Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

PREDICTIVE DISCOVERY LIMITED Regulatory Filings 2022

Nov 29, 2022

65537_rns_2022-11-29_dab632f2-cc25-4014-9118-4ed15097f9fa.pdf

Regulatory Filings

Open in viewer

Opens in your device viewer

30 November 2022

PROMISING NEAR-RESOURCE DRILLING AND GEOPHYSICS RESULTS Increasing focus on near-resource and regional exploration

Predictive Discovery Limited (ASX:PDI) (“Predictive” or the “Company”) is pleased to provide an update on near-resource exploration drilling and targeting at the Bankan Gold Project.

HIGHLIGHTS

  • Comprehensive geophysics surveys and modelling completed, identifying a strong induced polarisation (“IP”) signature of the NE Bankan (“NEB”) deposit.

  • Aircore and power auger drilling continued to test identified prospects within 3km of NEB. Best intercepts from 50 holes for 2,244m drilled include 8m @ 5.14g/t, 4m @ 5.66g/t and 20m @ 1.02g/t at NEB North, 2m @ 10.30g/t at NEB East and 12m @ 1.53g/t at SEB.

  • Strong correlation between near-surface drilling results and geophysical targeting, identifying seven priority target areas in the immediate NEB area for further drilling.

  • Additional IP and gravity surveys are set to commence at Bankan Creek (“BC”) (and surrounding areas) and NEB East in early 2023. Aircore drilling will recommence at the seven prospect areas in early 2023.

  • Ground IP and gravity surveys also planned for the northern AG1, AG2 and BK2 prospects. Reconnaissance auger drilling is due to commence in early 2023.

  • Exploration team strengthened with two new dedicated geologists to drive regional exploration.

Commenting on the latest activities, Managing Director Andrew Pardey, said:

“Resource definition drilling at NEB continues to produce strong results and we are making excellent progress with our strategy to increase the size and quality of the current Mineral Resource estimate. We are actively increasing our focus beyond this deposit and have strengthened our exploration team to support this broader regional exploration campaign.

“Near-resource exploration will continue to focus on identifying potential new deposits for a future operation, utilising the positive results of recent geophysical targeting, combined with extensive aircore and auger drilling completed to date.

“More broadly, we are recommencing exploration activities in the northern part of the Bankan Project with the aim of working towards discovery of the next NEB style deposit. NEB’s structural setting and strong IP geophysical signature, combined with further near-surface drilling, will be utilised to refine existing high priority targets along the 35km structural trend for future drilling programs.”

Predictive Discovery Limited ABN 11 127 171 877 Suite 8, 110 Hay Street, Subiaco WA 6008 T +61 8 9216 1020

==> picture [596 x 107] intentionally omitted <==

BANKAN GOLD PROJECT

The Bankan Gold Project comprises 356km[2] of highly prospective exploration permits in the Siguiri Basin, Guinea.

A Mineral Resource of 4.2Moz has been defined to date at the NEB (3.9Moz) and BC (331,000oz) deposits.[1] Predictive is focused on increasing the size and quality of the existing Mineral Resource at these deposits and has also commenced ESG and Scoping Study workstreams as part of its strategy to sustainably develop Bankan into a potential Tier-1 gold mine.

The Company is also exploring a number of targets near the NEB and BC deposits and has identified multiple regional targets along the 35km gold-rich super structure.

==> picture [221 x 226] intentionally omitted <==

Figure 1: Bankan Project deposits and exploration targets

GEOPHYSICS PROGAM

Predictive has completed a comprehensive petrophysics and ground geophysics program at NEB. The petrophysics study of the NEB drill core was designed to calibrate the detailed ground geophysical orientation program. The analysis was completed by Terra Petrophysics in Perth, Australia and consisted of laboratory analysis of 31 drill core samples, selected from the geological model, to characterise magnetic susceptibility and remanence, bulk density and porosity, chargeability, Gaussian resistivity, inductive conductivity and P-wave velocity.

