Highlights

  • Robex shareholders approved the merger with Predictive Discovery by 94.54% of votes cast at a special meeting.
  • The transaction is scheduled for court review on 13 January 2026, with completion expected in Q1 2026.
  • Under amended terms, Robex investors will receive 7.862 Predictive shares per Robex share, equating to about 46.5% ownership of the combined entity on a fully diluted basis.

Robex Resources Inc. (ASX:RXR) has secured shareholder approval for its proposed merger with Predictive Discovery Limited (ASX:PDI),  advancing a transaction that would combine two West African gold portfolios under a single platform. The vote clears a major milestone ahead of court review and regulatory processes, with completion targeted for the first quarter of 2026.

Shareholder Vote Delivers Mandate

At a special meeting held on 30 December 2025, Robex shareholders voted in favour of the statutory plan of arrangement that will see Predictive, via a wholly owned subsidiary, acquire all issued and outstanding Robex shares. The resolution attracted 191,376,301 votes in favour and 11,061,528 votes against, exceeding the required two-thirds approval threshold. Full voting details are to be filed on SEDAR+.

The transaction will proceed under the Business Corporations Act (Québec) and remains subject to customary closing conditions, including approvals from the Superior Court of Québec (Commercial Division), the TSX Venture Exchange, and relevant government authorities.

What Comes Next

The final court hearing is scheduled for 13 January 2026. Subject to approvals, the merger is expected to close during the first quarter of 2026. Upon completion, Predictive will issue new ordinary shares to Robex shareholders in exchange for their holdings, resulting in a combined, dual-listed gold company with assets concentrated in Guinea and Mali.

Amended Terms and Ownership Structure

As announced on 10 December 2025, the amended arrangement provides that Robex shareholders will receive 7.862 fully paid Predictive ordinary shares for each Robex share held. Based on a fully diluted, in-the-money basis, Robex shareholders are expected to hold approximately 46.5% of the enlarged company.

The combination brings together Robex’s Kiniero and Nampala projects with Predictive’s Bankan project, creating a multi-asset gold platform in West Africa. The companies have outlined a pathway toward combined annual production exceeding 400,000 ounces by 2029, based on published feasibility studies.

Market Reaction

In trading on 31 December, Predictive Discovery shares were trading at AUD 0.747, down 2.287% for the session. Robex Resources shares were trading at AUD 5.700, up 3.825%.