Predictive Discovery Limited · ASX:PDI
Predictive Discovery — RIU Sydney Resources Round-up Conference 2023
35 slides from Predictive Discovery's conference presentation, May 9, 2023
Slide 1: West Africa's Next Tier-1 Gold Mine
For personal use only West Africa’s Next RIU Sydney Resources Tier-1 Gold Mine Round-up Conference May 2023 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, For personal use only including matters relating
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 4.2Moz resource at NEB o Potential for additional o The right Management For personal use o
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 Chairman Managing Director Non-Executive Director Non-Executive Director • 25 years’ experience in the • Geologist with extensive • 20+ years’ experience • 2
Slide 5: Capital structure
Capital structure 1,792M Technical partners For personal use only Shares on issue A$19M Research Major shareholders Cash (at 31 March 2023) A$322M Brock Salier Ben Crooks (11.6%) (9.8%) Market cap (at 5 May 2023) Various North American resource and gold focused funds Paul Howard Mike Millikan (3-5%)
Slide 6: Bankan Gold Project
Company highlights All the ingredients for a Tier-1 gold mine For personal use only 4.2Moz at 1.69g/t Au Bankan Gold Project Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 6
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% • State
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 (6.4Moz gold r
Slide 9: Introduction to Bankan
Introduction to Bankan West Africa’s next Tier-1 gold deposit 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 deposits1 For personal use only • NEB: 3.85Moz @ 1.72g/t (Ind & Inf) • BC: 0.33Moz @
Slide 10: Upper Niger National Park
Upper Niger National Park Understanding our critical context NEB and BC deposits located in Buffer Zone 2 of the Upper Niger National Park (Parc Nationale Haut Niger – “PNHN”), 18-21km away from the Core Conservation Area PDI’s strategy and activities: For personal use only o Engaging with the Guine
Slide 11: Landscapes within the PNHN
Landscapes within the PNHN The mix and quality of land varies greatly within the different zones Mix of natural and modified habitats across project area – much of natural habitat significantly disturbed by anthropogenic activities including subsistence agriculture, slash-and-burn, exploration clear
Slide 12: NEB Mineral Resource Deposit Classification
NEB Mineral Resource 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 NEB Open Pit Inferred 0.5 24.7 2.23 1,768 Total 67.4 1.62 3,515 o 4.2Moz across NEB (3.85Moz) and BC (331Koz) NEB
Slide 13: BC – 331Koz only 3km west of NEB
BC – 331Koz only 3km west of NEB Open in all directions and at depth Bankan Creek Drill Plan o 3km from NEB For personal use only o Lightly explored, with significant potential for Resource growth o Re-logging and geological re-interpretation recently completed o Assays pending from 7 DD hole drill
Slide 14: 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 For personal use only o Two sample streams tested
Slide 15: 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 15
Slide 16: 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 For personal use only mineralisation in the NEB & BC region o Target areas confirmed by recent geophysics program – excellent induced polari
Slide 17: Regional potential
Regional potential 35km-long gold super-structure with significant exploration upside o Exploration team strengthened in late 2022 to drive regional programs o Significant exploration upside exists For personal use only o Bankan sits atop a basin-margin gold bearing super-structure o Three main area
Slide 18: Argo exploration program
Argo exploration program 2023 program to include induced polarisation (“IP”) and gravity surveys, followed by AC/RC drilling o 182 line km of gradient array IP (“GAIP”) along the major trends and contacts, followed up with pole- dipole IP (“P-DIP”) on best anomalies For personal use only o Regional
Slide 19: Airborne magnetics reprocessing
ARGO Depletion Airborne magnetics 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
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 4.2Moz Resource at NEB and BC to-date, with significant upside. 50% of NEB Open Pit Resource converted to Indicated o S
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: 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 For personal use only NEB extension drilling BC extension/infill drilling Resource update Regional
Slide 23: 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 24: 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 25: 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 26: 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 27: 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 27
Slide 28: Bankan Project Mineral Resource
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 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 For personal use only NEB Underground Inferred
Slide 29: 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) Laterite 0.5 1.9 1.00 62 - - - Low Grade 0.5 - - - 0.7 0.58 13 Medium G
Slide 30: NEB Open Pit Grade Tonnage Table
Bankan Project Mineral Resource NEB Open Pit Grade Tonnage Table Indicated Inferred Total Cut-off (g/t Au) Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained For personal use only (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 31: NEB Cross Section 1174820N
NEB Cross Section 1174820N 12.85m @ 6.02g/t intersected outside the current Underground Mineral Resource For personal use only Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 31
Slide 32: NEB Cross Section 1174900N
NEB Cross Section 1174900N Excellent grades from new holes in the bottom half of the pit, where the Mineral Resource is Inferred (32m @ 5.92g/t) For personal use only Predictive Discovery | West Africa’s next Tier-1 Gold Mine www.predictivediscovery.com 32
Slide 33: 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 34: Material ASX Releases
Material ASX Releases RC DRILLING UNDERWAY AT NEAR-RESOURCE TARGETS, 6/4/2023 BANKAN AEROMAG MANY NEW DRILL TARGETS ALONG 35KM STRUCTURE, 28/04/2021 INFILL DRILLING RESULTS, 4/4/2023 NE BANKAN GOLD MINERALISATION SUBSTANTIALLY EXTENDS AT DEPTH, 15/04/2021 HIGH-GRADE INTERCEPT EXTENDS UNDERGROUND MIN
Slide 35: 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 CLEARY Buchanan E: predictive@buchanan.uk.com T: +44 (0)20 7466 5000 ASX : PDI | www
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