Slide 1: Developing a Leading West African Gold Company
Developing a March 2026 Quarter Leading West African Investor Update Gold Company 28 April 2026 ASX:PDI, TSX:PDI Image: Kiniero operation 1
Slide 2: Forward Looking Statements, Important Notices and Disclaimers
Forward Looking Statements, Important Notices and Disclaimers Forward Looking Statements and Important Notice. This investor presentation is dated 28 April 2026 and has been prepared by Predictive Discovery Limited (ASX: PDI) (TSX: PDI) (“PDI” or the “Company”) based on information available at the
Slide 3: Forward Looking Statements, Important Notices and Disclaimers
Forward Looking Statements, Important Notices and Disclaimers Not an Offer This Investor Presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this Investor Presentation nor anything in it sh
Slide 4: PDI Overview (Post-Merger)
PDI Overview (Post-Merger) Pathway to becoming a leading West African gold producer Two producing mines: Targeted production of Board and management with track record of Kiniero (Guinea) and Nampala (Mali) >400kozpa by 20291 developing and operating African gold mines Tier-1 development project: 9.5
Slide 5: Corporate Overview (Post-Merger)
Corporate Overview (Post-Merger) US$3.3Bn gold company with a strong financial platform and high-quality institutional shareholder base Selected Institutional Shareholders Capitalisation1,2 Ordinary Shares Outstanding 4,893m Unlisted Options/Warrants/Performance Rights 195m Fully-Diluted Shares Outs
Slide 6: March Quarter – Key Highlights
March Quarter – Key Highlights1 Transformational quarter: Kiniero reaches commercial production, successful commissioning, low-cost operations and strong cash generation Production Sales Costs 48koz 42koz US$1,043/oz Gold produced Gold sold Kiniero all-in sustaining cost (AISC)2 Revenue Cash Guidanc
Slide 7: March 2026 Quarter Production and 2026 Guidance
March 2026 Quarter Production and 2026 Guidance Production volume and AISC inline with plan, reflecting a period of transition with Kiniero commissioning and ramp-up Summary Operational and Financial Metrics1 Units Mar-26 Quarter Dec-25 Quarter Var % o Production volumes totalled 48,178oz Au, up 308
Slide 8: Kiniero Operations Update
Kiniero Operations Update Strong ramp-up driven by mining and processing performance exceeding plan Summary Operational Metrics Units Mar-26 Quarter Dec-25 Quarter Var % o Strong Operational Ramp-Up: March 2026 quarter outperformed plan following mid-December commissioning and commercial production
Slide 9: Nampala Operations Update
Nampala Operations Update Established operation delivering consistent output and steady cash generation Summary Operational Metrics Units Mar-26 Quarter Dec-25 Quarter Var % o Production volumes of 10,000oz Au, down 9%, consistent with the planned mine schedule Ore Mined dmt 658,907 518,297 27% Tota
Slide 10: March 2026 Quarter Cash Flow Bridge
March 2026 Quarter Cash Flow Bridge1 Strong cash flow generation supported by Kiniero ramp-up and high realised pricing (US$M) o Robex cash balance increased to US$240M4 201 o Additional PDI cash of US$22M, delivering pro-forma cash of US$263M5 (62) 22 263 o Total cash inflow for Robex of US$94.6M d
Slide 11: Bankan Project Update
Bankan Project Update Tier-1 development project approaching construction-ready status o Execution planning progressed during the quarter with collaboration between PDI and NEB Deposit Robex development team o Focus on critical path and long lead items to allow construction to commence after award o
Slide 12: March Quarter Highlights and Objectives
March Quarter Highlights and Objectives A well executed start to a transformational 2026 for the Company March 2026 Quarter Highlights 2026 Objectives Safety: one recordable injury; Production Guidance: 198,000 – 220,000oz PDI TRIFR of 0.0 and Robex TRIFR of 2.3 Kiniero: 157,000 – 174,000oz Nampala:
Slide 13: Company Overview
Company Overview A leading West African gold company 13
Slide 14: Building Guinea’s Leading Gold Producer
Building Guinea’s Leading Gold Producer Consolidation of two major assets to create the largest gold producer in the Siguiri Basin Units Bankan Kiniero Mine Life years 12 9 Ore Mined / Processed Mt 55 39 Processing Rate Mtpa 4.5 5.0 Project Metrics LOM Avg. Recovery % 93% 86% LOM Avg. Head Grade g/t
Slide 15: Pathway to Becoming one of West Africa’s Leading Gold Producers
Pathway to Becoming one of West Africa’s Leading Gold Producers PDI positioned to become one of the largest low-cost gold producers among African gold miners Market Capitalisation (US$m) Mineral Resources (Moz Au Eq.) 2026 Production Guidance (koz Au Eq.) 2026 AISC Guidance (US$/oz Au Eq.) Endeavour
