Unconditional Approval Achieved
Predictive Discovery Limited (ASX: PDI) and Robex Resources Inc. (ASX: RXR, TSX-V: RBX) announced that their merger is proceeding to completion with an effective date expected around 15 April 2026. This merger has satisfied or waived all conditions precedent, making it unconditional.
Robex shareholders will receive 7.862 PDI shares for each Robex share or CHESS Depositary Interest (CDI). The merger aims to create a leading West African gold company targeting production of over 400,000 ounces of gold annually by 2029. This merger aligns a world-class mine-building and operations team with the tier-one Bankan Project.
Matthew Wilcox, Chief Executive Officer & Managing Director of Robex and incoming CEO of the combined company, remarked, “This marks a major milestone for both Robex and PDI. The combination brings together a portfolio of high-quality gold assets, a strengthened balance sheet, and meaningful financing synergies.”
The combined company will be led by Matthew Wilcox as CEO and Managing Director, with Andrew Pardey taking on the role of Non-Executive Chairman. A detailed trading timetable for shareholders will be issued before the merger’s implementation. After the merger, PDI will be conditionally approved to list on the Toronto Stock Exchange under the symbol ‘PDI’.
The merger will be implemented through a statutory plan of arrangement in Québec, Canada. In-principle approval has been granted by the Minister of Mines and Geology in Guinea, and there is ongoing engagement with the Government of Mali to ensure a smooth transition.
Andrew Pardey, Chief Executive Officer & Managing Director of PDI and incoming Non-Executive Chairman, stated, “This transaction brings together two highly complementary organisations with shared conviction on asset quality, execution, and long-term value creation.”
The partnership is set to create a gold company with enhanced scale and a clear strategic focus. The group aims to establish a tier-one gold mining hub in Guinea, producing over 400,000 ounces of gold annually by 2029, supported by strong governance and prudent capital management.
Following the merger, financing synergies will support the Bankan Project without requiring additional equity or project finance debt. PDI has been conditionally approved for listing on the Toronto Stock Exchange, marking a significant expansion of its market presence.
This merger also emphasises the strategic focus on asset quality and governance, ensuring a robust pathway for sustainable growth in the West African region. The combined entity is expected to leverage its strengthened portfolio to achieve its ambitious production targets.
