Proactiveinvestors United Kingdom Predictive Discovery Ltd https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Predictive Discovery Ltd RSS feed en Tue, 23 Jul 2019 20:50:16 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Predictive Discovery Ltd to raise up to $4M supported by Sprott ]]> https://www.proactiveinvestors.co.uk/companies/news/165337/predictive-discovery-ltd-to-raise-up-to-4m-supported-by-sprott-70594.html Predictive Discovery Ltd (ASX:PDI) plans to raise up to A$4 million through a placement and share purchase plan (SPP) to continue developing its gold projects in West Africa.

The company has signed a non-binding term sheet to raise A$1-2 million from the Sprott Group of companies. Sprott is a globally renown Canadian resources investor.

Commitments for A$1.2 million have been sourced from other sophisticated and institutional investors and the SPP will launch next week raising up to A$0.8 million.

Predictive’s two largest shareholders, Aurora Minerals Limited (ASX: ARM) and the Lowell Resources Fund have committed to invest a combined value of A$850,000.

The next field season in West Africa commences in October 2016.


Sprott involvement

Sprott is a large and well known North-American based asset management firm with a strong record in identifying and funding successful early stage resource companies.

The Sprott part of the capital raising is subject to shareholder approval, completion by Sprott of satisfactory due diligence and execution of a finders agreement.

Funds raised will be placed into escrow on the closing date and released to the company following shareholder approval.

A shareholder meeting to approve the raising will be held in late September or early October, 2016. 


Use of funds

The funds will be employed to support the Toro Gold joint venture in Cote D’Ivoire, Bobossa joint venture in Cote D’Ivoire and Burkina Faso permits.

Predictive is in joint venture able to earn up to 65% with the UK-based Toro Gold Limited on six granted permits and two permit applications.

Recent drill results from Toro include:

- 20 metres at 10.5 g/t gold from 38 metres including 1 metre at 114 g/t gold (Nyangboue prospect);
- 20 metres at 4.8 g/t gold from 3 metres (Nyangboue prospect); and
- 7.5 metres at 16.0 g/t gold from surface (Kokoumbo Hill prospect).


Analysis

Predictive have a number of promising gold prospects across its projects in West Africa and this funding will provide the company with options to advance multiple prospects.

Sprott’s decision to support Predictive is a strong endorsement of the company’s strategy, management and projects in West Africa.

Exploration success over the past two months has helped the share price perform well, up over 250% year to date.

News flow is expected in the coming weeks, with assays pending for 57 holes.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 22 Aug 2016 13:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165337/predictive-discovery-ltd-to-raise-up-to-4m-supported-by-sprott-70594.html
<![CDATA[News - Predictive Discovery Ltd to update on capital raising ]]> https://www.proactiveinvestors.co.uk/companies/news/165336/predictive-discovery-ltd-to-update-on-capital-raising-70552.html Predictive Discovery Ltd (ASX:PDI) recently received news from partner Toro Gold Limited that more gold had been discovered at the Boundiali Project in Cote D’Ivoire.

The latest reverse circulation drilling highlights include bonanza grade gold, and build on previous results of visible gold.

PDI is currently finalising capital raising details, and following a trading halt, the company has been granted a voluntary suspension, which will continue until the opening of trade on Monday 22nd August.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 19 Aug 2016 09:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165336/predictive-discovery-ltd-to-update-on-capital-raising-70552.html
<![CDATA[News - Predictive Discovery Ltd and partner unlock bonanza gold in Cote D’Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/news/165335/predictive-discovery-ltd-and-partner-unlock-bonanza-gold-in-cote-divoire-70303.html Predictive Discovery Ltd (ASX:PDI) has received an update of more gold being discovered by its partner Toro Gold Limited at the Boundiali Project in Cote D’Ivoire.

The latest reverse circulation drilling highlights include bonanza grade gold, and build on previous results of visible gold.

The continued success of the drilling program has PDI's shares tripling to $0.015 over the past six weeks.


Drill highlights from the Nyangboue Prospect:

- BRC004BIS (BRC004 twin hole): 20 metres at 10.5/t gold from 38 metres, including 1 metre at 144.5g/t gold and 1 metre at 21.4g/t gold.

- BRC048 (on the drill line 320 metres south of BRC004): 10 metres at 3.3g/t gold from 1 metre, including 1 metre at 27.4g/t gold; and 8 metres at 1.3g/t gold from 21 metres.


Paul Roberts, managing director for PDI, commented:

“As we receive more assay results from the Nyangboue prospect, a picture is slowly emerging of a large and complex gold mineralised system.

"With these new results, we now know that gold mineralisation extends for at least 640 metres along strike and is open to the north, south and at depth.

"But there is still a lot more news to come - from five more drill lines covering 1.3km of strike, for which we are yet to receive any results."

It is important to recognise that a 320 metre drill line spacing in a gold deposit of this type is very wide.

Potential exists to define large amounts of gold mineralisation by infill drilling between the three drill lines for which the partners already have results.


PDI and Toro

PDI is in joint venture with the UK-based Toro Gold Limited on six granted permits and two permit applications in Cote D’Ivoire.

The Toro joint venture operates through PDI’s subsidiary, Predictive Cote D’Ivoire SARL (Predictive CI) of which Predictive now holds 49%.

Toro can earn a further 14% of Predictive CI by spending US$2.5 million, which would then lift its equity to 65%.

At this stage, Predictive said that it plans to contribute 35% of the ongoing expenditure once Toro achieves this stake.


Analysis

Gold mineralisation has now been intersected on three drill lines, with a minimum strike extent of at least 640 metres, open to the north, south and at depth.

News flow will remain strong in coming weeks, with assays pending from another 57 holes.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 08 Aug 2016 11:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165335/predictive-discovery-ltd-and-partner-unlock-bonanza-gold-in-cote-divoire-70303.html
<![CDATA[News - Predictive Discovery Ltd's partner pans visible gold from drilling ]]> https://www.proactiveinvestors.co.uk/companies/news/161263/predictive-discovery-ltds-partner-pans-visible-gold-from-drilling-70012.html Predictive Discovery Ltd (ASX:PDI) and partner Toro Gold Limited have received further positive gold assays from the Boundiali Project in Cote D’Ivoire.

Highlight from the recent assays at the Nyangboue Prospect include:

- 9 metres at 7.9 g/t gold from 99 metres, including 1 metre at 44.7 g/t gold; and
- 7 metres at 3.8 g/t gold from 33 metres, including 1 metre at 11.3 g/t gold.

These zones indicate that the mineralised package extends for at least 320 metres along strike, and is open to the north, south and at depth.

Assay results for 69 holes on six drill sections remain outstanding.

Paul Roberts, managing director, commented:

“This new set of results confirms that the newly discovered Nyangboue gold mineralised system persists both at depth and along strike.

“We are especially encouraged by the high grade of the first of the deepened holes on the first section drilled possibly indicating an additional mineralised zone.”


Drill program

The reverse circulation drilling program on the Boundiali permit is now complete with a total of 92 holes and 5,496 metres drilled.

The program tested a 2 kilometre long zone of strong and coherent gold-in-soil anomalies

The first phase of drilling produced a series of high-grade results including:

- 28 metres at 4.04 g/t gold from 3 metres, including 1 metres at 49.7 g/t gold;
- 20 metres at 1.97 g/t gold from surface; and
- 14 metres at 5.51 g/t gold from 32 metres, including 1 metres at 31.6 g/t gold.

This current set of assays is from 15 drill holes and one deepened section of a hole from the first phase.

Highlights include:

- 9 metres at 7.9 g/t gold from 99 metres, including 1 metre at 44.7 g/t gold;
- 7 metres at 3.8 g/t gold from 33 metres, including 1 metre at 11.3 g/t gold;
- 8 metres at 1.5 g/t gold from 38 metres; and
- 9 metres at 1.2 g/t gold from 20 metres.

At this stage, the company expects to be releasing drill data through most if not all of August.


JV details

Predictive is in joint venture with the UK-based Toro Gold Limited on six granted permits and two permit applications in Cote D’Ivoire.

The Toro joint venture operates through Predictive’s subsidiary, Predictive Cote D’Ivoire SARL (Predictive CI) of which Predictive now holds 49%.

Toro can earn a further 14% of Predictive CI by spending US$2.5 million, which would then lift its equity to 65%.

At this stage, Predictive said that it plans to contribute 35% of the ongoing expenditure once Toro achieves its 65% equity.


Analysis

These new assays indicate that the gold system extends at least 320 metres to the north with the majority of drill results covering a 2 kilometre strike length yet to come.

The remaining drill results for 69 holes are expected to arrive during the remainder of July and through August keeping the company leveraged to further exploration success.

Visible gold has again been panned from drill chips from some of the reported drill holes.

Predictive is trading up 5 times year to date, currently priced at $0.016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 25 Jul 2016 11:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161263/predictive-discovery-ltds-partner-pans-visible-gold-from-drilling-70012.html
<![CDATA[News - Predictive Discovery Ltd receives ASX speeding ticket ]]> https://www.proactiveinvestors.co.uk/companies/news/161262/predictive-discovery-ltd-receives-asx-speeding-ticket-69658.html Predictive Discovery Ltd (ASX:PDI) has received a speeding ticket from the ASX for a change in the share price of the company’s securities from a closing price of $0.006 on 29 June 2016, to an intra-day high today of $0.012.

The volume of shares traded had also increased. In response, the company said it was not aware of any information not announced to the market that could explain the gain.

It pointed to the already released bullish initial RC drill results on 23 June 2016 from Boundiali, Cote D’Ivoire.

Predictive is in joint venture with the UK-based Toro Gold Limited on six granted permits and two permit applications in Cote D’Ivoire.

Assays from the first eight of 71 reverse circulation holes are broad, and high-grade.

At the Nyangboue Prospect, highlights included:

- 28 metres at 4.0g/t gold from 3 metres, including 1 metre at 49.7g/t gold;
- 14 metres at 5.5g/t gold from 32 metres, including 1 metre at 31.6g/t gold; and
- 20 metres at 2.0g/t gold from surface

What deemed these of particular note is that these intercepts appear to be from separate but adjacent mineralised zones on one drill cross section across a 2 kilometre long strong and coherent gold-in-soil anomaly.

Visible gold has been panned from the drill chips.

With results from an additional 63 holes flowing through and an additional 1,000 metres of drilling the promise from the first few holes hints at unearthing a major gold mineralised system.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 06 Jul 2016 16:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161262/predictive-discovery-ltd-receives-asx-speeding-ticket-69658.html
<![CDATA[News - Predictive Discovery Ltd's shares ride higher on gold discovery in West Africa ]]> https://www.proactiveinvestors.co.uk/companies/news/161261/predictive-discovery-ltds-shares-ride-higher-on-gold-discovery-in-west-africa-69416.html Predictive Discovery Ltd's (ASX:PDI) shares soared yesterday after the company exited a trading halt following the discovery of high-grade gold at the Boundiali Project in Cote D’Ivoire.

At the close of trade yesterday, Predictive shares were up 50% from the pre-halt valuation, with over 42 million shares traded.

At one stage the shares were up 75%.

Predictive, and UK company Toro Gold Limited, are partners at Boundiali, which has delivered some impressive initial drilling results.

Assays from the first eight of 71 reverse circulation holes are both broad, and high-grade.

At the Nyangboue Prospect, highlights include:

- 28 metres at 4.0g/t gold from 3 metres, including 1 metre at 49.7g/t gold;
- 14 metres at 5.5g/t gold from 32 metres, including 1 metre at 31.6g/t gold; and
- 20 metres at 2.0g/t gold from surface.

