ASX Announcement‌

A table of Aurora's subsidiary and associate company investments and market valuations as at 30 September 2015 is shown below.

Aurora Minerals Group Investments

Aurora Minerals Group Investments

Value of Cash and investments approximately 6c per share.

West African Exploration & Development Portfolio

Burkina Faso is an emerging West African country that contains large areas of the prospective, relatively unexplored, Birimian age greenstone belts. A series of large gold discoveries have been made in Burkina Faso over the past decade, eight of which are now in production.

Predictive Discovery (Aurora 43.9%)

Predictive's key project, Bonsiega, covers approximately 100km of strike length in the Samira Hill greenstone belt, situated in the north east of the country and along strike from the Samira Hill gold mine, just inside the Niger border. Predictive has undertaken several phases of exploration on this project, including drilling, intersecting significant gold mineralisation and delineated an Indicated Mineral Resource at the Bongou Prospect.P4,P5 This activity directly complements Aurora's earlier investment in Golden Rim. Both companies have exciting gold projects in Burkina Faso and share a common interest in exploring the Samira Hill greenstone belt in Eastern Burkina (Figure 1).

Predictive's tenement position and that of Golden Rim is shown in Figure 1.

Figure 1: Burkina Faso Map showing Predictive Discovery (blue) and Golden Rim (red) exploration permits on the Samira Hill and Sebba Greenstone Belts

Predictive remains focused on identifying additional, high-grade gold deposits within trucking distance of the Bongou deposit in order to achieve its aim of establishing a highly profitable, long-lived mining operation in the area. There is substantial exploration potential to achieve this, both in the immediate area around Bongou and a little further afield within the well mineralised permit group that makes up the Bonseiga Project.

Following a successful shallow RC drilling program completed mid-year, results of which were announced in July 2015P6, Predictive estimated an Exploration Target for several mineralised zones within approximately 10km of its Bongou Resource.P2

Predictive Discovery Limited (ASX:PDI) has calculated an Exploration Target on drilled prospects exclusive of but within 10km of the Bongou gold deposit (2.2 million tonnes at 2.6 g/t Au totalling 184,000oz in the Inferred and Indicated Mineral Resource categories including 136,000oz at 3.8g/t Au; ASX release dated 4 September, 2014).

The Exploration Target detailed in the following table is estimated to be in a range of 9.4 to 10.4 million tonnes averaging between approximately 1.5 to 1.7 g/t Au and containing approximately 460,000 to 563,000 ounces of gold, as follows:

Bonsiega Exploration Target EstimationP2

Data and parameters used in calculating this Exploration Target were as follows: Data:

• Gold intercepts from 291 reverse circulation holes, 4 air core holes and 5 Diamond drill holes2 were used in the calculation.

• The holes were mostly drilled on lines spaced from 50m to 100m apart, with a spacing along the lines ranging from 10m to 50m.

  Parameters:

• 0.5 g/t gold cut-off grade;

• Minimum downhole intercept width of 2m and a minimum grade times width intercept of 2g*m;

• Minimum internal waste of 3m except for a few holes where it was clear that the holes had drilled almost down-dip and where the inclusion of larger down-hole intervals of internal waste made geological sense;

• Maximum of 100m strike extent from drill holes (where the continuity of the mineralisation is supported by mapping and/or the location of artisanal workings and/or anomalous auger results);

• Maximum of 70m vertical extent below surface;

• Dry bulk density estimates as follows:

  • Laterite: 2.2

  • Saprolite: 1.8

  • Weathered rock between base of saprock and base of complete oxidation (BOCO): 2.3

  • Fresh mafic volcanics: 2.8

• Fresh felsic to intermediate rocks including granite and granodiorite: 2.7

• The calculation was carried out using a cross sectional method with volumes projected half way to the next hole (on the section) or half way to the next section to a maximum distance of 100m (along strike).

The calculation was restricted to prospects for which there is good evidence of mineralisation orientation and continuity. Most of these prospects are open along strike and at depth. A number of other isolated gold intercepts within 10km of Bongou were excluded, so there is significant potential to expand the Exploration Target further within range of PDI's own drilling.