The ground geophysical techniques selected were gradient array induced polarisation (“GAIP”) and poledipole induced polarisation (“P-DIP”), magnetics and gravity. The objectives were to determine the geophysical signature of the NEB deposit, investigate its local geological setting, delineate possible extensions and identify near-resource target areas.

IP methods proved the most effective in geophysically finger-printing the NEB deposit, with elevated chargeability (attributed to sulphide alteration) and elevated resistivity (attributed to silica alteration). Often the two responses overlap or showed marked contrast across the deposit.

The highest resistivity and chargeability IP values were identified in the central part of the survey coincident with the known near-surface expression of the orebody and by extension with the auger drilling contours of >0.2g/t. NEB was mapped for over 500m in the near surface (using 2D GAIP) and deeper into the fresh rock to a depth of IP detection of about 400m (using 3D P-DIP). The deposit is clearly mapped as a prominent west dipping, moderately plunging chargeability solid.

1 Refer to ASX announcement “4.2Moz Bankan Gold Resource” released on 2 August 2022 for further details.

Page 2 of 15

==> picture [596 x 107] intentionally omitted <==

==> picture [296 x 371] intentionally omitted <==

Figure 2: IP gradient array images for NEB (resistivity on the left and chargeability on the right), overlain with the NEB optimised resource pit shell and >0.2g/t auger anomaly contours.

==> picture [481 x 192] intentionally omitted <==

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

3D MODEL CHARGEABILITY SHELLS
DRILLING
3D MODEL RESISTIVITY SHELLS
ESZ WIREFRAME 2D MODEL CHARGEABILITY SECTION
STMZ WIREFRAME
----- End of picture text -----

Figure 3: NEB section 1175340N showing combined GAIP and P-DIP modelling.

Page 3 of 15

==> picture [596 x 107] intentionally omitted <==

The 3D P-DIP modelling has also contributed to extrapolation of the geological interpretation of NEB and its 3D lithological setting. The main controlling Mafic-Tonalite Contact (“MTC”) is characterised by a coincident density-magnetic-resistivity contrast adjacent to the chargeability shoot. The combined GAIP and P-DIP modelling has provided a spatial and genetic context to the NEB gold architecture facilitating future 3D drill targeting.

NEAR-RESOURCE AIRCORE AND AUGER DRILLING RESULTS

Extensive drilling programs are ongoing at the Bankan Project, conducting various resource development and exploration programs.

Additional aircore and power auger drilling has been completed at various prospects within 3km of the NEB deposit. Drilling results in this announcement include a total of 50 holes for 2,244m as shown below.

Table 1: Drill Holes Reported in this Announcement

**Drill type ** Holes Metres Locality
Aircore 37 1,913 <3km NEB
Auger 13 331 <3km NEB
Total 50 2,244

Aircore drilling results were received for holes at the 800W, NEB North, NEB West, NEB East, NEB South and SEB prospects, with the best results including:

NEB North:

• BKAC0471: 8m @ 5.14g/t from 22m • BKAC0460: 4m @ 5.66g/t from 40m • BKAC0466: 20m @ 1.02g/t from 24m • BKAC0470: 14m @ 0.89g/t from 6m

NEB East:

  • BKAC0491: 2m @ 10.30g/t from 32m

SEB:

  • BKAC0396: 6m @ 1.60g/t from 18m

Power auger results were received for 13 holes drilled at NEB South and SEB, with the best results including:

• BKAU3622: 12m @ 1.53 g/t from 14m • BKAU3755: 10m @ 1.00 g/t from 16m

New aircore and power auger results are shown on Figure 4, together with selected previous aircore and power auger results (refer to announcement dated 29 September 2022).

Page 4 of 15

==> picture [596 x 107] intentionally omitted <==

==> picture [655 x 419] intentionally omitted <==

Figure 4: NEB IP modelling integrated with regional 1[st] VD aeromagnetics, showing significant near-surface drill intercepts (new and previous).

Page 5 of 15

==> picture [596 x 107] intentionally omitted <==

NEAR-RESOURCE TARGETING

There are seven main prospect areas within the GAIP survey area – NEB North, NEB Footwall, NEB South, NEB East, 800W, SB and SEB. The detailed GAIP ground mapping shows remarkable correlation with the current and previous surface drilling results, providing strong support for the existing target prospects being explored by the Company.

