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PREDICTIVE DISCOVERY LIMITED Regulatory Filings 2021

Feb 24, 2021

65537_rns_2021-02-24_532af438-54e1-4a18-afa4-d58122663047.pdf

Regulatory Filings

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FURTHER DEPTH EXTENSIONS FROM DRILLING AT BOTH NE BANKAN & BANKAN CREEK GOLD DISCOVERIES

Predictive Discovery Limited (ASX: PDI, Predictive or the Company) is pleased to announce results from additional diamond and RC Drilling on the Bankan Gold Project, located in Guinea.

HIGHLIGHTS

NE Bankan

BNERD001 (including new DD "tail" results)

42m @ 2.2g/t Au from 165m, including 2m @ 19.3g/t from 189m.

BNERD002

  • 60m @ 1.4g/t Au from 145m,
  • 12m @ 1.8g/t Au from 218m,
  • 10m @ 2.5g/t Au from 300m, including 1m @ 17.9g/t from 307m.
  • Hole largely gold-mineralised between 145m and 310m.

BNERD008

  • 31m @ 1.9g/t Au from 179m (mineralised to end of hole with DD assays pending)
  • Step-out drilling continues to demonstrate excellent hole-to-hole continuity and depth extensions.
  • Results awaited from numerous RC pre-collars and DD "tails" in fresh rock.
  • A shallow RC drilling program has now commenced to test for horizontal continuity within the oxide gold-mineralised zone, which is up to 300m wide.

BANKAN CREEK

BCKDD006

  • 19m @ 0.9g/t Au from 3m,
  • 16m @ 1.0g/t Au from 45m,
  • 10m @ 3.7g/t Au from 83m, including 1.1m @ 27.0g/t Au from 87m, and
  • 6m @ 1.7g/t Au from 188m
  • Bankan Creek mineralisation extended a further 80m to the south with gold grades improving at depth. The known strike length is now at least 240m and the gold mineralised zone is open in all directions.

Commenting on the results, Predictive Discovery Managing Director Paul Roberts said:

"The latest results from NE Bankan continue to highlight the potential for a large open-pittable gold deposit, with deeper drilling demonstrating very broad widths in fresh rock and excellent hole-to-hole and depth continuity. The thick mineralised zones intersected in the central part of the deposit suggest a modest waste to ore ratio for an open pit down to our targeted drill-out depth of 250m. Our drilling is also targeting extensions of the very broad gold mineralised zones (>50m in aggregate goldmineralised widths) along strike to the north and south.

We are also very pleased that the Bankan Creek discovery continues to grow both to the south and the north, with significant high-grade intercepts along with the broader zones of gold mineralisation. Further drilling is planned once a drill rig becomes available from the current deeper drilling effort at NE Bankan."

Next Steps

The current RC-DD drill phase is predominantly aimed at testing the NE Bankan gold deposit on an approximate 80 x 80m drill spacing (in the west-dipping plane of the gold-mineralised system) in fresh rock and at a closer spacing in the shallower oxide mineralisation. This is expected to continue through February and March.

The initial RC pre-collar component of the drill program is complete. An oxide RC drilling program on NE Bankan has now commenced, infilling gold mineralisation in deeply weathered bedrock updip from the deeper RC-DD drill results that are now being progressively reported. Infill drilling of the deeper gold mineralisation is expected to be undertaken in April and May.

In addition to the current program, drilling is also planned to target extensions to the Bankan Creek gold mineralised system and shallow air core drilling is planned beneath anomalous gold-bearing auger intercepts near the NE Bankan, Bankan Creek and Bankan West gold prospects.

The planned airborne magnetic and radiometric survey over the Bankan Project has been completed and the Company is awaiting the final processed data from the contractor. Once received, the new data will be used to identify new gold targets further afield in the Bankan Project. In the interim, one power auger drill rig is undertaking infill drilling around anomalous auger drill intercepts at Bankan, and two other auger rigs are drilling targets on the Kankan and Koundian Projects further to the east. One or both of these rigs will return to the Bankan project area once the Bankan aeromagnetic survey results have been interpreted.

