Ann: PDI Excellent RC Drill Results Boundiali Cote DIvoire,PDI-ARM.AX, page-146

Update on drilling cost arrangement from 140616 report on Kokoumbo.

TORO JOINT VENTURE BACKGROUND
Predictive is in joint venture with Toro Gold Limited (Toro), a UK-based company, on six granted permits and two permit applications in Cote D’Ivoire (Figure 1).
The Toro Joint Venture operates through Predictive Discovery Limited’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 plans to contribute 35% of the ongoing expenditure once Toro achieves its 65% equity.