Slide 1: Site Visit Presentation
14 March 2023 SITE VISIT PRESENTATION For personal use only Predictive Discovery Limited (ASX:PDI) (“PDI” or the “Company”) is hosting site visits at the Bankan Gold Project in Guinea during mid-March 2023. The site visits are being attended by brokers and large shareholders. The enclosed presentati
Slide 2: West Africa's Next Bankan Project Tier-1 Gold Mine Site Visit
For personal use only West Africa’s Next Bankan Project Tier-1 Gold Mine Site Visit March 2023 ASX:PDI
Slide 3: Forward looking statements, disclaimer and compliance
Forward looking statements, disclaimer and compliance For personal use only 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
Slide 4: Introduction
For personal use only Introduction Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 3
Slide 5: Company highlights
Company highlights All the ingredients for a Tier-1 gold mine, with potential for additional discoveries For personal use only Company fundamentals Bankan deposits Bankan regional upside Management team o Exploration/development o 4.2Moz resource at NEB o Birimian/Archean contact o The right Managem
Slide 6: About Guinea
About Guinea Mining industry’s contribution to the economy (EITI)¹ Mature resources industry; West Africa’s next major gold region 18% For personal use only To government revenues o Established mining code & fiscal regime • Royalty of 5% plus a 1% contribution to local Development 30% • Corporate ta
Slide 7: Introduction to Bankan
Introduction to Bankan West Africa’s next Tier-1 gold deposit For personal use only 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 deposits: • NEB: 3.85Moz @ 1.72g/t (Ind & Inf) • BC: 0.33Moz @
Slide 8: Indicative activities & timeline
Indicative activities & timeline Driving towards ESIA & Scoping Study completion in late 2023 and permitting in 1H 2024 For personal use only 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
Slide 9: Our pathway through permitting and beyond: ESG and Sustainability
For personal use only Our pathway through permitting and beyond ESG and Sustainability
Slide 10: Our pathway through permitting and beyond
Our pathway through permitting and beyond Committed to developing the Bankan project in a safe and responsible way For personal use only Our purpose Our objectives is to deliver long-term value to our stakeholders. 1. Enable the successful development of the Bankan Project by Through the sustainable
Slide 11: The Upper Niger National Park
The Upper Niger National Park Understanding our critical context For personal use only Located in Kouroussa Prefecture, Upper Guinea region (Siguiri Basin), the Bankan Gold resource is positioned in Buffer Zone 2 of Upper Guinea National Park (Parc Nationale Haut Niger – “PNHN”) PDI’s strategy and a
Slide 12: Landscapes within the PNHN
Landscapes within the PNHN The mix and quality of land varies greatly within the different zones For personal use only Mix of natural and modified habitats across project area – much of natural habitat significantly disturbed by anthropogenic activities including subsistence agriculture, slash-and-b
Slide 13: The roadmap to development
The roadmap to development Taking a diligent and disciplined pathway to development For personal use only 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 infor
Slide 14: ESIA overview
ESIA overview Delivering a compliant, robust & fit-for-purpose assessment For personal use only 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 & Gu
Slide 15: ESIA study area and scope
ESIA study area and scope Delivering a compliant, robust & fit-for-purpose assessment For personal use only 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 a
Slide 16: ESIA baseline studies: Biodiversity surveys
ESIA environmental & social baseline studies Biodiversity – surveys For personal use only Purpose: gain knowledge of species presence and distribution to identify sensitive areas and Surveying techniques species with conservation value o 48 line transects of 500 meters each over study area - o Wet s
Slide 17: Biodiversity stakeholder engagement and collaboration
ESIA environmental & social baseline studies Biodiversity – stakeholder engagement and collaboration For personal use only PNHN collaboration o Capacity building and skills transfer: PNHN officers participated in wet season ecological surveys and camera traps field inspection under tutelage of BIOTO
