Fasken advising Predictive Discovery; Osler representing Robex
Predictive Discovery Limited (PDI) and Robex Resources Inc. have agreed to merge in a deal that will create a gold-focused company with an implied market capitalization of approximately A$2.35 billion on a fully diluted in-the-money basis. Under the terms of the agreement, PDI will acquire all outstanding shares of Robex through a statutory plan of arrangement under Quebec law. Once the transaction closes, the combined entity will remain listed on the Australian Securities Exchange and seek a secondary listing on the TSX Venture Exchange.
Shareholders of PDI and Robex will own roughly 51 percent and 49 percent of the merged company, respectively, on a fully diluted in-the-money basis. The new company will bring together Robex’s operating Nampala Gold Mine in Mali and the under-construction Kiniero Project in Guinea, with PDI’s flagship Bankan Project in Guinea, which is targeting a final investment decision in the second quarter of 2026. The Bankan Project is expected to produce around 250,000 ounces of gold per year over 12 years, while Kiniero aims for first gold in December 2025 and an average of 139,000 ounces annually over nine years. Nampala is forecast to produce 46,000 to 47,000 ounces in 2025.
Leadership of the combined company will include Andrew Pardey (PDI) as non-executive chairman, Matthew Wilcox (Robex) as CEO and managing director, and Alain William (Robex) as executive director, government relations and legal. The board will also include Simon Jackson, Steven Michael, Alberto Lavandeira, and Howard Golden.
“By combining two of West Africa’s largest and most advanced gold development projects and leveraging the proven track record of both management teams in Africa, we are creating a company that positions Guinea to become one of Africa’s top five gold producers,” said PDI CEO and managing director Andrew Pardey in a press release. “The new, diversified company will not only further de-risk our flagship Bankan Project, but also deliver enduring value for shareholders, the communities where we operate and Guinea as a whole.”
“This combination marks a transformative step for both companies, creating a platform with the scale, assets and capability to deliver long-term value,” said Robex CEO and managing director Matthew Wilcox. “As incoming CEO and Managing Director of the combined company, I am excited to lead a team that brings together deep operational experience, proven development expertise and a shared commitment to responsible growth in West Africa. I look forward to overseeing the successful commissioning of the Kiniero Project and rapidly advancing the development of the Bankan Project.”
Advisors to PDI include BMO Capital Markets and SCP Resource Finance LP (financial), Fasken Martineau DuMoulin LLP (Canadian legal), and Herbert Smith Freehills Kramer (Australian legal), with GenCap Mining Advisory advising the PDI Board.
Robex is advised by Canaccord Genuity (financial), Peloton Legal Pty Ltd (Australian legal), Osler, Hoskin & Harcourt LLP (Canadian legal), Simmons & Simmons LLP (local matters), Crux Law Pty Ltd (debt financing), and Cormark Securities Inc. (Robex Special Committee).
The transaction is expected to close in December 2025 or early 2026.
