Slide 1: West Africa's Next Tier-1 Gold Mine
West Africa’s Next Precious Metals Tier-1 Gold Mine Summit ASX:PDI September 2023
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 Chair Managing Director Non-Executive Director Non-Executive Director • 25 years’ experience in the • Geologist with extensive • 20+ years’ experience • 25+
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$403M Ben Crooks Mike Millikan Brock Salier (12.6%) (9.8%) Market cap (at 8 September 2023) Raj Ray Other institutional Paul Howard shareholders (~30%) Richard
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 major structural trend (Birimian/Archean contact) that is richly gold endowed o Mineral Resource of 5.38Moz @ 1.66g/t across two separate deposits1 • NEB: 4.89Moz @ 1.72g/t (Ind &
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% To expor
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: Sustainability focus
Sustainability focus Committed to the sustainable development of Bankan 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
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 Much of natural habitat in the project area has been significantly disturbed by anthropogenic activities including subsistence agriculture, slash-and-burn, exploration clearance and
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 Significant exploration upside along 35km major structural trend o Exploration team strengthened in late 2022 to drive regional programs o Bankan sits atop a basin-margin gold bearing super-structure o Three main areas of interest along that structure: • Bankan intrusive complex •
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 o Figures show the CMY magnetic domain ima
Slide 20: Initial Argo RC results
Initial Argo RC results Promising results from multiple target areas o Results received from first 23 holes (3,064m) of initial program of ~50 holes (~7,000m) o Best results from Fouwagbe, Sounsoun and Tindini • Fowagbe: 12m @ 6.75g/t at a multi-element auger anomaly. Further drilling to test depth
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 o 5.4Moz Resource at NEB and BC, with upside. 77% of the Resource in the Indicated category o Fully funded Scoping Study and ESIA to be complet
Slide 22: 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 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 NEB extension drilling BC extension/infill drilling Resource update Regional geophysics Regional dr
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 o ERM appointed as lead ESIA consultant and with specialist consultants INSUCO (social), and BIOTOPE & Guinea Ecologie (biodive
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) • Extended biophysical and social study area (orange outline) E
Slide 27: 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 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 Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 28
Slide 29: 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 30: NEB & BC Mineral Resource evolution
NEB & BC Mineral Resource evolution In two years since the maiden estimate, PDI has successfully increased and upgraded the Mineral Resources at both NEB and BC. The total Mineral Resource is now 5.38Moz, with 4.14Moz in Indicated (77% of the total) 6 1 0.9 5 4.89 0.8 0.90 Mineral Resource (Moz) Min
Slide 31: Bankan Mineral Resource evolution
Bankan Mineral Resource evolution In two years since the maiden estimate, PDI has added 1.73Moz (+47% increase) and upgraded 4.14Moz into Indicated (77% of the total Mineral Resource) 6 5.38 0.24 5 0.24 4.22 4.18 0.90 Mineral Resource (Moz) 4 0.33 0.33 0.09 3.65 0.04 0.34 0.33 3 1.77 2 3.84 3.90 3.3
Slide 32: 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 33: 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 34: 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 35: 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 36: Argo exploration update
Argo exploration update Positive recent auger results o Latest auger results complete the grid over Argo (selective infill auger drilling to continue) o Three subparallel north-east orientated auger trends highlighted o RC drill targets based on initial auger results have been confirmed o Sounsoun t
Slide 37: 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 38: Material ASX releases
Material ASX releases FURTHER SOLID DRILLING RESULTS FROM THE NEB & BC AREA, 12/9/2023 HIGH-GRADE GOLD ZONE EXTENDED BELOW RESOURCE PIT SHELL, 03/11/2021 EXPLORATION UPDATE - BANKAN-2 GOLD DRILLING UNDERWAY, 20/10/2020 ECNOURAGING INITIAL ARGO RC RESULTS, 29/8/2023 AC DRILLING IDENTIFIES NEW GOLD PR
Slide 39: 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