Predictive Discovery (PDI) M&A Announcement summary

Deal rationale and strategic fit

• Merger creates the largest gold producer in Guinea and a leading mid-tier West African gold company, consolidating two major gold mines in the Siguiri Basin and forming a tier-1 mining hub with enhanced scale, operational depth, and market profile.

• Combined entity targets annual gold production exceeding 400,000 ounces by 2029 and a resource base of over 9 million ounces, with ore reserves of 4.5 million ounces.

• Enhanced access to capital, strategic relevance, and competitiveness through increased scale, dual ASX/TSX-V listing, and potential index inclusion.

• Strengthened management and board with proven African mine development experience and complementary expertise.

• The merger is expected to drive economic growth in Guinea, strengthen the local workforce, and improve infrastructure.

Financial terms and conditions

• All-share transaction via a plan of arrangement under Quebec law; Robex shareholders receive 8.667 PDI shares per Robex share.

• Enlarged company ownership: 51% PDI shareholders, 49% Robex shareholders, on a fully diluted basis.

• Pro forma market capitalization of approximately AUD 2.35 billion (CAD 2.17 billion), with primary ASX and secondary TSX-V listings.

• Reciprocal termination fees of AUD 37 million apply if the agreement is terminated under certain circumstances.

Synergies and expected cost savings

• Operational synergies include shared skills from Kiniero construction, centralized maintenance, optimized procurement, and combined exploration budgets.

• Cash flows from Kiniero and in-the-money options and warrants help de-risk Bankan development funding.

• Economies of scale in procurement, technology, and supplier relationships, plus reduced corporate overheads and improved access to in-country resources.

• Coordinated environmental and community engagement, maximizing local content and infrastructure development.