/2020

Predictive Discovery | West Africa’s next Tier-1 Gold Mine

www.predictivediscovery.com 20

==> picture [340 x 142] intentionally omitted <==

For further information contact

ANDREW PARDEY Managing Director E: andrew.pardey@predictivediscovery.com

BUCHANAN E: predictive@buchanan.uk.com T: +44 (0)20 7466 5000

ASX : PDI

| www.predictivediscovery.com