QUEBEC CITY, April 08, 2026 (GLOBE NEWSWIRE) -- Predictive Discovery Limited (ASX: PDI) (“PDI”) and Robex Resources Inc. (ASX: RXR, TSX-V: RBX) (“Robex”) are pleased to announce that all conditions precedent to the proposed merger (the “Transaction”) have been satisfied or waived (as applicable). The Transaction is now unconditional and proceeding to completion and implementation (“Implementation”), with the effective date expected to occur on or around 15 April 2026 (“Effective Date”). A detailed trading timetable for shareholders will be issued in due course prior to Implementation.
HIGHLIGHTS
- Merger between PDI and Robex declared unconditional and proceeding to Implementation, with the Effective Date expected to occur on or around 15 April 2026.
- Robex shareholders to receive 7.862 PDI shares for each Robex share or Robex CHESS Depositary Interest (“CDI”).
- Leading West African gold company to be created with a strengthened portfolio of high-quality assets, targeting production of more than 400,000 ounces of gold per annum by 2029.1
- Alignment of a world-class mine-building and operations team with the tier-one Bankan Project.
- Financing synergies and balance sheet strength support a clear financing pathway for the Bankan Project, without the requirement of raising additional equity or project finance debt.
- PDI has been conditionally approved for listing on the Toronto Stock Exchange (“TSX”) under the ticker symbol “PDI” following Implementation.
MANAGEMENT COMMENTARY
Matthew Wilcox, Chief Executive Officer & Managing Director of Robex and incoming Chief Executive Officer & Managing Director of the combined company, commented:
“This marks a major milestone for both Robex and PDI, with the Transaction now unconditional and proceeding to implementation. The combination brings together a portfolio of high-quality gold assets, a strengthened balance sheet and meaningful financing synergies, alongside access to a world-class mine-building and operations team with recent, hands-on experience in Guinea. With increased scale, enhanced financial capacity and a proven execution platform, the combined group is well positioned to advance its development priorities and deliver disciplined, sustainable growth.”
Andrew Pardey, Chief Executive Officer & Managing Director of PDI and incoming Non-Executive Chairman of the combined company, added:
“This transaction brings together two highly complementary organisations with shared conviction on asset quality, execution and long-term value creation. The combination establishes a gold company with enhanced scale, a clear strategic focus, strong and experienced leadership and the capability to deliver its growth plans. Importantly, it positions the group to create a tier-one gold mining hub in Guinea producing more than 400,000 ounces of gold per annum by 2029, underpinned by robust governance and a prudent approach to capital management.”
“I look forward to working closely with the Board, Matthew and the broader management team as we move into the next phase of growth and deliver sustainable value for shareholders and stakeholders. I would also like to thank the Government of Guinea for its vital support and look forward to continuing the close collaboration as we grow in the country.”
The Board and Management of the combined company would like to thank all retiring Directors and Management from both Robex and PDI for their dedication, leadership and valuable contributions, which have been instrumental in positioning the companies to successfully complete this Transaction.
TRANSACTION STATUS
The Transaction is being implemented by way of a statutory plan of arrangement in the Province of Québec, Canada under the Business Corporations Act (Québec) (“Arrangement”), pursuant to the arrangement agreement dated 5 October 2025 (as amended) (“Arrangement Agreement”).
In-principle approval of the Transaction has been received from the Minister of Mines and Geology in Guinea, satisfying a key condition precedent. The approval includes customary conditions relating to tax and administrative matters, which are progressing in the ordinary course.
Engagement with the Government of Mali in relation to the Transaction is ongoing. To align with the agreed Implementation timetable, and with all other conditions precedent satisfied, the Boards of PDI and Robex have agreed to waive this condition precedent.
The Transaction is scheduled to be Implemented on or around 15 April 2026. A detailed trading timetable for shareholders will be issued in due course prior to Implementation. To facilitate Implementation, PDI and Robex have agreed to extend the Outside Date under the Arrangement Agreement to 30 April 2026.
BOARD AND MANAGEMENT OF THE COMBINED COMPANY (POST-IMPLEMENTATION)
Following Implementation of the Transaction, the Board of PDI will comprise:
- Andrew Pardey – Non-Executive Chairman;
- Matthew Wilcox – Chief Executive Officer & Managing Director;
- Alain William – Executive Director, Chief Legal & Government Relations Officer;
- Simon Jackson – Lead Independent Non-Executive Director;
- Steven Michael – Non-Executive Director;
- Alberto Lavandeira – Non-Executive Director;
- Howard Golden – Non-Executive Director.
The Executive Management Team will comprise:
- Clinton Bennett – Chief Operating Officer;
- Ross McLean – Chief Financial Officer;
- Dimitrios Felekis – Chief Development Officer;
- Justin Rivers – Chief Exploration Officer;
- Gwendal Bonno – Chief Human Resources Officer.
This joint ASX Announcement has been authorised for release by the PDI Board and the Robex Board.