Slide 1: Developing Bankan - Africa Down Under Presentation
For personal use only Developing Bankan Africa Down Under Presentation One of Africa’s Largest Gold Projects September 2025 ASX:PDI Predictive Discovery | West Africa’s Next Tier-1 Gold Mine www.predictivediscovery.com 1
Slide 2: Forward Looking Statements, Disclaimer and Compliance
Forward Looking Statements, Disclaimer and Compliance Forward Looking Statements and Important Notice This presentation contains certain forecasts, projections and forward-looking statements. Forward-looking statements may generally be identified by the use of forward-looking terminology, including,
Slide 3: PDI Highlights
PDI Highlights Rapidly advancing the large-scale Bankan Gold Project in Guinea towards development One of Africa’s largest and most advanced gold ~5.5Moz Mineral Resource, including ~3Moz Ore Reserve development projects. ~250kozpa over >12 years with significant exploration upside(1) For personal u
Slide 4: Corporate Overview
Corporate Overview Backed to build the Bankan Gold Project Major Institutional & Strategic Shareholders Capitalisation(1) Ordinary Shares Outstanding 2,622m Unlisted Options 113m For personal use only Fully-Diluted Shares Outstanding 2,735m Share Price (2-Sep-25) A$0.475 Undiluted Market Capitalisat
Slide 5: Experienced Board and Management
Experienced Board and Management Extensive mining and development experience across Africa, including in Guinea Board For personal use only Simon Jackson Andrew Pardey Sandra Bates Alberto Lavandeira Steven Michael Non-Exec Chair Managing Director Exec Director, Legal & ESG Non-Exec Director Non-Exe
Slide 6: About Guinea
About Guinea Attracting major global investments for its established and growing mining industry o Strong mining industry and culture • Global leader in bauxite (127Mt exported in 2023) For personal use only • Established gold industry (2Moz annual production) • Home to the Simandou Iron Ore Project
Slide 7: Bankan Project Overview
For personal use only Bankan Large-scale, Project Overview long-life project with outstanding economics Predictive Discovery | West Africa’s Next Tier-1 Gold Mine www.predictivediscovery.com 7
Slide 8: Bankan DFS Highlights
Bankan DFS Highlights Large-scale, long-life gold development project with compelling economics and strong leverage to the current gold price environment SIGNIFICANT RESERVES & RESOURCES For personal use only COMPETITIVE CAPEX & OPEX(1) 2.95Moz ore reserve US$463m pre-production capex (51.6Mt @ 1.78
Slide 9: Mining Overview
Mining Overview Open pit and underground operation producing ~250koz per annum over 12.2 years NEB Open Pit o Conventional mine designs and mining approach NEB and GBE Deposits Ore Reserves 1,738koz @ 1.36g/t GBE Ore Reserves • Open pit: multiple pit stages with low LOM strip ratio of 1.9:1; 13koz @
Slide 10: Processing Overview
Processing Overview Simple metallurgy and processing to achieve high recoveries o 4.5Mtpa conventional gold processing plant designed by DRA For personal use only o Separate primary crushing circuits for fresh ore (jaw crusher) and weathered ore (mineral sizer) o SABC grinding circuit comprising SAG
Slide 11: Production Schedule and Cash Flows
Production Schedule and Cash Flows Robust production and AISC profiles deliver strong cash flow generation and attractive leverage to higher gold prices Production Gold Produced (koz) All-in Sustaining Costs (US$/oz) 400 1,600 ~250koz For personal use only 350 1,400 300 1,203 1,293 1,214 1,219 1,269
Slide 12: Committed to Sustainable Development and Local Content
