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Corporate Spotlight

With exposure to a world class region, Predictive Discovery (ASX:PDI) is focused on its west African gold projects in Burkina Faso, Cote D’Ivoire and Guinea.
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Guinea is a 'new frontier' for West African gold

WELCOMES RESOLUTE

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PREDICTIVE WELCOMES RESOLUTE TO COTE D’IVOIRE JV 

ASX Announcement 5 August 2019 


Predictive Discovery Limited (Predictive or Company) welcomes Resolute Mining Limited (ASX: RSG) as the Company’s new joint venture partner on its Cote D’Ivoire Joint Venture following RSG’s takeover of Toro Gold Limited (Toro) as announced Wednesday 31 July1


The current Toro Joint Venture covers 2,344km2 in granted permits including the key gold exploration projects of Ferkessedougou North, Boundiali and Kokoumbo (Figure 1). The first two projects have enjoyed recent drill success including 45.3m at 3.16g/t gold2 from Ferkessedougou North and 27m at 2.42g/t gold from Boundiali3 with new zones of gold mineralisation discovered on both projects. Once the transaction is approved, Resolute will hold a 70% stake in the joint venture with Predictive holding 30%.


Figure 1 - Predictive Discovery/Resolute Mining key Joint Venture Projects 

COMMENTED PAUL ROBERTS - PREDICTIVE DISCOVERY MANAGING DIRECTOR 

“Following Resolute’s announcement of the Toro acquisition last week, I have met with senior Resolute management to discuss the future of our joint venture projects in Cote D’Ivoire. Based on these early-stage discussions, I am confident that the joint venture relationship will continue on the same excellent terms we have enjoyed with Toro Gold Limited over the past four years.


Moreover, a partnership with a large, successful and well-funded Perth-based mining company with a clear focus on expansion in West Africa is a definite positive for Predictive and its shareholders. We look forward to ongoing productive discussions with the Resolute team and continuing rapid progress on the key joint venture targets in Cote D’Ivoire – Ferkessedougou North and Boundiali. 


We note that 4,290m of drill results are pending from the recent Boundiali RC drill programs and that detailed soil sampling on 

Ferkessedougou North to identify new Ouarigue-South style mineralised granite bodies continues. More positive news flow on the Cote D’Ivoire Joint Venture is therefore expected over the coming weeks and months.” 


ABOUT RESOLUTE MINING LIMITED (ASX: RSG) 

Resolute is a successful, dividend paying gold miner with more than 30 years of experience as an explorer, developer and operator of gold mines in Australia and Africa, which have produced more than 8 million ounces of gold. Resolute owns four gold mines. Its flagship asset is the world class Syama Gold Mine in Mali (Syama) which can produce more than 300,000 ounces of gold per annum from existing processing infrastructure. 


Resolute is currently commissioning the world’s first fully automated underground mine at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032. The Ravenswood Gold Mine in Australia and the Bibiani Gold Mine in Ghana are existing large-scale assets which provide Resolute with significant production growth potential. 


Resolute has a pathway to annual gold production in excess of 500,000 ounces from a Global Mineral Resource base of more than 17 million ounces of gold. Resolute trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.


ABOUT PREDICTIVE DISCOVERY (ASX: PDI) 

Predictive Discovery holds 15 gold projects covering +6,000km2 across West Africa’s Birimian Greenstone Belt located in Burkina Faso, Cote D’Ivoire and Guinea (Figure 2). The Company’s objective is to find +2 million-ounce gold deposits. Our prospect generator model provides a pipeline of continuous and earlystage exploration opportunities to maximise the probability of making multiple gold discoveries while minimising expenditure and the frequency of dilutive capital raisings. 


The prospect generator approach has already yielded significant gold discoveries in Cote D’Ivoire and Burkina Faso, including the recently announced Ouarigue South discovery at its Ferkessedougou North Project. The Company is also in the early stages of exploring a series of 100%-owned projects in Guinea, which have produced encouraging gold geochemical anomalies at the Nonta and Kankan Projects.


Figure 2 - Predictive West African Gold Projects 


Click here to view the full announcement 

EARLY SOIL SAMPLING

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ENCOURAGING EARLY SOIL SAMPLING RESULTS, NONTA PROJECT, GUINEA

ASX Announcement 1 August 2019 


  • Predictive has received encouraging early soil sampling results from its 100%-owned Nonta Project, located in Guinea. 
  • 446 soil samples were collected with peak values of 1250ppb and 325ppb gold in two separate zones: 
    • A plus 5km-long anomalous zone (mostly 20-50ppb gold) oriented north-south with a peak value of 1250ppb gold (1.25 g/t gold). 
    • A north-north-west oriented 400m-long zone, open to the north, with numerous elevated values (>50ppb gold) and a peak value of 325 ppb gold. This is coincident with the “Nonta prospect” from which earlier rock chip sampling obtained up to 29g/t gold1 . 
  • Most of the samples were collected on a broad spaced (800m x 100m) grid covering plus 20ppb gold stream catchments identified from the previously completed Bulk Leach Extractable Gold (BLEG) geochemical survey1 (Figure 3). A closer spaced grid (100m x 25m) was completed over the “Nonta prospect”. 
  • The survey indicated some complexity in the regolith (i.e. surface materials: soil, laterite etc). Predictive is currently investigating gold distribution in the weathered profile by mapping and profile sampling and plans to start infill soil or power auger sampling in September-October once this work is complete.


