TRANSACTION HIGHLIGHTS
Creates West Africa’s subsequent mid-tier gold producer by combining two of the continent’s largest, lowest-cost, and most superior initiatives. Mixed manufacturing anticipated to exceed 400kozpa Au 1 by 2029. Mixed Mineral Sources of roughly 9.5Moz Au 2 inclusive of Ore Reserves 3 of roughly 4.5Moz Au 4 with vital exploration upside potential. Transaction will drive financial progress in Guinea, strengthen native labour drive, improve vital infrastructure and companies, and construct lasting native partnerships. Improvement funding for PDI’s Bankan mission (the “Bankan Venture”) can be considerably de-risked by leveraging money flows from Robex’s Kiniero mission (the “Kiniero Venture”) and the continuing train of Robex’s in-the-money warrants and choices. Mixed management workforce, led by Andrew Pardey as Non-Government Chairman and Matthew Wilcox as CEO and Managing Director, possesses a confirmed in-country monitor document and ability set to develop and function the mixed portfolio. Tier-1 mining hub in Guinea established by proximity of PDI’s Bankan Venture and Robex’s Kiniero Venture, situated inside a 30km radius of one another. Enhanced scale, multi-asset portfolio and proposed twin itemizing will enhance the mixed firm’s capital markets profile, paving the way in which for a possible share worth re-rate. All administrators and sure govt officers of Robex, in addition to two of Robex’s largest shareholders, which collectively personal roughly 25.5% of Robex’s excellent widespread shares (“Robex Shares”), have entered into voting help agreements with PDI (as outlined under).
Predictive Discovery Restricted (“PDI”) (ASX: PDI) and Robex Sources Inc. (“Robex”) (TSX-V: RBX, ASX: RXR) are happy to announce that they’ve entered right into a definitive settlement to mix in a merger of equals, whereby PDI will purchase all the issued and excellent Robex Shares by means of a statutory plan of association underneath the Enterprise Firms Act (Quebec) (the “Transaction”). Following completion of the Transaction, the mixed firm will stay listed on the Australian Securities Trade (“ASX”) and can apply to checklist PDI’s odd shares (“PDI Shares”) on the TSX Enterprise Trade (“TSX-V”).
TRANSACTION DETAILS
PDI and Robex entered right into a definitive association settlement dated 5 October 2025 (the “Settlement”), pursuant to which PDI will not directly purchase all the issued and excellent Robex Shares by means of a statutory plan of association underneath the Enterprise Firms Act (Quebec) (the “Plan of Association”).
Below the Plan of Association and in accordance with the phrases of the Settlement, Robex shareholders will obtain 8.667 PDI Shares for every Robex Share (the “Trade Ratio”) held instantly previous to the efficient time of the Transaction (the “Efficient Time”).
In reference to closing of the Transaction, PDI expects to subject an mixture of roughly 2,115 million PDI Shares to Robex shareholders, primarily based on the Robex Shares excellent as on the date of this announcement. PDI might also subject as much as roughly 497 million further PDI Shares topic to conversion of any Robex convertible securities into Robex Shares previous to the Efficient Time, together with as much as roughly 281 million PDI Shares from the conversion of Robex’s 32.38 million warrants with an train worth of C$2.55 per warrant, which not too long ago had the expiry date accelerated to 18 October 2025. 5
Following completion of the Transaction, present PDI shareholders and former Robex shareholders will personal roughly 51% and 49% respectively of the mixed firm on a totally diluted in-the-money foundation. The implied market capitalization of the mixed firm is estimated at A$2,350 million (C$2,168 million) on a totally diluted in-the-money foundation. 6
Below the Plan of Association and in accordance with the Settlement, any of Robex’s convertible securities, together with its excellent warrants, choices and different incentive securities, which aren’t exercised previous to the Efficient Time will stay excellent in accordance with their phrases and, after the Efficient Time, can be exercisable for PDI Shares in lieu of Robex Shares, offered that the variety of PDI Shares and train worth for every PDI Share will every be adjusted primarily based on the Trade Ratio.