What makes this more interesting, is that these intercepts appear to be from separate but adjacent mineralised zones on one drill cross section across a 2 kilometre long strong and coherent gold-in-soil anomaly.

Visible gold has been panned from the drill chips.

An additional 1000 metres will also be drilled, ensuring strong news flow over the next couple of months.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 24 Jun 2016 08:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161261/predictive-discovery-ltds-shares-ride-higher-on-gold-discovery-in-west-africa-69416.html
<![CDATA[News - Predictive Discovery Ltd and partner discover gold system in Cote D’Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/news/161260/predictive-discovery-ltd-and-partner-discover-gold-system-in-cote-divoire-69398.html Predictive Discovery Ltd (ASX:PDI) and Toro Gold Limited have partnered up at the Boundiali Project in Cote D’Ivoire, and the initial assays are impressive.

While it is still early days, assays from the first eight of 71 reverse circulation holes are both broad, and high-grade.

At the Nyangboue Prospect, highlights include:

- 28 metres at 4.0g/t gold from 3 metres, including 1 metre at 49.7g/t gold;
- 14 metres at 5.5g/t gold from 32 metres, including 1 metre at 31.6g/t gold; and
- 20 metres at 2.0g/t gold from surface

What makes this more interesting, is that these intercepts appear to be from separate but adjacent mineralised zones on one drill cross section across a 2 kilometre long strong and coherent gold-in-soil anomaly.

Visible gold has been panned from the drill chips.


Pending drilling results

The pending assays will start to outline the potential significance of today's initial results, here is the location information, and approx hole numbers.

+900 metres to north, 5 holes
+600 metres to north, 17 holes
+300 metres to north, 16 holes
Today's assays (Distance from here)
+300 metres to the south, 12 holes
+600 metres to the south, 7 holes

This drilling covers the major extent of the 2 kilometre long gold-in-soil anomaly.

Once all of the assays are in, we can then determine the potential scale.

Today's intercepts are part of a broader zone about 70 metres wide, and we will know how far this grows as assays are returned over the next two months.


JV details

Predictive is in joint venture with the UK-based Toro Gold Limited on six granted permits and two permit applications in Cote D’Ivoire.

The Toro joint venture operates through Predictive’s subsidiary, Predictive Cote D’Ivoire SARL (Predictive CI) of which Predictive now holds 49%.

Toro can earn a further 14% of Predictive CI by spending US$2.5 million, which would then lift its equity to 65%.

At this stage, Predictive said that it plans to contribute 35% of the ongoing expenditure once Toro achieves its 65% equity.


Analysis

The scale of the soil anomaly and the grades and widths encountered in these first few holes offer the hope that Predictive and Toro have identified a major gold mineralised system.

Add to this, visible gold has been panned from the drill chips.

The news flow will remain strong as results from an additional 63 holes flow through well into July.

There will also be an additional 1000 metres of drilling.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 23 Jun 2016 11:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161260/predictive-discovery-ltd-and-partner-discover-gold-system-in-cote-divoire-69398.html
<![CDATA[News - Predictive Discovery Ltd finds more gold at Kokoumbo in Cote D'Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/news/161259/predictive-discovery-ltd-finds-more-gold-at-kokoumbo-in-cote-divoire-69186.html Predictive Discovery Ltd (ASX:PDI) continues to find widespread gold mineralisation from diamond drill results at the Kokoumbo permit in Cote D'Ivoire.

The final assays from the remaining 12 holes of a 15 hole program across three prospects has yielded results including 7.5 metres at 1.5 g/t gold from 12 metres.

These assays follow on from the initial three holes which reported intersections of 7.5 metres at 16.0 g/t gold from surface, including 1.5 metres at 74.2 g/t gold.

11 of the 12 holes contained some gold mineralisation.

The three prospects within the Kokoumbo permit are Kokoumbo Hill, Sereme and Blonzwe.

Drilling was completed by joint venture partner, Toro Gold Limited. The joint venture committee will meet next month to discuss the next phase of work on the Kokoumbo permit.

Paul Roberts, managing director for Predictive Discovery, commented: “We are still at an early stage in developing a good geological understanding of the Kokoumbo permit, with only 15 holes drilled so far on three prospects.

"But we do know that gold mineralisation is widespread in the permit and that some high gold grades are present in near-surface material."


Drill results

The diamond drilling program tested three prospects - Kokoumbo Hill, Sereme and Blonzwe.

11 of the 12 holes contained some gold mineralisation at a 0.5 g/t gold cut-off including:

- Kokoumbo Hill Prospect: 7.5 metres at 1.5 g/t gold from 12 metres, including 1.5 metres at 8.89 g/t gold; and 1.5 metres at 14.9 g/t gold from 87 metres.

- Sereme Prospect: 3.0 metres at 1.9 g/t gold from 39 metres; 1.5 metres at 4.1 g/t gold from 1.5 metres; and 1.5 metres at 4.6 g/t gold from 18.7 metres.

Toro is currently completing a separate reverse circulation program on the Boundiali permit in northern Cote D'Ivoire.

Assays from Boundiali are expected soon.


Toro joint venture

Predictive is in joint venture with Toro, a UK-based company, on six granted permits and two permit applications in Cote D’Ivoire.

Predictive now holds 49% and Toro can earn a further 14% by spending US$2.5 million.

At this stage, Predictive plans to contribute 35% of the ongoing expenditure once Toro achieves its 65% equity.


Analysis

Kokoumbo is an early stage project with the first 15 diamond holes suggesting widespread gold mineralisation from surface.

The Predictive share price is up 66% year to date currently trading at circa $0.005.

These drill results continue to validate the benefits of strong land holdings in countries with secure mining codes and histories of major gold discoveries.

The Kokoumbo permit is located some 40-50 kilometres from Newcrest Mining’s (ASX:NCM) Bonikro gold mine and Endeavour’s Agbaou gold mine within the Oume-Fetekro greenstone belt.

Predictive remains leveraged to further exploration success through its joint venture with Toro.

Toro is currently completing a drill program on a large gold soil anomaly at the Boundiali permit in northern Cote D'Ivoire. Assay results are expected soon.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 14 Jun 2016 09:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161259/predictive-discovery-ltd-finds-more-gold-at-kokoumbo-in-cote-divoire-69186.html
<![CDATA[News - Predictive Discovery Ltd's JV partner hits high-grade gold at Kokoumbo ]]> https://www.proactiveinvestors.co.uk/companies/news/161258/predictive-discovery-ltds-jv-partner-hits-high-grade-gold-at-kokoumbo-68590.html Predictive Discovery Ltd (ASX:PDI) has received assays from its first three holes drilled at the Kokoumbo Project in Cote D'Ivoire.

Highlights include 7.5 metres at 16.0 g/t gold from surface including 1.5 metres at 74.2 g/t gold.

Predictive holds 49% equity in the project alongside operator, Toro Gold Limited (Toro).

A total of 15 holes were drilled at Kokoumbo with more assay results expected in the next few weeks.

Paul Roberts, managing director commented: “These are very encouraging initial drill results from surface and confirm the potential to discover good grade mineralisation at Kokoumbo.

"Toro continues to make excellent progress on the Toro Joint Venture tenements both at Kokoumbo and elsewhere with the start of RC drilling of the large gold-in-soil anomaly on the Boundiali permit in northern Cote D’Ivoire.

"We will continue to release drill assay data from both of these programs over the next 2-3 months.”


Drill program background

A 15 diamond drill hole program totalling 1,610 metres was completed in April 2016.

The diamond drilling program tested three prospects: Kokoumbo Hill, Sereme and Blonzwe.

Earlier chip-channel sampling at Kokoumbo Hill included significant results from three of four channel sampled zones including 44 metres at 3.77 g/t gold.

Results of the 12 remaining holes from this initial drill program on the Kokoumbo permit will determine the next phase of exploration.


Toro joint venture

Predictive is in joint venture with Toro, a UK-based company, on six granted permits and two permit applications in Cote D’Ivoire.

Predictive now holds 49% and Toro can earn a further 14% by spending US$2.5 million.

At this stage, Predictive plans to contribute 35% of the ongoing expenditure once Toro achieves its 65% equity.


Analysis

The Predictive share price is up 160% year to date currently trading at circa $0.008.

These recent shallow high grade gold results validate the benefits of strong land holdings in countries with secure mining codes and histories of major gold discoveries.

The Kokoumbo permit is located some 40-50 kilometres from Newcrest Mining’s (ASX:NCM) Bonikro gold mine and Endeavour’s Agbaou gold mine within the Oume-Fetekro greenstone belt.

Predictive is benefiting from a gold price that broke through its 12 month highs over the past two weeks.

With assays from the remaining 12 diamond drill holes to be received over the coming weeks, the company is leveraged to further exploration success at its Kokoumbo project in Cote D'Ivoire.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 13 May 2016 09:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161258/predictive-discovery-ltds-jv-partner-hits-high-grade-gold-at-kokoumbo-68590.html
<![CDATA[News - Predictive Discovery Ltd takes aim at large gold anomaly in Cote D'Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/news/161257/predictive-discovery-ltd-takes-aim-at-large-gold-anomaly-in-cote-divoire-68324.html Predictive Discovery Ltd (ASX:PDI) has identified a 4+ kilometre long, 20 parts per billion, gold-in-soil anomaly at its Ferkessedougou project in Cote D'Ivoire.

The anomaly includes a continuous 2 kilometre long zone with 50 parts per billion gold grades.

Higher grades from the soil sampling included, 0.90 g/t, 0.70 g/t and 0.61 g/t gold (1 g/t = 1000 parts per billion).

Predictive has equity in the project through its joint venture with Toro Gold Limited (Toro).

Drilling will be considered once the drill results from Kokoumbo and Boundiali have been received and assessed.

Paul Roberts, managing director, commented: “These new results confirm yet another promising gold anomaly in our Cote D’Ivoire exploration portfolio.

"Toro’s infill soil sampling has confirmed that Ferkessedougou is our fourth important project in Cote D’Ivoire along with Kokoumbo, Boundiali and Bobosso."


Cote D'Ivoire projects

Predictive is in joint venture with Toro, a UK-based company, on eight permits in Cote D’Ivoire and with XMI SARL, an Ivoirian company, on two additional permits.

This gives Predictive interests in exploration ground covering nearly 4,000 square kilometres.

Toro has earned 51% equity in the joint venture (Predictive: 49%) through exploration payments.

Predictive plans to decrease its equity further to 35% through the expenditure of an additional US$2.5 million by Toro.

Predictive is currently in the process of earning 35% equity under the XMI SARL agreement by funding a series of relatively low cost work programs.


Analysis

The Predictive share price has been on a recent run trading at circa $0.008, up circa 130% year to date.

Predictive's strategy to operate in joint ventures keeps its cash expenditure low while still giving it exposure to sizeable discoveries on multiple projects.

A good example of this is the current soil sampling work which was completed by Predictive's joint venture partner, Toro.

The first batch of drill results from a recently completed 15 hole diamond drill program at Kokoumbo are expected in early May.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 28 Apr 2016 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161257/predictive-discovery-ltd-takes-aim-at-large-gold-anomaly-in-cote-divoire-68324.html
<![CDATA[News - Predictive Discovery Ltd probing for major gold find in Cote D'Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/news/161256/predictive-discovery-ltd-probing-for-major-gold-find-in-cote-divoire-68304.html Predictive Discovery Ltd (ASX:PDI) has made substantial progress on four of its Cote D'Ivoire exploration permits with results imminent.

At Kokoumbo, a 15 hole diamond drill program has finished with the first batch of results expected in early May.

A minimum 3,000 metre reverse circulation drill program will soon commence at Boundiali to test the southern 2 kilometres of a 6 kilometre long gold-in-soil anomaly.

