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Robex Resources Inc. (ASX:RXR)

ALERT: Price-sensitive ASX Announcement for RXR
Current share price for RXR : $7.230 3 (70.92%)+
Announcement
Release
6 Oct 2025 8:21AM
Price at Release
$4.230
Full Release
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Summary
Predictive Discovery Limited (PDI) and Robex Resources Inc. have announced a merger of equals, aiming to create a major mid-tier gold producer in West Africa. The combined entity will leverage PDI's Bankan Project and Robex's Kiniero Project, both in Guinea, to exceed a projected annual production of 400,000 ounces of gold by 2029. This merger is set to boost economic growth in Guinea, offering significant exploration potential and enhancing the capital markets profile of the combined company. The transaction involves PDI acquiring all issued and outstanding Robex shares, with an exchange ratio set at 8.667 PDI shares for each Robex share. The management team, led by Matthew Wilcox and Andrew Pardey, brings significant in-country experience to the venture. The merger, expected to close by the end of 2025, will also increase the company's relevance in capital markets through potential inclusion in major indices.
Key Points
  • Merger of equals between Predictive Discovery Limited and Robex Resources Inc.
  • Combined production expected to exceed 400,000 ounces of gold annually by 2029.
  • Transaction includes PDI acquiring all Robex shares with an exchange ratio of 8.667.
  • Management team with proven in-country experience in West Africa.
  • Merger aims to boost economic growth and exploration potential in Guinea.
  • Completion expected by end of 2025, with enhanced capital markets profile.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.