Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Predictive Discovery Ltd (PDI.ASX)
Release Time 28 Apr 2026, 8:23 a.m.
Price Sensitive Yes
 Predictive Discovery Announces Quarterly Activities Report
Key Points
  • Merger with Robex Resources completed, creating a leading West African gold production and development company
  • Gold production increased 308% to 48,178oz, with lower AISC of US$1,192/oz
  • Bankan Project execution planning advanced, with FEED contract awarded to Primero
Full Summary

Predictive Discovery Limited (PDI) has announced its Quarterly Activities Report for the three-month period ended 31 March 2026. The key highlights include the completion of the merger between PDI and Robex Resources Inc. on 15 April 2026, creating a leading West African gold production and development company targeting 400,000oz Au per annum production by 2029. During the quarter, the combined operations produced a total of 48,178oz Au, a 308% increase from the previous quarter, driven by the ramp-up of production at the Kiniero mine. Gold sales totaled 41,799oz Au, a 271% increase, with an average realized gold price of US$4,806/oz. The average all-in sustaining cost (AISC) across both the Kiniero and Nampala mines decreased by 37% to US$1,192/oz. The Kiniero mine achieved an AISC of US$1,043/oz during the quarter. The company's cash balance increased to US$240.4 million for Robex and US$22.2 million for PDI, reflecting strong operating cash flow generation. Execution planning activities for the Bankan Project also progressed, with the Front-End Engineering Design (FEED) contract awarded to Primero and preparations underway for tendering of long lead items.

Guidance

Group production guidance for 2026 is 198,000-220,000oz Au, comprising 157,000-174,000oz Au from Kiniero and 41,000-46,000oz Au from Nampala. Cost production guidance will be released in the June quarter, following two full quarters of production at Kiniero.