Predictive Discovery Limited (Predictive or Company) is pleased to announce results from initial soil sampling at its 100%-owned Nonta Project, located in Guinea (Figure 1). The Nonta Project area was identified by Predictive during its terrain-scale assessment of the Siguiri Basin in late 2018 using the Company’s PredictoreTM gold targeting system.


In Guinea, Predictive holds approximately 500km2 of prospective landholdings in five projects all containing artisanal gold workings. Four of the projects are within the Siguiri Basin which hosts Anglogold’s large Siguiri Mine (+10Moz).


“These new results confirm the Nonta Project’s gold prospectivity. Values of up to 29g/t gold in rock chip samples and up to 1.25g/t gold in soils indicate potential for economically valuable gold mineralisation. Over the next few months, we will focus on understanding the complex regolith at Nonta and infill sampling to vector in on targets for a possible RC drill campaign in late 2019 or early 2020. 


We are excited by the exploration potential of the Siguiri Basin and specifically of our Nonta, Kankan and Kaninko projects. We have been welcomed warmly by the Guinea’s Mining Ministry, which has helped us greatly in acquiring this high potential ground so quickly.” - Commented Predictive Discovery Managing Director Paul Roberts. 


Figure 1 – Predictive Discovery 100%-owned Guinea portfolio 


Click here to view the full announcement

LANDHOLDING GROWS

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LANDHOLDING GROWS IN GUINEA’S SIGUIRI BASIN

ASX Announcement 4 July 2019 


Predictive Discovery Limited (ASX: PDI) (Predictive or Company) is pleased to announce that it has been granted a new Reconnaissance Authorisation covering 100km2 over the Kaninko Project near the town of Kouroussa in the Siguiri Basin, located in Guinea (Figure 1). The tenement is located approximately 10km from the Cassidy Gold Kouroussa gold deposit.


Figure 1 - Kaninko Project located ~10km from the Cassidy Gold Kouroussa gold deposit in Guinea 


With five projects covering 500km2 of highly prospective landholdings, the Company is currently undertaking multiple early-stage exploration programs across its portfolio of 100% owned Guinea Projects with encouraging initial results so far from its Kankan and Nonta projects12 . 


KANIKO PROJECT 

Utilising the Company’s PredictoreTM system, the Kaninko area was highlighted by Predictive during its terrain-scale assessment of the Siguiri Basin in late 2018. Company geologists will commence initial lowcost geological mapping and geochemical sampling of the artisanal sites shortly and follow-up with regional stream sediment sampling when water levels fall sufficiently for that to be possible. Initial assay results are expected in the next 4-6 weeks


The Authorisation contains at least one significant artisanal mine site (Figure 2) consisting of extensive pitting into weathered bedrock over several hectares with shallow surficial workings in lateritic cover material extending for hundreds of metres away from the pitted area. Other artisanal sites are reported on the property but have yet to be examined.


Figure 2 – Artisanal workers on the Kaninko Reconnaissance Authorisation, located in Guinea 


Click here to view the full announcement 

KANKAN RESULTS

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KANKAN RESULTS EXTEND ZONE OF GOLD ANOMALIES TO OVER 7KM 

ASX Announcement 24 June 2019 


HIGHLIGHTS 

  • Predictive is currently undertaking multiple exploration programs across its portfolio of 100% owned projects, located in Guinea. 
  • Infill soil sampling on the Kankan Project has returned encouraging results including definition of several new +100 ppb gold anomalies, each approximately 1km in length. 
  • The new soil sampling has also extended the gold-in-soil anomaly to more than 7km long with a peak value of 570ppb gold1 . 
  • The new results enhance the potential for bedrock gold discoveries with multiple anomalies earmarked for follow-up exploration including drilling programs after the rainy season.


KANKAN PROJECT – SOIL SAMPLING RESULTS 

  • 306 samples have been received from two concurrent soil sampling programs. 
  • A program of tighter, infill soil sampling completed at a 400 x 50m spacing identified a series of 1km-long zones of plus 100ppb gold anomalies. 
  • North of the earlier grid, a program of reconnaissance soil sampling was completed at an 800 x 100m spacing, extending the overall zone of gold anomalies to more than 7km long. 
  • The previously identified northeast anomaly remains the most prospective, recording new peak values of 330ppb gold, 292ppb gold, 286ppb gold and 245ppb gold and open to the west.


“Our optimism that the Kankan Project will contain significant bedrock gold mineralisation is growing as each exploration phase reveals higher value gold-in-soil trends within the 7km zone. Our early stage programs are designed to vector down on targets for follow-up drilling programs, which the Company plans to undertake after the wet season. The Kankan results further confirm the high regional prospectivity for gold mineralisation within multiple exploration projects across the Company’s 100% owned Guinea landholdings.” 

- said Predictive Discovery Managing Director, Paul Roberts. 


KANKAN PROJECT – NEXT STEPS 

  • Work will continue during the rainy season (July to October) with the aim of narrowing down on targets for follow up drilling after the wet season. This will include: 
    • an additional phase of infill soil sampling, tightening the sample density to 200 x 25m to assist with identification of follow up drill targets. 
    • regolith mapping and pitting to help interpret the geochemical results
    • XRF analysis of soil samples, specifically Ti/Zr ratios, to help map underlying rock types. 
    • A possible ground magnetic survey to help identify underlying mineralised structures controlling the distribution of higher tenor gold-in-soil anomalies. 
  • Assuming ongoing good results from above work programs, the Company hopes to drill some of the Kankan targets after the rainy season, possibly commencing with power auger followed by an RC drill program.


Figure 1 – Predictive’s 100% owned landholdings located in Guinea 


Click here to view the full announcement

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