Infill soil geochemistry results at Ferkessedougou are also to be released imminently.

A work program at the Bobosso project has commenced which will involve an initial pitting program testing the prior 7 square kilometre soil anomaly, which averaged 0.4 g/t gold.

Paul Roberts, managing director, commented: “We are very pleased at the large scale and pace of work on Predictive’s exploration permits in Cote D’Ivoire while our own exploration costs remain modest and controlled.

"We have four highly interesting projects, any one of which could generate a major gold discovery, and all of which will be generating new results to report to the ASX from now through to July this year.”


Cote D'Ivoire projects

Predictive is in joint venture with Toro Gold Limited (Toro), a UK-based company, on eight permits in Cote D’Ivoire and with XMI SARL, an Ivoirian company, on two additional permits.

This gives Predictive interests in exploration ground covering nearly 4,000 square kilometres.

Toro has earned 51% equity in the joint venture (Predictive: 49%) through exploration payments.

Predictive plans to decrease its equity further to 35% through the expenditure of an additional US$2.5 million by Toro.

Predictive is currently in the process of earning 35% equity under the XMI SARL agreement by funding a series of relatively low cost work programs.


Kokoumbo permit (Toro joint venture)

The Kokoumbo permit is located some 40-50 kilometres from Newcrest Mining’s (ASX:NCM) Bonikro gold mine and Endeavour’s Agbaou gold mine within the Oume-Fetekro greenstone belt.

15 diamond drill holes totalling 1,610 metres have been drilled in the last two months.

The diamond drilling program tested three prospects: Kokoumbo Hill, a new zone of mineralisation identified in chip-channel sampling in late 2015, Sereme and Blonzwe.

Kokoumbo Hill recorded chip-channel sampling of 44 metres at 3.8 g/t gold and 26 metres at 2.86 g/t gold.


Analysis

Predictive's strategy to operate in joint ventures keeps its cash expenditure low while still giving it exposure to sizeable discoveries.

The company has strong land holdings in countries with secure mining codes and histories of major gold discoveries.

Strong news flow is expected in the near-term, with the company leveraged to exploration success.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 27 Apr 2016 14:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161256/predictive-discovery-ltd-probing-for-major-gold-find-in-cote-divoire-68304.html
<![CDATA[News - Predictive Discovery Ltd and partner intersect visible gold near Ballarat ]]> https://www.proactiveinvestors.co.uk/companies/news/161255/predictive-discovery-ltd-and-partner-intersect-visible-gold-near-ballarat-68071.html Predictive Discovery Ltd (ASX:PDI), through its joint venture with Cape Clear Minerals (CCM), has intersected visible gold in its first round of assays from its drilling program at the British Banner prospect west of Ballarat.

CCM through its recent expenditure of $500,000 will achieve a 75% equity stake in the project leaving Predictive with the remaining 25%.

Drill results include 3.8 metres at 6.7 g/t gold including 1.3 metres at 17.5 g/t and 4.5 metres at 2.4 g/t gold including 0.7 metres at 10.3 g/t.

These assays are from 5 holes that were part of a 7 hole, 2,147 metre diamond drilling program. Results for the remaining 2 holes are expected in the next few weeks.

CCM is proposing to undertake additional drilling, totalling 2,250 metres and Predictive is currently considering whether or not to contribute 25% of the cost of this drilling program.

The drill results to date indicate that there is a broad zone of gold-anomalous quartz veining. CCM’s drilling has demonstrated that this zone extends for at least 400 metres along strike and is open to the north and south.


West Africa

Predictive is exploring for large, open-pittable gold deposits in West Africa with interests in 1,500 square kilometres of ground in Burkina Faso and 3,137 square kilometres of ground in Côte D’Ivoire.

The most developed gold prospect is the Bongou gold deposit in eastern Burkina Faso.

Bongou declared a maiden resource of 2.2 million tonnes at 2.6 g/t gold for 184,000 ounces of gold and has since become the focus on Predictive’s Burkina strategy.

An exploration target has been calculated of 460,000 to 563,000 ounces of gold on drilled prospects near the company's Bongou gold deposit.

Drilling programs have since identified new gold mineralisation at a number of locations within 10 kilometres of the project.

Predictive operates the Côte D’Ivoire ground with its joint venture partner, unlisted UK company Toro Gold Limited.

Toro can earn a 51% interest in Predictive Discovery's Cote D’Ivoire SARL, which holds Predictive’s interest in the four permits, by spending US$1 million on exploration and option payments.

Diamond drilling is underway on the Beriaboukro permit, adjacent to the Kokoumbo permit, following discovery of gold mineralisation in 2015.

The Kokoumbo permit is located some 40-50 kilometres from Newcrest Mining’s (ASX:NCM) Bonikro gold mine and Endeavour’s Agbaou gold mine within the Oume-Fetekro greenstone belt.


Upcoming assays

These results are the first in a series of drill assay results to be released to the market over the next few months.

In addition to the drilling near Ballarat, Predictive's joint venture partner in Cote D’Ivoire, Toro Gold Limited, is currently diamond drilling the Kokoumbo permit and will start reverse circulation drilling soon on the Boundiali permit, both of which are following up encouraging gold geochemical results.


Analysis

While the Bongou gold deposit remains Predictive's flagship asset, the company has exploration in progress in Australia and Cote D’Ivoire making for a strong pipeline of newsflow.

Predictive's strategy to operate in joint ventures keeps its cash expenditure low while still giving it exposure to sizeable discoveries.

The company has strong land holdings in countries with secure mining codes and histories of major gold discoveries.

 

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Thu, 14 Apr 2016 11:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161255/predictive-discovery-ltd-and-partner-intersect-visible-gold-near-ballarat-68071.html
<![CDATA[News - Predictive Discovery Ltd and Toro Gold make gains in Cote D’Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/news/161254/predictive-discovery-ltd-and-toro-gold-make-gains-in-cote-divoire-67739.html Predictive Discovery Ltd (ASX:PDI) and its joint venture partner, unlisted UK company Toro Gold Limited, have effectively doubled their area of ground within the Toro JV in Cote D’Ivoire, to 3,137 square kilometres from 1,537 square kilometres.

Toro can earn a 51% interest in Predictive Discovery's Cote D’Ivoire SARL, which holds Predictive’s interest in the four permits, by spending US$1 million on exploration and option payments.

The addition of four more permits enhances the prospects of the joint venture to make a major gold discovery, given promising early exploration results to date.

Adding to the promise, the permits are located in a region of major gold discoveries; the joint venture now holds a strategic 800 square kilometre contiguous block in the very well mineralised greenstone belt which hosts Newcrest Minerals' (ASX:NCM) operating Bonikro mine and Endeavour's Agbaou gold mine.

Diamond drilling is underway on the Beriaboukro permit, adjacent to the Kokoumbo permit, following discovery of gold mineralisation in 2015.

Beriaboukro lies directly to the south of the Kokoumbo permit, where earlier chip-channel samples collected in November 2015 provided significant promise including these:

- 44 metres at 3.8g/t gold, including 2 metres at 25.7g/t gold; and 26 metres at 2.9g/t gold.

Therefore, news flow will gain a big boost with the high impact 1,500 metres diamond drilling program underway at Kokoumbo and a 2,000 metre reverse circulation program at Boundiali, due to commence in April.

Paul Roberts, managing director for Predictive, commented, "We are very pleased with the excellent progress in our joint venture with Toro in Cote D’Ivoire.

"Geochemical results obtained to date on 3 of the 4 original permits have been highly encouraging and drilling is now under way.

"The addition of 4 more permits announced today increases the probability of making a major discovery on the joint venture ground and adds to the optionality of Predictive as a whole."


New tenements

The Toro JV operates through Predictive Cote D’Ivoire SARL and entered into a joint venture with a local Ivoirian company, Gold Ivoire Minerals SARL (GIV) over 1,600 square kilometres of ground, consisting of two permits and two permit applications.

Of these, the two granted permits, Beriaboukro (also known as Toumodi) and Ferkessedougou North, are of most exploration interest, and are both located on known gold-mineralised greenstone belts and returned the promising results.


Kokoumbo permit

The Kokoumbo permit is located some 40-50 kilometres from Newcrest Mining’s (ASX:NCM) Bonikro gold mine and Endeavour’s Agbaou gold mine within the Oume-Fetekro greenstone belt.

Recent large scale artisanal mining has exposed large areas of bedrock. Discussions by the joint venture partners with artisanal miners suggest that much of it is auriferous.

Further, conversations with some of them suggest that a significant proportion of the material they have removed is gold-bearing.

Large areas of exposure generated by artisanal miners in the past year can suggest that a substantial mineralised system could be present.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 29 Mar 2016 09:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161254/predictive-discovery-ltd-and-toro-gold-make-gains-in-cote-divoire-67739.html
<![CDATA[News - Predictive Discovery Ltd among ASX % Gainers intra-day ]]> https://www.proactiveinvestors.co.uk/companies/news/161253/predictive-discovery-ltd-among-asx-gainers-intra-day-67434.html Thursday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume Predictive Discovery Ltd PDI $0.003 50% 2,000,000 Norwest Energy NL NWE $0.003 50% 300,000 Range Resources Ltd RRS $0.007 40% 200,000 Redstone Resources Limited RDS $0.008 33.33% 607,766 Planet Gas Limited PGS $0.004 33.33% 939,996 Laneway Resources Ltd LNY $0.004 33.33% 250,000 Tasmania Mines Limited TMM $1.600 33.33% 200 Altura Mining Ltd AJM $0.130 30% 15,264,430 Regal Resources Limited RER $0.018 28.57% 310,068 Black Rock Mining Ltd BKT $0.067 24.53% 3,446,401

 

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Thu, 10 Mar 2016 13:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161253/predictive-discovery-ltd-among-asx-gainers-intra-day-67434.html
<![CDATA[News - Predictive Discovery Ltd: Toro Gold drilling in the Cote D’Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/news/161252/predictive-discovery-ltd-toro-gold-drilling-in-the-cote-divoire--67433.html Predictive Discovery Ltd (ASX:PDI) and UK-based Toro Gold Ltd have started drilling at the Kokoumbo permit in the Cote D’Ivoire following discovery of gold mineralisation in December 2015.

Chip-channel samples taken across exposed shears demonstrated that gold mineralisation occurs across significant widths.

The Kokoumbo permit is located some 40-50 kilometres from Newcrest Mining’s (ASX:NCM) Bonikro gold mine and Endeavour’s Agbaou gold mine within the Oume-Fetekro greenstone belt.

In December 2015, chip-channel sampling by privately owned Toro Gold in the Kokoumbo Hill prospect returned:

- 44 metres at 3.8g/t gold including 2 metres at 25.7g/t gold, and 26 metres at 2.9g/t gold.

Recent large scale artisanal mining has exposed large areas of bedrock. Discussions with artisanal miners suggest that much of it is auriferous.

The company said that conversations with some of them suggest that a significant proportion of the material they have removed is gold-bearing.

While the orientation, width and bulk grade of the gold-bearing zones is not yet clear, the scale of the exposures and the results of the chip-channel samples suggest that broad gold mineralised widths may be present.

Diamond drilling will target the gold mineralisation encountered in the channels.

First drill results are expected in late April.

Paul Roberts, Predictive’s managing director said: "Large areas of exposure generated by artisanal miners in the past year suggest that a substantial mineralised system could be present.

"With RC drilling planned for the northern Boundiali permit in April, we can expect significant newsflow from two drill programs in the coming months.

"Drilling is now underway in the Toro Gold JV, less than 12 months after the full JV Agreement was signed. Toro’s recent work has demonstrated that there is a new style of mineralisation on Kokoumbo Hill with significant gold grades in the near surface, which is untested by previous drilling."