The mixed firm can be led by a mixed board and administration workforce of skilled mining and enterprise leaders, bringing collectively their respective strengths and capabilities. The Transaction is anticipated to shut in December 2025 or early 2026.
PDI and Robex will host two joint webcasts in the present day, which traders and analysts are inspired to hitch utilizing the hyperlinks offered additional under on this announcement.
STRATEGIC RATIONALE FOR THE TRANSACTION
PDI’s key asset is the Bankan Venture in Guinea, which has estimated common manufacturing of roughly 250koz each year over 12 years, 7 and is advancing in the direction of a remaining funding determination focused for the second quarter of 2026. Robex is at present developing the Kiniero Venture in Guinea, which is on schedule to attain first gold manufacturing in December 2025 and is anticipated to provide a median of 139koz each year over 9 years. 8 Robex additionally operates the Nampala gold mine (“Nampala Venture”) in Mali, which is forecast to provide 46-47koz in 2025. 9
Key strategic, monetary and operational benefits of the mixed firm embrace the next:
Pathway to turning into one among West Africa’s main gold producers: Combines two of the doubtless largest, lowest price and most superior gold initiatives in West Africa, enhancing scale, entry to capital, strategic relevance and competitiveness; the mixed firm is anticipated to have +400kozpa Au 10 of manufacturing by 2029, mixed Mineral Sources of roughly 9.5Moz Au 11 and mixed Ore Reserves of roughly 4.5Moz Au. 12 Flexibility by way of leveraging money flows from Robex to fund growth of the Bankan Venture: Important money flows anticipated to be generated from the Kiniero Venture and the continuing train of in-the-money warrants and choices, which might help growth of the Bankan Venture. Proper administration and board ability set to drive worth creation: Strengthened workforce with a confirmed in-country monitor document and complementary ability set to develop and function mines in West Africa, and with in depth expertise working inside dual-listed and huge mining firms in Africa. Robex’s main growth workforce are prepared to maneuver from the Kiniero Venture’s building to the Bankan Venture’s growth, making use of classes realized and optimizing workforce deployment. Potential for significant upside: Proximity of the Bankan Venture and Kiniero Venture creates a tier-1 mining hub with potential for significant upside, coordinated growth, working and exploration methods, and enhanced potential to leverage in-country sources. Enhanced capital markets presence: Larger scale and multi-asset nature of the mixed firm, with potential inclusion within the ASX 200 and VanEck Junior Gold Miners (“GDXJ”) indices, enhancing its relevance and attractiveness to traders, positioning it for a possible share worth re-rate.
Andrew Pardey, Chief Government Officer and Managing Director of PDI, commented: ” By combining two of West Africa’s largest and most superior gold growth initiatives and leveraging the confirmed monitor document of each administration groups in Africa, we’re creating an organization that positions Guinea to develop into one among Africa’s high 5 gold producers. The brand new, diversified firm is not going to solely additional de-risk our flagship Bankan Venture, but in addition ship enduring worth for shareholders, the communities the place we function and Guinea as an entire.”
Matthew Wilcox, Chief Government Officer and Managing Director of Robex, commented: “This mix marks a transformative step for each firms, making a platform with the size, property and functionality to ship long-term worth. As incoming CEO and Managing Director of the mixed firm, I’m excited to guide a workforce that brings collectively deep operational expertise, confirmed growth experience and a shared dedication to accountable progress in West Africa. I look ahead to overseeing the profitable commissioning of the Kiniero Venture and quickly advancing the event of the Bankan Venture.”
BOARD
Andrew Pardey, Chief Government Officer and Managing Director of PDI, will act as Non-Government Chairman of the mixed firm. The administration workforce of the mixed firm can be led by Matthew Wilcox as Chief Government Officer and Managing Director (Chief Government Officer and Managing Director of Robex) and Alain William as Government Director, Authorities Relations and Authorized (Chief Monetary Officer of Robex). Non-Government Administrators of the mixed firm can be Simon Jackson (Lead Impartial), Steven Michael, Alberto Lavandeira and Howard Golden.