Slide 18: Groundwater, air quality, noise and vibration baseline
ESIA environmental & social baseline studies For personal use only Groundwater and surface water baseline monitoring Air quality, noise and vibration o Monitoring network designed based on specialist o Continuous air quality monitoring located near-project and hydrogeological (groundwater) and hydro
Slide 19: Population studies in the social influence footprint
ESIA environmental & social baseline studies Population studies completed in the social influence footprint For personal use only o Kouroussa town (5,591 households*) o Nine rural villages (1,801 householders) Kignédouba o Near-impact villages: 125 households Kouroussa • Bankan (250 households) 5,59
Slide 20: Resettlement Compensation Policy Framework
ESIA environmental & social baseline studies Resettlement Compensation Policy Framework (“RPF”) For personal use only RPF overview o RPF developed to guide activities related to temporary crop/infrastructure compensation during exploration o RPF provides conceptual guidance for land acquisition, com
Slide 21: Community relations
Community relations Creating long-term value through responsible and transparent engagement For personal use only We understand that we have an important role to play within our local communities and within Guinea as well as in returning value to our shareholders Our purpose directs our decisions an
Slide 22: Extensive and ongoing stakeholder engagement
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 23: Supporting the local community with a range of projects
Community relations Supporting the local community with a range of projects For personal use only 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 22
Slide 24: Annual environmental authorisation
Annual environmental authorisation PDI received the annual renewal of the environmental For personal use only authorisation for the Bankan Permits on 10 March 2023 Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 23
Slide 25: Bankan Geology and Resources
For personal use only 4.2Moz at 1.69g/t Au Bankan Geology and Resources Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 24
Slide 26: West African Birimian Greenstone Belt
West African Birimian Greenstone Belt One of the world's most prolific yet underexplored gold mining regions For personal use only o One of the largest gold producing regions in the world o Home to three of top 5 gold producing countries in Africa o Total 2021 gold production of >15moz1 comprising •
Slide 27: Guinea's Siguiri Basin
Guinea’s Siguiri Basin Bankan is strategically located in the centre of Guinea’s new gold rush For personal use only o Located in the north-east corner of Guinea o Siguiri Basin’s margins globally recognised to be a richly mineralised fluid conduit, perfect for large greenfields gold discoveries o G
Slide 28: Bankan Gold Project Overview
Bankan Gold Project Overview Strategically located in the centre of Guinea’s new gold rush For personal use only o Four contiguous exploration permits covering a 35km-long richly gold endowed super structure, which represents the Siguiri Basin margin (contact between Birimian greenstones and Archean
Slide 29: Bankan Exploration Strategy and Next Steps
Bankan Exploration Strategy and Next Steps Recent focus on upgrading NEB Mineral Resource to support permitting; regional exploration increasing in 2023. For personal use only Strategy o NEB and BC discovery holes in Q2 2020. Rapidly grew to a total Inferred Mineral Resource of 4.2Moz in just over 2
Slide 30: NEB Mineral Resource update
NEB Mineral Resource update Deposit Classification Cut-off (g/t Au) Tonnes (Mt) Grade (g/t Au) Contained (Koz Au) Significant initial upgrade to Indicated category Indicated 0.5 42.7 1.27 1,747 For personal use only NEB Open Pit Inferred 0.5 24.7 2.23 1,768 Total 67.4 1.62 3,515 o Intention of the u
Slide 31: NEB Cross Section 1174820N
NEB Cross Section 1174820N BNEDD0129W2 and BNEDD0158 available for viewing For personal use only Hole No. From Interval g/t Au gm BNEDD0129W2 723.48 30.52 3.55 108 802 1 0.59 1 816 1 0.51 1 827 2 1.28 3 832 16 6.14 98 852 9 0.67 6 877.4 7.6 3.17 24 BNEDD0158 139 1 1.02 1 159 62 1.05 65 Predictive Di
Slide 32: NEB Cross Section 1174900N
NEB Cross Section 1174900N BNEDD0150 and BNEDD0186 available for viewing For personal use only Hole No. From Interval g/t Au gm BNEDD0150 52.5 1.5 1.17 2 143 6 2.31 14 154 24 2.02 49 182 3 0.55 2 188 39 3.63 142 235 3 1.69 5 241 1 12.00 12 248 9 0.45 4 264 1 0.66 1 287 1 0.97 1 BNEDD0186 467 1 0.84
