Robex Files Special Meeting Material for Plan of Arrangement

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Stock Predictive Discovery Ltd (PDI.ASX)
Release Time 14 Nov 2025, 10:56 a.m.
Price Sensitive Yes
 Robex Files Special Meeting Material for Plan of Arrangement
Key Points
  • Robex Board unanimously recommends shareholders vote FOR the Arrangement Resolution
  • Arrangement combines two of the potentially largest, lowest cost and most advanced gold projects in West Africa
  • Significant cash flows from Kiniero Project expected to fund development of the Bankan Project
Full Summary

West African gold producer and developer Robex Resources Inc. ('Robex') has filed its management information circular and related materials for a special meeting of the registered and beneficial holders of Robex common shares, to be held virtually on December 15, 2025. At the meeting, Robex shareholders will be asked to consider and vote on a special resolution approving a statutory plan of arrangement pursuant to which Acquireco, a direct wholly-owned subsidiary of Predictive Discovery Limited ('Predictive'), will acquire all of the issued and outstanding Robex shares. Under the arrangement, Robex shareholders will be entitled to receive 8.667 fully paid ordinary shares in the capital of Predictive for each Robex share held. The Robex Board and the special committee of independent directors have unanimously determined that the arrangement is in the best interests of the company and fair to Robex shareholders. The Robex Board unanimously recommends that Robex shareholders vote FOR the arrangement resolution. Key reasons cited include the pathway to becoming one of West Africa's leading gold producers, the ability to leverage cash flows from the Kiniero Project to fund development of the Bankan Project, the strengthened management team and board, the potential for meaningful upside, and the enhanced capital markets presence. Robex shareholders are urged to vote well in advance of the meeting, with the proxy voting deadline being December 11, 2025.

Outlook

The arrangement combines two of the potentially largest, lowest cost and most advanced gold projects in West Africa, enhancing scale, access to capital, strategic relevance and competitiveness. Significant cash flows are expected to be generated from the Kiniero Project which can provide additional funds to support development of the Bankan Project. The combined company is expected to have a strengthened team with a proven in-country track record and complementary skill set to develop and operate mines in West Africa, with the potential for meaningful upside from the proximity of the Bankan and Kiniero projects.