Announcement • Feb 06

Predictive Discovery Limited Updates Mineral Resource Estimate for Bankan Gold Project

Predictive Discovery Limited announced an updated Mineral Resource estimate for the Company's Bankan Gold Project. The Bankan Gold Project comprises 356km2 of highly prospective exploration permits in the Siguiri Basin, Guinea. A Mineral Resource of 4.2Moz has been defined to date at the NEB (3.85Moz) and BC (331Koz) deposits. PDI's strategy is to sustainably develop Bankan into a Tier-1 gold mine. The Company is focused on further increasing the size and improving the classification of the current Mineral Resource, and completing a Scoping Study and ESG workstreams as crucial steps towards securing a mining permit for the Project. PDI is also exploring a number of targets near the NEB and BC deposits and regionally to the north along the 35km gold-rich super structure which runs through the Bankan permits. An updated Mineral Resource estimate for the NEB deposit has been prepared by PDI's independent resource modelling consultant, CSA Global Mining Industry Consultants (‘CSA Global’). The estimate includes assays received up to 16 January 2023 and is based on 102 Diamond Drill (‘DD’), 62 Reverse Circulation/Diamond Drill (‘RC/DD’) and 197 Reverse Circulation (‘RC’) holes for a total of 84,697.77m of drilling. Of this, 143 holes for 32,380.97m of drilling has been added since the last Mineral Resource update released in August 2022. The updated NEB estimate includes an Open Pit Mineral Resource reported at a 0.5g/t cut-off grade within a USD 1,800/oz optimised resource pit shell, which totals 67.4Mt @ 1.62g/t for 3.5Moz of gold. The pit shell is the same pit shell as from the August 2022 estimate. An Underground Mineral Resource of 2.2Mt @ 4.5g/t for 335Koz of gold is reported at a 2.0g/t cut-off grade, for a total NEB Mineral Resource of 69.6Mt @ 1.72g/t for 3.85Moz of gold. Significant infill drilling has been completed at NEB since the last Mineral Resource estimate in August 2022. Mineralisation within the optimised resource pit shell is being progressively infilled to 80m by 40m in line with CSA Global's recommendation of the drill spacing required to achieve Indicated status. 63% of NEB's Open Pit Mineral Resource tonnage has been upgraded to the Indicated category, representing 50% of the contained gold. This is the result of a substantial increase in geological understanding of the deposit and the controls on mineralisation from the additional drilling completed. As shown in figure 3, the Indicated Mineral Resource is situated in the top 250m of the optimised resource pit shell, where drilling has been infilled to the recommended 80m by 40m spacing. The remainder of the Open Pit Mineral Resource below this level is classified as Inferred and the Underground Mineral Resource is also Inferred. Upgrading the Mineral Resource to Indicated is a crucial part of PDI's strategy, and is necessary to complete the Scoping Study which is on track to be delivered in late 2023. The Scoping Study and the Environmental & Social Impact Assessment (which is ongoing) are the key documents that will support PDI's permitting discussions with the Government of Guinea. The Open Pit Mineral Resource comprises all domains except for the Deep domain, which represents the Underground Mineral Resource. The majority of mineralisation is within the Medium Grade and High Grade domains, with the high-grade mineralisation driving the pit optimisations (which were based on the August 2022 Mineral Resource model and remain valid). The Northern domain represents the smaller optimised resource pit shell to the north of the main NEB orebody. The grade-tonnage relationship for the Open Pit Mineral Resource at varying cut-off grades. Overall, the Mineral Resource is robust to changes in cut-off grade, with approximately 2.6Moz at a 1.0g/t cut-off (compared to 3.5Moz at a 0.5g/t cut-off). The Inferred Mineral Resource is particularly robust to increases in cut-off grades due to the presence of high-grade mineralisation in the lower parts of the pit shell which are classified as Inferred. There are currently six active DD rigs focused on resource definition drilling at the NEB and BC deposits, in line with the Company's strategy to further increase the size and quality of the 4.2Moz Mineral Resource. Infill drilling within the pit shell will continue to be a key focus to enable the majority of the NEB Open Pit Mineral Resource to be upgraded to Indicated during 2023, which is crucial to support the Scoping Study mine plan and future permitting discussions with the Government of Guinea. One DD rig is focused on deeper resource extension drilling of the current Underground Mineral Resource estimate of 335Koz @ 4.75g/t. There is upside potential to extend the boundaries of mineralisation defined by drilling to date, and up-dip towards the base of the optimised resource pit shell. The Underground Mineral Resource also remains open at depth below hole BNERD0113 (24m @ 5.5g/t Au from 850m, including 11m @ 10.3g/t Au from 852m). Resource extension drilling is also planned around the northern resource pit shell which is open along strike and at depth, and is underway at the BC deposit which is open at depth and in all directions. PDI strengthened its exploration team in late 2022, including the appointment of a dedicated regional head geologist, to support an increasing focus on near- resource and regional exploration, where there is potential to discover other major gold deposits. Geophysics surveys, including gradient array induced polarisation surveys, are planned to commence imminently at the northern Argo (‘AG’) permit along the highly prospective 35km structural trend. RC drilling of select targets is planned to commence immediately following receipt of the geophysics results. Additional near-resource exploration will continue at identified targets near the NEB and BC deposits.

