Announcement of positive drilling results from NEB and BC area

Predictive Discovery Limited (ASX: $PDI) has announced additional drilling results from the NEB and BC area of its 5.38Moz Bankan Gold Project in Guinea. The drilling programs at Gbengbeden, BC, and 800W have shown potential to increase Mineral Resources and Ore Reserves. The results include positive intercepts in Gbengbeden infill drilling, final holes from the current phase of infill drilling at BC and 800W, and strong intercepts in the northern part of the SB target. Resource development drilling is planned to commence at SB later this half after completion of initial Argo resource development drilling at Fouwagbe and Sounsoun.

Executive Commentary on Drilling Results

Resource definition drilling in the NEB and BC area continues to deliver, with the positive Gbengbeden results reported today adding to recent strong results from BC and 800W. These programs have confirmed there is potential to upgrade existing Inferred Mineral Resources at BC and Gbengbeden and establish a maiden Mineral Resource at 800W later this year, in line with the aim to ultimately increase the current 3.05Moz Ore Reserve and 12-year mine life. Pleasingly, the SB target has also recorded an outstanding intercept of 15m @ 8.05g/t, which occurred at the end of the hole in an underexplored area where there is limited drilling at depth. We look forward to following up this result with additional targeted drilling.

Summary of Drilling Results and Outlook

The drilling results from Gbengbeden, BC, and 800W have shown positive intercepts, indicating the potential to increase Mineral Resources and Ore Reserves. The Company aims to establish a maiden Mineral Resource at 800W later this year and increase the current 3.05Moz Ore Reserve and 12-year mine life. Further drilling is being planned at 800W to test for extensions of the mineralisation along strike to the north-east and south-west. Additionally, resource development drilling is planned to commence at SB later this half. Predictive Discovery's strategy is to identify and develop gold deposits within the Siguiri Basin, Guinea, and the Bankan Project is highly prospective for additional discoveries. The Company is also exploring targets near the NEB and BC deposits, and regionally to the north along the 35km gold superstructure which runs through the permits.