About Predictive Discovery Limited (PD)

Predictive Discovery Limited (PD) was established in late 2007 to explore for gold and uranium.  The company is focusing principally on exploration for gold in West Africa with two additional projects for uranium and gold in Australia.  The company has a distinctive technological capability, known as Predictore^TM, that sets it apart from its peers.

Burkina Faso is the major focus of PD’s exploration activities.  It is an emerging West African country that contains large areas of the prospective, relatively unexplored, Birimian age greenstone belts.  A number of significant gold discoveries have been made in Burkina Faso over the past decade, six of which are now in production. The country is safe to operate in and has a mining law that encourages exploration and development.  PD has been working there since early 2008 and has established a local office with qualified field staff. With good local contacts, it is in a strong position to acquire more ground.

PD has assembled a ground position in Burkina Faso totalling 1,544 square kilometres including tenement areas under application.  It was selected through a country wide analytical assessment over the past three years that prioritised favourable mineralised geological structures and greenstone belts.  This led us to our Bonsiega project  in the Fada N’Gourma greenstone belt situated in the east of the country and along strike from the Samira Hill gold mine, just inside Niger to the north-east.

Previous exploration has yielded encouraging results and there are numerous occurrences of artisanal workings.  The widespread occurrence of thin younger cover has left much of the area underexplored.  Over the past year, PD geologists have carried out geological mapping, surface geochemical and geophysical surveys and RAB drilling of several known prospects.  Numerous plus one metre intervals of over one gram per tonne of gold were recovered in drilling and, at the Fouli prospect, a 1.7 kilometre long gold anomalous zone was identified which is open to the north-east.

In Australia, PD is targeting a major new discovery under cover and has acquired two projects that are ideally suited to application of the Predictore^TM technology.  The Benmara project in the Northern Territory is in the same rocks as the Westmoreland uranium field in Queensland to the east.  We are targeting a large uranium deposit in favourable rock sequences beneath younger cover rocks.  Available aeromagnetic data has been assessed and a gravity survey over the area is planned. A geological interpretation of the geophysical data sets will lead to the application of the PredictoreTM technology and the generation of drill targets which will be tested after the wet season.

In Victoria, the Skipton area  lies south of an alluvial goldfield and the prospective formations are covered by younger volcanic sequences.  Two major structures interpreted from the regional geophysical data intersect in the area.  We are targeting a major gold deposit similar to Stawell which lies to the north-west on one of the structures.  PD has carried out ground geophysics and plans to apply the Predictore^TM technology to generate drill targets.

The following table summarises PD’s project interests in Burkina Faso and Australia: