공고 • Apr 17

Predictive Discovery Limited (ASX:PDI) completed the acquisition of Robex Resources Inc. (TSXV:RBX) from Cohen Group, Inc., Eglinton Mining, and others in a merger of equals transaction.

Predictive Discovery Limited (ASX:PDI) entered into a definitive agreement to acquire Robex Resources Inc. (TSXV:RBX) from Cohen Group, Inc., Eglinton Mining, and others for approximately AUD 970 million in a merger of equals transaction on October 5, 2025. As part of the acquisition, Predictive Discovery will acquire all of the issued and outstanding shares of Robex Resources Inc. Under the terms of the agreement, Robex Resources shareholders will receive 8.667 Predictive Discovery Shares for each Robex Share. Predictive Discovery expects to issue an aggregate of approximately 2.1 billion Predictive Discovery Shares to Robex shareholders, based on the Robex Shares outstanding as at the date of this announcement. Following completion of the Transaction, existing PDI shareholders and former Robex shareholders will own approximately 51% and 49% respectively of the combined company on a fully diluted in-the-money basis and the combined company will remain listed on the Australian Securities Exchange (“ASX”) and will apply to list Predictive Discovery Limited’s ordinary shares on the TSX Venture Exchange. Robex shares are planned to be delisted from the TSX Venture Exchange. Robex CDIs are planned to be removed from quotation on the Australian Securities Exchange. The Agreement includes reciprocal termination fees of AUD 37 million payable by PDI or Robex, as applicable, in the event the Agreement is terminated in certain circumstances. As of October 15, 2025, The shareholder hereby consents to the decrease in the consideration as a result of amendment to the Exchange Ratio to 7.862 Predictive Shares for each Robex Share pursuant to the Amending Agreement, from a previous Exchange Ratio of 8.667 Predictive Shares for each Robex Share pursuant to the Original Arrangement Agreement. The combined company will be led by a combined board and management team of experienced mining and business leaders, bringing together their respective strengths and capabilities. Andrew Pardey, Chief Executive Officer and Managing Director of PDI, will act as Non-Executive Chairman of the combined company. The management team of the combined company will be led by Matthew Wilcox as Chief Executive Officer and Managing Director (Chief Executive Officer and Managing Director of Robex) and Alain William as Executive Director, Government Relations and Legal (Chief Financial Officer of Robex). Non-Executive Directors of the combined company will be Simon Jackson (Lead Independent), Steven Michael, Alberto Lavandeira and Howard Golden. The Transaction is subject to the satisfaction of closing conditions, including the approval of the Superior Court of Québec and the TSX-V, obtaining financing, the approval by the shareholders of Robex. The Transaction will not require PDI shareholder approval. Robex appointed a special committee of independent directors to consider and make a recommendation to the board of directors of Robex with respect to the Transaction. The deal has been unanimously approved by the board of directors of Predictive Discovery and Robex Resources Inc. The Transaction is expected to close in December 2025 or early 2026. The transaction is going to be highly accretive for all shareholders. As of December 30, 2025, Robex shareholders have approved the merger. As of January 13, 2026, Robex Resources Inc. obtained a final order from the QuébecSuperior Court (Commercial Division) approving the merger. As of January 30, 2026, the completion of the transaction is targeted on 1st quarter of 2026. As of April 8, 2026, all conditions precedent to the proposed merger have been satisfied or waived (as applicable). PDI has been conditionally approved for listing on the Toronto Stock Exchange under the ticker symbol “PDI” following Implementation. The transaction is now unconditional and proceeding to completion and implementation, with the effective date expected to occur on or around 15 April 2026. Following the implementation, Robex shares are planned to be delisted from the TSX Venture Exchange and Robex CDIs are planned to be removed from quotation on the Australian Securities Exchange. As of April 15, 2026, the merger is expected to be finalized by April 30, 2026. Canaccord Genuity Corp. acted as financial advisor and fairness opinion provider to board of Robex Resources Inc. Cormark Securities Inc. acted as fairness opinion provider and financial advisor to Special Committee of Robex Resources Inc. BMO Capital Markets acted as financial advisor to Predictive Discovery Limited. SCP Resource Finance LP acted as financial advisor to Predictive Discovery Limited. John Sabetti and Zach Austin of Fasken Martineau DuMoulin LLP acted as legal advisor to Predictive Discovery Limited. Paul Branston of Herbert Smith Freehills acted as legal advisor to Predictive Discovery Limited. GenCap Mining Advisory Ltd. acted as financial advisor to Predictive Discovery Limited. Shaun McRobert of Peloton Legal Pty Ltd acted as legal advisor to Robex Resources Inc. Alan Hutchison, Jean-Philippe Bertrand, Minji Park, Kim Maguire and Fabrice Benoît of Osler, Hoskin & Harcourt LLP acted as legal advisor to Robex Resources Inc. Simmons & Simmons LLP acted as legal advisor to Robex Resources Inc. Crux Law Pty Ltd acted as legal advisor to Robex Resources Inc. Laurel Hill Advisory Group, LLC acted as proxy solicitation agent for Robex. Computershare Investor Services Inc. acted as transfer agent for Robex. Predictive Discovery Limited (ASX:PDI) completed the acquisition of Robex Resources Inc. (TSXV:RBX) from Cohen Group, Inc., Eglinton Mining, and others in a merger of equals transaction on April 16, 2026. Robex is now part of Predictive Discovery Limited

