Predictive Discovery : Quarterly Activities/Appendix 5B Cash Flow Report

22 July 2022

	QUARTERLY ACTIVITIES REPORT FOR PERIOD
			ENDING 30 JUNE 2022
	Predictive Discovery Limited ("Predictive" or "Company") is pleased to provide an update on activities
onlyundertaken during the June 2022 Quarter.
	Highlights
use	• Raised $55m in an oversubscribed Placement for financing the Company's extensive exploration and
	resource definition programmes, accelerating the Environmental Impact Assessment and for various
			working capital purposes.
		• During the quarter 9 Diamond drill (DD) and 118 Reverse Cycle (RC) holes totalling 15,072 metres as
personal		part of a 60,000-meter drilling program expected to significantly increase and upgrade the inferred
	3.65Moz Bankan gold Resource1.
	exploration.
		•	Drilling continues to highlight Bankan as one of the most exciting gold projects globally with
			standout results including 41.5m @ 5.2g/t Au2 and 24m @ 5.5g/t Au3 intersected during the
			quarter.
		• Importantly, DD-holeBNERD0113 intersected 24m @ 5.5g/t Au ~630m down dip and 370m
			vertically below the bottom of the 2021 Maiden Resource Estimate.
		• In early June, a detailed 10m x 10m angled RC Grade Control Program commenced, investigating
			the shortrange variability on the mineralisation within the upper fresh and oxide expression of the
			high-grade shoot and NE Bankan.
		•	There are currently nine drilling rigs (4 x DD, 2 x RC, 1 x Air Core ("AC") - and 2 x Power Auger ("PA"))
			operating over the Bankan Project area, completing resource drilling, grade control and near-deposit
For	• Various geophysical surveys commenced in June including Ground magnetic surveys, Ground gravity

surveys and Gradient array induced polarisation in and around the Bankan gold resource - these results will be used as part of the program for exploring along the 35km Bankan trend.

• Predictive continued to strengthen its board and management teams with the appointments of Sandra Bates as an independent Non-Executive Director ("NED") and will oversee our ESG reporting, Pierre Louw (CFO), Marlyatou Balde (Country Manager), Andre Pieters (ESG Manager) and Chris Boreham (Project Feasibility Manager).

1ASX Announcement - 3.65-million-ounce Bankan maiden Mineral Resource Estimate (30 September 2021)

2ASX Announcement - 41.5m @ 5.2g/t au intersected at NE Bankan as key ESG studies now underway (27th April 2022)

3ASX Announcement - Deepest hole to date intercepts gold 630m down dip of 3.65Moz Resource pit shell (15 June 2022)

Predictive Discovery Limited

ABN 11 127 171 877

Suite 8, 110 Hay Street, Subiaco WA 6008

1. [phone]

ESG

only	•	Baseline environmental studies commenced, including stakeholder mapping and engagement,
	Protected Area Assessment, Critical Habitat Assessment and Dry & Wet season surveys.
•	Critical Resource, a globally significant environmental firm based in London, continued to to develop
	an 18-month best practice biodiversity management program. This work is also being assisted with
	input from Biotope and Insuco.

Corporate

use

• $55 million Placement announced in late May4, cornerstoned by a number of leading global institutional investors with the highest standards of ESG investment integration providing a strong endorsement of the Company's strategic ESG plan. The Placement was completed on 22nd July 2022.
• The Company announced the appointment of Sandra Bates as a Non-Executive Director, Sandra is an international lawyer and expert adviser with over 20 years' experience guiding management teams and boards through complex, cross-border, corporate transactions5.

Quarter to 30 September 2022 - Planned Activities

personal	• Deliver in early August an updated Resource Statement for the Bankan Gold Project, expected to
	scanning, acoustic, eDNA).
		expand the scale and quality of the resource.
	•	Continue the current 60,000-meter DD and RC drilling program, comprising 9 active drill rigs on site
		- three DD, two multipurpose DD/RC , one RC, one AC and two PAdrill rigs - all conducting various
		resource development and exploration programs across the Bankan Project.
	•	Complete baseline environmental studies, including stakeholder mapping and engagement
		(communities, government ministries, regulators, local interest groups, NGOs), Protected Area
		Assessment, Critical Habitat Assessment and Dry & Wet season surveys (cameras, aerial drone

The Bankan gold camp is situated in north-east Guinea in West Africa. The project is 550km by road from Guinea's capital Conakry within the region of Upper Guinea and is 10km west of the regional administrative centre of Kouroussa. The Bankan project area covers 356km2 in four exploration permits, Kaninko, Saman, Bokoro and Argo. Three permits are held by wholly owned subsidiaries of Predictive.

ForDuring the Quarter, 9 Diamond drill (DD) and 118 Reverse Cycle (RC) holes totalling 15,072 metres were completed at the 3.3Moz NE Bankan Deposit (Fig. 1-10) with the Company continuing its program of infill and extensional diamond drilling. Deeper drilling at NE Bankan has now defined a discrete zone of high- grade mineralisation which remains open at depth, plunging steeply to the south. There are currently 9 active drill rigs on site all conducting various resource development and exploration programs across the Bankan Project.

1. ASX Announcement - Predictive receives firm commitments for $55m placement (30th May 2022)
2. ASX Announcement - Appointment of Non-Executive Director (7th June 2022)

Page 2 of 12

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22 July 2022

Figure 1 - NE Bankan NS Longitudinal Projection showing Diamond Drill results completed during the June Quarter including the deepest hole completed to date.

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Figure 2 - NE Bankan drill plan showing DD/RC Drill holes completed during the June Quarter.

Page 4 of 12

22 July 2022

NE Bankan Drilling Program

onlyDuring the quarter diamond drilling at NE Bankan continued, designed to extend and infill the high-grade gold zone at depth below the US$1,800/oz optimised pit shell containing the maiden Resource Estimate.

Deep drilling at NE Bankan continues to target the plunge extension of the high-grade shoot and consolidating an inferred resource update, expected in Q3 2022. The new DD intercepts reported during the period (BNERD0105 - BNERD0119A) include some of the deepest high-grade intercepts discovered on the project to date, with a number of standout results, including DD-hole BNERD0113 returning 24m @ 5.5g/t Au. BNERD0113 is the deepest intercept recorded to date and further extends mineralisation a further 300 metres downdip. This result was approximately 630m down dip and 370m vertically below the bottom of the 2021 Maiden Resource Estimate US$1,800/oz pit shell.

use1175020N and 1175100N. personalFor

Also at NE Bankan, a detailed 10m x 10m angled RC Grade Control Program commenced, designed to investigate the

hortrange variability on the mineralisation within the upper fresh and oxide expression of the high-grade shoot and NE Bankan. A total of 162 holes, approximately 80m deep, angled at -55o to 090 azimuth are being drilled between

Figure 3 - Section 1174940N (+20mN/- 40mS) with holes BNERD0105, BNERD0106B

Predictive Discovery Limited

ABN 11 127 171 877

Suite 8, 110 Hay Street, Subiaco WA 6008

1. [phone]