The integrated 3D modelling of all exploration drilling results and ground geophysics provides invaluable context and also allows for refinement of the target areas (as shown in Figure 5) based on structural setting concepts. These target areas will be the focus of near-resource exploration throughout 2023.

The integrated 3D modelling has identified a number of parallel thrusts and splays off the main hanging wall shear zone (“STMZ”), beyond the recognised secondary footwall high-grade shear zone (“ST2Z”). The main NEB thrust appears to be part of a dextral duplex, with second-order splays propagating east and west into both footwall and hanging wall positions. The 3D IP modelling has highlighted the eastern shear zone (“ESZ”) which has potential to host mineralisation on the eastern foot wall boundary horizon of the NEB thrust, and has only received sparse drilling at surface to date.

North of the current optimised resource pit shell, the main NEB thrust appears to split into four NEB North splays, supported by drilling results including the significant aircore intercepts at NEB North reported in this announcement.

The IP surveys have identified a number of highly prospective thrusts and splays to the south of NEB. The coincident drill intercepts and IP targets in NEB South and NEB Footwall open up both the surface resource potential and the projection to depth of these new structures.

Furthermore, the geophysics indicates a major N-S thrust structure to the west of STMZ controls the mineralisation at the 800W and SB Prospects. This newly identified structure is referred to as the NEB West thrust.

To the east, new aircore results from the NEB East prospect have re-focused attention on a potential major thrust known as the NEB East thrust.

==> picture [150 x 198] intentionally omitted <==

Page 6 of 15

==> picture [650 x 417] intentionally omitted <==

Figure 5: Near-resource targets as refined by near-surface drill intercepts, IP modelling and 1[st] VD aeromagnetics.

Page 7 of 15

==> picture [596 x 107] intentionally omitted <==

REGIONAL TARGETING

The NEB deposit is characterised by a major jog and the lateral ENE-WSW dextral disruption of the beltbasin margin and interaction of 3 primary structural domains, visible on figures 4 and 5, as ENE-WSW (northern), WNW-ESE (southern) and N-S (cross-cutting). NEB sits at the triple junction of these three components, where the latest N-S corridor cross-cuts the older ENE-WSW and WNW-ESE domains. The BC deposit sits on the northern margin of the WNW-ESE domain.

A number of higher priority regional targets (shown in Figure 6) have been previously identified through a combination of geophysical surveys (aeromagnetic) and structural interpretation with reference to the structural setting of the NEB deposit, as well as near-surface drilling results.

The success of ground IP in deconstructing the NEB deposit highlights its capacity to deliver value to these targets as regional exploration ramps up in 2023.

==> picture [379 x 421] intentionally omitted <==

Figure 6: Regional targets shown against geological interpretation.

Page 8 of 15

==> picture [596 x 107] intentionally omitted <==

NEXT STEPS

Predictive is strengthening its exploration team to support an increasing focus on near-resource and regional exploration. Two senior geologists have been hired and a dedicated team has been assigned to these programs.

Additional ground IP and gravity surveys are scheduled to commence at the BC deposit (and surrounding areas) and NEB East in early 2023, to further refine target areas and future drilling programs. Infill aircore drilling is planned at the seven main near-resource prospects and is due to commence in early 2023.

Regionally, ground IP and gravity surveys are being planned at the AG1, AG2 and BK2 prospects to better define setting architecture and prospectivity. 200m x 50m spaced reconnaissance auger drilling is scheduled to commence in early 2023 in the northern area along the Archean-Birimian contact, to define targets for follow-up aircore and reverse circulation drilling.

Outcomes of this exploration work will be reported as results become available.

- END -

This announcement is authorised for release by Predictive Managing Director, Andrew Pardey.

