Predictive Discovery Limited · ASX:PDI
Predictive Discovery — Diggers & Dealers Mining Forum 2023
36 slides from Predictive Discovery's conference presentation, Aug 7, 2023
Slide 1: West Africa's Next Tier-1 Gold Mine
West Africa’s Next Diggers & Dealers Tier-1 Gold Mine Mining Forum August 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, including matters relating to the geology of the
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 5.38Moz resource at NEB o Potential for additional o The right Management company with a Ti
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 Shares on issue A$45M Research Major shareholders Cash (at 30 June 2023) Australia UK A$351M Ben Crooks Mike Millikan Brock Salier (12.6%) (9.8%) Market cap (at 4 August 2023) Raj Ray Other institutional Paul Howard shareholders (~30%) Richard Kni
Slide 6: Bankan Gold Project
Company highlights All the ingredients for a Tier-1 gold mine 5.38Moz at 1.66g/t Au Bankan Gold Project Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 6
Slide 7: 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 5.38Moz @ 1.66g/t across two separate deposits1 • NEB: 4.89Moz @ 1.72g/t (Ind & Inf) • BC: 0.49Moz @ 1.24g/t (Ind & Inf)
Slide 8: Bankan Mineral Resource update
Bankan Mineral Resource update Significant increase and upgrade of the NEB and BC Mineral Resources Change in Mineral Resource Estimate from Feb-23 to Aug-23 o 5.38Moz across NEB (4.89Moz) and BC (487Koz) 6 o 1.20Moz or 29% increase from the Feb-23 estimate 0.56 0.16 5.38 5 0.48 o Increases achieved
Slide 9: 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 10: 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: • AngloGold Ashanti’s Siguiri Gold Mine (9.2Moz gold resource; 279Koz 2022 p
Slide 11: 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, especially in the Core Conservation Area o
Slide 12: 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 13: NEB deposit
NEB deposit Deposit Classification Cut-off Tonnes Grade Contained (g/t Au) (Mt) (g/t Au) (Koz Au) Large-scale orebody with excellent consistency Indicated 0.5 78.4 1.55 3,900 NEB Open Pit Inferred 0.5 3.1 0.91 92 o Large open pit resource (3.99Moz @ 1.53g/t) and high-grade Total 81.4 1.53 3,993 unde
Slide 14: BC deposit
BC deposit Cut-off Tonnes Grade Contained 487Koz only 3km west of NEB Deposit Classification (g/t Au) (Mt) (g/t Au) (Koz Au) Indicated 0.4 5.3 1.42 244 BC Open Pit Inferred 0.4 6.9 1.09 243 o Open pit resource of 487Koz @ 1.24g/t within an BC Total 12.2 1.24 487 orogenic gold deposit Refer to notes
Slide 15: 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 o Two sample streams tested: • Gravity concentrat
Slide 16: Near-Resource & Regional Exploration
Company highlights All the ingredients for a Tier-1 gold mine 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 16
Slide 17: 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 mineralisation in the NEB & BC region o Target areas confirmed by recent geophysics program – excellent induced polarisation results o Progr
Slide 18: 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 o Bankan sits atop a basin-margin gold bearing super-structure o Three main areas of interest along th
Slide 19: 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 o Significant early-stage exploration completed in the last 6 months • Extensive auger geoche
Slide 20: 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 o Figures show the CMY magnetic domain ima
Slide 21: 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 22: 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 o 5.4Moz Resource at NEB and BC, with upside. 77% of the Resource in the Indicated category o Scoping Study and ESIA to be completed in late 20
Slide 23: Appendix
Company highlights All the ingredients for a Tier-1 gold mine Appendix Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 23
Slide 24: 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 NEB extension drilling BC extension/infill drilling Resource update Regional geophysics Regional dr
Slide 25: 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 26: 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 o ERM appointed as lead ESIA consultant and with specialist consultants INSUCO (social), and BIOTOPE & Guinea Ecologie (biodive
Slide 27: 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) • Extended biophysical and social study area (orange outline) E
Slide 28: Community relations
Community relations Extensive and ongoing stakeholder engagement MEDD, CPDM, OGPNRF cadrage visit Compensation Price Matrix Info session – Prefectoral technical Bankan Community Commission meeting services/administration, Bankan Community Commission o Extensive stakeholder profile comprises national
Slide 29: 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 Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 29
Slide 30: Bankan Project Mineral Resource
Update images 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 78.4 1.55 3,900 NEB Open Pit Inferred 0.5 3.1 0.91 92 Total 81.4 1.53 3,993 NEB Underground Inferred 2.0 6.8 4.07
Slide 31: Bankan Project Mineral Resource
Bankan Project Mineral Resource NEB Mineral Resource Estimate by Domain Indicated Inferred Cut-off Domain Tonnes Grade Contained Tonnes Grade Contained (g/t Au) (Mt) (g/t Au) (Koz Au) (Mt) (g/t Au) (Koz Au) Open Pit Laterite 0.5 1.7 1.00 57 - - - Low Grade 0.5 - - - 0.1 0.58 5 Medium Grade 0.5 63.9
Slide 32: Bankan Project Mineral Resource
Bankan Project Mineral Resource BC Mineral Resource Estimate by Domain Indicated Inferred Cut-off Domain Tonnes Grade Contained Tonnes Grade Contained (g/t Au) (Kt) (g/t Au) (Koz Au) (Kt) (g/t Au) (Koz Au) Open Pit Laterite 0.4 0.2 0.95 0 - - - Low Grade 0.4 1,180 0.58 22 2,875 0.65 60 Medium Grade
Slide 33: Bankan Project Mineral Resource
Bankan Project Mineral Resource NEB Open Pit Grade Tonnage Table BC Open Pit Grade Tonnage Table Cut-off Tonnes Grade Contained Cut-off Tonnes Grade Contained (g/t Au) (Mt) (g/t Au) (Koz Au) (g/t Au) (Mt) (g/t Au) (Koz Au) 0 110.5 1.17 4,163 0 16.0 1.01 520 0.1 106.4 1.21 4,155 0.1 16.0 1.01 520 0.2
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 BANKAN MINERAL RESOURCE INCREASES TO 5.38MOZ, 7/8/2023 6M AT 32G/T GOLD FROM FIRST DRILLING AT KOUNDIAN, GUINEA, 31/05/2021 RESOURCE DEFINITION DRILLING RESULTS, 7/8/2023 WIDESPREAD & HIGH-GRADE GOLD FROM BANKAN REGIONAL AUGER, 13/05/2021 ENCOURAGING DRILL RESULTS AT NEB, BC AN
Slide 36: Company highlights
Company highlights All the ingredients for a Tier-1 gold mine 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.predictivediscovery.com
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