공고 • Jan 17

Updated Kiniero Feasibility Study Achieves Increase +46% in Gold Reserves and +89% NPV to USD 322 Million

-- Robex Resources Inc. announced the results of an updated feasibility study for Its Kiniero Gold Project (the Kiniero Gold Project, or the Project) in Conakry, Guinea. Using a base case gold price of USD 1800/oz, the Study demonstrates Kiniero's ability to produce an average of 139,000oz of gold per year at a USD 1,066/oz AISC over the 9-year LoM, with an average gold production of 154,000oz per year in the first six years. Mine plan optimization efforts prioritized a stable, long mine life, rather than peak upfront production. Robex is on track to pour first gold at Kiniero in Fourth Quarter 2025, with construction already underway on the 5 million tonne per annum (Mtpa) processing plant, with a 6Mtpa capacity on early year high oxide blends and associated infrastructure. The company will continue its near-mine exploration efforts to extend the LoM rapidly in conjunction with the annual production. Robex is still in advance discussions with lenders for a debt facility which is expected to close in First Quarter 2025. In addition, with the high prospectivity of property the company will be growing the current production and LoM very rapidly. The company expects to average gold production of nearly 140,000oz of gold a year over the project's 9-year life, with early gold production of 153,000oz a year over the first six years ideally timed to benefit from the current high gold price environment. An additional 25,000m of drilling has been completed and it will be part of an updated MRE to potentially further increase the resources and reserves which should be released in Q2, 2025. The FS was prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The independent NI 43-101 technical report supporting the Kiniero Gold Project Feasibility Study Update will be published on SEDAR at www.sedar.com within the next 45 days. The FS was prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The Kiniero Gold Project construction has commenced with civil (concrete) works on the process plant, the erection of the Carbon-in Leach/Gravity ("CIL") tanks, and the clearing of the tailings dam basin. The Project engineering is approximately 75% complete, all long lead items have been purchased, and 95% of other equipment has been tendered. The Project is currently on track to pour first gold by the end of calendar year 2025. The Project is located in eastern Guinea in the Kouroussa Prefecture. It is situated 27km southeast of the town of Kouroussa and 546km from Conakry, the capital of Guinea. The Kiniero Gold Project is a 470.48km² exploitation and exploration land package that consists of the adjoining Kiniero exploitation Licence Area and Mansounia exploitation Licence Area. The Kiniero Gold Project is one of the largest gold licences in Guinea. Kiniero gold deposits, located in the prolific gold-producing Siguiri Basin, were discovered in the early 1900s and were subsequently explored until 2002 when gold production began under the ownership of SEMAFO Inc. and its subsidiary SEMAFO Guinée SA. The historical Kiniero gold mine comprised an open pit mining operation that produced 418,000 ounces of gold during its 12- year operational history. The mine was placed on care and maintenance in early 2014. Given the strong exploration potential, a combination of near plant brownfields infill and known extension, as well as greenfield large-scale targets, Robex is targeting (i) the discovery of Mineral Resources across the Kiniero exploration permit area over the next few years, and (ii) the conversion of Mineral Resources into Mineral Reserves. An extensive drilling program is ongoing on the numerous identified deposits to increase the resource base and extend the LoM at Kiniero predominately through extending the drilling density at depth and along known strike extensions. Since the beginning of the construction, Robex has been committed to involve village communities in the mine's development, as well as exploring sustainable power energy source to reduce and limit its environmental footprint. The property is located within the Kiniero Gold District of the Siguiri Basin, which is situated in north-eastern Guinea, extending into central Mali. Geologically, the Siguiri Basin comprises a portion of the West Africa Birimian Greenstone Belt, including intrusive volcanics (ultramafics to intermediate) and sediments largely deposited through the period 2.13 Ga to 2.07 Ga. The volcanic and sedimentary lithologies comprise fine-grained sedimentary rocks (shales and siltstones), with some intercalated volcanic rocks. Sandstone-greywacke tectonic corridors have been preferentially altered and locally silicified, supporting extensive brittle fracture networks. These in turn have provided host environments for ascending mineralized hydrothermal fluids. The deposits located on the property are associated with the Proterozoic Birimian orogeny of West Africa. Most gold mineralization in the West African Craton is shear-zone-hosted and structurally controlled, with lithology having a minor, local influence. The mineralization developed in the Kiniero Gold District conforms to this general style of mineralization. The process plant design is based on a metallurgical flowsheet developed for flexible operation between the various types of ore while maintaining the throughput and gold recovery. Ore will be processed on-site, at a centrally located processing facility near the mining areas. The gold will be recovered in a beneficiation plant that has been designed to process a blend of oxide, laterite, transition, and fresh ores from various ore deposits. Oxide and upper transition ores (soft) require less comminution energy than laterite and fresh ore (hard). However, they present other challenges in handling due to the sticky nature of oxide ore types, justifying dedicated crushing devices for soft and hard ores. The process plant design has been based on a nominal capacity of 5.0 Mtpa with 35% fresh in mill feed to 6.0 Mtpa with 18% fresh ore in feed. The flowsheet includes two crushing circuits, semi-autogenous, ball grinding, and pebble crushing milling (SABC), dual CIL circuits, split Anglo-American Research Laboratories ("AARL") elution, gold electrowinning, and carbon regeneration that are well proven in the industry. The Project benefits from good infrastructure close to the site, and a limited relocation requirement as there are no villages on the site. Existing mining infrastructure will be refurbished with minimal additional infrastructure required.

