Slide 1: West Africa's Next Tier-1 Gold Mine
For personal use only West Africa’s Next Noosa Mining Tier-1 Gold Mine Conference July 2023 ASX:PDI
Slide 2: Forward looking statements, disclaimer and compliance
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, For personal use only including matters relating
Slide 3: Company highlights
Company highlights All the ingredients for a Tier-1 gold mine, with potential for additional discoveries Company fundamentals Bankan deposits Bankan regional upside Management team o Exploration/development o 4.2Moz resource at NEB o Potential for additional o The right Management For personal use o
Slide 4: The right team
The right team Highly experienced Board and senior management team Board Simon Jackson Andrew Pardey Sandra Bates Steven Michael Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director • 25 years’ experience in the • Geologist with extensive • 20+ years’ experience • 2
Slide 5: Corporate overview
Corporate overview Technical and ESG partners 2,067M For personal use only Shares on issue A$45M Research Major shareholders Cash (at 30 June 2023) A$362M Brock Salier Paul Howard (12.6%) (9.8%) Market cap (at 14 July 2023) Ben Crooks Mike Millikan Other institutional shareholders (~30%) Raj Ray And
Slide 6: Bankan Gold Project
Company highlights All the ingredients for a Tier-1 gold mine For personal use only 4.2Moz at 1.69g/t Au Bankan Gold Project Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 6
Slide 7: About Guinea
About Guinea Mining industry’s contribution to the economy (EITI)¹ Mature resources industry; West Africa’s next major gold region 18% To government revenues o Established mining code & fiscal regime • Royalty of 5% plus a 1% contribution to local Development 30% • Corporate tax rate of 30% • State
Slide 8: Guinea's Siguiri Basin
Guinea’s Siguiri Basin Bankan strategically located in the centre of Guinea’s new gold rush o Siguiri Basin is the least explored region within the West African Birimian Greenstone belt o Hosts mines and deposits including: For personal use only • AngloGold Ashanti’s Siguiri Gold Mine (9.2Moz gold r
Slide 9: Introduction to Bankan
Introduction to Bankan West Africa’s next Tier-1 gold deposit o Four contiguous exploration permits covering a 35km-long richly gold endowed super structure o Mineral Resource of 4.2Moz @ 1.69g/t across two separate deposits1 For personal use only • NEB: 3.85Moz @ 1.72g/t (Ind & Inf) • BC: 0.33Moz @
Slide 10: ESG focus
ESG focus Committed to the sustainable development of Bankan ESG strategy & goals o Develop Bankan in an environmentally and socially sustainable manner, with strong support from key stakeholders o Protect the environment and improve outcomes in the region, For personal use only especially in the Co
Slide 11: Landscapes within the Upper Niger National Park
Landscapes within the Upper Niger National Park The mix and quality of land varies greatly within the different zones Mix of natural and modified habitats across project area – much of natural habitat significantly disturbed by anthropogenic activities including subsistence agriculture, slash-and-bu
Slide 12: Bankan Mineral Resource
Bankan Mineral Resource Deposit Classification Cut-off (g/t Au) Tonnes (Mt) Grade (g/t Au) Contained (Koz Au) Resource update planned in Q3 2023 for use in Indicated 0.5 42.7 1.27 1,747 the Scoping Study NEB Open Pit Inferred 0.5 24.7 2.23 1,768 Total 67.4 1.62 3,515 o Currently 4.2Moz across NEB (3
Slide 13: BC deposit
BC deposit 331Koz only 3km west of NEB, with upside potential For personal use only o Re-logging and geological re-interpretation completed o Additional resource definition drilling completed ahead of the Q3 2023 Mineral Resource update Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.
Slide 14: Straightforward and simple metallurgy
Straightforward and simple metallurgy o Initial metallurgical test work completed on the high-grade Conceptual processing flowsheet zone in the lower area of the current pit shell with an average recovery of 92.8% primary coarse ore crusher stockpile For personal use only o Two sample streams tested
Slide 15: Near-Resource & Regional Exploration
Company highlights All the ingredients for a Tier-1 gold mine For personal use only Seeking to prove up Near-Resource & Regional Exploration the full potential of the Bankan permits Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 15
Slide 16: Near-resource potential
Near-resource potential Early work highlights multi-deposit potential within 5km of NEB o Shallow drilling (auger & aircore) results confirm the extent of gold For personal use only mineralisation in the NEB & BC region o Target areas confirmed by recent geophysics program – excellent induced polari
Slide 17: Regional potential
Regional potential 35km-long gold super-structure with significant exploration upside o Exploration team strengthened in late 2022 to drive regional programs o Significant exploration upside exists For personal use only o Bankan sits atop a basin-margin gold bearing super-structure o Three main area
Slide 18: Argo exploration update
Argo exploration update RC drilling underway to test 11 drill targets o Attractive geological setting and potential for additional large-scale discoveries o Numerous active and historical artisanal workings For personal use only o Significant early-stage exploration completed in the last 6 months •
Slide 19: Argo aeromag reprocessing