Slide 16: Right Skill-Set to Drive Value Creation
Right Skill-Set to Drive Value Creation Experienced leadership team with proven track-record of building and operating mines in Africa, including Guinea Board Andrew Pardey Matthew Wilcox Alain William Simon Jackson Steven Michael Alberto Lavandeira Howard Golden Non-Executive Chair CEO & Managing D
Slide 17: Track Record of Project Execution
Track Record of Project Execution Combined team has successfully completed many gold developments in Africa, including in Guinea Siguiri Sukari LEFA1 Gross Abujar (Guinea) (Egypt) (Guinea) (Russia) (Côte d'Ivoire) 2003 2009 2015 2018 2023 LEFA Bissa Bouly Sanbrado Kiniero (Guinea) (Burkina Faso) (Bu
Slide 18: About Guinea
About Guinea Guinea is an established gold-producing jurisdiction with long term exploration and mining activity o Host to multiple world-class mining projects operated by leading international companies o Established gold industry o Global leader in bauxite "The Guinean economy is one of the o Home
Slide 19: Kiniero Overview
Kiniero Overview High-margin gold project with robust economics, strong production profile, and significant growth potential Large resource with potential for further reserve conversion 1.4Moz mineral reserve (45.5Mt @ 0.97g/t) 2.2Moz indicated mineral resource1 (71.2Mt @ 0.96g/t) 1.5Moz inferred mi
Slide 20: Kiniero Exploration & Resource Growth
Kiniero Exploration & Resource Growth Systematic brownfields expansion and greenfields drilling to extend mine life and support long-term production growth o District-scale exploration strategy combining brownfields expansion with greenfields discovery Exploration Strategy & o Near-term free dig oxi
Slide 21: Bankan Overview
Bankan Overview Large-scale, long-life gold development project with compelling economics and strong leverage to the current gold price environment Significant reserves Competitive capex & resources & opex2 2.95Moz ore reserve US$463m pre-production capex (51.6Mt @ 1.78g/t) ~US$1,057/oz LOM average
Slide 22: Bankan Mining and Processing
Bankan Mining and Processing Straight forward gold operation aiming to produce ~250koz per annum over 12.2 years Conventional mine designs and mining approach NEB Deposit o Open pit: multiple stages with LOM strip ratio of 1.9:1 and ave grade of 1.39g/t o Underground: longitudinal & transverse long
Slide 23: Bankan Exploration Upside
Bankan Exploration Upside 35km of Siguiri Basin margin; positive results at multiple exploration targets in the NEB area and at Argo1 Near-Resource Targets o Numerous near-surface prospects have been identified within 3kms of the NEB and BC deposits o Targets defined from shallow drilling and geophy
Slide 24: Nampala Overview
Nampala Overview Established producer delivering stable output and monthly free cash flow Nampala Operations Historical Gold Production (koz Au) o Located in southern Mali within the Leo-Man 60 Location Mali Shield of the West Africa Craton 50 80% Robex / 20% Mali o Reliable production base of 45-50
Slide 25: Appendix
Appendix 25
Slide 26: Reserves & Resources
Reserves & Resources Kiniero1,2 Nampala3,4 Tonnage Gold Grade Contained Tonnage Gold Grade Contained Deposit Weathering Type (Mt) (g/t Au) (Moz Au) (Mt) (g/t Au) (koz Au) Probable Probable Jean 4.2 1.53 0.20 Oxide 3.3 0.90 94.6 SGA 5.1 1.52 0.25 Transition 0.8 1.06 26.4 SGD 3.4 1.34 0.14 Total 4.0 0
Slide 27: Reserves & Resources Continued
Reserves & Resources Continued Bankan Reserves1,2 Bankan Resources1,3 Tonnage Gold Grade Contained Tonnage Gold Grade Contained Deposit Mining Method Classification Deposit Classification (Mt) (g/t Au) (koz Au) (Mt) (g/t Au) (koz Au) Open Pit Probable 40.2 1.36 1,751 Indicated 78.4 1.55 3,900 NEB Un
Slide 28: Sources for Total Mineral Resources, 2026 Production and AISC Guidance
Sources for Total Mineral Resources, 2026 Production and AISC Guidance 2026 AISC Guidance (US$/oz) Total Resource M&I Resource Inferred Resource 2026 Production Company | Gold Price Sources (Moz) (Moz) (Moz) Guidance (koz) Assumption (US$/oz) https://www.panafricanresources.com/reserves-resources/ 1
Slide 29: Material ASX Releases
Material ASX Releases BANKAN DFS CONFIRMS OUTSTANDING PROJECT ECONOMICS, 25/06/2025 IMPRESSIVE GOLD HITS CONTINUE AT 4.2MOZ BANKAN GOLD RESOURCE, 25/08/2022 HIGH GRADE DRILL RESULTS EXTEND BANKAN CK DISCOVERY TO NORTH, 11/02/2021 ARGO AND BOKORO EXPLORATION PERMITS UPDATE, 28/05/2025 DEEPEST HOLE TO
Slide 30: For further information contact
For further information contact Investor Enquiries: Media Enquiries (Australia): MATTHEW WILCOX NATHAN RYAN CEO and Managing Director NWR Communications T +61 8 9216 1000 T +61 420 582 887 E info@predictivediscovery.com E nathan.ryan@nwrcommunications.com.au 30