For further information visit our website at www.predictivediscovery.com or contact:

Investor Enquiries Media Enquiries Brad Milne Bobby Morse/George Cleary Corporate Development Manager Buchanan E: [email protected] E: [email protected] P: +61 8 9216 1000 P: +44 (0) 20 7466 5000

==> picture [150 x 198] intentionally omitted <==

Page 9 of 15

==> picture [596 x 107] intentionally omitted <==

ABOUT PREDICTIVE DISCOVERY

Predictive is focused on identifying and developing gold deposits within the Siguiri Basin, Guinea. The Company’s key asset is the Tier-1 Bankan Gold Project. With a growing resource base of over 4.2Moz Au (inferred) to date, Bankan is the largest gold discovery in West Africa in a decade. Predictive’s strategy is to bring Bankan into production whilst identifying and developing other deposits within this highly prospective and underexplored region.

In parallel with ongoing and extensive drilling programs, Predictive has launched a range of studies and programs, designed to sustainably progress the Bankan Project through to production. Baseline social, environmental and biodiversity studies are underway as part of an extensive ESG program and a Scoping Study is planned to be completed in the second half of 2023.

COMPETENT PERSONS STATEMENT

The exploration results reported herein are based on information compiled by Mr Norm Bailie. Mr Bailie 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 Bailie consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

COMPLIANCE STATEMENT

Predictive advises that it is not aware of any new information or data that materially affects the previous exploration results or 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.

TABLE 1: POWER AUGER DRILLING RESULTS

Hole No. Prospect UTM 29N
East
UTM 29N
North
RL
(GPS)
Hole
azimuth
Hole
dip
Hole
depth
From 0.5g/tgold
Interval
cut-off
Au g/t
cut-off
Au g/t
GM
BKAU3491 NEB S 396,810 1,173,736 401.9 0 -90 24 10 2 1.00 2
BKAU3602 NEB S 396,972 1,173,741 399.0 0 -90 30 12 4 1.23 5
BKAU3604 NEB S 396,913 1,173,737 395.6 0 -90 22 10 2 0.56 1
BKAU3612 NEB S 397,133 1,173,736 404.4 0 -90 26 4 2 0.62 1
BKAU3622 SEB 397,330 1,173,738 386.2 0 -90 26 14 12 1.53 18
BKAU3630 SEB 397,491 1,173,734 387.9 0 -90 26 12 10 0.69 7
BKAU3631 SEB 396,931 1,173,736 404.9 0 -90 26 0 2 0.91 2
BKAU3647 NEB S 396,870 1,173,416 389.2 0 -90 28 8 2 0.85 2
BKAU3662 NEB S 396,525 1,172,860 405.4 0 -90 26 2 4 0.74 3
BKAU3751 NEB S 396,911 1,173,817 399.4 0 -90 25 12 2 0.70 1
BKAU3753 NEB S 396,947 1,173,820 401.3 0 -90 25 11 4 0.92 4
BKAU3755 NEB S 396,987 1,173,820 394.5 0 -90 26 16 10 1.00 10
BKAU3758 NEB S 396,866 1,174,299 411.4 0 -90 21 0 2 0.57 1
Page 10 o

