Merger Approval Secured but Production Guidance Still Pending for Robex

Kiniero Gold Project Breaks Ground with First Gold

Robex Resources has marked a pivotal moment in its West African expansion with the first gold pour at the Kiniero Gold Project in Guinea, achieved on 21 December 2025. This milestone, delivered on schedule and within budget, signals the transition of Kiniero from development to production phase, positioning Robex as a multi-asset gold producer in the region.

The initial gold output of 790 ounces in December reflects the successful commissioning of key processing infrastructure, including the SAG mill and primary crushing circuits. The company reports that ramp-up activities are proceeding as planned, with full nameplate capacity targeted for the first quarter of 2026. Complementary infrastructure such as the Phase 1B Tailings Storage Facility and power generation units have also been completed, underpinning operational readiness.

Steady Performance at Nampala Supports Growth

Meanwhile, Robex’s established Nampala Gold Mine in Mali continues to deliver consistent production, with 11,028 ounces produced and 11,272 ounces sold during the December quarter. For the full fiscal year 2025, Nampala recorded 45,429 ounces of gold production, maintaining steady operational metrics despite a slight dip in head grade to 0.68 grams per tonne. The mine’s improved throughput and stable recovery rates have contributed to robust cash flow, supporting the company’s broader growth strategy.

Merger with Predictive Discovery Advances

Robex’s strategic merger with Predictive Discovery Limited (ASX – PDI) has garnered overwhelming shareholder support, with 94.54% of votes cast in favour at a recent special meeting. This endorsement, coupled with final court approval from the Superior Court of Quebec, clears major hurdles toward completion, expected in the first quarter of 2026. Upon closing, the combined entity aims to establish itself as a mid-tier gold producer in West Africa, leveraging operational synergies and expanded resource portfolios.

The merger terms provide Robex shareholders with 7.862 PDI shares for each Robex share held, resulting in a near 46.5% ownership stake in the merged group on a fully diluted basis. This consolidation is anticipated to enhance capital access and operational scale, critical for advancing projects like Kiniero and Nampala.

Exploration and Community Engagement Remain Priorities

Exploration efforts continue apace, with drilling programs underway at Kiniero’s Sector Gobele and Sabali South areas, targeting resource expansion and potential new open pits. In Mali, near-mine exploration at Nampala’s Mininko permit has identified promising mineralised targets, supporting future mine life extension.

Robex also highlights its commitment to environmental stewardship and social responsibility. The Kiniero project has maintained a strong safety record with over 6.3 million hours lost-time injury free since January 2024, alongside active community programs focused on education and cultural engagement. Similarly, Nampala’s initiatives include significant contributions to local development funds and vocational training, reinforcing sustainable regional partnerships.

Capital Structure and Outlook

During the quarter, Robex successfully accelerated the expiry of warrants, resulting in the exercise of over 32 million warrants and raising gross proceeds of C$82.2 million. This capital injection strengthens the company’s financial position as it navigates the Kiniero ramp-up and merger completion.

While production and cost guidance for 2026 will be provided later in the second quarter, the company’s progress at Kiniero and steady output at Nampala set a positive foundation for the year ahead. Investors will be watching closely as Robex transitions into a multi-asset producer with enhanced scale and regional influence.