Slide 33: NEB Cross Section 1175060N
NEB Cross Section 1175060N BNEDD0118 and BNEDD0162 available for viewing For personal use only Hole No. From Interval g/t Au Gm BNEDD0118 216 48 5.26 252 287 1 0.59 1 304 4 1.08 4 328 2 0.63 1 333 1 1.21 1 348.95 1.2 0.58 1 370 2 0.58 1 377 1 0.71 1 BNEDD0162 34 1 0.99 1 43.5 9.5 1.11 11 57 1.5 1.03
Slide 34: NEB upside potential
NEB upside potential Excellent potential for Mineral Resource expansion For personal use only Northern open pit area o Newly identified ENE striking fault between the two resource pit shells appears to offset mineralisation o Two shears north of the fault may be continuation of the main NEB minerali
Slide 35: BC – 331Koz only 3km west of NEB
BC – 331Koz only 3km west of NEB Open in all directions and at depth For personal use only Bankan Creek Drill Plan o Open in all directions and at depth o 3km from NEB o Lightly explored o Significant potential for Resource growth o 7 DD hole drill program completed in late 2022. Assaying incomplete
Slide 36: Near-deposit potential
Near-deposit potential Early work highlights multi-deposit potential within 5km of NEB For personal use only 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 polaris
Slide 37: Regional Exploration
For personal use only Seeking to prove up the full potential of the Bankan permits Regional Exploration Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 36
Slide 38: Regional potential
Regional potential 35km-long gold super-structure with significant exploration upside For personal use only o Significant exploration upside exists o Bankan sits atop a basin-margin gold bearing super-structure o Three main areas of interest along that structure: • Bankan intrusive complex • Saman i
Slide 39: Argo targets
Argo targets Multiple highly prospective targets For personal use only o Intrusive complex and a variety of rock types (felsic/intermediate intrusives, metavolcanics, metasediments) o Favorable structural position: crosscutting of the NS NEB trend with NE-SW trends o Gold fertility proved by 2022 au
Slide 40: Argo targets: AG1, AG3 and AG4
Argo targets AG1, AG3 and AG4 targets For personal use only o 2021 auger program delineated a 3.5km long NE oriented anomalous trend from AG1 to AG3 o Complex multi-element association (Au-As-Mo-Bi) in the western part (AG1) adjacent to a mafic unit o First pass AC drilling (2022) focused on NS stru
Slide 41: Argo targets: AG2
Argo targets AG2 target For personal use only o Prospective contact along a highly magnetic unit crosscut by NS regional structure and a dolerite dyke along Birimian structure o Important artisanal mining site at the intersection of these trends, in a granodiorite intrusive o First pass AC drilling
Slide 42: Argo exploration program
Argo exploration program 2023 program to include induced polarisation (“IP”) and gravity surveys, followed by AG/AC/RC drilling For personal use only o 150 line km of gradient array IP (“GAIP”) along the major trends and contacts (in progress), with pole- dipole IP (“P-DIP”) follow up on best anomal
Slide 43: Airborne magnetics reprocessing
ARGO Depletion Airborne magnetics reprocessing Zone Further evaluation of airborne magnetics data has For personal use only 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
Slide 44: NEB IP results recap
NEB IP results recap Following successful program at NEB, geophysics surveys (particularly IP) will be critical for regional exploration For personal use only o Comprehensive petrophysics and ground geophysics program completed at NEB in 2022 o Ground geophysics techniques included GAIP, P-DIP, magn
Slide 45: Saman targets
Saman targets Additional prospective targets located 5km north-east of NEB For personal use only o Saman intrusive complex currently interpreted as mafic intrusives and volcanics o Located 5km north-east of NEB and 7km west of Hummingbird’s Kouroussa Gold Mine o First pass AG grid on targets SA3, SA
Slide 46: Nonta
Nonta Prospective permit located north-west of the Bankan permits For personal use only o Located close to the Siguiri basin edge 50km north-west of NEB o Very important artisanal mining site active since 2014 o NT1 prospect: 1km long NW-SE structure with grab samples in saprolite returning values u
Slide 47: Regional targets ranking
Regional targets ranking For personal use only Low Medium High Very High Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 46
