Robex Resources (RBX) M&A Announcement summary

Deal rationale and strategic fit

• Merger creates Guinea's largest gold producer and a leading West African mid-tier gold company, consolidating two of the region's largest, lowest-cost, and most advanced gold projects with a combined resource base of over 9 million ounces and expected annual production exceeding 400,000 ounces by 2029.

• Establishes a multi-asset platform in the Siguiri Basin, building a fast-growth gold hub and enhancing scale, access to capital, and competitiveness.

• The combined entity benefits from complementary expertise, a proven leadership team, and a diversified asset base, strengthening operational resilience and market positioning.

• The merger simplifies stakeholder relationships in Guinea and supports the country's emergence as a top gold producer in Africa.

Financial terms and conditions

• All-share transaction: Robex shareholders receive 8.667 Predictive Discovery shares per Robex share; no cash consideration.

• Pro forma ownership: Predictive Discovery shareholders 51%, Robex shareholders 49% on a fully diluted basis.

• Combined market capitalization estimated at A$2.35 billion (C$2.17 billion), with primary listing on ASX and secondary on TSX Venture Exchange.

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

Synergies and expected cost savings

• Operational synergies include shared expertise in mine construction, centralized maintenance, optimized procurement, and economies of scale.

• Cost savings from proximity of mines, shared infrastructure, and reduced corporate overheads.

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

• Enhanced exploration potential with combined acreage and coordinated campaigns.