Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Predictive Discovery Ltd (PDI.ASX)
Release Time 30 Oct 2025, 8:15 a.m.
Price Sensitive Yes
 Predictive Discovery Announces Merger with Robex Resources
Key Points
  • Merger creates West Africa's next mid-tier gold producer
  • Combined production expected to exceed 400kozpa Au by 2029
  • Merger significantly de-risks funding for Predictive's Bankan Gold Project
Full Summary

Predictive Discovery Ltd (PDI) announced a merger of equals with Robex Resources Inc. to create West Africa's next mid-tier gold producer. The merger combines PDI's Bankan Gold Project in Guinea and Robex's Kiniero Gold Project in Guinea and Nampala Gold Mine in Mali. The combined company will have a Mineral Resource of approximately 9.5Moz Au and Ore Reserves of approximately 4.5Moz Au, with expected production exceeding 400kozpa Au by 2029. The merger significantly de-risks the funding for PDI's Bankan Project by leveraging cash flows from Robex's Kiniero Project and Robex's in-the-money warrants and options. The combined leadership team has a proven in-country track record and the scale, multi-asset portfolio, and proposed dual listing will boost the company's capital markets profile, potentially leading to a share price re-rate.

Guidance

The combined company is expected to produce over 400kozpa Au by 2029, based on the Bankan Project's estimated production of 272koz Au and the Kiniero Project's estimated production of 155koz Au.

Outlook

The merger is expected to complete in December 2025 or early 2026, subject to shareholder and regulatory approvals. The combined company will focus on advancing the Bankan Project and leveraging the development expertise from Robex's Kiniero Project to optimize the execution of Bankan.