Exploration

The drilling is being carried out using a man-portable rig which can be placed at drill sites on the flank of Kokoumbo Hill without requiring bulldozer access. First drill results are expected in 4-6 weeks.

Toro’s mapping of the exposed area has identified outcrops of a quartz-bearing diorite/granodiorite which appears to contain better gold grades than the adjacent mafic rocks in chip-channel sampling.

Similar intrusive felsic rocks are known to be associated with gold mineralisation elsewhere in this greenstone belt at the Bonikro and Agbaou Mines, where bulk mineable gold mineralisation is currently being extracted.


JV Details

Predictive is in a Joint Venture with Toro Gold Limited (Toro), a UK-based company, on four permits in Cote D’Ivoire.

Toro can earn a 51% interest in Predictive Discovery's Cote D’Ivoire SARL (Predictive CI), which holds Predictive’s interest in the four permits, by spending US$1 million on exploration and option payments.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 10 Mar 2016 11:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161252/predictive-discovery-ltd-toro-gold-drilling-in-the-cote-divoire--67433.html
<![CDATA[News - Predictive Discovery Ltd confirms strong gold-in-soil anomaly in Cote D’Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/news/161251/predictive-discovery-ltd-confirms-strong-gold-in-soil-anomaly-in-cote-divoire-67157.html Predictive Discovery Ltd (ASX:PDI) has received confirmation from its joint venture partner in Ivory Coast that the previously discovered gold-in-soil anomaly at the Boundiali permit was both strong and coherent.

Predictive revealed that partner Toro Gold had received results of infill soil sampling at Boundiali, which supported and enlarged the discovery reported earlier at the project, which sits just south of Resolute Mining’s multi-million-ounce Syama gold mine in Mali.

In October last year, Toro said it had found a 5.6 kilometre long gold-in-soil anomaly, with values up to 2.1 g/t gold.

In the latest soil sampling, “a strong and coherent 2 kilometre long soil anomaly” at the southern end of the 5.6 kilometre zone has now been defined on a 200m x 50 metre sample density, which Toro plans to start drilling with a reverse circulation rig in April.

Paul Roberts, managing director, commented: “These new results confirm the importance and prospectivity of the Boundiali soil anomaly.

“The consistency of gold-in-soil results at the southern end of the zone is particularly encouraging. We anticipate the results of Toro’s drilling program with great interest,” Roberts said.

The Boundiali permit lies on the rich greenstone belt which straddles several West African nations. Apart from Resolute’s Syama, Boundiali is close to the Tongon mine, also in Ivory Coast, operated by Randgold Resources.

There are a further 11 other major gold mines, or soon-to-be gold mines, in the surrounding nations of Ghana, Mali and Burkina Faso.

Predictive is in joint venture with Toro Gold on four permits in Ivory Coast and Toro can earn a 51% interest in these permits by spending US$1 million on exploration and option payments.


Analysis

Toro previously carried out a soil sampling program covering the entire Boundiali permit on 800 metre spaced lines. Samples were collected 100 metres apart on each line and, initially, only every second sample was submitted for analysis.

Subsequently, 100m spaced infill samples were assayed selectively in areas of soil gold anomalies.

More than 2,850 infill soil samples were collected on either 400 x 100m or 200 x 50m sample spacings in areas of encouraging gold results obtained from the initial 800 x 100m sample grid. These samples were analysed for gold by fire assay at the ALS laboratory at Loughrea in Ireland.

The new infill results reinforced the earlier reported assays, highlighting three areas of coherent soil anomalies. Peak values of 2.1g/t, 1.3g/t and 1.0g/t gold were obtained in the infill sampling program.

This work has shown that the southern 2 kilometre of the largest (6 kilometre long) anomaly is of particular interest with very clear line-to-line continuity.

Elsewhere, two other coherent anomalies have been highlighted, both of which lie upstream of BLEG stream sediment anomalies recorded by Predictive in its initial exploration of the permit.

Of these, the south-eastern anomaly coincides with an isolated, high-grade rock chip sample containing 90g/t gold or 3 ounces per tonne gold.

Predictive has a West African focus with main areas of activity in Burkina Faso and Ivory Coast, where it has a combined ground position of 4,200 square kilometres.

Predictive aims to discover gold ore resources exceeding two million ounces which could be profitably mined in a stand-alone operation in each of its target areas. The company also holds ground in Australia.

Predictive is a technology-based explorer that aims to make high value gold ore discoveries efficiently using Predictore technology.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 23 Feb 2016 13:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161251/predictive-discovery-ltd-confirms-strong-gold-in-soil-anomaly-in-cote-divoire-67157.html
<![CDATA[News - Predictive Discovery Ltd adds David Kelly to board ]]> https://www.proactiveinvestors.co.uk/companies/news/161250/predictive-discovery-ltd-adds-david-kelly-to-board-66696.html West Africa-focused gold explorer Predictive Discovery (ASX:PDI) has added geological and mining expertise to its leadership with the appointment of geologist David Kelly as non-executive director.

Kelly is a nonexecutive director of Cambodia-focused gold developer Renaissance Minerals (ASX:RNS) and a director of independent mining advisory house Optimum Capital.

He has almost 30 years of background in the resources sector, bringing in experience not only in geology, but in areas of strategic analysis, project evaluation and corporate advice.

The appointment comes as Predictive continues to add value to its growing West African portfolio by advancing a major new opportunity in Cote D'Ivoire.

Predictive has now received a permit grant over the underexplored Bobosso gold mineralised system in Cote D’Ivoire, which brings the company's holdings in the country to more than 2,300 square kilometres in five highly prospective belts.

This milestone follows an agreement with an Ivoirian company by which Predictive would provide and/or arrange financing and exploration management on an 800-square-kilometre ground package.

Predictive is a technology-based explorer that aims to make high value gold ore discoveries efficiently using the Predictore® technology.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 25 Jan 2016 10:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161250/predictive-discovery-ltd-adds-david-kelly-to-board-66696.html
<![CDATA[News - Predictive Discovery Ltd expands in West Africa as gold plans accelerate ]]> https://www.proactiveinvestors.co.uk/companies/news/161249/predictive-discovery-ltd-expands-in-west-africa-as-gold-plans-accelerate-66221.html Predictive Discovery (ASX:PDI) continues to add value to its growing West African portfolio, most recently by advancing a major new opportunity in Cote D'Ivoire.

Predictive has now received a permit grant over the underexplored Bobosso gold mineralised system in Cote D’Ivoire, which brings the company's holdings in the country to more than 2,300 square kilometres in five highly prospective belts.

This milestone follows an agreement earlier this year with an Ivoirian company by which Predictive would provide and/or arrange financing and exploration management on an 800-square-kilometre ground package.

Historic drilling at Bobosso has included 5 metres at 20.6 g/t gold from 48 metres, 7 metres at 9.5 g/t gold from 26 metres and 32 metres at 1.9 g/t gold from 12 metres.

Other intercepts at the site have recorded 35 metres at 1.6 g/t gold from 65 metres and 2 metres at 29.2 gold from 66 metres while a 7-square-kilometre gold-in-soil anomaly has been evaluated to have an average grade of 0.4 g/t gold.
 
Significantly, this soil anomaly has been only partially tested by reverse circulation drilling and numerous untested gold-in-soil anomalies have been identified along strike.

The two permit areas controlled by Predictive which constitute Bobosso were previously covered by a single exploration permit that was granted to Equigold in 1997, then passed onto Lihir Gold and subsequently to Newcrest Mining following the successive mergers of those companies.

The ground was surrendered last year because of the age of the permit, which was well beyond the normal time for exploration envisaged by the Cote D’Ivoire Mines Administration.

Predictive’s exploration will now start quickly at Bobosso while the company seeks additional project-level funding to enable a significant drilling program in 2016.


Project advantages

There are few or no villagers or farms directly on the Bobosso gold-in-soil geochemical anomaly, but past explorer relationships with what local villagers are in the area have been positive.
 
There are signs of recent artisanal mining activity but government officials have recently been actively discouraging artisanal mining in this area.

Local infrastructure is generally quite good. The nearest town, Dabakala, is connected to Cote D’Ivoire’s sealed road network and is a 90-minute drive from the project area.

There is also a substantial power line which runs within a few kilometres of the Bobosso gold anomaly.

Predictive’s initial outlay of about A$58,000 in the Bobosso arrangement is modest but will immediately give the company a 15% equity in the project.

A two-year right to raise funds will subsequently maximise the company’s ability to retain control of the project.

Bobosso lies within a regionally diversified portfolio of Predictive gold projects in Cote D'Ivoire, four of which are managed under a joint venture with private exploration and development company Toro Gold Limited.

Under this agreement, Toro will spend US$1 million to earn 51% in Predictive's local subsidiary, which controls 1,533 square kilometres of gold project areas.

These tenements include the Kokoumbo permit which hosts 6-kilometre and 2-kilometre long gold-in-soil anomalies and chip channel results of mineralised exposures of up to 44 metres at 3.8g/t gold and the Boundiali permit where a 5.6-kilometre long gold-in-soil geochemical anomaly has a peak value of 0.8 g/t gold.


Burkina Faso

As Predictive's expansive Cote D'Ivoire portfolio improves its exploration profile, the company's largest shareholder, Aurora Minerals (ASX:ARM), has supported parallel advancements in the country's northern neighbour of Burkina Faso.

Recent progress on this front has included the calculation of an exploration target of 460,000 to 563,000 ounces of gold on drilled prospects near the company's Bongou gold deposit.

This target is expected to be followed up with infill drilling in order to define resources over the next two years.

Bongou declared a maiden resource last year of 2.2 million tonnes at 2.6 g/t gold for 184,000 ounces of gold and has since become the focus on Predictive’s Burkina strategy.

This led to a 3,854-metre drilling program in May identifying new gold mineralisation at a number of locations within 10 kilometres of the project.

Around the country, Predictive holds rights to explore 12 granted exploration permits covering a total area of 1,604 square kilometres.

The bulk of the ground held lies within ten permits which are known collectively as the Bonsiega project.

Bonsiega covers 100 kilometres of greenstone belt along strike from the Samira Hill gold mine in Niger and includes many active artisanal gold mining sites.


Analysis

Predictive is in a strong position to further develop its enticing and expanding West African gold holdings, with a newly confirmed A$1.3 million capital raising demonstrating support from current investors and market appetite for the highly prospective nature of the company’s key projects.

Following this well subscribed rights issue and the ongoing exploration results from the Cote D’Ivoire joint venture with Toro, the company is in good shape to deliver solid newsflow of exploration results in 2016.

Predictive was debt free as of the end of September and has enough cash to sustain its operations for at least 18 months.

Grant of the second permit at Bobosso is a significant milestone for the company as it gears up for drilling at this site, which has clear shallow potential.

Near-term price catalysts for the company could include advances in geological mapping of Bobosso, re-logging of drill samples of key mineralised areas and ground follow-up of gold anomalous areas to identify potential future drill targets.

At the same time, Toro Gold continues its aggressive exploration program elsewhere in Cote D’Ivoire, leading to drilling in the March Quarter, providing significant newsflow.

Other upcoming work will include metallurgical testing of shallow gold-bearing material and drill planning based on 3D interpretations of target mineralised zones.

Predictive will seek additional funding to enable drilling of high-priority mineralised zones without dilutive capital raisings by the company itself.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 17 Dec 2015 08:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161249/predictive-discovery-ltd-expands-in-west-africa-as-gold-plans-accelerate-66221.html
<![CDATA[News - Predictive Discovery to increase cash position ]]> https://www.proactiveinvestors.co.uk/companies/news/161248/predictive-discovery-to-increase-cash-position-65476.html Predictive Discovery's (ASX:PDI) shares are currently in pre-open, following the ASX granting the company a trading halt.