이자보상배율	7.2x
현금	CA$103.96m
자본	CA$488.29m
총부채	CA$384.63m
총자산	CA$872.92m

데이터	최종 업데이트 (UTC 시간)
기업 분석	2026/04/15 00:00
종가	2026/04/15 00:00
수익	2025/12/31
연간 수익	2025/12/31

패키지	데이터	기간	미국 소스 예시 ^*
기업 재무제표	10년	손익계산서 현금흐름표 대차대조표	SEC 양식 10-K SEC 양식 10-Q
분석가 컨센서스 추정치	+3년	재무 예측 분석가 목표주가	분석가 리서치 보고서 Blue Matrix
시장 가격	30년	주가 배당, 분할 및 기타 조치	ICE 시장 데이터 SEC 양식 S-1
지분 구조	10년	주요 주주 내부자 거래	SEC 양식 4 SEC 양식 13D
경영진	10년	리더십 팀 이사회	SEC 양식 10-K SEC 양식 DEF 14A
주요 개발	10년	회사 공시	SEC 양식 8-K

분석가	기관
Paul Howard	Canaccord Genuity
Don Blyth	Paradigm Capital, Inc.

This company listing is no longer active

Robex Resources 대차대조표 건전성

재무 건전성 기준 점검 5/6

핵심 정보

최근 재무 건전성 업데이트

Robex Resources Inc. Expects its Shares to Be Delisted from TSX-V on 16 April 2026

Robex Resources (CVE:RBX) Is Making Moderate Use Of Debt

Robex Resources (CVE:RBX) Has A Somewhat Strained Balance Sheet

Is Robex Resources (CVE:RBX) Using Too Much Debt?

These 4 Measures Indicate That Robex Resources (CVE:RBX) Is Using Debt Reasonably Well

Here's Why Robex Resources (CVE:RBX) Can Manage Its Debt Responsibly

Recent updates

Predictive Discovery Limited (ASX:PDI) completed the acquisition of Robex Resources Inc. (TSXV:RBX) from Cohen Group, Inc., Eglinton Mining, and others in a merger of equals transaction.

Robex Resources Inc. Expects its Shares to Be Delisted from TSX-V on 16 April 2026

New major risk - Revenue and earnings growth

Full year 2025 earnings released: CA$0.66 loss per share (vs CA$0.095 loss in FY 2024)

Robex Resources Inc. Achieves Commercial Production At the Kiniero Gold Project

Robex Pours First Gold At Kiniero on Schedule and Budget

Third quarter 2025 earnings released: CA$0.081 loss per share (vs CA$0.13 profit in 3Q 2024)

Key Executive exercised options to buy CA$1.8m worth of stock.

Predictive Discovery Limited (ASX:PDI) entered into a definitive agreement to acquire Robex Resources Inc. (TSXV:RBX) for approximately CAD 790 million in a merger of equals transaction.