TRANSACTION AND THE PLAN OF ARRANGEMENT
The Transaction is topic to the satisfaction of closing situations customary for a transaction of this nature, together with the approval of the Superior Court docket of Québec and the TSX-V. The Transaction may also require the approval of not less than 66⅔% of the votes solid in particular person or proxy by the shareholders of Robex voting at a particular assembly of Robex shareholders (the “Robex Assembly”), and, if required underneath Canadian legislation, a easy majority of the votes solid by Robex shareholders excluding for this function the votes held by any particular person required underneath Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions. The Transaction is not going to require PDI shareholder approval.
The Settlement consists of customary representations and warranties for a transaction of this nature in addition to customary interim interval covenants relating to the operation of Robex’s and PDI’s companies. The Settlement additionally consists of customary reciprocal deal protections, together with fiduciary-out provisions, non-solicitation covenants, and a proper to match any superior proposals. The Settlement consists of reciprocal termination charges of A$37 million payable by PDI or Robex, as relevant, within the occasion the Settlement is terminated in sure circumstances.
The ASX has granted sure ASX Itemizing Rule waivers to PDI in relation to the Transaction, particulars of that are offered within the separate announcement launched by PDI in the present day entitled “ASX Itemizing Rule Waivers Granted in Relation to Robex Merger.”
Full particulars of the Transaction can be included in a administration info round of Robex (the “Robex Round”) that can be delivered to Robex shareholders upfront of the Robex Assembly, which is anticipated to be held in December 2025.
Copies of the Robex Round and the Settlement can be accessible underneath Robex’s profile on SEDAR+ (www.sedarplus.ca).
PDI and Robex shareholders don’t must take any actions in relation to the Transaction presently.
VOTING SUPPORT AGREEMENTS
Two of Robex’s largest shareholders, the Cohen Group and Eglinton Mining, who in mixture personal roughly 25.2% of the issued and excellent Robex Shares, have entered into separate voting help agreements with PDI pursuant to which they’ve agreed to vote their Robex Shares in favour of the Transaction on the Robex Assembly.
Moreover, all the administrators and sure members of senior administration of Robex, who in mixture personal roughly 0.3% of the issued and excellent Robex Shares, have entered into voting help agreements with PDI pursuant to which they agreed to vote their Robex Shares in favour of the Transaction on the Robex Assembly.
BOARD OF DIRECTORS’ RECOMMENDATIONS
After session with its exterior monetary and authorized advisors, the board of administrators of PDI (the “PDI Board”) unanimously accepted the Transaction.
Robex appointed a particular committee of impartial administrators (the “Robex Particular Committee”) to contemplate and make a advice to the board of administrators of Robex (the “Robex Board”) with respect to the Transaction. Primarily based on the unanimous advice of the Robex Particular Committee, and after session with its exterior monetary and authorized advisors, the Robex Board unanimously accepted the Transaction and has decided that the Transaction is in the perfect pursuits of Robex, and that the consideration to be obtained by Robex shareholders pursuant to the Transaction is honest, from a monetary perspective, to the Robex shareholders. The Robex Board unanimously recommends that Robex shareholders vote in favour of approving the Transaction on the Robex Assembly.
FAIRNESS OPINIONS
Canaccord Genuity Corp. has offered a equity opinion to the Robex Board and Cormark Securities Inc. has offered a equity opinion to the Robex Particular Committee (the “Equity Opinions”), to the impact that, as of the date of every such Equity Opinion, and primarily based upon and topic to the assumptions, limitations and {qualifications} set forth therein, the consideration to be obtained by Robex shareholders pursuant to the Transaction is honest, from a monetary perspective, to the Robex shareholders.
ROBEX SPROTT FACILITY
Robex has obtained formal lender consent underneath its Syndicated Facility Settlement for the merger with PDI.
The Syndicated Facility Settlement will stay in place and proceed to help building actions on the Kiniero Gold Venture.
ADVISORS
PDI has engaged BMO Capital Markets and SCP Useful resource Finance LP as monetary advisors, Fasken Martineau DuMoulin LLP as Canadian authorized advisor, and Herbert Smith Freehills Kramer as Australian authorized advisor. GenCap Mining Advisory has been engaged as monetary advisor to the PDI Board.