Page 10 of 15

==> picture [596 x 107] intentionally omitted <==

TABLE 2: AIRCORE DRILLING RESULTS

0.5g/tgold c ut-off
Hole No. Prospect UTM 29N UTM 29N RL
(GPS)
Hole
azimuth
Hole Hole From Interval
East North dip depth Au g/t GM
BKAC0275 800W 396,086 1,175,832 389.7 160 -55 50 32 2 1.44 3
38 2 0.52 1
BKAC0390 SEB 397,265 1,173,082 381.3 110 -55 40 6 2 0.86 2
BKAC0392 SEB 397,313 1,173,069 385.3 110 -55 60 28 4 2.29 9
BKAC0393 SEB 397,343 1,173,060 389.1 110 -55 60 50 2 0.52 1
BKAC0396 SEB 397,422 1,173,024 395.9 120 -55 60 18 6 1.60 10
48 2 0.99 2
BKAC0398 SEB 397,480 1,172,992 395.4 120 -55 60 8 2 0.73 1
48 2 0.77 2
56 2 0.60 1
BKAC0399 SEB 397,509 1,172,976 395.1 120 -55 52 14 2 0.75 2
38 4 1.84 7
BKAC0403 SEB 397,621 1,172,924 392.6 120 -55 47 26 2 1.01 2
32 4 1.33 5
BKAC0406 SEB 397,698 1,172,896 389.4 100 -55 38 36 2 0.75 2
BKAC0407 SEB 397,718 1,172,897 388.8 90 -55 39 24 2 1.07 2
30 2 3.26 7
BKAC0409 NEB S 397,772 1,172,895 386.9 90 -55 49 48 1 0.65 1
BKAC0420 NEB W 395,529 1,175,346 387.5 60 -55 51 6 4 0.68 3
BKAC0421 NEB W 395,554 1,175,355 386.6 70 -55 58 24 2 0.95 2
BKAC0434 NEB W 395,829 1,175,368 388.1 100 -55 50 44 2 0.63 1
BKAC0438 NEB W 395,934 1,175,360 391.8 90 -55 61 42 2 0.82 2
BKAC0441 NEB W 396,038 1,175,360 395.7 80 -55 64 48 2 2.45 5
BKAC0442 NEB W 396,077 1,175,369 397.1 80 -55 64 48 2 1.72 3
BKAC0448 NEB W 396,276 1,175,362 403.8 90 -55 64 10 6 0.62 4
BKAC0455 NEB W 396,478 1,175,574 402.7 40 -55 64 20 6 0.46 3
BKAC0459 NEB W 396,549 1,175,684 399.3 40 -55 64 44 2 0.61 1
BKAC0460 NEB N 396,577 1,175,702 398.9 50 -55 64 40 4 5.66 23
BKAC0462 NEB N 396,635 1,175,737 398.0 60 -55 53 48 2 0.50 1
BKAC0464 NEB N 396,679 1,175,760 397.8 60 -55 49 30 6 0.41 2
BKAC0465 NEB N 396,704 1,175,774 397.6 60 -55 46 30 2 0.53 1
36 2 0.69 1
44 2 0.62 1
BKAC0466 NEB N 396,724 1,175,785 397.4 60 -55 47 24 20 1.02 20
BKAC0467 NEB N 396,744 1,175,800 397.0 50 -55 45 22 2 0.72 1
36 9 0.54 5
BKAC0468 NEB N 396,763 1,175,814 396.7 60 -55 44 20 6 0.46 3
38 6 0.67 4
BKAC0469 NEB N 396,776 1,175,826 396.5 60 -55 42 8 8 0.92 7
22 4 0.77 3
38 4 0.91 4
BKAC0470 NEB N 396,798 1,175,832 396.4 70 -55 54 6 14 0.89 12
24 2 1.10 2
30 2 0.50 1
BKAC0471 NEB N 396,828 1,175,834 396.7 90 -55 64 4 8 0.68 5
22 8 5.14 41
38 2 0.56 1
46 2 0.78 2
BKAC0472 NEB N 396,865 1,175,827 396.5 90 -55 64 18 2 1.06 2
46 4 1.27 5
BKAC0473 NEB N 396,898 1,175,825 397.0 90 -55 64 6 2 1.45 3
BKAC0475 NEB N 396,966 1,175,816 398.1 90 -55 64 22 2 0.57 1
36 2 0.69 1
BKAC0491 NEB E 397,447 1,175,869 392.5 80 -55 34 26 2 0.67 1
32 2 10.30 21
BKAC0492 NEB E 397,463 1,175,867 392.4 80 -55 29 24 4 1.58 6
BKAC0493 NEB E 397,480 1,175,861 392.4 100 -55 31 20 2 2.05 4
28 2 0.57 1
BKAC0494 NEB E 397,499 1,175,859 392.3 100 -55 24 28 2 0.48 1