The West African gold-explorer requested the halt pending capital raising details.

The halt will remain in place until the opening of trade on Tuesday 10th November 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 09 Nov 2015 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161248/predictive-discovery-to-increase-cash-position-65476.html
<![CDATA[News - Predictive Discovery finds more gold in Burkina Faso ]]> https://www.proactiveinvestors.co.uk/companies/news/161247/predictive-discovery-finds-more-gold-in-burkina-faso-63532.html Predictive Discovery (ASX:PDI) has discovered more gold drilling at its West African project in Burkina Faso.

Shallow drilling on areas within 10 kilometres of the Bongou gold discovery has returned intersections including 9 metres at 2.8g/t gold from 4 metres and 3 metres at 3.9g/t gold from 17 metres.

The program that began in May was all about adding more gold to the current resource of 184,000 ounces in the Inferred and Indicated categories with an average grade of 2.6g/t gold including 136,000 ounces at 3.8g/t gold.

Around 100 exploration targets were mapped near the high Bongou gold discovery for further exploration.

Next steps for the exploration program in Burkina Faso after the 2014-15 completed field season is to design a new drill program.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 20 Jul 2015 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161247/predictive-discovery-finds-more-gold-in-burkina-faso-63532.html
<![CDATA[News - Predictive Discovery to raise funds ]]> https://www.proactiveinvestors.co.uk/companies/news/161246/predictive-discovery-to-raise-funds-57851.html Predictive Discovery (ASX:PDI) is heading to market with a capital raising.

The ASX has granted the company a trading halt, with its shares placed in pre-open.

Last week the company outlined that following the release of a Resource Estimate for the Bongou Gold Deposit in Burkina Faso, it has undertaken a comprehensive review of its West African properties and exploration strategy.

This includes seeking joint venture partners.

Predictive Discovery has recently farmed out its remaining Australian exploration property and is in advanced discussions regarding its Cote D’Ivoire properties.

The halt will remain in place until the opening of trade on Wednesday 1st October 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 29 Sep 2014 12:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161246/predictive-discovery-to-raise-funds-57851.html
<![CDATA[News - Predictive Discovery restarts drilling at Bongou gold discovery, Burkina Faso ]]> https://www.proactiveinvestors.co.uk/companies/news/161245/predictive-discovery-restarts-drilling-at-bongou-gold-discovery-burkina-faso-52563.html Predictive Discovery (ASX: PDI) may trade firmer today after confirmation of new drilling at its Bongou gold project in Burkina Faso.
 
The 2,000 metre diamond drilling program is to commence on February 10th, following on from broad, high grade gold hits in 2013.

These included true width intersections of 52 metres at 3.2 grams per tonne gold from 99 metres, and 24.5 metres at 4.9 grams per tonne gold, contained within 47 metres at 3.2 grams per tonne gold from 215 metres.

Drilling will test for extensions to Bongou gold mineralised granite at depth and along strike, followed by trenching to follow up a new Bongou-like mineralised zone, 500 metres to the north-west.

A geophysical survey along strike will to test for more concealed granite bodies, and metallurgical testwork is planned for March.

Predictive is fully funded to carry out this exploration program after placing $1.1 million in shares at $0.016 in late January, which brought its cash balance up to $2.3 million.

Predictive is capitalised at $5.8 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 06 Feb 2014 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161245/predictive-discovery-restarts-drilling-at-bongou-gold-discovery-burkina-faso-52563.html
<![CDATA[News - Predictive Discovery raises $1.065M for Burkina Faso, Cote D’Ivoire exploration ]]> https://www.proactiveinvestors.co.uk/companies/news/161244/predictive-discovery-raises-1065m-for-burkina-faso-cote-divoire-exploration-52312.html Predictive Discovery (ASX: PDI) has raised $1.065 million to continue exploration at its Burkina Faso and Cote D’Ivoire permits, particularly the Bongou Prospect in Eastern Burkina Faso.

The funds were raised through a placement of 66.6 million shares priced at $0.016 per share.

Further funds will raised through a Share Purchase Plan offering shareholders up to $15,000  worth of shares.

The company had recently intersected thick gold zones at Bongou.

Notable results included 68 metres at 3.2g/t gold, including 8 metres at 10g/t gold. This follows previous results of 47 metres at 3.2g/t gold, 41 metres at 2.8g/t gold and 58 metres at 2g/t gold.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 30 Jan 2014 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161244/predictive-discovery-raises-1065m-for-burkina-faso-cote-divoire-exploration-52312.html
<![CDATA[News - Predictive Discovery off to market ]]> https://www.proactiveinvestors.co.uk/companies/news/161243/predictive-discovery-off-to-market-52178.html West African gold-explorer Predictive Discovery (ASX: PDI) is heading to market with a capital raising, with the Australian Stock Exchange this morning granting the company a trading halt.

Predictive's shares are currently in pre-open.

Recently the company unfurled: 68 metres at 3.2g/t gold, including 8 metres at 10g/t gold at Bongou, which is located in eastern Burkina Faso.

The halt will remain in place until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 29th January 2014.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 24 Jan 2014 11:20:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161243/predictive-discovery-off-to-market-52178.html
<![CDATA[News - Predictive Discovery hits 68m at 3.2g/t gold at Bongou, Burkina Faso ]]> https://www.proactiveinvestors.co.uk/companies/news/161242/predictive-discovery-hits-68m-at-32gt-gold-at-bongou-burkina-faso-51169.html Predictive Discovery (ASX: PDI) has intersected 68 metres at 3.2 grams per tonne gold from 99 metres at its Bongou prospect in Burkina Faso.

The interval's true width was 52 metres and included 8 metres at 10.2 grams per tonne over 6 metres true width.

This follows recently announced results from the first five holes of:

- 47 metres at 3.2g/t gold from 215 metres including 24.5 metres at 4.9g/t gold;
- 41 metres at 2.8g/t gold from 144 metres including 6 metres at 7.8g/t and 8 metres at 4.5g/t gold;
- 58 metres at 2g/t gold from 14 metres including 5 metres at 7.3g/t gold; and
- 11 metres at 3.1g/t gold from 166 metres including 3.8 metres at 5.7g/t gold.

The wide zones of gold mineralisation provide evidence the strike could increase at depth, increasing tonnage potential, and confirms a substantial high grade component in the hanging wall position.

Bongou is located in the south-western portion of the Bonsiega Project tenements in eastern Burkina Faso.

It underlies artisanal workings which form an irregular open pit about 150 metres long and 50 metres wide.

Prior exploration by the company had included rock chip sampling, trenching, ground geophysical surveys and reverse circulation drilling that had returned up to 39.6 metres at 4.3g/t gold and 35.5 metres at 5g/t gold.

Gold mineralisation at Bongou is contained within an intensely silicified and quartz veined, pyrite-bearing granite intrusion.

Whichever way it is sliced, the results are very encouraging, having already discovered two gold geochemical anomalies, which suggest more granite-hosted gold mineralisation, within a few hundred metres of the Bongou drilling.

Predictive's tenements are within the Samira Hill greenstone belt in Eastern Burkina Faso, which hosts the 2.5 million ounce Samira Hill gold mine across the border in Niger. 

Predictive owns permits which cover both Bongou and any possible extensions along the Bongou structure over a strike length of 42 kilometres within Predictive's tenements.

 

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Mon, 16 Dec 2013 09:40:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161242/predictive-discovery-hits-68m-at-32gt-gold-at-bongou-burkina-faso-51169.html
<![CDATA[News - Predictive Discovery hits thick, high grade gold at Burkina Faso gold project ]]> https://www.proactiveinvestors.co.uk/companies/news/161241/predictive-discovery-hits-thick-high-grade-gold-at-burkina-faso-gold-project-50759.html Predictive Discovery’s (ASX: PDI) drilling has hit new heights at its Bonsiega gold project in Burkina Faso with thick, meaty gold intercepted that could be the cusp of a large high grade gold discovery.  Shares should trade significantly higher this morning.

For those that took the recent placement at $0.019 in October, it is money in the bank.

Its drilling at the Bongou Gold Prospect intersected wide zones of gold mineralisation that provide evidence the strike could increase at depth, increasing its tonnage potential.

It also confirmed a consistent, substantial high grade component in the hanging wall position.

Notable results from the first five holes are:

-    47 metres at 3.2g/t gold from 215 metres including 24.5 metres at 4.9g/t gold;
-    41 metres at 2.8g/t gold from 144 metres including 6 metres at 7.8g/t and 8 metres at 4.5g/t gold;
-    58 metres at 2g/t gold from 14 metres including 5 metres at 7.3g/t gold; and
-    11 metres at 3.1g/t gold from 166 metres including 3.8 metres at 5.7g/t gold.

Assays from the other holes in the program are expected in the next few weeks.

These results take the company a step closer towards making a large, transformative high grade gold discovery in the country.

It has already discovered two anomalies that are indicative of granite-hosted gold mineralisation within a few hundred metres of the Bongou drilling and has identified multiple untested targets within a few kilometres along strike from the prospect.

The company will now focus on discovering more Bongou-style gold mineralisation.

Planned exploration includes reverse circulation and diamond drilling for extensions at Bongou, exploration along strike for additional Bongou-style mineralisation and metallurgical test work.

Bongou

Bongou is located in the south-western portion of the Bonsiega Project tenements in eastern Burkina Faso.

It underlies artisanal workings which form an irregular open pit about 150 metres long and 50 metres wide.

Prior exploration by the company had included rock chip sampling, trenching, ground geophysical surveys and reverse circulation drilling that had returned up to 39.6 metres at 4.3g/t gold and 35.5 metres at 5g/t gold.

Gold mineralisation at Bongou is contained within an intensely silicified and quartz veined, pyrite-bearing granite intrusion.

Whichever way it is sliced, the results are very encouraging, having already discovered two gold geochemical anomalies, which suggest more granite-hosted gold mineralisation, within a few hundred metres of the Bongou drilling. 

Predictive's tenements are within the Samira Hill greenstone belt in eastern Burkina Faso  This belt hosts the 2.5 million ounce Samira Hill gold mine across the border in Niger.  Predictive owns permits which cover both Bongou and any possible extensions along the Bongou structure over a massive strike length of 42 kilometres within Predictive's tenements.

So with multiple untested targets within a few kilometres along strike from the prospect, it is game on for Predictive.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 02 Dec 2013 12:40:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161241/predictive-discovery-hits-thick-high-grade-gold-at-burkina-faso-gold-project-50759.html
<![CDATA[News - Predictive Discovery raises funds for high-grade gold project in Burkina Faso ]]> https://www.proactiveinvestors.co.uk/companies/news/161240/predictive-discovery-raises-funds-for-high-grade-gold-project-in-burkina-faso-47614.html Predictive Discovery (ASX: PDI) is raising up to $1.2 million from a placement of 63.2 million shares at $0.019, with commitments already received for $1.1 million of this.

Showing strong support for PDI's gold operations in Burkina Faso, African Lion 3 Fund are contributing $500,000 to the placement, along with a new director to the PDI board.

PDI's focus is on the high grade Bongou Prospect, where reverse circulation has previously delivered some higher grade broad results such as: 48 metres at 4.3g/t gold from 34 metres, including 16 metres at 9.7g/t gold.

A highlight for Bongou is that it has returned a 94% gold recovery from primary gold mineralisation in preliminary metallurgical testwork.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.   

