Predictive Discovery and Robex announce merger Predictive Discovery (PDI) and Robex Resources have entered into a definitive agreement, whereby PDI will acquire all Robex Shares. Following completion of the transaction, the combined company will remain listed on the Australian Securities Exchange and will apply to list PDI’s ordinary shares on the TSX Venture Exchange (TSX-V).
Predictive Discovery is set to acquire all Robex shares.
Strategic rationale for the transaction PDI’s key asset is the Bankan Project in Guinea, which has estimated average production of around 250 koz per annum over 12 years, and is advancing towards a final investment decision targeted for the second quarter of 2026. Robex is currently constructing the Kiniero Project in Guinea, which is on schedule to achieve first gold production in December 2025 and is expected to produce an average of 139 koz per annum over nine years. Robex also operates the Nampala gold mine in Mali, which is forecast to produce 46-47koz in 2025. Key strategic, financial and operational advantages of the combined company include the following: • Pathway to becoming one of West Africa’s leading gold producers: 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; the combined company is expected to have +400 kozpa Au of production by 2029, combined Mineral Resources of approximately 9.5 moz Au and combined Ore Reserves of approximately 4.5 moz Au. • Flexibility through leveraging cash flows from Robex to fund development of the Bankan Project: Significant cash flows expected to be generated from the Kiniero Project and the ongoing exercise of in-the-money warrants and options, which can support development of the Bankan Project.
• Right management and board skill set to drive value creation: Strengthened team with a proven in-country track record and complementary skill set to develop and operate mines in West Africa, and with extensive experience working within dual-listed and large mining companies in Africa. Robex’s leading development team is ready to move from the Kiniero Project’s construction to the Bankan Project’s development, applying lessons learned and optimizing workforce deployment. • Potential for meaningful upside: Proximity of the Bankan Project and Kiniero Project creates a tier-1 mining hub with potential for meaningful upside, coordinated development, operating and exploration strategies, and enhanced ability to leverage in-country resources. • Enhanced capital markets presence: Greater scale and multi- asset nature of the combined company, with potential inclusion in the ASX 200 and VanEck Junior Gold Miners (GDXJ) indices, enhancing its relevance and attractiveness to investors, positioning it for a potential share price re-rate. Andrew Pardey, Chief Executive Officer of PDI, commented: “By combining two of West Africa’s largest and most advanced gold development projects and leveraging the proven track record of both management teams in Africa, we are creating a company that positions Guinea to become one of Africa’s top five gold producers.” n
NOVEMBER2025 | www.modernminingmagazine.co.za MODERN MINING 29
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