Predictive Discovery & Robex Announce Merger of Equals

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Stock Predictive Discovery Ltd (PDI.ASX)
Release Time 6 Oct 2025, 8:21 a.m.
Price Sensitive Yes
 Predictive Discovery & Robex Announce Merger of Equals
Key Points
  • Creates West Africa's next mid-tier gold producer
  • Combined production expected to exceed 400kozpa Au by 2029
  • Combined Mineral Resources of approximately 9.5Moz Au inclusive of Ore Reserves of approximately 4.5Moz Au
Full Summary

Predictive Discovery Limited (PDI) and Robex Resources Inc. (Robex) have entered into a definitive agreement to combine in a merger of equals, whereby PDI will acquire all of the issued and outstanding Robex shares. The combined company will remain listed on the Australian Securities Exchange (ASX) and will apply to list PDI's ordinary shares on the TSX Venture Exchange (TSX-V). The transaction will create West Africa's next mid-tier gold producer by combining two of the continent's largest, lowest-cost, and most advanced projects. The combined production is expected to exceed 400kozpa Au by 2029, with combined Mineral Resources of approximately 9.5Moz Au inclusive of Ore Reserves of approximately 4.5Moz Au. The transaction will drive economic growth in Guinea, strengthen the local labour force, enhance critical infrastructure and services, and build lasting local partnerships. The combined leadership team, led by Andrew Pardey as Non-Executive Chairman and Matthew Wilcox as CEO and Managing Director, possesses a proven in-country track record and skill set to develop and operate the combined portfolio. The transaction is expected to close in December 2025 or early 2026 and is subject to customary closing conditions, including the approval of the Superior Court of Québec and the TSX-V, as well as the approval of at least 66⅔% of the votes cast by Robex shareholders.

Guidance

The combined company is expected to have +400kozpa Au of production by 2029.