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Thu, 05 Sep 2013 13:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161240/predictive-discovery-raises-funds-for-high-grade-gold-project-in-burkina-faso-47614.html
<![CDATA[News - Predictive Discovery to raise capital for Burkina Faso gold quest ]]> https://www.proactiveinvestors.co.uk/companies/news/161239/predictive-discovery-to-raise-capital-for-burkina-faso-gold-quest-47495.html West-African focused Predictive Discovery (ASX: PDI) is preparing to launch a capital raising, with the ASX granting the company a trading halt - with its shares placed in pre-open.

Planned exploration for PDI in the September includes: Burkina Faso data analysis during wet season including Dave Prospect geological study; and commencement of separately funded, reconnaissance field programs on new ground in Cote D’Ivoire.

In Burkina Faso, PDI’s tenement holding covers around 100 kilometres of strike length in the Samira Hill greenstone belt, located in the east of the country.

Highlighting the prospectivity of the belt, it hosts the 2.5 million ounce Samira Hill gold mine across the border in Niger and contains numerous active artisanal gold mine sites along its length.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 5th September 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 03 Sep 2013 14:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161239/predictive-discovery-to-raise-capital-for-burkina-faso-gold-quest-47495.html
<![CDATA[News - Predictive Discovery uses 'Predictore® technology' to build Cote d’Ivoire gold portfolio ]]> https://www.proactiveinvestors.co.uk/companies/news/161238/predictive-discovery-uses-predictore-technology-to-build-cote-divoire-gold-portfolio-45302.html Predictive Discovery (ASX: PDI) has increased its exposure to the West African gold exploration sector, and has added a new prospect and grant of a further permit application of the company's Cote d’Ivoire portfolio.

The increased exposure in Cote d’Ivoire will leverage the company's skill base already in the area, and will be funded separately to maintain primary focus on Burkina Faso.

PDI conducted an extensive technical approach over two years which included a country-wide assessment using the Predictore® technology previously applied successfully in Burkina Faso.

The Kokumbo permit covers 400 square kilometres with extensive artisanal workings, and importantly is in the same belt as Bonikro gold mine where PDI is earning 90%.

Ferkessedougou in the north of the country covers 390 square kilometres, and was the highest priority areas highlighted by PDI’s Predictore® analysis of the country and is reported to contain a series of gold occurrences.


Burkina Faso

In May this year PDI returned some promising broad intersections from the Bongou discovery in Burkina Faso using power augar drilling, which included: 48 metres at 4.3g/t gold from 34 metres; and 26 metres at 6.9g/t gold from 111 metres.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 08 Jul 2013 14:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161238/predictive-discovery-uses-predictore-technology-to-build-cote-divoire-gold-portfolio-45302.html
<![CDATA[News - Predictive Discovery hits high grade gold in Burkina Faso ]]> https://www.proactiveinvestors.co.uk/companies/news/161237/predictive-discovery-hits-high-grade-gold-in-burkina-faso-41851.html Predictive Discovery (ASX: PDI) has tasted exploration success in Burkina Faso, delivering broad high grade gold zones at the Bongou Prospect, which is part of the Bonsiega Gold Project.

Predictive is testing prospects which show the most promising combination of ore continuity, gold grade and width.

The new drill results have shown that the Bongou Prospect is delivering this in spades.

Highlights from the most recent reverse circulation holes include:

- 48 metres at 4.3g/t gold from 34 metres, including 16 metres at 9.7g/t gold; and
- 23 metres at 6.9g/t gold from 111 metres, including 16 metres at 8.9g/t gold.

The importance of these latest results is that they augment previous drill results such as:

- 54 metres at 2.1g/t gold from 36 metres, including 20 metres at 4.8g/t gold;
- 10 metres at 7.4g/t gold from 47 metres;

Managing director Paul Roberts would no doubt be encouraged by the discovery of a high grade zone which appears to correlate from hole to hole with average grades to date of about 10g/t Au.

However, it is the potential for multiple zones of Bongou-style gold mineralisation in the large, and mostly unexplored fault zone which passes through Bongou and extends for 43km of strike length within Predictive’s ground that is a pointer to future likelihood of success.

Recognition of the Bongou gold mineralisation style has opened up a large new area for exploration within the Bonsiega Gold Project permit group.

The ongoing exploration program includes additional drilling, ground geophysics and geochemical drilling of nearby targets and preliminary metallurgical test work of gold mineralised reverse circulation samples.

The company had $3 million in cash at the end of December 2012.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 10 Apr 2013 17:10:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161237/predictive-discovery-hits-high-grade-gold-in-burkina-faso-41851.html
<![CDATA[News - Predictive Discovery finds up to 7 grams per tonne gold in Burkina Faso ]]> https://www.proactiveinvestors.co.uk/companies/news/161236/predictive-discovery-finds-up-to-7-grams-per-tonne-gold-in-burkina-faso-38562.html Predictive Discovery (ASX: PDI) has uncovered broad widths of gold mineralisation at its Bongou Prospect in Burkina Faso including 10 metres at 7.4 grams per tonne (g/t), representing a new style of gold mineralisation.

This has increased the resource discovery potential within the broader Bonsiega Gold Project.

An eight hole, 1,263 metre reverse circulation drilling program completed in December has led to the discovery of broad intercepts of continuous gold mineralisation.

Two high grade intersections point to a high grade component to the mineralisation.

Notable intersections were:

- 10 metres at 7.4g/t gold from 47 metres;
- 102 metres at 1.1g/t gold from 4 metres, including 14 metres at 3g/t gold from 6 metres and 14 metres at 1.3g/t gold; and
- 70 metres at 1.2g/t gold from 62 metres to end of hole, including 18 metres at 1.8g/t gold from 82 metres, 10 metres at 1.6g/t gold from 109 metres and 7 metres at 2.1g/t gold.

A regional assessment shows that the mineralisation occurs on a major fault zone which extends for 43 kilometres on ground held or under application by Predictive.

Apart from Predictive’s recent drilling at Bongou, there has been no effective exploration of this fault zone.

Recognition of the Bongou gold mineralisation style has opened up a large new area for exploration within the Bonsiega Gold Project permit group.

Demonstrating the exploration upside, just 240 metres of strike has been tested so far, providing strong potential to extend Bongou and discover further Bongou-style mineralisation in the immediate vicinity and in separate targets further along strike.

The gold mineralisation is open to the southwest.

Further adding to the potential of the project, an interpreted pyritic alteration in a separate zone 150 metres to the west has been identified by ground geophysics.

Additionally, microgranite outcrops have been mapped 400 metres to the west, and two high priority target areas have been identified 4 kilometres and 10 kilometres northeast of Bongou.

The Bongou Prospect is located within the Laterite Hill Gold Field in Eastern Burkina Faso.

It covers artisanal workings forming an irregular open pit about 150 metres long and 50 metres wide.

Past exploration by Predictive included rock chip sampling, trenching and completion of one hole in 2012 which intersected 54 metres at 2.1g/t gold from 36 metres, including 20 metres at 4.8g/t gold.


Exploration plan

Predictive plans to return to Bongou with a reverse circulation drill rig in March to undertake infill drilling of the Bongou mineralisation and to explore for extensions to the known mineralisation in the immediate vicinity of the artisanal workings.

The company has identified three key target areas along the Bongou Fault Zone. The highest priority area is a 3 kilometre length of the structure immediately surrounding Bongou.

Geological mapping is already underway at this location.

Each of the target areas will be explored using induced polarisation surveys to identify zones of potential sulphides and rotary air blast drilling to follow up any geophysical anomalies.

Preliminary metallurgical test work will be carried out on mineralised reverse circulation chips from Bongou during the next two months.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 22 Jan 2013 13:10:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161236/predictive-discovery-finds-up-to-7-grams-per-tonne-gold-in-burkina-faso-38562.html
<![CDATA[News - Predictive Discovery raises $3.27M for West African exploration ]]> https://www.proactiveinvestors.co.uk/companies/news/161235/predictive-discovery-raises-327m-for-west-african-exploration-35121.html West African gold explorer Predictive Discovery (ASX: PDI) has closed an oversubscribed placement to raise $3.27 million at $0.038 per share.

Commitments were received for 86.2 million fully paid ordinary shares from sophisticated and professional investors.

Funds raised from the placement will primarily be used to continue the Company’s exploration programs in Burkina Faso in West Africa.

Predictive aims to grow its gold mineralisation from its projects. 

PDI’s tenement holding covers approximately 100 km of strike length in the Samira Hill greenstone belt in eastern Burkina Faso. 

This belt hosts the 2.5 million ounce Samira Hill gold mine across the border in Niger and contains numerous active artisanal gold mine sites along its length.

PDI's Bangaba permit covers 10km of strike of the nearby Sebba Belt, including the largest known artisanal workings in the area.

Encouraging drill results from the Bonsiega and Bangaba permits has led PDI to consider its entire Eastern Burkina Faso ground holdings effectively as one project.

Based on the encouraging results, the company’s goal is to identify sufficent resources to support a major central gold treatment plant, the first in the area, drawing ore from multiple deposits.

High grades have been obtained from the Bangaba permit, 60km to the north, which suggests that ore from there might be transported to a treatment plant on the Laterite Hill Gold Field.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Tue, 30 Oct 2012 09:20:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161235/predictive-discovery-raises-327m-for-west-african-exploration-35121.html
<![CDATA[News - Predictive Discovery consolidates ownership of four Burkina Faso permits with move to 100% ]]> https://www.proactiveinvestors.co.uk/companies/news/38859/predictive-discovery-consolidates-ownership-of-four-burkina-faso-permits-with-move-to-100-46433.html

Predictive Discovery (ASX: PDI) has signed an agreement which will consolidate the ownership of some of the company's key tenements in Burkina Faso.

Predictive (72.1% interest) has signed an agreement with Stratos Resources (ASX: SAT) (27.9% interest), enabling Predictive to move to 100% ownership of the four Burkina Faso permits that constitute the ElDore Joint Venture.

Consideration for the deal includes Predictive issuing Stratos 13 million PDI shares. At the same time, Stratos will make a cash payment to Predictive of $140,000 in partial repayment of outstanding cash calls from the Joint Venture.

Also, as part of this transaction, Stratos and its Directors are contributing $160,000 to the shortfall in Predictive’s recent entitlement issue.

Combined the tenements cover over 620 square kilometres, but most importantly this includes the Laterite Hill Gold Field, a 20 kilometres long zone of gold mineralisation - and where Predictive recently made a new gold discovery.

Predictive has obtained excellent drill results over eight separate zones of gold mineralisation with a cumulative strike length of at least 8 kilometres to date.

The companu is advancing towards a maiden JORC Resource in late 2012.


Predictive sees 'great value' in the four permits

This deal for Predictive is significant, simplifying the ownership structure over tenements which the company sees great value in.

This value is not just in the Laterite Hill Gold Field but in the potential upside in the rest of the permit areas, which are largely untested.

The recent discovery drill hole at the Bongou Prospect (54 metres at 2.1g/t gold from 36 metres) in a hitherto undrilled part of the Madyabari Permit highlights this potential.


Stratos to be a supportive shareholder

Another benefit of the agreement for Predictive is that Stratos already has a good understanding of the company's Burkina Faso projects - and has also demonstrated its support of Predictive’s direction and management by contributing to the entitlement issue shortfall.

Predictive said that it looks forward to an ongoing strong relationship with Stratos as the company advances the eastern Burkina Faso projects towards the goal of more than 2 million ounces in resources with an average grade above 2g/t gold.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Mon, 06 Aug 2012 01:06:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/38859/predictive-discovery-consolidates-ownership-of-four-burkina-faso-permits-with-move-to-100-46433.html
<![CDATA[News - Predictive Discovery raises new funds to advance Burkina Faso gold exploration ]]> https://www.proactiveinvestors.co.uk/companies/news/161234/predictive-discovery-raises-new-funds-to-advance-burkina-faso-gold-exploration-31689.html Predictive Discovery (ASX: PDI) has raised new funds of up to A$600,969 to advance gold exploration in Burkina Faso with the completion of a non-renounceable rights issue.