Robex has engaged Canaccord Genuity as monetary advisor, Peloton Authorized Pty Ltd as Australian authorized advisor, Osler, Hoskin & Harcourt LLP as Canadian authorized advisor, with Simmons & Simmons LLP offering help on native in-country issues and Crux Regulation Pty Ltd on debt financing issues. Cormark Securities Inc. has been engaged as monetary advisor to the Robex Particular Committee.
WEBCAST DETAILS
PDI and Robex will collectively host two webcasts for traders and analysts to debate the Transaction. Buyers and analysts wishing to ask a query are inspired to hitch the webcasts and submit questions by way of the Q&A operate. Timing and hyperlinks for the webcasts are as follows:
The webcasts can be posted as quickly as potential after the occasion for playback on each PDI’s web site (predictivediscovery.com) and Robex’s web site (robexgold.com).
This joint ASX Announcement has been authorised for launch by the PDI Board and the Robex Board.
For additional info:
Andrew Pardey
Managing Director & CEO Media Enquiries (UK/World)
Bobby Morse / Louise Mason-Rutherford
Burson Buchanan
E: predictive@buchanancomms.co.uk
P: +44 (0)7802 875227 / +44 (0)7850 593445
Robex Investor Enquiries
Matthew Wilcox
Managing Director & CEO Media Enquiries (Australia)
Sam Macpherson / John Gardner
VECTOR Advisors
E: smacpherson@vectoradvisors.au / jgardner@vectoradvisors.au
P: +61 401 392 925 / +61 413 355 997
ABOUT PREDICTIVE DISCOVERY LIMITED
PDI is an Australian gold firm listed on the ASX, and headquartered in Perth, Australia. PDI’s flagship asset is the Bankan Venture in Guinea.
ABOUT Robex Sources Inc.
Robex Sources is a Canadian gold mining firm listed on the TSX-V and ASX, and headquartered in Quebec, Canada. Robex’s materials properties include the Nampala Venture in Mali and the Kiniero Venture in Guinea.
IMPORTANT NOTICES AND DISCLAIMERS
Vital Notices
This announcement is a joint announcement by PDI and Robex primarily based on info accessible to them on the time of making ready this announcement. No illustration or guarantee, categorical or implied, is made as to the equity, accuracy, completeness or correctness of the knowledge, opinions and conclusions contained on this announcement.
To the utmost extent permitted by legislation, none of PDI or Robex, their respective administrators, staff or brokers, advisers, nor another particular person accepts any legal responsibility, together with, with out limitation, any legal responsibility arising from fault or negligence on the a part of any of them or another particular person, for any loss arising from using this announcement or its contents or in any other case arising in reference to it.
This announcement doesn’t purport to comprise all the knowledge that traders might require to make an knowledgeable evaluation of the Transaction and its impact on PDI and Robex. This announcement needs to be learn together with the presentation collectively ready by PDI and Robex launched to ASX on or in regards to the date of this announcement and accessible on PDI’s web site (predictivediscovery.com) and Robex’s web site (robexgold.com).
Not an Supply
This announcement shouldn’t be a suggestion, invitation, solicitation or different advice with respect to the subscription for, buy or sale of any safety, and neither this announcement nor something in it shall kind the idea of any contract or dedication in any way. This announcement has been ready for publication in Australia and Canada and might not be launched to US wire companies or distributed in the USA of America. This announcement doesn’t represent a suggestion to promote, or a solicitation of a suggestion to purchase, securities in the USA or another jurisdiction. Any securities described on this announcement haven’t been, and won’t be, registered underneath the US Securities Act of 1933 (“US Securities Act”) and might not be supplied or bought in the USA besides in transactions registered underneath the US Securities Act or exempt from, or not topic to, the registration of the US Securities Act and relevant US state securities legal guidelines.
