Robex Resources

Robex Resources filed an addendum revising its statutory plan of arrangement with Predictive Discovery. The amended exchange ratio is 7.862 Predictive shares per Robex share, giving former Robex shareholders about 46.5 % of the combined entity and Predictive shareholders roughly 53.5 % on a fully‑diluted basis. The pro‑forma market capitalisation is A$1.252 billion with 5.09 billion securities and accumulated losses of A$125.4 million (June 30 2025). The special shareholders’ meeting is now set for December 30 2025; proxy and CDI voting deadlines are December 29 and December 28, respectively.

Robex Resources announced that the first ore charge was delivered to the Kiniéro mill in Guinea on Dec 11 2025, confirming that mechanical, electrical and instrumentation systems are meeting design specifications. Commissioning remains on schedule, with the first gold pour targeted for December 2025 and a ramp‑up to commercial production expected in Q1 2026. Management said further project updates will be provided in the coming weeks.

Predictive Discovery (PDI) and Robex Resources announced a merger on October 5, 2025, aiming to create a West Africa-focused gold producer. Robex shareholders will receive 8.667 PDI shares per Robex share. The combined company targets >400kozpa Au production by 2029, with Mineral Resources ≈9.5Moz Au and Ore Reserves ≈4.5Moz Au, implying a market cap of ~A$2,350m. The deal, expected to close in December 2025 or early 2026, requires approvals from the court, TSX-V, and Robex shareholders.

Robex Resources (RSRBF) has accelerated the expiry of its 2024 warrants to October 18, 2025, triggered by its share price exceeding C$3.50 for ten consecutive days. If all 57,759,921 outstanding warrants are exercised at C$2.55, Robex anticipates C$147.3 million in proceeds. These funds will support exploration at the Kiniero Gold Project, mine development, and corporate initiatives. First gold pour is expected in December 2025, with commercial production targeted for Q1 2026.