Predictive Discovery (ASX:PDI) and Robex Resources (ASX:RXR) have completed all conditions precedent to a proposed merger occurring on or around 15 April 2026.
After completing these conditions, the transaction is now unconditional and will proceed to implementation.
The conditions see shareholders receiving 7.86 Predictive shares for each Robex share or CHESS depositary interest held.
Robex CEO Matthew Wilcox will resume his role at the combined company, as well as taking on the role of Managing Director. Wilcox says the completion of merger conditions is a “major milestone” for both companies.
“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,” Wilcox says.
“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.”
Predictive Discovery CEO and Managing Director Andrew Pardey will step into the role of Non-Executive Chairman for the combined company, saying that the 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,” Pardey says.
“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.”
The combined company’s board will also include Alain William as Executive Director and Chief Legal and Government Relations Officer; Simon Jackson as lead independent non-executive director; and Steven Michael, Alberto Lavandeira, and Howard Golden as non-executive directors.
The executive management team will include Clinton Bennett as Chief Operating Officer, Ross McLean as Chief Financial Officer, Dimitrios Felekis as Chief Development Officer, Justin Rivers as Chief Exploration Officer, and Gwendal Bonno as Chief Human Resources Officer.
Write to Maddison Elliott at Mining.com.au
Images: Predictive Discovery
