Slide 1: West Africa's Next Tier-1 Gold Mine
For personal use only West Africa’s Next BMO Conference Tier-1 Gold Mine Presentation February 2024 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 For personal use
Slide 4: Corporate overview
Corporate overview Technical and ESG partners 2,076M For personal use only Shares on issue A$26M Research Major shareholders Cash (at 31 December 2023) Australia UK A$374M Ben Crooks Mike Millikan Justin Chan (13.8%) (9.8%) Market cap (at 23 February 2024) Raj Ray Other institutional Paul Howard sha
Slide 5: Bankan Gold Project
Company highlights All the ingredients for a Tier-1 gold mine For personal use only 5.38Moz at 1.66g/t Au Bankan Gold Project Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 5
Slide 6: 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 the NEB and BC deposits1 For personal use only Cut-off
Slide 7: 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 8: 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: For personal use only • AngloGold Ashanti’s Siguiri Gold Mine (9.2Moz gold r
Slide 9: 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, For personal use only especially in
Slide 10: 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 11: 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 12: 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 orogenic BC Total 12.2 1.24 487 gold deposit Refer to notes
Slide 13: 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: For personal use onl
Slide 14: Near-Resource & Regional Exploration
Company highlights All the ingredients for a Tier-1 gold mine For personal use only 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 14
Slide 15: Near-resource growth
Near-resource growth Early work highlights multi-deposit potential within 5km of NEB o Targets defined from shallow drilling (auger & aircore) and geophysics surveys For personal use only o Drilling programs (RC and limited DD) are ongoing o Aiming to deliver additional resource ounces in close prox
Slide 16: Regional growth
Regional growth Significant exploration upside along 35km major structural trend o Exploration team strengthened in late 2022 to drive increased focus on regional exploration in 2023 and beyond For personal use only o Bankan sits atop a basin-margin gold bearing super-structure o Three main areas of
Slide 17: Argo drilling results
Argo drilling results Promising results from multiple target areas o Multiple specific target areas plus 22.5 line kms of anomalous auger trends to be tested o Initial 49-hole RC drilling program completed. Follow-up RC and For personal use only aircore drilling ongoing. First pass diamond drilling
Slide 18: Fouwagbe-Sinkoumba targets
Fouwagbe-Sinkoumba targets Excellent initial results at a 600m multi-element auger anomaly at Fouwagbe, and at Sinkoumba to the south-west on the same trend For personal use only Predictive Discovery | West Africa’s next Tier-1 Gold Mine Refer to ASX releases dated 29 August 2023, 24 October 2023, 1
Slide 19: Sounsoun target
Sounsoun target 1.8km auger anomaly with multiple positive intercepts across the 700m of strike tested so far For personal use only Predictive Discovery | West Africa’s next Tier-1 Gold Mine Refer to ASX releases dated 29 August 2023, 24 October 2023, 11 December 2023 and 1 February 2024 www.predict
Slide 20: 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 For personal use only o 5.4Moz Resource at NEB and BC, with upside. 77% of the Resource in the Indicated category o Fully funded PFS and ESIA t
Slide 21: Appendix
Company highlights All the ingredients for a Tier-1 gold mine For personal use only Appendix Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 21
Slide 22: 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 23: Indicative activities & timeline
Indicative activities & timeline Driving towards ESIA & PFS completion in Q1 2024 and permitting in mid-2024 2022 2023 2024 2025 2026 Activity H2 H1 H2 H1 H2 H1 H2 H1 H2 NEB drilling For personal use only BC drilling Near-resource drilling Resource update Regional geophysics Regional drilling ESG st
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 For personal use only o ERM appointed as lead ESIA consultant and with specialist consultants INSUCO (social), and BIOTOPE & Gu
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) For personal use only • Extended biophysical and social study a
Slide 27: Community relations
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 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 For personal use only 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 For personal use only NEB Underground
Slide 30: 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 For personal use only 5 0.4
Slide 31: 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 For personal use only 0.9 5 4.89 0.8 0.90 Mine
Slide 32: 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 For personal use only 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
Slide 33: NEB Mineral Resource Estimate by Domain
Bankan Project Mineral Resource NEB Mineral Resource Estimate by Domain Indicated Inferred Cut-off Domain Tonnes Grade Contained Tonnes Grade Contained (g/t Au) For personal use only (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
Slide 34: BC Mineral Resource Estimate by Domain
Bankan Project Mineral Resource BC Mineral Resource Estimate by Domain Indicated Inferred Cut-off Domain Tonnes Grade Contained Tonnes Grade Contained (g/t Au) For personal use only (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
Slide 35: Open Pit Grade Tonnage Tables
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) For personal use only 0 110.5 1.17 4,163 0 16.0 1.01 520 0.1 106.4 1.21 4,155
Slide 36: Conceptual project layout
Conceptual project layout Initial layout prepared to allow progression of ESG studies, and will be refined as the PFS concludes o Pit design based on resource pit shells – subject to optimisation during the PFS o Conceptual decline design for underground ore access For personal use only o Plant site
Slide 37: 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 For personal use only o Figures show the C
Slide 38: 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 39: Material ASX releases
Material ASX releases SOUNSOUN, SB AND SEB TARGETS ADVANCED BY LATEST DRILLING, 1/02/2024 BANKAN PROJECT GROWS WITH NEW GOLD DISCOVERIES, 16/12/2021 DIAMOND DRILLING UNDERWAY AT BANKAN GOLD PROJECT, 17/12/2020 DRILLING AT BANKAN DELIVERS MORE POSITIVE RESULTS, 11/12/2023 PREDICTIVE INTERSECTS 34M @
Slide 40: For further information contact
Company highlights All the ingredients for a Tier-1 gold mine For personal use only 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.p