Once sufficient representative drill core has been obtained from both the NE Bankan and Bankan Creek gold deposits, a large consignment of this material will be sent for metallurgical testwork. Commencement of that program is expected in late March 2021.

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Background

Over the past 10 months, the Company has made two significant greenfield discoveries at Bankan, initially at the NE Bankan prospect, where the first phase of power auger, Air Core (AC), Reverse Circulation (RC) and Diamond Drilling (DD) outlined a 1.6km-long anomalous zone of shallow gold mineralisation, now with steadily increasing RC/DD drill coverage at depth. Bankan Creek is a satellite discovery 3km to the west of NE Bankan that has only been lightly tested but which bears the hallmarks of a strong gold mineralised system.

Drill Program Details

This announcement covers 10 RC pre-collars and results from three completed DD tails from the NE Bankan drill program (BNERD001 - BNERD003 and BNERD006 - BNERD012; Figures 3-5) and two DD-holes from Bankan Creek (BCKDD0005 and BCKDD0006; Figures 6-7).

Completed on 80 x 80m step-outs (in the west dipping plane of the gold mineralisation), the RC/DD program at NE Bankan is designed to test the extent of the gold mineralisation to a vertical depth of at least 250m. What has emerged from the drilling so far is a 700m long central zone - with broad gold mineralised intercepts in fresh rock - which remains open at depth and along strike (Figure 1). This is overlain by a broader (up to 300m wide) and longer zone of shallow oxide gold mineralisation in deeply weathered bedrock.

DD drilling reported from Bankan Creek has extended the gold mineralised zone a further 80m to the south from the discovery drill section, bringing the known strike length to at least 240m.

Drilling at NE Bankan has intersected gold mineralisation that is largely hosted within granitic intrusive rocks which vary in composition from tonalite through to quartz diorite. The geology of the other host rocks varies between NE Bankan and Bankan Creek; the granitic rocks have been interpreted to intrude a mafic to intermediate volcanic complex at NE Bankan and a metasedimentary sequence dominated by marbles and skarns at Bankan Creek. In both prospects, the felsic intrusive contacts dip more shallowly to the west than the gold mineralisation.

Drill samples reported in this release were assayed by fire assay at SGS in Bamako (Mali). Detailed results and a complete explanation of drilling and assaying methods are provided in Tables 1-2.

NE Bankan Longitudinal Projection

From this release onwards, drill results from NE Bankan will be shown both in cross section and on a longitudinal projection (Figure 1). The latter is designed to help visualise the scale of the goldmineralised system in fresh rock by projecting gold intercepts onto a NNW-orientated vertical plane (Figure 2). Given that the NE Bankan gold mineralisation consists of a series of sub-parallel mineralised zones, the only way the mineralisation can be effectively visualised is by combining all the true widths of those intercepts (above 0.5g/t Au) into a single aggregate true width along with the length-weighted average grade of those intercepts (Figure 1) plotted at the centre point of the gold mineralised envelope in each hole.

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Figure 1 – Bankan Creek, NE Bankan Prospect Long section showing gold endowment with pierce points located at the mid-point of drill hole intervals. Drill results in the oxide gold mineralised zone are not depicted because they are from east to west RC drill holes for which true width intercepts could not be calculated.

Figure 2 - NE Bankan prospect with new RC/DD drilling results overlain on previous results and the gold auger footprint. The position of the vertical longitudinal projection plane is shown as the NNW orientated A to B black line.

Figure 3 - NE Bankan Prospect – Section 1175100N with results from previously reported RC collars and the completed DD tail in hole BNERD001

Figure 4 - NE Bankan Prospect – Section 1175180N with results from RC collars and DD tails overlain on previous DD/RC results

Figure 5 - NE Bankan Prospect – Section 1175260N with results from previous RC and DD holes and 2 new RC pre-collars and one DD tail.

Figure 6 - Bankan Creek prospect with new DD drilling results overlain on previous results and the gold auger footprint.