Committed to Sustainable Development and Local Content Environmental o Comprehensive Environmental & Social Impact Assessment (ESIA) completed to international standards and local regulations o ESIA approved and Environmental Compliance Certificate issued in January 2025, confirming the MEDD’s suppo
Slide 13: Project Implementation Schedule
Project Implementation Schedule Driving towards final investment decision in early 2026, enabling first production by Q2 2028 2025 2026 2027 2028 Activity H1 H2 H1 H2 H1 H2 H1 H2 DFS Exploitation Permit For personal use only Financing Final Investment Decision Execution Readiness Early Works Enginee
Slide 14: Significant Exploration Upside
Significant Exploration Upside 35km of Siguiri Basin margin; positive results at multiple exploration targets in the NEB area and at Argo1 For personal use only Predictive Discovery | West Africa’s Next Tier-1 Gold Mine Note: Results from various ASX releases. Refer to “Material ASX releases” slide
Slide 15: Investment Highlights
Investment Highlights Strong re-rate potential as Bankan moves through its development cycle ~3Moz Ore Reserve; ~250kozpa average production over >12 years. Bankan scale One of Africa’s largest and most advanced gold development projects For personal use only Outstanding Post-tax NPV5% of US$1.6bn a
Slide 16: For further information contact
For personal use only For further information contact BRAD MILNE Corporate Development Manager E: brad.milne@predictivediscovery.com BOBBY MORSE / LOUISE MASON-RUTHERFORD / GEORGE POPE Burson Buchanan E: predictive@buchanancomms.co.uk T: +44 (0)20 7466 5000 SAM MACPHERSON VECTOR Advisors E: smacpher
Slide 17: Appendix
For personal use only Appendix Predictive Discovery | West Africa’s Next Tier-1 Gold Mine www.predictivediscovery.com 17
Slide 18: DFS Production and Financial Metrics
DFS Production and Financial Metrics Units Number Mine Life years 12.2 ~250Kozpa production confirms Bankan as one of Africa’s largest and most advanced gold developments Production Metrics Ore Mined / Processed Mt 54.5 For personal use only Processing Rate Mtpa 4.5 LOM Avg. Processing Recovery % 92
Slide 19: Operating & Capital Cost Breakdowns
Operating & Capital Cost Breakdowns Low all-in sustaining costs and competitive capital costs, developed to a target accuracy of ±15% DFS Operating Cost Breakdown DFS Capital Cost Breakdown LOM Cost Unit Cost Unit Cost Area Area Cost (US$m) For personal use only (US$m) (US$) (US$/oz) Open Pit Mining
Slide 20: Production and Capex Benchmarking
Production and Capex Benchmarking Bankan has one of the highest annual production rates and lowest capital intensities of advanced African gold development projects(1) Top-tier African Gold Projects – Production (kozpa Au)(2) 265 249 240 223 Median: 170 For personal use only 183 172 167 167 162 162
Slide 21: Mine Schedule
Mine Schedule Robust mine plan with multiple ore sources and stages, de-risking operations and facilitating blending of material types for processing Ore Mined Ore Mined (Mt) and Grade (g/t Au) Grade (g/t Au) 6 5.5 5 4.8 5.2 4.7 4.7 4.9 4.9 4.8 54.5Mt 4.6 4.6 For personal use only 5 4.5 4 Total 4 3.
Slide 22: Production Profile
Production Profile Large-scale and long-life operation with average production of ~250koz per annum over 12.2 years Processing Ore Processed (Mt) Grade (g/t) 6 3.5 5 3.0 4.5Mtpa 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.2 Conventional CIL For personal use only 2.5 4 2.3 2.2 Process Plant 1.9 2.0
Slide 23: Financial Metrics
Financial Metrics Highly competitive AISC of US$1,057/oz and strong free cash flow generation of >US$250mpa1 at US$2,400/oz, increasing to >US$400mpa1 at US$3,300/oz All-in Sustaining Costs (US$m) (US$/oz) 500 1,500 US$841/oz For personal use only 1,293 1,269 400 1,203 1,214 1,219 1,209 1,200 1,094
