Predictive Discovery (PDI) Precious Metals Summit Presentation summary

Project overview and highlights

• Bankan Gold Project in Guinea advancing rapidly, with a 5.38Moz mineral resource and 3.05Moz ore reserve, targeting 269Kozpa average gold production over a 12-year mine life.

• Project ranks as a top-tier African gold development, with robust economics, low capital intensity, and significant exploration upside.

• Located in a stable mining jurisdiction with strong government and community support, and a mature mining industry.

• Board and management have extensive experience in African gold mine development and operations.

• Strong ESG focus, with comprehensive environmental and social initiatives and high community support.

Mineral resources, reserves, and exploration

• NEB deposit hosts 3.99Moz open pit and 896Koz high-grade underground resources; BC deposit contains 487Koz open pit resource.

• Overall Bankan project mineral resource stands at 5.38Moz (101Mt @ 1.66g/t), with 3.05Moz ore reserve (58Mt @ 1.64g/t).

• Infill drilling at BC and Gbengbeden confirms potential to upgrade Inferred to Indicated resources.

• Near-resource and regional exploration targets, including 800W, SB, Fouwagbe, and Sounsoun, are advancing toward maiden resource estimates.

• Multiple satellite deposit targets within 5km of NEB, with positive drill results supporting further resource growth.

Project economics and financials

• Pre-production capital cost of US$456m, with leading capital intensity of US$1,695/oz and LOM AISC of ~US$1,130/oz.

• Post-tax NPV5% of US$668m and IRR of 25% at US$1,800/oz gold price; NPV5% of US$1.4bn and IRR of 42% at US$2,300/oz.

• Average LOM gold production of 269Kozpa, with cumulative production of 3.2Moz over 12 years (Extension Case).

• Simple open pit and mechanised underground mining, with conventional CIL processing and high recovery rates (>92%).

• Well-funded with A$51m cash (as of June 2024) and strong institutional shareholder base.