Ahead-looking Statements
This announcement comprises sure forward-looking info and forward-looking statements inside the which means of relevant securities laws and should embrace future-oriented monetary info or monetary outlook info (collectively “Ahead-looking Info”). These embrace statements relating to PDI and Robex’s intent, or the beliefs or present expectations of the officers and administrators of PDI and Robex for the mixed firm post-closing. Precise outcomes and outcomes of Transaction and of the mixed firm might differ materially from the quantities set out in any Ahead-looking Info. As nicely, Ahead-looking Info might embrace, however are usually not restricted to, statements regarding: future outlook and anticipated occasions, such because the consummation and timing of the Transaction; the expectation that the PDI Shares can be dual-listed on the ASX and TSX-V; the strategic imaginative and prescient for the mixed firm following the closing of the Transaction and expectations relating to exploration and growth potential; the de-risking of growth funding for the Bankan Venture by leveraging money flows from the Kiniero Venture; the potential share worth re-rate and capital markets profile of the mixed firm primarily based on the size and multi-asset nature; manufacturing capabilities and future monetary or working efficiency of the mixed firm post-closing, together with funding returns; money flows; share worth efficiency; manufacturing and value steerage; the potential valuation of the mixed firm following the closing of the Transaction; the accuracy of the professional forma monetary place and outlook of the mixed firm following the closing of the Transaction; the satisfaction of the situations precedent to the Transaction; the anticipated submitting of supplies on SEDAR+; acquiring the required inventory trade, court docket and shareholder approvals; the success of PDI and Robex in combining operations upon closing of the Transaction; expectations for the potential growth and money stream of the Bankan Venture and Kiniero Venture; expectations for manufacturing capabilities and money stream of the Nampala Venture; mineral useful resource expectations; the power to acquire funding; the anticipated train of warrants and choices; the potential for inclusion in sure monetary market indices; the potential of the mixed firm to satisfy trade targets, public profile and expectations; and future plans, projections, goals, estimates and forecasts and the timing associated thereto.
All statements, apart from statements of historic reality, that tackle circumstances, occasions, actions or developments that would or might or will happen are Ahead-looking Info. Ahead-looking Info is usually recognized by way of phrases like “will”, “create”, “improve”, “enhance”, “potential”, “count on”, “upside”, “progress”, “estimate”, “anticipate” and related expressions and phrases or statements that sure actions, occasions or outcomes “might”, “might”, or “ought to”, or the damaging or grammatical variations of such phrases, are supposed to determine Ahead-looking Info. Though PDI and Robex consider that the expectations mirrored within the Ahead-looking Info are cheap, undue reliance shouldn’t be positioned on Ahead-looking Info since no assurance will be offered that such expectations will show to be right. Ahead-looking Info is predicated on info accessible on the time these statements are made and/or good religion perception of the officers and administrators of PDI and Robex as of that point with respect to future occasions and are topic to dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed in or recommended by the Ahead-looking Info. Ahead-looking Info entails quite a few dangers and uncertainties. Such elements might embrace, however are usually not restricted to, dangers associated to the closing of the Association, modifications in commodity costs, overseas trade fluctuations and common financial situations, elevated prices and demand for manufacturing inputs, the speculative nature of exploration and mission growth, together with the dangers of acquiring obligatory approvals, licenses and permits and diminishing portions or grades of reserves, political and social dangers (together with, however not restricted to, in Guinea, Ivory Coast, Mali and West Africa extra broadly), modifications to the authorized and regulatory framework inside which PDI and Robex function or might sooner or later function, environmental situations together with excessive climate situations, recruitment and retention of personnel, industrial relations points and litigation, in addition to the dangers recognized within the part titled “Danger Elements” in Robex’s most not too long ago filed Annual Info Kind which is on the market on SEDAR+ at www.sedarplus.ca and the dangers recognized in PDI’s Annual Report filed October 17, 2024 which is on the market at www.predictivediscovery.com, Ahead-looking Info is designed to assist readers perceive PDI and Robex’s views as of that point with respect to future occasions and communicate solely as of the date they’re made. Besides as required by relevant legislation, PDI and Robex assume no obligation to replace or to publicly announce the outcomes of any change to any Ahead-looking Info contained or integrated by reference herein to replicate precise outcomes, future occasions or developments, modifications in assumptions or modifications in different elements affecting the Ahead-looking Info. If both PDI or Robex updates any Ahead-looking Info, no inference needs to be drawn that both firm will make further updates with respect to such or different Ahead-looking Info. All Ahead-Wanting Info contained on this announcement is expressly certified in its entirety by this cautionary assertion.