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Figure 7 - Bankan Creek Prospect – Section BCKDD0006 with Diamond Drill results overlain previous DD/RC results

Hole No. Prospect UTM 29NEast UTM 29NNorth RL(GPS) Holeazimuth Holedip Holedepth 0.25g/t gold cut-off 0.5g/t gold cut-off Comments
From Interval(est. truewidths) Au g/t From Interval Au g/t
BNERD0001 Bankan NE 396660 1175104 440 90 -55 261.4 82.0 3 (2.8) 0.69 82.0 3 0.69
94.0 9 (8.4) 0.92 94.0 8 0.99
112.0 50 (46.5) 1.28 112.0 30 1.62 ASX 28 January 2021
148.0 14 0.98
165.0 42.0 (39.1) 2.25 168.0 2 0.89 Updated with coretail results
173.0 34.0 2.70 Incl. 2m @ 19.3g/tAu from 189m
224.0 2.0 (1.9) 0.44
231.0 1.0 (0.9) 1.53 231.0 1.0 1.53
240.0 3.0 (2.8) 0.43
247.0 2.0 (1.9) 0.51 247.0 2.0 0.51
BNERD0002 Bankan NE 396611 1175181 432 90 -55 325.4 8.0 3.0 (2.9) 0.45 9.0 1.0 0.72 ASX 28 January 2021
67.0 3.0 (2.9) 0.48 67.0 1.0 0.78
138.2 0.8 (0.8) 1.17 138.2 0.8 1.17
145.0 60.0 (57.1) 1.39 146.0 59.0 1.41
211.0 4.0 (3.8) 0.43
218.0 12.0 (11.4) 1.84 218.0 6.0 2.95
228.0 2.0 1.76
233.0 2.0 (1.9) 1.77 233.0 1.0 1.41
250.0 14.0 (13.3) 0.60 251.0 13.0 0.62
271.0 3.0 (2.9) 0.45 275.0 2.0 0.51
283.2 10.9 (10.3) 1.01 283.2 9.9 1.08
300.0 10.0 (9.5) 2.49 302.0 1.8 2.08
307.0 3.0 6.68 Incl. 1m @ 17.9 g/tAu from 307m
BNERD0003 Bankan NE 396569 1175261 425 90 -55 351.2 54 2 (2.0) 0.37
97 3 (2.9) 0.81 97 3 0.81
108 1 (1.0) 2.06 108 1 2.06
124 6 (5.9) 0.29 129 1 0.64 ASX 28 January 2021
156 3 (2.9) 0.27
174 23 (22.5) 0.76 174 13 0.85
192 5 0.96

TABLE 1 – NE BANKAN RC/DD RESULTS

200.0 46.0 (45.1) 0.78 203.0 7.0 1.07
215.0 3.0 0.73
221.0 7.0 1.60
232.0 5.0 0.79
242.0 3.0 1.37
249.0 6.7 (6.6) 0.79 250.0 5.7 0.87
265.0 2.0 (2.0) 0.57 265.0 1.0 0.69
275.0 8.0 (7.8) 0.55 275.0 4.0 0.82
327.0 1.0 (1.0) 2.37 327.0 1.0 2.37
BNERD0006 Bankan NE 396656 1174939 432 90 -55 138 116.0 3.0 1.22 116.0 1.0 2.80
122.0 6.0 0.77 122.0 4.0 0.98
132.0 2.0 1.04 132.0 2.0 1.04
138.0 Core drilling pending
BNERD0007 Bankan NE 396636 1175025 433 90 -55 132 20.0 5.0 1.91 20.0 1.0 4.80
24.0 1.0 4.36
132.0 Core drilling pending
BNERD0008 Bankan NE 396546 1175023 430 90 -55 210 179.0 31.0 (31.0) 1.85 182.0 21.0 2.57 Mineralised to endof hole
210.0 Core drilling pending
BNERD0009 Bankan NE 396573 1175100 432 90 -55 120 0.0 120.0 NSR Pre-collar - NoSignificant Results
120.0 Core drilling pending
BNERD0010 Bankan NE 396524 1175185 432 90 -55 138 0.0 138.0 NSR Pre-collar - NoSignificant Results
138.0 Core drilling pending
BNERD0011 Bankan NE 396486 1175341 418 90 -55 240 104.0 2.0 1.12 104.0 1.0 1.89 Pre-collar
240.0 Core drilling pending
BNERD0012 Bankan NE 396483 1175266 421 90 -55 240 2.0 1.0 1.13 2.0 1.0 1.13
13.0 2.0 0.63 13.0 2.0 0.63
198.0 1.0 1.06 198.0 1.0 1.06
204.0 6.0 0.28
219.0 13.0 (13.0) 1.06 219.0 11.0 1.19
240.0 Core drilling pending
Note: Most RC holes contain some damp to wet samples.