Insider recently bought CA$8.1m worth of stock

Robex Resources Inc. Provides Update on Construction At Kiniero

Second quarter 2025 earnings released: CA$0.19 loss per share (vs CA$0.018 loss in 2Q 2024)

Robex Resources Inc. Provides Production Guidance for the Year 2025

Robex Resources Inc. Announces Progress on Kiniero Gold Project, Targeting First Gold Production in Fourth Quarter of 2025

Robex Resources Inc. Reports Results from the Mansounia Grade Control Drilling for Its Kiniero Gold Project in Guinea, West Africa

Robex Resources Inc., Annual General Meeting, Sep 03, 2025

Robex Resources Inc. Provides Project Construction Update for Its Kiniero Gold Project in Guinea, West Africa

Independent Non Executive Director recently bought CA$71k worth of stock

Robex Resources Inc. Reports Nampala Mine Production Guidance for the Full Year of 2025

First quarter 2025 earnings released: CA$0.18 loss per share (vs CA$0.32 loss in 1Q 2024)

Robex Resources Inc. Provides May 2025 Project Construction Update for its Kiniero Gold Project in Guinea, West Africa

Robex Resources Inc. has filed a Follow-on Equity Offering in the amount of AUD 120 million.

New major risk - Revenue and earnings growth

Full year 2024 earnings released

New major risk - Revenue and earnings growth

Price target increased by 13% to CA$4.45

Robex Resources Inc. has completed a Follow-on Equity Offering in the amount of CAD 29.565278 million.

Robex Resources Inc. has filed a Follow-on Equity Offering in the amount of CAD 30.00011 million.

Robex Resources Inc. announced that it expects to receive CAD 30.00011 million in funding

Updated Kiniero Feasibility Study Achieves Increase +46% in Gold Reserves and +89% NPV to USD 322 Million

Robex Resources Inc. Provides Project Development Update for Kiniero Gold Project in Guinea

Second quarter 2024 earnings released: CA$0.018 loss per share (vs CA$0.051 profit in 2Q 2023)

Robex Resources Inc. has completed a Composite Units Offering in the amount of CAD 109.999904 million.

Robex Resources Inc. announced that it expects to receive CAD 55 million in funding

Robex Resources (CVE:RBX) Is Making Moderate Use Of Debt

First quarter 2024 earnings released: CA$0.32 loss per share (vs CA$0.076 profit in 1Q 2023)

New minor risk - Shareholder dilution

Robex Resources Inc. Announces Maiden 303Koz Indicated Mineral Resources At the Mansounia Deposit

Full year 2023 earnings released: CA$0.074 loss per share (vs CA$0.48 profit in FY 2022)

Robex Resources Inc., Annual General Meeting, Jun 26, 2024

Robex Resources Inc. (CVE:RBX) Stock Catapults 55% Though Its Price And Business Still Lag The Market

Investor sentiment improves as stock rises 16%

Now 20% undervalued after recent price drop

New minor risk - Market cap size

Robex Resources (CVE:RBX) Has A Somewhat Strained Balance Sheet

Now 22% overvalued

Now 26% overvalued after recent price rise

Investors Could Be Concerned With Robex Resources' (CVE:RBX) Returns On Capital

Third quarter 2023 earnings released: EPS: CA$0.007 (vs CA$0.012 in 3Q 2022)

Is Robex Resources (CVE:RBX) Using Too Much Debt?

Robex Resources Inc. Announces Positive Drilling Results at Mansounia Extending Strike to 5Km

Less than half of directors are independent

Robex Resources Inc. Provides Production Guidance for the Year 2023

Robex Resources Inc. Announces Management and Board Changes

Second quarter 2023 earnings released: EPS: CA$0.005 (vs CA$0.013 in 2Q 2022)

Robex Resources Inc. Announces Board Appointments

Robex Resources Inc. Reports A Feasibility Study for Kiniero with Significantly Improved Economics Vs PFS

Robex Resources Inc. Appoint Executives

There Are Reasons To Feel Uneasy About Robex Resources' (CVE:RBX) Returns On Capital

First quarter 2023 earnings released: EPS: CA$0.008 (vs CA$0.021 in 1Q 2022)

Full year 2022 earnings released: EPS: CA$0.048 (vs CA$0.026 in FY 2021)

These 4 Measures Indicate That Robex Resources (CVE:RBX) Is Using Debt Reasonably Well

Robex Resources Inc. Announces Strike Extension Drilling Results at SGA Complex on its Property in Guinea

Robex Resources Inc. Announces Incident at Nampala, Mali

Third quarter 2022 earnings released: EPS: CA$0.012 (vs CA$0.007 in 3Q 2021)

Robex Resources Inc. to Announce Exploration Results on Its Property in Guinea

Here's Why Robex Resources (CVE:RBX) Can Manage Its Debt Responsibly

Robex Resources Inc. (TSXV:RBX) completed the acquisition of Sycamore Mining Ltd for approximately €100 million.