The company received valid acceptances for 7.5 million new shares under the one for five offer at $0.08 per share.

The total shortfall under the rights issue was around 17.6 million shares. Predictive is assessing a number of opportunities to place the balance of the shortfall.

The funding will be used to continue exploration in Burkina Faso as the company works to grow the established areas of gold mineralisation and potential Resource base in the country.

Demonstrating the continued success Predictive is having in Burkina Faso, earlier this month it discovered gold in a reverse circulation hole drilled beneath artisanal workings at Bongou.

The hole intersected 52 metres at 2.1 grams per tonne (g/t) gold, including 28 metres at 3.6g/t gold and 2 metres at 24g/t gold.

The prospect, which is hosted within the Bonsiega Project, is strategically located just 8 kilometres from the main Laterite Hill Gold Field, a short trucking distance to any possible future mill providing tantalising options and cash flow opportunities for Predictive.

The Bonsiega Project covers about 100 kilometres of strike length in the Samira Hill greenstone belt in eastern Burkina Faso.

This belt hosts the 2.5 million ounce Samira Hill gold mine across the border in Niger and contains numerous active artisanal gold mine sites along its length.
 
The Laterite Hill Gold Field covers 20 kilometres of gold mineralised structures within the Birrimian Joint Venture with ElDore Mining Corporation (now Stratos Resources Limited – ASX: SAT).


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Wed, 25 Jul 2012 15:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161234/predictive-discovery-raises-new-funds-to-advance-burkina-faso-gold-exploration-31689.html
<![CDATA[News - Predictive Discovery's Paul Roberts to discuss West African gold discoveries at Sydney Forum ]]> https://www.proactiveinvestors.co.uk/companies/news/161233/predictive-discoverys-paul-roberts-to-discuss-west-african-gold-discoveries-at-sydney-forum-31057.html Predictive Discovery (ASX: PDI) has been catching investors’ attention after making a new gold discovery in Burkina Faso last week, with the company advancing towards a maiden JORC Resource.

Better still Predictive's managing director Paul Roberts is on hand to deliver a presentation and answer investor questions at the "Stars in 2012 Series" in Sydney on Wednesday 18th July.


You are invited to attend the FREE EVENT *** CLICK HERE TO REGISTER ***


What is most interesting for the new discovery, which was made at the Bongou Prospect beneath an artisanal open pit, is the widths of the mineralisation including 20 metres at 4.8g/t gold.

Another plus is that the prospect, which is hosted within the Bonsiega Project, is the strategic location just 8 kilometres from the main Laterite Hill Gold Field, a short trucking distance to any possible future mill provides tantalising options and cash flow opportunities for Predictive.

Predictive has two advanced projects in the country, being the Bangaba Project and the Bonsiega Project.



EVENT DETAILS


The event will be held on Wednesday 18th July, 2012 at the Radisson Blu Hotel - Corner Pitt & O'Connell Street, Sydney from 5:15pm (for a 5:30pm start).

The presentations will be followed by a Wine & Canape Reception allowing you to personally interact with presenting MD's &CEOs.

While the event is FREE to attend, registrations are essential.

EARLY BIRD DOOR PRIZE: If you arrive by 5:15pm and register for the event – you qualify for the Special Door Prize of a HD James Bond Spy Pen Digital Video Camera & Recorder.

LUCKY DOOR PRIZES: All attendees instantly go into the draw to win 1 of 4 lucky door prizes drawn on the night of either a $100 Voucher for Radisson Blu Hotel, $100 STA Travel Voucher or a $100 Ticketek Voucher.


FULL PRESENTER LIST


Predictive Discovery

Predictive Discovery (ASX: PDI) is currently advancing a maiden JORC Resource in Burkina Faso, where the company enjoys a large strategic ground position with two projects known as Bangaba and Bonsiega. Predictive is also supported by strong institutional support.


Blackham Resources

Blackham Resources (ASX: BLK) has some strategically well positioned projects in the gold rich Wiluna region of Western Australia, which are within close proximity to existing production facilities. The company is targeting a one million gold ounce bounty in the short term.


Thor Mining

Thor Mining (ASX: THR, AIM: THR) recently delivered DFS for the Molyhil tungsten and molybdenum project which identified 'attractive financial returns', and with a large magnetic target identified below the known resource, there is the potential for a larger resource and a boost to economics.


Benitec Biopharma

Benitec Biopharma (ASX: BLT) is developing a range of human therapeutics for major life threatening conditions (infectious disease, cancer, genetic disease) all based on ddRNAi (DNA-directed RNA interference),  a unique platform technology for long-term silencing of disease-causing genes.


Millennium Minerals

Millennium Minerals (ASX: MOY) is on track for the first commercial gold production from the Nullagine Project in the December quarter of 2012, with a target production rate of 100,000 ounces annually for eight years or better.


Hill End Gold

Hill End Gold (ASX: HEG) is a gold explorer with a focus on becoming a mid-tier gold producer based on its two flagship projects at Hill End and Hargraves in the historically gold-rich Lachlan Fold Belt in central New South Wales.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Tue, 10 Jul 2012 08:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161233/predictive-discoverys-paul-roberts-to-discuss-west-african-gold-discoveries-at-sydney-forum-31057.html
<![CDATA[News - Predictive Discovery extends rights issue closing with new gold discovery ]]> https://www.proactiveinvestors.co.uk/companies/news/161232/predictive-discovery-extends-rights-issue-closing-with-new-gold-discovery-30936.html Predictive Discovery (ASX: PDI) has extended the closing date of its one for five rights issue on the back of a new gold discovery in Burkina Faso today.

Closing date for the non-renounceable rights issue has been extended a week to 5.00pm (AEST) on Friday, 20 July 2012.

The Company today announced the results of positive drill results at the Bonsiega Project. 

Click here to read about the new gold discovery and results

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Thu, 05 Jul 2012 17:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161232/predictive-discovery-extends-rights-issue-closing-with-new-gold-discovery-30936.html
<![CDATA[News - Predictive Discovery expands West African portfolio by acquiring gold project in Cote D’Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/news/161231/predictive-discovery-expands-west-african-portfolio-by-acquiring-gold-project-in-cote-divoire-28841.html Predictive Discovery (ASX: PDI) continues to pursue its strategy of expanding tenement holdings in West Africa’s gold rich Birimian Greenstone belts, with the acquisition of a gold project in Cote D’Ivoire.

The Komboro permit is highly prospective, containing part of a Birimian greenstone belt which includes active artisanal workings and extensive gold geochemical anomalies.

Reconnaissance soil and bedrock sampling has returned a series of high grade values, ranging up to 52 grams per tonne (g/t) gold.

Based on field examination and existing data, Predictive Discovery believes the project has potential for one or more large, open pittable gold deposits.

The agreement allows Predictive Discovery to earn up to a 90% interest in the Komboro permit, which covers 169 square kilometres.

Managing director Paul Roberts told Proactive Investors today that the change of government in Cote D’Ivoire in 2011 has opened the door for new operators in a region which hosts a greater area of the Birimian greenstone belts than any other country.

“Cote D’Ivoire is opening up for new projects due to the way the mining laws are changing,” Roberts said.

He told Proactive Investors that having extensive experience in West Africa, with its existing projects well underway in Burkina Faso, will be a boon to the company.

“We have lots of connections with laboratories and with drill contractors, we can move very smoothly onto doing all of the exploration activities that we want,” Roberts said.

“We are a serious operator in West Africa.”

Acquisition terms

The agreement to acquire the Komboro project will only take effect once the exploration permit for the project is granted.

Predictive Discovery can earn in to the project in three stages, spending a total of US$2 million over four years for a minimum 70% or maximum 90% interest.

The company will also grant cash or shares worth up to US$300,000 to the project holder, BIPTFOP, over the course of the acquisition.

Once Predictive Discovery has earned the initial 70% interest, BIPTFOP can elect to contribute at a 30% level, or reduce its holding to a 10% free carried interest.

Burkina Faso focus

While Predictive Discovery does plan to conduct some exploration activities at the Komboro Project following grant of the licence, the company’s primary focus remains with its projects in Burkina Faso.

Ongoing drilling programs at the Bonsiega and Bangaba Projects in eastern Burkina Faso continue to uncover promising new gold discoveries.

Predictive Discovery is targeting a maiden gold JORC Resource in the country by the September quarter of 2012.




Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Mon, 14 May 2012 12:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161231/predictive-discovery-expands-west-african-portfolio-by-acquiring-gold-project-in-cote-divoire-28841.html
<![CDATA[News - Predictive Discovery extends gold mineralisation to 18 kilometres at Laterite Hill Grid, Burkina Faso ]]> https://www.proactiveinvestors.co.uk/companies/news/161230/predictive-discovery-extends-gold-mineralisation-to-18-kilometres-at-laterite-hill-grid-burkina-faso-25228.html Predictive Discovery (ASX: PDI) has extended the known gold mineralisation system at the Laterite Hill Grid, part of the Bonsiega Project in Burkina Faso.

Assays from power auger sampling have identified a new 2.2 kilometre long weathered bedrock gold anomaly at Laterite Hill, extending the aggregate strike length of gold mineralisation to more than 18 kilometres, open to the north and west.

Peak values from the assays included 5.7 grams per tonne (g/t) gold, 2.7g/t gold, 2.1g/t gold and 1.4g/t gold, on a 400 metre by 50 metre power auger drill grid.

These results coincide with a significant geological structure that was interpreted from aeromagnetic data.

A four hole reverse circulation drilling program will begin in the next one to two weeks to test the structure.

Managing director Paul Roberts said the results were highly encouraging in an area with shallow cover.

“Obtaining a series of plus 1g/t Au power auger results on wide spaced geochemical drilling is quite unusual and may well represent significant gold mineralisation. PDI is moving immediately to test two of the higher grade targets with RC drilling,” Roberts said.

A total of eight prospects have now been defined in the Bonsiega Laterite Hill Grid area, while a second possible structure has also been identified, with a peak value of 3.5g/t gold.

Further diamond, reverse circulation and auger drill assays are expected in the next three weeks.

“The potential for delineating a large gold resource on the Bonsiega Project continues to grow,” Roberts said.

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Mon, 13 Feb 2012 13:20:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161230/predictive-discovery-extends-gold-mineralisation-to-18-kilometres-at-laterite-hill-grid-burkina-faso-25228.html
<![CDATA[News - Predictive Discovery defines 12km of bedrock gold anomalies in Burkina Faso ]]> https://www.proactiveinvestors.co.uk/companies/news/161229/predictive-discovery-defines-12km-of-bedrock-gold-anomalies-in-burkina-faso-16144.html Predictive Discovery (ASX: PDI) has identified more than 12km of bedrock gold anomalies from power auger drilling on its Sirba and Madyabari permits in the Bonsiega Project, Eastern Burkina Faso, West Africa.

The results provide further evidence of the potential of the Burkina Faso project where there is scope for the discovery of gold mineral resources in this area.

Assays were received from 441 holes at the Laterite Hill Grid within the Bonsiega Project (ElDore Mining (ASX: EDM) Joint Venture – PDI earning 60%) and covered a total of 14 kilometres out of 20km of potentially mineralised structures.

Results include a 1,200m long and 300‐700m wide gold anomalous zone coincident with a zone of apparent structural complexity east of the Dave Prospect.