Hole No. Prospect UTM29NEast UTM29NNorth RL(GPS) Hole azimuth Hole dip Holedepth 0.25g/t gold cut-off 0.5g/t gold cut-off Comments
From Interval Aug/t From Interval Aug/t
BCKDD0005 BankanCreek 393285 1174102 367 60 -50 316.5 144.0 3.3 0.50 144.0 1.0 0.84
161.3 1.8 0.77 161.9 1.1 0.97
178.0 3.8 0.61 179.0 2.8 0.70
190.0 3.0 0.34
206.0 4.8 1.39 207.0 3.8 1.67
220.0 10.0 0.56 221.0 4.0 0.94
311.0 1.0 1.43 311.0 1.0 1.43
BCKDD0006 BankanCreek 393503 1173945 376 60 -50 212.5 3.0 19.0 0.90 5.0 1.0 1.16
9.0 13.0 1.10
45.0 16.0 1.00 48.0 2.0 4.27
58.0 2.0 2.25
76.0 2.0 0.60 76.0 2.0 0.60
83.0 10.0 3.70 83.9 5.2 6.86 Incl. 1.1m @ 27.0g/tAu
104.0 11.0 1.21 105.0 5.0 1.42
112.0 2.0 2.43
118.0 6.0 1.66 121.0 3.0 3.05
127.8 7.2 0.39 128.9 3.1 0.59
190.5 1.9 0.43 191.5 0.8 0.54

TABLE 2 – BANKAN CREEK DIAMOND DRILLING RESULTS

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

This announcement is authorised for release by Predictive Managing Director, Paul Roberts.

For further information please contact:

Paul Roberts Managing Director

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

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.

Previously released ASX Announcements related to the Bankan Project include:

  • High grade drill results extend Bankan creek gold discovery to north [11 Feb 2021]
  • Outstanding, wide gold intercept grows Bankan at depth [28 Jan 2021]
  • 92m at 1.9g/t gold diamond drilling expands Bankan Project [13 Oct 2020]
  • NE Bankan gold deposit grows with more strong drill results [25 Sept 2020]
  • Additional permits along strike from flagship Bankan Project [17 Sept 2020]
  • 55m at 2.94g/t gold-broad true widths confirmed at Bankan [10 Sept 2020]
  • NE Bankan now 1.6km long with possible parallel gold zone [3 Sept 2020]
  • Bankan Creek gold zone further expanded [27 Aug 2020]
  • Strong wide gold intercepts from Bankan Creek and NE Bankan [19 Aug 2020]
  • Outstanding high-grade gold results from NE Bankan, Guinea [7 Aug 2020]
  • Diamond drilling confirms gold at depth at NE Bankan, Guinea [31 Jul 2020]
  • Impressive 1st RC drill results grow NE Bankan discovery [17 Jul 2020]
  • NE Bankan discovery guinea extended 30% to 1.3km in length [30 Jun 2020]
  • Kaninko auger results double gold-mineralised strike length [27 May 2020]
  • Final drill results, Bankan Creek, Kaninko Project, Guinea [30 Apr 2020]
  • 44m at 2.06g/t gold from Bankan Creek, Kaninko, Guinea [27 Apr 2020]
  • Outstanding drill results from new gold discovery in Guinea [15 Apr 2020]

ABOUT PREDICTIVE

The Company's primary focus is the 100%-owned Bankan Project, located in Guinea's Siguiri Basin, which hosts AngloGold's large Siguiri Mine (+10Moz). In April 2020, the Company made a greenfields gold discovery on its Kaninko permit, now known as the Bankan Project.