To the extent any Ahead-looking Info on this announcement constitutes “future-oriented monetary info” or “monetary outlooks” inside the which means of Canadian securities legal guidelines, such info is offered to exhibit the respective inner projections of PDI and Robex and to assist readers perceive their anticipated monetary outcomes. Readers are cautioned that this info might not be applicable for another function and readers shouldn’t place undue reliance on such info. Future-oriented monetary info and monetary outlooks, as with all Ahead-looking Info usually, are, with out limitation, primarily based on the assumptions, and topic to the dangers and uncertainties, described above.
JORC CODE AND CIM DEFINITION STANDARDS
The time period “Ore Reserve” outlined by the Australasian Code for Reporting of Exploration Outcomes, Mineral Sources and Ore Reserves ready by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (“JORC Code”) is equal to the time period “Mineral Reserve” outlined by the CIM Definition Requirements for Mineral Sources & Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Might 19, 2014 (“CIM Definition Requirements”). “Inferred Mineral Sources”, “Indicated Mineral Sources” and “Measured Mineral Sources” have the identical which means underneath each the JORC Code and CIM Definition Requirements. “Proved Mineral Reserves” underneath the JORC Code has the identical which means as “Confirmed Mineral Reserves” underneath the CIM Definition Requirements, and “Possible Mineral Reserves” underneath the JORC Code has the identical which means as “Possible Mineral Reserves” underneath the CIM Definition Requirements. The JORC Code is a suitable overseas code underneath NI 43-101.
MINERAL RESOURCES AND ORE RESERVE ESTIMATES, AND PRODUCTION TARGETS
This announcement refers to PDI and Robex having mixed Mineral Useful resource and Ore Reserve estimates of roughly 9.5Moz Au and roughly 4.5Moz Au respectively. Additional info relating to the person Mineral Useful resource and Ore Reserve estimates of every of PDI and Robex is ready out under.
PDI
Mineral Useful resource and Ore Reserve Estimates
The Mineral Useful resource estimates for the NEB and BC initiatives have been launched to ASX on 7 August 2023 in an announcement by PDI titled “Bankan Mineral Useful resource Will increase to five.38Moz” and the Mineral Useful resource estimates in respect of the Fouwagbe and Sounsoun initiatives have been launched to the ASX on 23 April 2025 in an announcement by PDI titled “Maiden Argo Mineral Useful resource Estimate of 153koz”. The Ore Reserve estimate in respect of the Bankan Venture was launched to ASX on 25 June 2025 in an announcement by PDI titled “Bankan DFS Confirms Excellent Venture Economics”. PDI confirms it’s not conscious of any new info or knowledge that materially impacts the Mineral Useful resource or Ore Reserve estimates and all materials assumptions and technical parameters underpinning the Mineral Useful resource and Ore Reserve estimates within the related market announcement proceed to use and haven’t materially modified, noting that PDI intends to enchantment the Argo (and Bokoro) revocations introduced on 28 Might 2025 in accordance with the Mining Code, and that the Argo Inferred Mineral Sources account for simply 2.8% of PDI’s total Mineral Useful resource.
Manufacturing Targets
The Manufacturing Targets and forecast monetary info in respect of the Bankan Venture have been launched to the ASX on 25 June 2025 in an announcement by PDI titled “Bankan DFS Confirms Excellent Venture Economics”. PDI confirms that each one the fabric assumptions underpinning the Manufacturing Targets and forecast monetary info derived from the Manufacturing Targets within the earlier announcement proceed to use and haven’t materially modified.
Robex
Mineral Useful resource and Ore Reserve Estimates
The Mineral Useful resource and Ore Reserve estimates in respect of Robex’s Kiniero Venture have been launched to ASX on 22 August 2025 in an announcement by Robex titled “Modification to Kiniero Gold Venture Technical Report”, and in respect of the Nampala Venture in an ASX announcement by Robex dated 6 Might 2025 titled “Alternative Prospectus”. Robex confirms that it’s not conscious of any new info or knowledge that materially impacts the Mineral Useful resource and Ore Reserve estimates included within the related market announcement and all materials assumptions and technical parameters underpinning the estimates within the announcement proceed to use and haven’t materially modified.
