PRU.ASX: Proposal to Acquire PDI No Longer Deemed Superior

Proposal to Acquire PDI No Longer Deemed Superior

Stock	Perseus Mining Ltd (PRU.ASX)
Release Time	11 Dec 2025, 11:05 a.m.
Price Sensitive	Yes

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Perseus Proposal to Acquire Predictive No Longer Deemed Superior

Key Points

Perseus' binding offer for Predictive terminated due to Robex's matching right
Predictive Board determined Robex's revised Arrangement Agreement as matched
Announcement approved by Perseus' Managing Director and CEO Craig Jones

Full Summary

Perseus Mining Limited (ASX/TSX: PRU) has announced that its binding offer to acquire Predictive Discovery Limited (Predictive) is no longer deemed a superior proposal. This is due to Predictive's Board determining that a revised Arrangement Agreement has been received from Robex Resources Inc. (Robex) which has matched under Robex's matching right, as per the terms of the previous Arrangement Agreement between Robex and Predictive dated 5 October 2025. As a result, Perseus' binding offer for Predictive, which was announced on 3 December 2025 and subject to Robex not successfully executing its matching right, has been terminated. The announcement was approved for release by Craig Jones, the Managing Director and Chief Executive Officer of Perseus.