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Bankan comprises 4 tenements - Kaninko, Saman, Argo and Bokoro – a 358km2 land package with no previous drilling undertaken. A 25,000-meter drilling program is currently underway with the aim of delivering an initial resource in mid-2021.

Figure 8 – Predictive Discovery's 100%-owned Guinea Portfolio of gold projects

TABLE 3 - JORC CODE – DRILLING

Section 1: Sampling Techniques and Data
Criteria JORC Code Commentary
Explanation
SamplingTechnique Nature and quality of sampling (egcut channels, random chips, orspecific specialised industrystandard measurementtoolsappropriate to the minerals underinvestigation,such as downholegamma sondes, or handheld XRFinstruments, etc). These examplesshould not be taken as limiting the Samples assayed were cut drill core and reverse circulation (RC) drillchips.Core was cut in half with a core saw where competent and with a knifein soft saprolite in the upper sections of the diamond drill holes.

Page 15 of 19

DrillingDrill SampleRecovery broad meaning of sampling Includereference to measurestaken toensure sample representivity andthe appropriate calibration of anymeasurementtools or systemsused. Aspects of the determinationof mineralisation that are Materialto the Public Report.In cases where 'industry standard'work has been done this would berelatively simple (eg 'reversecirculation drilling was used toobtain 1 m samples from which 3kg was pulverised to produce a 30g charge for fire assay'). In othercases more explanation may berequired, such as where there iscoarse gold that has inherentsampling problems. Unusualcommodities or mineralisationtypes(eg submarine nodules) maywarrant disclosure of detailedinformation.Drill type (eg core, reversecirculation, open- hole hammer,rotary air blast, auger, Bangka,sonic, etc) and details (eg corediameter, triple or standard tube,depth of diamond tails, facesampling bit or other type,whether core is oriented and if so,by what method, etc).Method of recording andassessing core and chip samplerecoveries and results assessed.Measurestaken to maximisesample recovery and ensurerepresentative nature of thesamples.Whether a relationship existsbetween sample recovery andgrade and whethersample biasmay have occurred due topreferential loss/gain offine/coarse material. One metre RC chip samples were riffle split producing samples whichweighed 2-3kg for submission to the assay laboratory. Duplicatesamples were also retained for re-assay.Sampling was supervised by qualified geologists.Samples were dried, crushed and pulverised at the SGS laboratory inBamako to produce a 50g fire assay charge.Drill types are 2 multipurpose drill rigs and one dedicated diamond drillrig, all of which are capable of collecting PQ, HQ and NQ core. One ofthe multipurpose rigs is being used for RC drilling using a 118mmdiameter reverse circulation hammer.Drill core:Sample recoveries were measured in the normal way for diamond drillcore. Core recoveries were generally excellent except for the saprolitewhere some core loss was experienced owing to clayey core being washedout in the diamond drilling process. Given that most of these saprolitecore loss zones were obtained in mineralised intervals, grade is probablyunderestimated in those sections as zones of core loss are assumed tocontain 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 weretaken to maximise sample recovery.
Logging Whether core and chip sampleshave been geologically and Significant sample bias is not expected with riffle splitting of RC chips.All drill samples were logged systematically for lithology, weathering,alteration, veining, structure and minor minerals. Minor minerals were
Sub-Sampling geotechnical logged to a level ofdetail to support appropriateMineral Resource estimation,mining studies and metallurgicalstudies.Whetherlogging isqualitative or quantitativein nature. Core (orcostean/Trench, channel,etc) photography.The total length and percentageof the relevant intersectionslogged.If core, whether cut or sawn and estimated quantitively. A core orientation device was employed enablingorientated structural measurements to be taken.
Technique andSamplePreparation whether quarter, half or all coretaken. If non-core, whetherriffled, tube sampled, rotary split,etc and whether sampled wet ordry. The diamond drill samples were collected by longitudinally splittingcore 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 samplingmethod is considered adequate for a diamond drilling program of thistype.

