Predictive Discovery : INTERSECTS 34M @ 5.5 G/T AU AT NE BANKAN

09 December 2021

PREDICTIVE INTERSECTS 34M @ 5.5 G/T AU AT NE BANKAN

Predictive Discovery Limited ("Predictive" or "Company") is pleased to announce new results from exploration drilling at its Bankan Gold Project, located in Guinea.

HIGHLIGHTS
only	• High-grade results from depth at NE Bankan include:
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•	BNERD0102:	34m	@ 5.5g/t Au from 441m, incl.
		2m @ 15.5g/t Au from 453m, and
		13m	@ 9.6g/t Au from 460m
•	BNERD00101:	21m	@ 2.9g/t Au from 574m, incl.
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		1m @ 11g/t Au from 588m, and
		13m	@ 4.6g/t Au from 601m, incl.
		7.3m @ 7.0g/t Au from 606m

• Two deep Diamond Drillholes (DD) intersected zones of high-grade gold mineralisation below the US$1,800/oz resource pit shell (Figures 1-4).

• Two drill rigs are currently on-site double shift drilling at NE Bankan, targeting extensions to the high-grade gold zone at depth.

• Regional power auger and aircore target definition programs are ongoing across the Bankan Project, with three rigs testing structural targets identified by the aeromagnetic survey completed earlier this year.

• Predictive is well funded to complete all work programs with $20m1 in cash.

ForCommenting on the results, Managing Director, Paul Roberts, said:

"Deep drilling at NE Bankan continues to extend the high-grade zone to depths of more than 500m below surface and remains wide open at depth. BNERD0102 intersected the target high-grade gold mineralised zone containing an impressive 34m @ 5.5g/t Au including 13m @ 9.6g/t Au providing further confirmation that the high-grade zone is at least 150m long below the limits of the US$1,800/oz resource pit shell.

BNERD0101, the deepest hole drilled so far, intercepted the southern limit of the high-grade zone, having deviated south from its target position and included 13m @ 4.6g/t Au from 601m.

Assays are pending for a further three deep drill holes, two of which are currently in progress."

1 As at 8 December 2021

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09 December 2021

Figure 1 - NE Bankan N-S Longitudinal Projection showing new drill results (red). Contours are interpreted based on aggregate true width gold gram metres (g*m) calculated using >0.5g/t Au cutoff. Results shown in the form 74/4.5 reflect 74m (aggregate true width) at 4.5 g/t Au (length weighted average Au), with gram metres in brackets (aggregate true width x length weighted average Au). The red central hashed area approximates the plus-3g/t Au high-grade gold mineralised zone as modelled for the MRE.

Figure 2 - NE Bankan drill plan showing new, previous and pending diamond drill holes.

09 December 2021

onlyuse personalForNE Bankan Prospect Drilling (Detailed)

Deep drilling at NE Bankan is ongoing and is aimed at extending the high-grade gold zone at depth below the US$1,800/oz optimised pit shell containing the maiden Resource Estimate (ASX announcement, 30 September 2021). Currently 2 multipurpose rigs are on site drilling deep diamond drill holes.

Recent drilling has demonstrated that the high-grade zone, located beneath the hangingwall shear zone, where it separates mafic volcanics (above) from felsic intrusives (below), is still open at depth. The deepest drill hole so far, BNERD0101, returned 13m @ 4.6g/t Au from 601m including 7m @ 7.0g/t Au from 606m. While this was somewhat thinner than observed in the central part of the high-grade zone, significant hole

deviation to the south placed the intercept close to the southern limit of the high-grade zone on the next onlysection to the south, where this hole is a significant improvement on BNERD0100, approximately 100m up-

dip from it (Figure 4).

BNERD0102, a shallower step out hole designed to better define the high-grade zone below the US$1,800/oz optimised pit shell, obtained an impressive 34m @ 5.5g/t Au from 441m including 13m @ 9.6g/t Au from 460m. This intercept is located well away from the mafic-felsic contact (Figure 3) and has very good widths and grades on both sides of the hangingwall shear zone, suggesting a variation to the geological model as the high-grade zone extends to depth. Drilling more holes in areas of similar geology near the northern margin of the high-grade zone is planned.

useVariable hole deviation in recent deeper drill holes has meant that several holes have intersected the hangingwall shear south of or up-dip from the planned target positions. The Company is currently working with drill contractor, Capital Drilling, to implement several methods to limit deviation in the increasingly long diamond drill holes. Some specialised equipment remains on order and is expected on site in coming weeks.

Detailed results and a complete explanation of the methods followed in drilling and assaying the reported personalholes can be found in Tables 1 and 2.

NEXT STEPS

Diamond drilling is continuing with two multipurpose drill rigs currently in operation. At present, both rigs are drilling holes to depths of 500-650m below surface, to explore for deeper extensions of the high-grade gold zone.

After a longer than expected normal rainy season, the Company restarted the power auger program in November, testing structural target areas interpreted from the aeromagnetic survey both in the southeastern part of the permit area and in the area directly east of NE Bankan.

Diamond and aircore drilling will be suspended for an end of year break on 18 December with crews returning to site in early January, enabling most staff to take some well-deserved time off with their families after a year of intense activity. One auger rig will continue drilling through the Christmas period, manned by Kouroussa-based staff.

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09 December 2021

Figure 3 - Section 1175060N (+ 20mN / -50mS) showing projected BNERD0102 trace collared from 1175100N as the hole deviated 90m to the south.