PDI Completes Merger with Robex to Form Leading West African Gold Producer Targeting 400,000oz Annual Production by 2029
Predictive Discovery Limited has finalized its acquisition of Robex Resources, creating a combined entity aiming for over 400,000 ounces of gold production annually by 2029. The merger consolidates two key West African gold projects under one ASX and TSX-listed company.
- Merger completed via statutory plan of arrangement
- Approximately 2.17 billion PDI shares issued to Robex shareholders
- Combined production target exceeds 400,000 ounces gold per annum by 2029
- PDI shares to list on both ASX and TSX, Robex shares delisted
- Change in PDI company secretary following transaction
Merger Finalized Creating West African Gold Powerhouse
Predictive Discovery Limited (ASX:PDI) has officially completed its merger with Robex Resources Inc. (ASX:RXR, TSXV: RBX), marking a significant consolidation in West Africa’s gold mining sector. Effective 15 April 2026, PDI acquired all outstanding Robex shares through a statutory plan of arrangement, issuing approximately 2.17 billion new PDI shares valued at around A$2.02 billion to former Robex shareholders. This deal positions the combined company as a leading gold producer targeting annual output exceeding 400,000 ounces by 2029.
The merger brings together PDI’s Bankan Project and Robex’s Kiniero Project, both located in West Africa, forming a portfolio with complementary assets and development timelines. The production targets are underpinned by recent feasibility studies, with Bankan expected to produce 272,000 ounces annually starting April 2028 and Kiniero contributing 155,000 ounces by 2029. These figures reflect the companies’ confidence in their operational plans and project economics.
Dual Listing and Share Delisting Arrangements
Following the transaction, PDI shares will be dual-listed on the Australian Securities Exchange and the Toronto Stock Exchange, commencing trading on the TSX from 20 April 2026 and on the ASX from 22 April 2026. Meanwhile, Robex shares and Chess Depositary Interests have been or are being delisted from the TSX Venture Exchange and the ASX respectively, with the TSXV delisting expected by 17 April 2026. This transition simplifies the capital structure and consolidates shareholder interests under the PDI ticker.
Former Robex shareholders must submit transmittal documents to receive their PDI shares, a procedural step managed by Computershare Investor Services. The merger also triggered a change in PDI’s company secretary, with Matthew Foy replacing Ian Hobson.
Strategic Implications and Next Steps
The completion of this merger follows the recent final administrative approval from Quebec, which was the last regulatory hurdle before the deal’s effectiveness. Together, PDI and Robex now command a sizeable footprint in West Africa’s gold mining landscape, with a combined resource base estimated at approximately 9.5 million ounces. The companies have highlighted strong cash positions and no debt, which should support ongoing development and exploration activities.
Market participants will be watching closely how the newly combined entity executes on its ambitious production targets and navigates the operational integration of two previously independent companies. The dual listing on major exchanges offers broader investor access but also adds layers of compliance and reporting complexity.
Bottom Line?
The merger sets a clear path for PDI to emerge as a dominant West African gold producer, but delivering on the 2029 production targets will require seamless integration and sustained project execution.
Questions in the middle?
- How will PDI manage integration risks between Bankan and Kiniero projects?
- What operational milestones should investors monitor as production ramps up?
- Could market conditions or regulatory changes in West Africa impact the production timeline?