Manufacturing Targets
The manufacturing targets and forecast monetary info in respect of Robex’s Kiniero Venture was launched to ASX on 22 August 2025 in an announcement by Robex titled “Modification to Kiniero Gold Venture Technical Report”, and in respect of the Nampala Venture in an ASX announcement by Robex dated 6 Might 2025 titled “Alternative Prospectus”. Robex confirms that each one the fabric assumptions underpinning the manufacturing targets and forecast monetary info derived from the manufacturing targets within the related market announcement proceed to use and haven’t materially modified.
NATIONAL INSTRUMENT 43-101
All scientific and technical info on this presentation regarding Robex has been reviewed and accepted by Mr. Jeames McKibben, a Chartered Skilled Fellow of the Australian Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists, and a “certified particular person” as outlined in NI 43-101.
Readers are referred to the technical report for the Nampala Venture entitled “Impartial Technical Report on the Nampala, Mininko, Gladie and Kamasso Permits and a Mineral Useful resource and Reserve Estimate of the Nampala Gold Mine, Mali, West Africa” efficient September 30, 2024 (the “Nampala Technical Report), and the amended and restated technical report for the Kiniero Venture entitled “Technical Report, Kiniero Gold Venture, Guinea (Amended)” with an efficient date of December 6, 2024, as amended and restated on June 12, 2025 (the “Kiniero Technical Report”), every of which has been ready in accordance with NI 43-101 and is on the market on Robex’s profile on SEDAR+ at www.sedarplus.ca.
Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
PDI ORE RESERVE AND MINERAL RESOURCE STATEMENT
Bankan Ore Reserve Assertion 13 , 14
(Mt) Gold Grade
(g/t Au) Contained
(Koz Au) NEB
Open Pit Possible 40.2 1.36 1,751 Underground Possible 7.9 3.95 1,002 Complete 48.1 1.78 2,753 BC Open Pit
Open Pit Possible 3.5 1.78 200 Complete 3.5 1.78 200 Complete Open Pit 43.7 1.39 1,951 Complete Underground 7.9 3.95 1,002 Complete Bankan Venture 51.6 1.78 2,953
Bankan Mineral Useful resource Estimate 15 , 16
(Mt) Gold Grade
(g/t Au) Contained
(Koz Au) NEB Open Pit
Indicated 78.4 1.55 3,900 Inferred 3.1 0.91 92 Complete 81.4 1.53 3,993 NEB Underground Inferred 6.8 4.07 896 NEB Complete 88.3 1.72 4,888 BC Open Pit
Indicated 5.3 1.42 244 Inferred 6.9 1.09 243 BC Complete 12.2 1.24 487 NEB Space Complete 100.5 1.66 5,376 Fouwagbe Inferred 2.2 1.68 119 Sounsoun Inferred 0.9 1.19 34 Argo Space Complete 3.1 1.54 153 Complete Bankan Venture 103.6 1.66 5,528
ROBEX MINERAL RESERVE AND RESOURCE STATEMENT
Kiniero Mineral Reserve and Useful resource Assertion 17 , 18
(Mt) Gold Grade
(g/t Au) Contained
(Moz Au) Possible Jean 4.2 1.53 0.20 SGA 5.1 1.52 0.25 SGD 3.4 1.34 0.14 Sabali South 7.4 0.89 0.21 Sabali North and Central 1.5 0.96 0.05 Mansounia 17.7 0.81 0.46 Stockpiles 6.3 0.48 0.10 Complete 45.5 0.97 1.41 Indicated SGA 12.1 1.46 0.57 Jean 4.7 1.69 0.26 Sabali North and Central 3.7 1.21 0.14 Sabali South 11.1 0.91 0.32 West Balan 3.0 1.45 0.14 Banfara 0.9 1.00 0.03 Mansounia Central 24.0 0.78 0.60 Stockpiles 11.6 0.37 0.14 Complete 71.2 0.96 2.20 Inferred SGA 10.6 1.43 0.49 Jean 2.2 1.47 0.1 Sabali North and Central 0.7 1.39 0.03 Sabali South 2.7 1.01 0.09 West Balan 2.0 1.27 0.08 Banfara 0.7 1.45 0.03 Mansounia Central 26.3 0.82 0.7 Stockpiles 0.2 1.31 0.01 Complete 45.3 1.05 1.53