Also results showed  a broad zone of gold anomalism covering an area of 1.4km x 1.4km including the Prospect 71 location, which was previously drill tested by Emerging African Gold in 1996‐97.

Paul Roberts, Predictive Discovery's managing director, said “as we have received more and more assay results from the Laterite Hill Grid, a picture has emerged of widespread strong bedrock gold anomalism beneath alluvial and laterite cover.

"These anomalies appear to coincide with a very large complex of structures more than 20km long, a large part of which remains untested by bedrock sampling."

Follow‐up RC drilling is scheduled to commence in May following completion of the current program at the Bangaba Project.

On April 18 Predictive commenced drilling at Bangaba Project following up the extensive artisanal workings at the Tambiri and Solna prospects.

The company is well placed to establish a maiden resource on one or more of its Burkina Faso prospects.

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Tue, 10 May 2011 13:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161229/predictive-discovery-defines-12km-of-bedrock-gold-anomalies-in-burkina-faso-16144.html
<![CDATA[News - Predictive Discovery drilling to follow up artisanal gold workings in Burkina Faso ]]> https://www.proactiveinvestors.co.uk/companies/news/161228/predictive-discovery-drilling-to-follow-up-artisanal-gold-workings-in-burkina-faso-15569.html Predictive Discovery (ASX: PDI) has commenced drilling on its Bangaba Project in Burkina Faso, West Africa, following up the extensive artisanal workings at the Tambiri and Solna prospects.

There will be an initial 3,000 metre reverse circulation (RC) drilling program. The areas have been producing gold since 1984 and have already yielded high grade gold drill intercepts.

Historic diamond drilling at Tambiri and Solna returned a number of high grade gold intercepts including 16 metres at 10.6 g/t gold, 5m at 16.4 g/t gold and 2m at 56.1 g/t gold.

Two RC drilling contracts totalling 27,500 metres have been signed and drilling is planned to continue at Bangaba and Bonsiega for the next 12 months, other than during the wet season in July/August.

The company is well placed to establish a maiden resource on one or more of its Burkina Faso prospects.

Paul Roberts, Predictive's managing director, said “PDI is very excited to have the opportunity of drill testing the extensive artisanal workings at Bangaba just 6 weeks after signing an agreement on the property."

The Bangaba Project is located in Eastern Burkina Faso. Predictive Discovery is targetting multi million ounce orogenic gold deposits in West Africa using its unique Predictore™ approach.

PDI is earning a 95% interest in this 128 square kilometre exploration permit through a series of cash payments and share allocations with a total value of $540,000 to SOMIKA, a Burkina‐Faso based company. The company’s current equity in the project is 51%.

On April 14 Predictive identified a second large gold-mineralised structure from power auger drilling on the Laterite Hill grid at its Madyabari permit in the Bonsiega Project, Eastern Burkina Faso.

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Mon, 18 Apr 2011 09:37:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161228/predictive-discovery-drilling-to-follow-up-artisanal-gold-workings-in-burkina-faso-15569.html
<![CDATA[News - Predictive Discovery defines second major gold anomaly in Burkina Faso ]]> https://www.proactiveinvestors.co.uk/companies/news/161227/predictive-discovery-defines-second-major-gold-anomaly-in-burkina-faso-15507.html Predictive Discovery (ASX: PDI) has identified a second large gold-mineralised structure from power auger drilling on the Laterite Hill grid at its Madyabari permit in the Bonsiega Project, Eastern Burkina Faso, West Africa.

The structure is 1.4 kilometres long and open both to the west and east. This is in addition to the 3km long mineralised structure reported on 9th March 2011.

The two major geochemical anomalies defined on the Laterite Hill grid are Laterite Hill and the newly identified Dave Prospect area, with a peak value of 1 g/t Au.

Assays from an additional 418 power auger holes of the program covering a 10km prospective strike length have been received with two thirds of the results now returned.

Predictive Discovery’s major focus is exploring for large open‐pittable gold ore deposits and is targeting multi million ounce orogenic gold deposits using its unique 'Predictore™' approach designed to increase drill targeting efficiency thereby reducing ore discovery cost.

Paul Roberts, Predictive Discovery's managing director said “these new results provide additional confirmation that widespread gold mineralisation is present on the Laterite Hill Grid over extensive strike lengths coincident with major shear structures, identified with our 'Predictore™' approach, and artisanal workings."

Historic reverse circulation (RC) drilling of the Dave Prospect within this anomaly obtained numerous economic gold intercepts including 12 metres at 5.0 g/t gold from 12m and 10m at 2.4 g/t gold from 39m.

The gold geochemical anomaly includes the outcropping area around the Dave artisanal workings where previous explorers encountered gold intersections in reverse circulation drilling.

The company continues to infill and extend the power auger drilling in preparation for reverse circulation drilling on the Laterite Hill gridscheduled for May. This will follow completion of drilling at the recently acquired Bangaba project.

On March 1 Predictive Discovery entered into an agreement with SOMIKA, a Burkina Faso-based company, for the staged purchase of SOMIKA’s Bangaba property in the Sebba Belt in eastern Burkina Faso.




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Thu, 14 Apr 2011 15:44:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161227/predictive-discovery-defines-second-major-gold-anomaly-in-burkina-faso-15507.html
<![CDATA[News - Predictive Discovery 21% share spike prompts ASX 'please explain' ]]> https://www.proactiveinvestors.co.uk/companies/news/161226/predictive-discovery-21-share-spike-prompts-asx-please-explain-15044.html Predictive Discovery's (ASX: PDI) share price jumped 21% to $0.34 in intra-day trading yesterday, up from a closing price of $0.27 on Monday 28 March, and came under scrutiny with an ASX price and volume query.

Predictive said it is not aware of any information concerning the company that has not been announced.

However, Predictive did cite in the company's response to the ASX an announcement made on 1 March regarding the acquisition of the Bangaba project in Burkina Faso.

The company also mentioned a 9 March announcement made regarding 'encouraging results' from its auger geochemistry program in the Laterite Hill area of the Bonsiega project.

Predictive has a 1,672 square kilometre tenement in Burkina Faso where the company recently conducted reverse circulation drilling.

Predictive returned gold mineralisation from all holes in a 1.7 kilometre long zone at the Fouli Prospect.

Highlights include:

 - 10 metres at 4.6 grams per tonne (g/t) gold;
 - 14 metres at 1.9g/t; and
 - 8 metres at 1.7g/t.

 

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Wed, 30 Mar 2011 10:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/161226/predictive-discovery-21-share-spike-prompts-asx-please-explain-15044.html
<![CDATA[News - Predictive Discovery to acquire Bangaba Gold Project in West Africa ]]> https://www.proactiveinvestors.co.uk/companies/news/161225/predictive-discovery-to-acquire-bangaba-gold-project-in-west-africa-14319.html Predictive Discovery (ASX: PDI) has entered into an agreement with SOMIKA, a Burkina Faso-based company, for the staged purchase of SOMIKA’s Bangaba property in the Sebba Belt in eastern Burkina Faso, West Africa.

Predictive Discovery may earn up to 95% in the property by a combination of cash payments and the issue of shares to SOMIKA, and will acquire 51% of Bangaba on completion of the first payment/share transfer.

The 128 square kilometre gold exploration property is strategically located close to other company permits in the region.

There are extensive current active artisanal gold mining activities with reported current production of 4,000–6,000 ounces (oz) of gold per year.

Historic drill intercepts from two major zones include 16 metres at 10.6 g/t gold, 5m at 16.4 g/t gold and 2m at 56.1 g/t gold.

Bangaba holds potential to host bulk tonnage open pit and high grade open pit/underground gold deposits.

The Bangaba exploration permit (arreté 09/100) was granted on 7th April, 2009 and includes three important areas of artisanal workings, Tambiri, Solna and Mossiga.

Predictive Discovery will commence geological mapping of the Bangaba permit in March, and undertake a high resolution aeromagnetic and radiometric survey as soon as an airborne magnetics acquisition system becomes available in Burkina Faso.

Results will be used to develop targets for further power auger and reverse circulation (RC) drilling. An RC drilling program totalling at least 2,000m will also be carried out at Bangaba in April or May, 2011.

The acquisition/option terms are as follows:

- On signature – US$40,000 in cash and US$110,000 in shares;
- 12 month anniversary – US$50,000 in cash and US$100,000 in shares;
- 24 month anniversary – US$60,000 cash and US$80,000 in shares;
- 36 month anniversary – US$100,000 in cash.

Predictive Discovery’s equity will also rise progressively as follows:

- 51% on completion of first payment and share transfer;
- 68% on second payment and share transfer;
- 84% on third payment and share transfer;
- 95% on fourth and final payment.

Predictive Discovery is only obligated to make the first payment and share transfer.

On completion of the fourth payment, SOMIKA will have a 5% equity free carried through to completion of a feasibility study plus the right to a 1% NSR royalty from potential future production.

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Tue, 01 Mar 2011 14:01:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161225/predictive-discovery-to-acquire-bangaba-gold-project-in-west-africa-14319.html
<![CDATA[News - Predictive Discovery initial drilling confirms near surface 1.7km gold zone in West Africa ]]> https://www.proactiveinvestors.co.uk/companies/news/161224/predictive-discovery-initial-drilling-confirms-near-surface-17km-gold-zone-in-west-africa-13482.html Drilling by Predictive Discovery (ASX: PDI) has confirmed a 1.7 kilometre long mineralised gold zone that remains open at the Fouli prospect.

The results are from reverse circulation (RC) and power auger drilling programs on the prospect at the Bonsiega Project in Burkina Faso, West Africa, and are the first since Predictive Discovery listed on the ASX on 1 December 2010.

Assays from the first 15 holes obtained 20 intercepts containing more than 1g/t gold over 2 metres including:

- 10m at 4.6 g/t Au from 13m;
- 14m at 1.9 g/t Au from 2m; and
- 8m at 1.7 g/t Au from 34m.

The compilation of power auger results indicate potential extensions to the east and west of this zone.

Fouli is one of 15 targets identified at Bonsiega, where shallow oxide gold mineralisation may be present over an extensive area, based on a review of earlier RAB results in light of the RC drilling results.

The Bonsiega project consists of six granted exploration permits and one application which together cover 1,186 square kilometres and over 80 kilometres of strike length in the Samira Hill greenstone belt.

RC drilling at Fouli commenced in late December 2010 and was finished on 18th January 2011, where a total 17 holes were drilled for a total of 1,744m.

The next phase of RC drilling is scheduled to commence in late March and will also assess other high priority prospects.

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Fri, 28 Jan 2011 12:57:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161224/predictive-discovery-initial-drilling-confirms-near-surface-17km-gold-zone-in-west-africa-13482.html
<![CDATA[News - Predictive Discovery raises A$8m in IPO for West African gold exploration ]]> https://www.proactiveinvestors.co.uk/companies/news/161223/predictive-discovery-raises-a8m-in-ipo-for-west-african-gold-exploration-12247.html Predictive Discovery's (ASX: PDI) initial public offering closed significantly oversubscribed raising a total of $8,000,000 which will largely be used to explore their extensive 1,544km2 of gold exploration landholdings in Burkina Faso, West
Africa.

Predictive issued 30,000,000 fully paid ordinary shares at an offer price of 20 cents each to raise $6,000,000 with the right to accept over-subscriptions to raise up to a further $2,000,000.

Black Fire Minerals has a shareholding with 7.5% equity in the company.

Predictive Discovery closed its second day of life on the Australian Stock Exchange at $0.27, a 35 per cent gain on listing.

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Thu, 02 Dec 2010 17:27:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/161223/predictive-discovery-raises-a8m-in-ipo-for-west-african-gold-exploration-12247.html