Page 11 of 15

==> picture [596 x 107] intentionally omitted <==

TABLE 3: JORC CODE – AIRCORE AND POWER AUGER DRILLING

Section 1: Sampling Techniques and Data Section 1: Sampling Techniques and Data
Criteria JORC Code Explanation Commentary
Sampling Technique 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.
In cases where ‘industry standard’ work has been done this
would be 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.
Samples assayed were Aircore (AC) drill chips/core and Power
Auger (Auger).
Auger: In all the power auger drill holes reported here, 2kg
composite samples were collected for every 4m downhole interval.
AC: Individual one metre samples were collected from the cyclone
and weighed. Each sample was then riffle split producing a 1kg
split sample. Two metre composite samples weighing
approximately 2kg were submitted to the assay laboratory by
combining the individual 1kg riffle split sample from each metre
into a single bag.
All samples were dried, crushed and pulverised at the SGS
laboratory in Bamako to produce a 50g fire assay charge with Au
analysed by FAA505.
Duplicate samples were retained for re-assay.
Sampling was supervised by qualified geologists.
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).
AC: Drilling company is IPGS (Industry Petroleum and Gas of
Senegal). Drill type is Aircore using a 3.5 inch diameter coring
blade. Where hard layers including quartz veins were encountered
the blade was switched to a face sampling AC/RC hammer bit.
Auger: Power auger drilling was carried out by ADS (African Drilling
Services) and WAADS (West African Auer Drilling Services) using a
4WD-mounted power auger rig.
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.
Each 1 metre is recovered and bagged from the cyclone. Each 1 metre
drill sample is weighed.
AC: Sample recoveries were in general high and no unusual measures
were taken to maximise sample recovery. Where samples became too
wet or sample recovery and quality decreased, holes were stopped.
Significant sample bias is not expected with riffle splitting of saprolite
materials.
Auger: Sample recovery is not assessed for power auger drilling as it is
a geochemical method. In general, however, recoveries are good
because the hole has to be cleared by the screw-type rods in order for
the drill rods to advance downwards.
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
and alteration and minor minerals. Minor minerals are estimated
quantitively.
None of the samples will be used in a Mineral Resource estimate.
Sub-Sampling Technique
and Sample Preparation
If core, whether cut or sawn and whether quarter, half or
all core taken.
AC: Samples are collected every 1 metre directly from the cyclone on
the drill rig. The samples are riffle split to 2.5-3kg for every 2 metres

==> picture [596 x 107] intentionally omitted <==

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 duplicate/second-half sampling.
Whether sample sizes are appropriate to the grain size of the
material being sampled.
drilled. Blind field duplicates are collected every 15 samples and
inserted in the sample stream.
Sample condition is logged constantly and generally is simply dry or
moist. When the samples become wet and integrity is lost, drilling is
stopped by the rig geologist.
Auger: Each auger rod is 2m and a composite is made every 4m. The
sample material is constantly subsamples into a tub which is then cone
and quartered into a 2.5-3kg composite for submission to the lab. One
field duplicate is taken and assayed every 50 samples.
The sampling methods are industry standard for AC and Auger drilling
programs in West African savannah laterite terrains.
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
lower detection limit of 5ppb Au and an upper detection limit of 100
g/t. All samples with +100g/t are check assayed by gravimetric finish.
Field duplicates, standards and blank samples are inserted in sequence
every 15 samples for AC and Auger drilling.
All QAQC results a monitored as results are reported and the Data
Manager will accept or reject the batch based on set criteria.
All results reported in this release have passed QAQC assurance
criteria.
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.
The intercepts are generated from DATASHED with a COG >=0.5g/t
and maximum of 2 metres internal dilution. These intercepts are
verified individually by the Geology Manager before being compiled
for publication.
No twin holes are routinely conducted for AC or AUGER drilling.
Normal protocol would have auger anomalies followed up by AC
and consequently by RC if successful. Auger drilling proceeds by
iteration infilling patterns from 200x100m to 100x50m to 50x50m.
No adjustment of assay data is conducted.
Location of Data points Accuracy and quality of surveys used to locate 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.
All surface survey work is conducted in-house using a LEICA 18T
RTK DGPS referencing the West African GEOID and WGS84 29N
projection.
All drill collars are set-out as planned in MICROMINE and re-
surveyed upon hole completion.
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.
AC: The drill holes were designed to follow up previously defined
>0.25g/t Au auger soil anomalies. Holes were either drilled heel to
toe along traverses, or as scissor pairs in opposite directions at
each target. Hole target depths and spacing were nominally 50m or
as modified for heel to toe coverage. The intention of the drilling is
to obtain a complete sample of the oxidised gold mineralisation
and provide some indication of gold mineralisation orientations. All
holes were angle drilled at 50 or 55 degrees.
The adequacy of the current drill hole spacing for Mineral Resource
estimation is not yet known as an appropriate understanding of
mineralisation and continuity has not yet been established.
Auger: Holes were located on 320x80m and 80x80m grids. New
auger infill patterns have been reset to 200x100m to 100x50m to
50x50m. This type of drilling is not appropriate for inclusion in the
calculation of any Mineral Resource estimate.