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For all sample types, the nature,quality and appropriateness of thesample preparation technique.Quality control proceduresadopted for all sub-samplingstagesto maximise representivityof samples.Measurestaken to ensure that thesampling is representative of the insitu material collected, including forinstance results for fieldduplicate/second-halfsampling.Whethersample sizes areappropriate to the grain size of the The RC samples were collected by riffle splitting samples from largebags collected directly from the cyclone on the drill rig. Samplecondition is generally dry or moist, however some samples are wet.One field duplicate was taken and assayed every 50m. The samplingmethod is considered adequate for an RC drilling program of this type.
Quality of AssayData andLaboratory Tests material being sampled.The nature, quality andappropriateness of the assayingand laboratory procedures usedand whetherthe technique isconsidered partial or total.For geophysical tools,spectrometers, handheld XRFinstruments, etc, the parametersused in determining the analysisincluding instrumentmake andmodel, reading times, calibrationsfactors applied and theirderivation, etc.Nature of quality controlprocedures adopted (egstandards, blanks, duplicates,external laboratory checks) andwhether acceptable levels ofaccuracy (ie lack of bias) andprecision have been established. All samples were assayed by SGS technique FAA505 for gold with adetection limit of 5ppb Au. All samples with gold values exceeding 10g/tAu were re-assayed using SGS method FAA515 with a detection limit of0.01g/t Au.Field duplicates, standards and blank samples were each submitted forevery 15 samples on a rotating basis.Diamond core field duplicates were obtained by cutting the half coresample into two quarter core samples. As samples are not homogenisedsome variation is expected.Duplicate and standards analyses were all returned were withinacceptable limits of expected values.
Verification ofSampling andAssaying The verification of significantintersections by eitherindependent or alternativecompany personnel.The use of twinned holes Theverification of significantintersections by eitherindependent or alternativecompany personnel. Discuss anyadjustment 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 drillinghas been done previously sufficiently close to a previously drilled holesto provide confirmation of the location of mineralisation. SpecificallyKKODD002 was drilled close to Air Core Hole KKOAC001 anddemonstrated that that similar, consistent gold mineralisation waspresent in the near surface.
Location of Datapoints Accuracy and quality of surveysused to locate drill holes (collarand down- hole surveys),trenches, mine workings and otherlocations used in MineralResource estimation.Specification of the grid systemused Quality and adequacy oftopographic control Drill hole collar locations were recorded at the completion of each holeby hand-held GPS.Positional data was recorded in projection WGS84 Zone 29N.Hole locations will be re-surveyed using a digital GPS system atcompletion of program.
Data Spacingand Distribution Data spacing for reporting ofExploration ResultsWhetherthe data spacing anddistribution is sufficient toestablish the degree of geologicaland grade continuity appropriatefor the Mineral Resource and OreReserve estimation procedure(s)and classifications applied.Whethersample compositing hasbeen applied The diamond and RC drill holes were designed to explore the goldmineralised system in fresh rock. Single DD holes are in the process ofbeing drilled on most 80m spaced sections in the 1.3km long zonetested previously with RC drilling.The adequacy of the current drill hole spacing for Mineral Resourceestimation is not yet known as an appropriate understanding ofmineralisation continuity has not yet been established
Orientation ofData in Relationto GeologicalStructure Whetherthe orientation ofsampling achieves unbiasedsampling of possible structuresand the extent to which this isknown, considering the deposittype.If the relationship between thedrilling orientation and the There is very limited outcrop in the immediate area but based on thesmall number of geological observations and the overall strike of theanomaly, an east west line orientation with holes inclined to the west wasconsidered most likely to test the target mineralised zone. Results fromearlier drilling has now determined that the overall dip of the goldmineralised envelope is to the west. All drill holes reported in this release