ARGO Depletion Argo aeromag reprocessing Zone Further evaluation of airborne magnetics data has E-W Positive upgraded the AG1 for BC style mineralisation Trends o 2021 airborne magnetic survey data reprocessed on regional and local scales at Argo and NEB/BC For personal use only o Figures show the C
Slide 20: Argo induced polarisation results
NEB combined GAIP and P-DIP results (section 1175340N) Argo induced polarisation results Multiple anomalies identified from IP surveys 3D MODEL CHARGEABILITY SHELLS DRILLING o Highly successful IP trial conducted over NEB in 2022 • NEB mapped over ~500m in the near surface (using GAIP) and to an IP
Slide 21: PDI summary
PDI summary An exciting future as Bankan moves towards the development phase o Exploration/development company with the Tier-1 Bankan Gold Project in Guinea For personal use only o 4.2Moz Resource at NEB and BC to-date, with significant upside. 50% of NEB Open Pit Resource converted to Indicated o S
Slide 22: Appendix
Company highlights All the ingredients for a Tier-1 gold mine For personal use only Appendix Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 22
Slide 23: Indicative activities & timeline
Indicative activities & timeline Driving towards ESIA & Scoping Study completion in late 2023 and permitting in 1H 2024 2022 2023 2024 2025 2026 Activity H2 H1 H2 H1 H2 H1 H2 H1 H2 NEB infill drilling For personal use only NEB extension drilling BC extension/infill drilling Resource update Regional
Slide 24: The roadmap to permitting
The roadmap to permitting Taking a diligent and disciplined pathway to development Environmental Social Impact Assessment (“ESIA”) • Comprehensive study and report of a Project's potential environmental and social risks and impacts Project definition • ESIA findings will inform the environmental and
Slide 25: ESIA overview
ESIA overview Delivering a compliant, robust & fit-for-purpose assessment World-class delivery o ESIA approach aligned with IFC Performance Standards and Equator Principles For personal use only o ERM appointed as lead ESIA consultant and with specialist consultants INSUCO (social), and BIOTOPE & Gu
Slide 26: ESIA study area and scope
ESIA study area and scope Delivering a compliant, robust & fit-for-purpose assessment o ESIA study area across Saman and Kaninko permits includes: • Preliminary area of influence – 2km buffer around project components (pink shaded area) For personal use only • Extended biophysical and social study a
Slide 27: Community relations
Community relations Extensive and ongoing stakeholder engagement For personal use only MEDD, CPDM, OGPNRF cadrage visit Compensation Price Matrix Info session – Prefectoral technical Bankan Community Commission meeting services/administration, Bankan Community Commission o Extensive stakeholder prof
Slide 28: Community relations
Community relations Supporting the local community with a range of projects Bankan Market Garden Bankan School Enclosure Bankan School Canteen PNHN Fire Management Campaign For personal use only Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 28
Slide 29: Bankan Project Mineral Resource
Bankan Project Mineral Resource Updated Bankan Mineral Resource estimate Cut-off Tonnes Grade Contained Deposit Classification (g/t Au) (Mt) (g/t Au) (Koz Au) Indicated 0.5 42.7 1.27 1,747 NEB Open Pit Inferred 0.5 24.7 2.23 1,768 Total 67.4 1.62 3,515 For personal use only NEB Underground Inferred
Slide 30: NEB Mineral Resource Estimate by Domain
Bankan Project Mineral Resource NEB Mineral Resource Estimate by Domain Indicated Inferred Cut-off Domain Tonnes Grade Contained Tonnes Grade Contained (g/t Au) For personal use only (Mt) (g/t Au) (Koz Au) (Mt) (g/t Au) (Koz Au) Laterite 0.5 1.9 1.00 62 - - - Low Grade 0.5 - - - 0.7 0.58 13 Medium G
Slide 31: NEB Open Pit Grade Tonnage Table
Bankan Project Mineral Resource NEB Open Pit Grade Tonnage Table Indicated Inferred Total Cut-off (g/t Au) Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained For personal use only (Mt) (g/t Au) (Koz Au) (Mt) (g/t Au) (Koz Au) (Mt) (g/t Au) (Koz Au) 0 42.8 1.27 1,750 41.7 1.43 1,921
Slide 32: NEB cross section 1174780N
NEB cross section 1174780N Highlights potential for incremental growth in the underground resource and into the footwall of the pit shell For personal use only Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 32
Slide 33: NEB cross section 1174900N
NEB cross section 1174900N Consistent and high-grade results in the middle/lower part of the pit shell to support further upgrades to Indicated For personal use only Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 33
Slide 34: Conceptual project layout
Conceptual project layout Initial layout prepared to allow progression of ESG studies, and will be refined as the Scoping Study concludes o Pit design based on resource pit shells – subject to optimisation from further drilling and the Scoping Study o Conceptual decline design for underground ore ac
Slide 35: Material ASX releases
Material ASX releases ENCOURAGING DRILL RESULTS AT NEB, BC AND NEARBY TARGETS, 19/6/2023 WIDESPREAD & HIGH-GRADE GOLD FROM BANKAN REGIONAL AUGER, 13/05/2021 ARGO TARGET UPGRADED BY RECENT AUGER RESULTS, 19/6/2023 NE BANKAN CENTRAL GOLD ZONE EXTENDING TO SOUTH AT DEPTH, 6/05/2021 POSITIVE RESOURCE DR
Slide 36: For further information contact
Company highlights All the ingredients for a Tier-1 gold mine For personal use only For further information contact BRAD MILNE Corporate Development Manager E: brad.milne@predictivediscovery.com BOBBY MORSE / GEORGE POPE Buchanan E: predictive@buchanan.uk.com T: +44 (0)20 7466 5000 ASX : PDI | www.p