Slide 48: Regional targets
Regional targets For personal use only AG2 AG1 AG3 Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 47
Slide 49: Scoping Study Update
For personal use only Seeking to prove up the full potential of the Bankan permits Scoping Study Update Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 48
Slide 50: Scoping Study activities & timeline
Scoping Study activities & timeline Initial progress in key areas. Further infill drilling / resource upgrade and ESG studies critical path for completion For personal use only 2022 2023 Activity Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Resource infill drilling Resource extension drilling Resource/reserve update ESG
Slide 51: Conceptual project layout
Conceptual project layout Initial layout prepared to allow progression of ESG studies, and will be refined as the Scoping Study concludes For personal use only o Pit design based on resource pit shells – subject to optimisation from further drilling and the Scoping Study o Conceptual decline design
Slide 52: Straightforward and simple metallurgy
Straightforward and simple metallurgy For personal use only o Initial metallurgical test work completed on the high-grade zone in the lower area of the current pit shell with an average recovery of 92.8% o Two sample streams tested: • Gravity concentrated then selected random sample tails leached. A
Slide 53: Conceptual processing flowsheet
Conceptual processing flowsheet Conventional CIL processing with gravity circuit For personal use only o Conceptual processing flow sheet shown primary coarse ore crusher stockpile o Single stage crushing to a SAG mill and ball mill o Alternatives for future consideration: SAG ball mill gravity • Th
Slide 54: Conceptual project layout
Conceptual project layout For personal use only ROM pad Offices, primary workshops, etc crusher ball mill leaching & gravity absorption circuit reagents coarse ore SAG mill stockpile tailings gold room thickener & detox water tailings infrastructure filters tailings stockpile Predictive Discovery |
Slide 55: Key Considerations
Key Considerations Various trade-offs and scenarios will be considered in the Scoping Study and beyond For personal use only Pit size Plant size Mine sequencing What is the optimal transition from Can the open pit be sequenced to What is the optimal plant size? open pit to underground? provide earli
Slide 56: PDI summary
PDI summary An exciting future as Bankan moves towards the development phase For personal use only o Exploration/development company with the Tier-1 Bankan Gold Project in Guinea 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 57: Appendix
For personal use only Appendix Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 56
Slide 58: Capital structure
Capital structure For personal use only 1,786M Technical partners Shares on issue A$32M Research Cash (at 31 December 2022) A$312M Brock Salier Ben Crooks Paul Howard Market cap (at 10 March 2023) Yuen Low Alex Topouzoglou Mike Millikan Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.
Slide 59: Bankan Project Mineral Resource
Bankan Project Mineral Resource For personal use only 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 NEB Underground Inferred
Slide 60: NEB Mineral Resource Estimate by Domain
Bankan Project Mineral Resource For personal use only 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) Laterite 0.5 1.9 1.00 62 - - - Low Grade 0.5 - - - 0.7 0.58 13 Medium G
Slide 61: NEB Open Pit Grade Tonnage Table
Bankan Project Mineral Resource For personal use only NEB Open Pit Grade Tonnage Table Indicated Inferred Total Cut-off (g/t Au) Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained (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 62: Material ASX Releases
Material ASX Releases For personal use only HIGH-GRADE INTERCEPT EXTENDS UNDERGROUND MINERALISATION, 21/2/2023 NE BANKAN GOLD MINERALISATION SUBSTANTIALLY EXTENDS AT DEPTH, 15/04/2021 45% OF NEB’S 3.85MOZ MINERAL RESOURCE UPGRADED TO INDICATED, 6/2/2023 NE BANKAN GROWS TO 300M WIDE. HIGH GRADE GOLD
Slide 63: For further information contact
For personal use only For further information contact BRAD MILNE Corporate Development Manager E: brad.milne@predictivediscovery.com BOBBY MORSE / GEORGE CLEARY Buchanan E: predictive@buchanan.uk.com T: +44 (0)20 7466 5000 ASX : PDI | www.predictivediscovery.com Predictive Discovery | West Africa’s