Predictive Discovery Advances Robex Acquisition

About Predictive Discovery Limited

Predictive Discovery Limited (ASX: PDI) is an ASX-listed gold exploration and development company with a strategic focus on West Africa, one of the world’s most prolific gold-producing regions. Headquartered in Perth, the company has built its reputation on systematic exploration, geological innovation and disciplined capital allocation, culminating in the discovery of the Tier-1 Bankan Gold Project in Guinea.

Over recent years, Bankan has emerged as one of the most significant greenfield gold discoveries globally, underpinning Predictive Discovery’s strong market profile and long-term growth narrative. As the company advances Bankan through resource definition and early development planning, management has sought to complement this flagship asset with additional scale and diversification. The acquisition of Robex Resources represents a pivotal step in this strategy, broadening PDI’s asset base and positioning the group as a more substantial West African gold platform.

Court Approval of the Robex Plan of Arrangement

Predictive Discovery announced that Robex Resources Inc. has obtained a final order from the Superior Court of Québec approving the proposed plan of arrangement under Québec law. Under the arrangement, PDI, through its wholly owned subsidiary, will acquire all issued and outstanding common shares of Robex, consolidating ownership of the company and its underlying assets.

The court approval represents a key legal milestone, confirming that the transaction has met the procedural and fairness requirements required under Canadian law. This follows overwhelming shareholder support, with Robex shareholders approving the arrangement at a special meeting held on 30 December 2025. Together, these approvals significantly de-risk the transaction from a corporate governance and execution perspective.

Final Conditions and Completion Timeline

While court and shareholder approvals have been secured, the transaction remains subject to final closing conditions, including the receipt of consents from the Governments of Guinea and Mali. These approvals are customary for transactions involving mining interests in the region and reflect the importance of sovereign oversight in the transfer of mineral rights.

Predictive Discovery has indicated that it continues to engage constructively with relevant authorities and expects the remaining conditions to be satisfied in the normal course. Subject to these approvals, completion of the transaction is anticipated in the first quarter of 2026. Upon closing, Robex will become a wholly owned subsidiary of Predictive Discovery.

Strategic Rationale for the Robex Acquisition

The acquisition of Robex materially enhances Predictive Discovery’s strategic position in West Africa by adding complementary gold assets with development and production potential. Robex’s portfolio includes projects in Mali and Guinea, regions with well-established mining infrastructure and a long history of gold production.

For Predictive Discovery, the transaction provides diversification beyond a single flagship project while retaining geographic focus in a region where the company has demonstrated technical and operational capability. The inclusion of Robex’s assets introduces optionality across the development spectrum, from exploration and resource growth through to potential near-term production scenarios, depending on market conditions and capital priorities.

Management has framed the acquisition as part of a broader ambition to build a leading, multi-asset African gold company with the scale, depth and optionality required to attract long-term institutional support.

Strengthening Exposure to West African Gold Belts

West Africa remains one of the most attractive gold exploration regions globally, characterised by extensive underexplored greenstone belts, supportive geology and a track record of large-scale discoveries. Guinea and Mali, in particular, host multiple world-class gold operations and continue to draw investment from major international producers.

Predictive Discovery’s Bankan Project sits within this favourable geological setting and has already delivered a substantial mineral endowment. The addition of Robex further consolidates the company’s exposure to these highly prospective belts, enhancing its ability to leverage regional expertise, shared infrastructure and exploration synergies.

This geographic concentration also supports operational efficiencies, including shared technical teams, regional procurement strategies and aligned stakeholder engagement frameworks.

Portfolio Balance and Development Optionality

A key benefit of the Robex acquisition is the balance it brings to Predictive Discovery’s portfolio. While Bankan represents a long-life, large-scale development opportunity, Robex’s assets introduce shorter-dated options that could support earlier cash flow or staged development pathways.

This optionality allows management to respond flexibly to commodity price cycles, funding conditions and strategic opportunities. It also reduces reliance on a single project outcome, enhancing resilience across different market environments.

Market and Industry Context

The transaction occurs against a backdrop of renewed interest in gold as a store of value amid persistent geopolitical uncertainty, inflationary pressures and volatile global markets. At the same time, consolidation activity within the gold sector has accelerated, as companies seek to secure scale, replace depleting reserves and optimise capital deployment.

Junior and mid-tier explorers with high-quality assets in proven jurisdictions have increasingly become acquisition targets, particularly where they offer district-scale potential or development-ready projects. Predictive Discovery’s move to acquire Robex reflects this broader industry trend, positioning the company not only as an exploration success story but also as an active consolidator.

Outlook

With court and shareholder approvals in hand, Predictive Discovery enters the final phase of completing the Robex acquisition. Attention will now turn to securing remaining government consents and planning post-completion integration.

Looking ahead, management is expected to continue advancing Bankan through resource growth and technical studies while assessing the optimal development pathway for the expanded portfolio. The strengthened asset base provides multiple avenues for value creation, whether through continued exploration success, project development or potential strategic partnerships.