Slide 24: DFS Sensitivities
DFS Sensitivities1 DFS economics are robust to changes in key assumptions and strongly leveraged to the current gold price NPV5% Sensitivities (US$m) Additional Gold Price Sensitivities Base case: 1,637 Base case: 1,637 Spot case: 2,893 Commodity Price 1,302 1,972 1,079 -10% to 10% 1,777 Ore Grade N
Slide 25: DFS Project Reviews and Optimisations
DFS Project Reviews and Optimisations NEB Wall Design Parameters Extensive reviews and optimisations during the DFS have delivered a robust and de-risked development case o Detailed review of geotechnical assumptions, additional drilling and testwork resulted in materially steeper walls angles • NEB
Slide 26: DFS Site Layout
DFS Site Layout For personal use only Predictive Discovery | West Africa’s Next Tier-1 Gold Mine www.predictivediscovery.com 26
Slide 27: Mine Schedule (Year -2 to Year 8)
Mine Schedule (Year -2 to Year 8) An online interactive 3D model of the Bankan Gold Project is available for viewing at the following link: https://inventum3d.com/c/predictivediscovery/bankan For personal use only NEB & GBE: Y-2 NEB & GBE: Y-1 NEB & GBE: Y1 NEB & GBE: Y2 NEB & GBE: Y3 NEB & GBE: Y4
Slide 28: Mine Schedule (Year 9 to Year 11)
Mine Schedule (Year 9 to Year 11) An online interactive 3D model of the Bankan Gold Project is available for viewing at the following link: https://inventum3d.com/c/predictivediscovery/bankan For personal use only NEB & GBE: Y9 NEB & GBE: Y10 NEB & GBE: Y11 BC: Y9 BC: Y10 BC: Y11 Predictive Discover
Slide 29: Bankan Ore Reserves & Mineral Resources Overview
Bankan Ore Reserves & Mineral Resources Overview JORC Ore Reserve JORC Mineral Resource Mining Cut-off Tonnes Grade Contained Cut-off Tonnes Grade Contained Deposit Classification Deposit Classification Method (g/t Au) (Mt) (g/t Au) (koz Au) (g/t Au) (Mt) (g/t Au) (koz Au) For personal use only Open
Slide 30: Resource Base Benchmarking
Resource Base Benchmarking Bankan ranks as a top-tier gold asset globally, and one of the best gold development projects in Africa from a grade and resource perspective Select Global Top-tier Gold Mines & Projects – Mineral Resource (Moz Au) & Gold Grade (g/t Au) 6 High grade; Small High grade; Larg
Slide 31: NEB Deposit Overview
NEB Deposit Overview Large-scale orebody with excellent consistency Mining Method Classification Cut-off (g/t Au) Tonnes (Mt) Grade (g/t Au) Contained (koz Au) Open Pit Probable 0.38-0.48 40.2 1.36 1,751 Underground Probable 2.0 7.9 3.95 1,002 o Large open pit resource (3.99Moz @ 1.53g/t) and high-g
Slide 32: BC Deposit Overview
BC Deposit Overview 487Koz only 3km west of NEB Mining Method Classification Cut-off (g/t Au) Tonnes (Mt) Grade (g/t Au) Contained (Koz Au) Open Pit Probable 0.38-0.48 3.5 1.78 200 Total BC Ore Reserves 3.5 1.78 200 o Open pit resource of 487koz @ 1.24g/t within an orogenic Open Pit Indicated 0.4 5.
Slide 33: Fouwagbe/Sounsoun Deposit Overviews
Fouwagbe/Sounsoun Deposit Overviews Initial Mineral Resource estimates for the Argo area highlight potential for additional deposits to be defined at Bankan Cut-off Tonnes Grade Contained Deposit Classification (g/t Au) (Mt) (g/t Au) (koz Au) Fouwagbe Inferred 0.5 2.2 1.68 119 Sounsoun Inferred 0.5
Slide 34: Regional Upside – Argo
Regional Upside – Argo Promising results from multiple target areas E o Multiple specific target areas plus 23 line kms of anomalous auger trends to be tested D o 153Koz maiden Mineral Resource for Fouwagbe and Sounsoun Mineralisation in a series of SW plunging shoots within a deep For personal use
Slide 35: Regional Upside – Bokoro South Targets
