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History


Predictive Discovery Pty Ltd ("PD") is a commercialisation outcome of the Predictive Mineral Discovery Cooperative Research Centre ("pmd*CRC"). The latter was established on 1 July 2001 after being successful in the competitive Cooperative Research Centre bid process in the previous year. The pmd*CRC was awarded $18 million in Commonwealth Government funds to be spent during its 7 year life. In addition, the pmd*CRC obtained a further $80 million in cash and in-kind from core research partners and industry/government sponsors during that same 7 year period.

The pmd*CRC's purpose was to "to generate a fundamental shift in exploration practice and cost-effectiveness by developing a vastly improved understanding of mineralising processes and a four dimensional understanding of the evolution of the geology of mineralised terrains". To achieve this purpose its objectives were to:
  1. Resolve key areas of uncertainty in existing ore deposit models;
  2. Build 3D and 4D images of classical mineralised systems using the very latest advances in geophysics, geochemistry and geological understanding of these systems;
  3. Create a computational and modelling environment that enables the explorationist to rigorously explore ‘what-if’ questions relevant to the current exploration scenarios;
  4. Create a commercial computational and communications environment that enables explorationists to meaningfully use these concepts anywhere on Earth; and
  5. Transfer these concepts, skills and technologies to the next generation of explorationists in a manner which is clearly integrated with continuing advances in the Science of Predictive Mineral Discovery.
Most of these points are relevant to PD. Thus the Company is connected to these objectives as follows:
  1. PD employs an advanced understanding of hydrothermal ore deposit models based partly on the pmd*CRC's research;
  2. Via its contractual relationships, PD has privileged access to the computational and modelling environment which was developed by the pmd*CRC, and is known as the Desktop Modelling Toolkit.
  3. PD, an Australian-based Company, is pioneering the use of pmd*CRC-developed capability outside of Australia, and, where successful, will bring benefits back to Australia through dividends to Australian shareholders.
  4. PD is an exemplar company which aims to demonstrate the effectiveness of the CRC's approach to explorationists. Therefore PD's successes will encourage the next generation of explorationist use these new methods in Australia.
Since the cessation of the pmd*CRC at the end of its 7 year term on 30 June, 2008, PD has:
  • Concluded agreements with the research participants in the pmd*CRC in order to obtain the necessary access to the computational modelling capability developed by the pmd*CRC
  • Signed joint venture agreements with Sanu Resources Ltd  and Volta Resources Inc, both Canadian companies, on gold exploration projects in Burkina Faso.  and Ghana respectively. These agreements both contained conditions precedent requiring PD to raise a certain amount of money prior to agreed dates in 2008. Unfortunately, the stock market collapse which took place in September-October 2008 caused the deferral of PD's capital raising plans and PD withdrew from both agreements.
  • Undertaken project generation activities in Burkina Faso.
  • Applied for an Exploration Licence in Victoria.
 

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