==> picture [596 x 107] intentionally omitted <==

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 area but based on the NEB deposit,
an east-west line orientation with holes inclined to the west and east
was considered most likely to test the target anomalies.
Sample Security The measures taken to ensure sample security. All bulk cyclone samples and lab splits are collected from the rig
side and transported for storage at the bag farm next to the
main core shed and drill workshop. The area is guarded 24/7.
Samples were split and sealed (tied off in calico or plastic bags)
at the drill site. All samples picked for analyses are placed in
clearly marked bags and were stored securely on site before
being picked up and transported to Bamako by SGS truck.
Coarse rejects and pulps are recovered from SGS in Bamako and
stored at the bag farm.
Audits or Reviews The results of any audits or reviews of sampling
techniques and data.
In June 2022, CSA conducted an audit of all drill sampling
techniques, sample storage and chain of custody procedures
used by Predictive in Guinea.
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
parties such as joint 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 Bankan Gold Project comprises 4 exploration permits,
Kaninko (PDI 100%), Saman (PDI 100%), Bokoro (PDI 100%) and
Argo JV (right to earn 100% in JV with local partner). Permits are
held by Predictive subsidiaries in Guinea or in a joint venture
structure. Parts of the Kaninko and Saman permits overlap Buffer
Zone 2 of the Upper Niger National Park.
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 permits 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 the accompanying notes and Tables in this release.
All drill hole information is collected to JORC/43-101 standards
and is managed by a company Data Manager in DATASHED.
Capital Drilling using north-seeking gyro dth survey instruments
and each shift is validated by WELLFORCE personnel in Europe
before being emailed to Predictive personnel and database
within 12 hours.
CSA conducted a detailed audit of all geological data collection
procedures in June 2022.
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.
All mineralised intervals are reported on a weighted average
basis.
AC: Drill sampling was in two metre composites intervals. Up to
2m (down-hole) of internal waste is included for results reported
at the 0.5g/t Au cut-off grade.
Auger: Kaninko and Saman area gold results are averaged from
4m depth to end of hole. This removes the effect of false
transported anomalies in laterite. For the Argo area, no

==> picture [596 x 107] intentionally omitted <==

The assumptions used for any reporting of metal
equivalent values should be clearly stated.
transported effects have been noted to date therefore gold
results are averaged from surface to end of hole.
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 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’).
AC and AUGER drilling invariably is the first-pass exploration
drilling and target geometry is unknown. Maintaining a -55 dip
maximises coverage and rig safety.
At NEB the drilling is planned to intercept the orebody as close
to orthogonal as practically possible.
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.
Appropriate maps and cross sections are included in this release
(Figures 1-6).
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.
Comprehensive reporting of the drill results is provided in Tables
1 and 2.
Other Substantive
Exploration Data
Other exploration data, if meaningful and material,
should be reported including (but not 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.
All other exploration data on this area has been reported
previously by Predictive.
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.
The AC results form part of an ongoing regional exploration drill
program to follow up power auger drilling soil anomalies.
Regional power auger drilling is also ongoing, testing new target
areas.

==> picture [150 x 198] intentionally omitted <==

Page 15 of 15