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orientation of key mineralisedstructuresis considered to haveintroduced a sampling bias, thisshould be assessed and reportedif material. were drilled from west to east to obtain near-true widths through thegold mineralisation.
Sample Security The measurestaken to ensuresample security Core trays and RC chips are stored in a guarded location close to thenearby Bankan Village. Coarse rejects and pulps will be eventuallyrecovered from SGS in Bamako and stored at Predictive's field officein Kouroussa.
Audits or Reviews The results of any audits orreviews of sampling techniquesand data No reviews or audits of sampling techniques were conducted.
Section 2 Reporting of Exploration Results
Mineral Type, reference name/number, The Kaninko Reconnaissance Authorisation was granted to a
Tenement andLand TenureStatus location and ownership includingagreements or material issues withthird partiessuch as jointventures, partnerships, overridingroyalties, native title interests,historicalsites, wilderness ornational park and environmentalsettings.The security of the tenure held atthe time of reporting along withany known impedimentstoobtaining a licence to operate inthe area. Predictive subsidiary in Guinea in June 2019. It was converted to anExploration Permit in early October 2019. It is 100% owned byPredictive.
Exploration Doneby Other Parties Acknowledgment andappraisal of exploration byother parties. Predictive is not aware of any significant previous gold exploration overthe permit.
Geology Deposit type, geologicalsettingand style of mineralisation. The geology of the Kaninko permit consists of felsic intrusivesincluding granite and tonalite, with mafic to intermediate volcanicsand intrusives. Metasediments including marble, chert and schistshave also been observed.
Drill HoleInformation A summary of all informationmaterial to the understanding ofthe exploration resultsincluding atabulation of the followinginformation for all Material drillholes:•easting and northing ofthe drill hole collar•elevation or RL (ReducedLevel – elevation above sealevel in metres) of the drillhole collar•dip and azimuth of the hole•down hole length andinterception depth•hole length•If the exclusion of thisinformation is justified onthe basisthat theinformation is not Materialand this exclusion does notdetract from theunderstanding of the report,the Competent Personshould clearly explain whythis is the case. See Tables 1 and 2 and the accompanying notes in these tables.
DataAggregationMethods In reporting Exploration Results,weighting averaging techniques,maximum and/or minimum gradetruncations(eg cutting of highgrades) and cut-off grades areusually Material and should bestated.Where aggregate interceptsincorporate short lengths of highgrade results and longer lengths oflow grade results, the procedureused for such aggregation should Diamond and RC drill sampling was generally in one metre intervals.Up to 2m (down-hole) of internal waste is included for results reported atboth the 0.25g/t Au and 0.5g/t Au cut-off grades.Mineralised intervals are reported on a weighted average basis.

be stated and some typicalexamples of such aggregationsshould be shown in detail.The assumptions used for anyreporting of metal equivalentvaluesshould be clearly stated.
RelationshipBetweenMineralisationWidths andIntercept Lengths These relationships are particularlyimportant in the reporting ofExploration ResultsIf the geometry of themineralisation with respect tothe drill hole angle is known, itsnature should be reported. If it isnot known and only the downhole lengths are reported, thereshould be a clear statement tothis effect (eg 'down hole True widths have been estimated for intercepts where mineralisationorientation is reasonably clear.
Diagrams length, true width not known').Appropriatemaps and sections(with scales) and tabulations ofintercepts should be included forany significant discovery beingreported These should include,but not be limited to a plan viewof drill hole collar locations andappropriate sectional views. An appropriate map, cross sections and a longitudinalprojection are included in this release (Figures 1-6).
Balanced Reporting Where comprehensive reportingof all Exploration Resultsis notpracticable, representativereporting of both low and highgrades and/or widthsshould bepracticed to avoid misleadingreporting of Exploration Results. Comprehensive reporting of the drill results is provided in Tables 1and 2.
OtherSubstantiveExplorationData Other exploration data, ifmeaningful and material, shouldbe reported including (but notlimited to): geologicalobservations; geophysicalsurveyresults; geochemicalsurveyresults; bulk samples – size andmethod of treatment;metallurgical test results;bulk density, groundwater,geotechnical and rockcharacteristics; potentialdeleterious or contaminatingsubstances. All other exploration data on this area has been reported previously byPDI.
Further Work The nature and scale of plannedfurther work (eg tests for lateralextensions or large scale step outdrilling.Diagrams clearly highlighting theareas of possible extensions,including the main geologicalinterpretations and future drillingareas, provided this information isnot commercially sensitive. These results form part of a large ongoing program of RC and diamonddrilling. Geological studies will continue to be conducted tocharacterise the gold mineralisation going forward.