Regional Upside – Bokoro South Targets Regional exploration extending south onto the Bokoro permit, with promising initial results o Extensive auger drilling and first pass aircore program completed to test structural and geophysical targets o Further auger and aircore drilling planned following wet
Slide 36: Near-Resource Exploration Upside
Near-Resource Exploration Upside Potential for multiple satellite deposits within 5km of NEB o Targets defined from shallow drilling and geophysics surveys For personal use only o Positive results from multiple targets confirms extent of gold mineralisation in the NEB and BC area o Potential for mul
Slide 37: African Experience
African Experience Tasiast (Gold), Mauritania Board & management has extensive experience in African gold projects Sukari (Gold), Egypt Yatela (Gold), Mali Block 14 (Gold), Sudan For personal use only Sadiola (Gold), Mali GAC (Bauxite), Essakane (Gold), Burkina Faso Guinea CBG (Bauxite), Guinea Youg
Slide 38: Sources for Production and Capex Benchmarking
Sources for Production and Capex Benchmarking Asset Owner Asset Stage Production (Koz) Initial Capex (US$m) Source https://edv-14806-s3.s3.eu-west-2.amazonaws.com/files/5217/3387/4779/241211_-_NR_- Assafou Endeavour PFS 265 $734 _Assafou_PFS.pdf https://s203.q4cdn.com/846800919/files/doc_downloads/P
Slide 39: Sources for Resource Base Benchmarking
Sources for Resource Base Benchmarking Measured Indicated Inferred Total Total Contained Contained Contained Contained Resource Asset Owner Asset Stage Tonnage Tonnage Tonnage Source Grade (g/t) Gold Grade (g/t) Gold Grade (g/t) Gold Gold Grade (Mt) (Mt) (Mt) (Moz) (g/t) (Moz) (Moz) (Moz) https://sn
Slide 40: Sources for Resource Base Benchmarking (Cont'd)
Sources for Resource Base Benchmarking (Cont’d) Measured Indicated Inferred Total Total Contained Contained Contained Contained Resource Asset Owner Asset Stage Tonnage Tonnage Tonnage Source Grade (g/t) Gold Grade (g/t) Gold Grade (g/t) Gold Gold Grade (Mt) (Mt) (Mt) (Moz) (g/t) (Moz) (Moz) (Moz) O
Slide 41: Sources for Resource Base Benchmarking (Cont'd)
Sources for Resource Base Benchmarking (Cont’d) Measured Indicated Inferred Total Total Contained Contained Contained Contained Resource Asset Owner Asset Stage Tonnage Tonnage Tonnage Source Grade (g/t) Gold Grade (g/t) Gold Grade (g/t) Gold Gold Grade (Mt) (Mt) (Mt) (Moz) (g/t) (Moz) (Moz) (Moz) h
Slide 42: Sources for Resource Base Benchmarking (Cont'd)
Sources for Resource Base Benchmarking (Cont’d) Measured Indicated Inferred Total Total Contained Contained Contained Contained Resource Asset Owner Asset Stage Tonnage Tonnage Tonnage Source Grade (g/t) Gold Grade (g/t) Gold Grade (g/t) Gold Gold Grade (Mt) (Mt) (Mt) (Moz) (g/t) (Moz) (Moz) (Moz) S
Slide 43: Sources for Resource Base Benchmarking (Cont'd)
Sources for Resource Base Benchmarking (Cont’d) Measured Indicated Inferred Total Total Contained Contained Contained Contained Resource Asset Owner Asset Stage Tonnage Tonnage Tonnage Source Grade (g/t) Gold Grade (g/t) Gold Grade (g/t) Gold Gold Grade (Mt) (Mt) (Mt) (Moz) (g/t) (Moz) (Moz) (Moz) h
Slide 44: Sources for Resource Base Benchmarking (Cont'd)
Sources for Resource Base Benchmarking (Cont’d) Measured Indicated Inferred Total Total Contained Contained Contained Contained Resource Asset Owner Asset Stage Tonnage Tonnage Tonnage Source Grade (g/t) Gold Grade (g/t) Gold Grade (g/t) Gold Gold Grade (Mt) (Mt) (Mt) (Moz) (g/t) (Moz) (Moz) (Moz) h
Slide 45: Material ASX Releases
Material ASX Releases SOUNSOUN SW TARGET AREA RCORDS ADDITIONAL STRONG INTERCEPTS, 23/04/2025 DEEPEST HOLE TO DATE INTERCEPTS GOLD 630M DOWN DIP, 15/06/2022 BANKAN GOLD PROJECT DRILLING ACCELERATED, 22/01/2021 ENCOURAGING DRILLING RESULTS AT FOUWAGBE AND SOUNSOUN, 24/02/2025 60,000M DRILL PROGRAM UN