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	1.9yrs

Name	Position	Tenure	Compensation	Ownership
Matthew Wilcox	MD, CEO & Director	less than a year	no data	no data
Ross McLean	Chief Financial Officer	less than a year	no data	no data
Clinton Bennett	Chief Operating Officer	less than a year	no data	no data
Alain William	Chief Legal & Government Relations Officer and Executive Director	less than a year	no data	0.0026% $ 86.4k
Gwendal Bonno	Chief Human Resources Officer	no data	no data	no data
Justin Rivers	Chief Exploration Officer	no data	no data	0.0018% $ 61.6k
Dimitrios Felekis	Chief Development Officer	less than a year	no data	no data
Matthew Foy	Company Secretary	less than a year	no data	no data

Name	Position	Tenure	Compensation	Ownership
Matthew Wilcox	MD, CEO & Director	less than a year	no data	no data
Alain William	Chief Legal & Government Relations Officer and Executive Director	less than a year	no data	0.0026% $ 86.4k
Alberto Lavandeira Adan	Independent Non-Executive Director	1.9yrs	AU$100.00k	0.031% $ 1.0m
Andrew Pardey	Non-Executive Chairman	5.2yrs	AU$1.97m	0.61% $ 20.5m
Howard Golden	Independent Non-Executive Director	less than a year	no data	0.00052% $ 17.4k
Lawrence Jackson	Lead Independent Non-Executive Director	4.6yrs	AU$358.64k	0.096% $ 3.2m
Steven Michael	Independent Non-Executive Director	6.4yrs	AU$232.53k	0.038% $ 1.3m

Data	Last Updated (UTC time)
Company Analysis	2026/05/10 20:01
End of Day Share Price	2026/05/07 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Predictive Discovery Management

Management criteria checks 0/4

Key information

Recent management updates

Predictive Discovery Limited, Annual General Meeting, Nov 26, 2025

Predictive Discovery Limited, Annual General Meeting, Nov 21, 2024

Predictive Discovery Limited Appoints Alberto Lavandeira as A Non-Executive Director

Predictive Discovery Limited, Annual General Meeting, Nov 16, 2023

Recent updates

Predictive Discovery Limited to Report Fiscal Year 2026 Results on Sep 30, 2026

Predictive Discovery Limited (ASX:PDI) completed the acquisition of Robex Resources Inc. (TSXV:RBX) from Cohen Group, Inc., Eglinton Mining, and others in a merger of equals transaction.

Perseus Mining Limited (ASX:PRU) cancelled the acquisition of remaining 82.20% stake in Predictive Discovery Limited (ASX:PDI).

Perseus Mining Limited (ASX:PRU) entered into scheme implementation deed to acquire remaining 82.20% stake in Predictive Discovery Limited (ASX:PDI) for AUD 1.7 billion.

Predictive Discovery Limited to Report Q1, 2026 Results on Oct 30, 2025

Predictive Discovery Limited (ASX:PDI) entered into a definitive agreement to acquire Robex Resources Inc. (TSXV:RBX) for approximately CAD 790 million in a merger of equals transaction.

Predictive Discovery Limited, Annual General Meeting, Nov 26, 2025

Aurum Resources Limited (ASX:AUE) acquired Boundiali South exploration tenement (PR-414) from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI)

Predictive Discovery Limited to Report First Half, 2025 Results on Mar 13, 2025

Predictive Discovery Limited has completed a Follow-on Equity Offering in the amount of AUD 69.220965 million.

Predictive Discovery Limited has filed a Follow-on Equity Offering in the amount of AUD 69.220965 million.

Predictive Discovery Limited, Annual General Meeting, Nov 21, 2024

Perseus Mining Limited (ASX:PRU) entered into a sale agreement to acquire 13.82% stake in Predictive Discovery Limited (ASX:PDI) from Capital DI Limited and others for approximately AUD 68.1 million.

Predictive Discovery Limited to Report Fiscal Year 2024 Final Results on Sep 16, 2024

Predictive Discovery Limited Appoints Alberto Lavandeira as A Non-Executive Director

Predictive Discovery Limited has completed a Follow-on Equity Offering in the amount of AUD 50 million.

Many Peaks Minerals Limited (ASX:MPK) completed the acquisition of CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI).

Predictive Discovery Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.

Many Peaks Minerals Limited (ASX:MPK) entered into binding Share Sale Agreement to acquire CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) for £0.21 million.

Predictive Discovery Limited to Report Q1, 2024 Results on Oct 30, 2023

Predictive Discovery Limited, Annual General Meeting, Nov 16, 2023

Predictive Discovery Limited Updates Mineral Resource Estimate for Bankan Gold Project

Predictive Discovery Limited Provides an Update on Assay Results Outstanding Infill Drilling Results Continue

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Industry and Sector Metrics

Analyst Sources

Analyst	Institution
Taylor Guyot	Barrenjoey Markets Pty Limited
Nicholas McGarrigle	Barrenjoey Markets Pty Limited
Mollie Urquhart	Barrenjoey Markets Pty Limited