Nampala Mineral Reserve and Useful resource Assertion 19 , 20
(Mt) Gold Grade
(g/t Au) Contained
(Koz Au) Possible Oxide 3.3 0.90 94.6 Transition 0.8 1.06 26.4 Complete 4.0 0.93 121.0 Indicated Oxide 5.9 0.84 158.3 Transition 2.1 1.13 76.0 Recent 0.1 3.00 9.4 Complete 8.0 0.94 243.7 Inferred Oxide 0.3 0.79 8.1 Transition 0.2 1.62 8.5 Recent 0.01 2.53 0.4 Complete 0.6 0.95 17.0
_______________________
1 CY2029 manufacturing primarily based on Bankan Venture CY2029 estimated manufacturing of 272koz Au (assuming first manufacturing commences in April 2028) as reported within the Definitive Feasibility Research for the Bankan Venture (as launched by Predictive to ASX on 25 June 2025 in its announcement titled “Bankan DFS Confirms Excellent Venture Economics”) and Kiniero Venture CY2029 estimated manufacturing of 155koz Au as reported within the up to date feasibility research for the Kiniero Venture (as launched by Robex to ASX on 22 August 2025 in its announcement titled “Modification to Kiniero Gold Venture Technical Report”).
2 Professional forma Mineral Useful resource estimate primarily based on the combination Mineral Useful resource estimates (with rounding): (i) of PDI as launched to ASX in PDI’s bulletins titled “Bankan Mineral Useful resource Will increase to five.38Moz” dated 7 August 2023 (for NED and BC) and “Maiden Argo Mineral Useful resource Estimate of 153koz” dated 23 April 2025 (for Fouwagbe and Sounsoun) and; (ii) of Robex as launched to ASX in Robex’s bulletins titled “Modification to Kiniero Gold Venture Technical Report” dated 22 August 2025 (for the Kiniero Venture) and “Alternative Prospectus” dated 6 Might 2025 (for the Nampala Venture, and as set forth within the Kiniero Technical Report (as outlined under) and the Nampala Technical Report (as outlined under). Professional forma Mineral Useful resource estimate is comprised of 6.6Moz Measured and Indicated Mineral Sources and a couple of.9Moz Inferred Mineral Sources. Mineral Sources are inclusive of Ore Reserves. Check with pages 9, 10, 11, 12 and 13 relating to the person Mineral Useful resource estimates of every of PDI and Robex.
3 The time period “Ore Reserve” outlined by the JORC Code is equal to the time period “Mineral Reserve” outlined by the CIM Definition Requirements. Check with web page 9 and 10 for additional info.
4 Professional forma Ore Reserve estimate primarily based on the combination Ore Reserve estimates (with rounding): (i) of PDI as launched to ASX in PDI’s announcement titled “Bankan DFS Confirms Excellent Venture Economics” dated 25 June 2025; and (ii) of Robex as launched to ASX in Robex’s bulletins titled “Modification to Kiniero Gold Venture Technical Report” dated 22 August 2025 (for the Kiniero Venture) and “Alternative Prospectus” dated 6 Might 2025 (for the Nampala Venture), and as set forth within the Kiniero Technical Report and the Nampala Technical Report. Check with pages 9, 10, 11, 12 and 13 relating to the person Ore Reserve estimates of every of PDI and Robex.
5 Check with Robex announcement “Robex Declares Acceleration of Warrant Expiry Date” dated 18 September 2025.
6 Primarily based on the PDI closing share worth of A$0.44 on 3 October 2025 and trade ratio of 8.667x. CAD:AUD trade charge of 1.084x utilized.
7 Check with PDI announcement “Bankan DFS Confirms Excellent Venture Economics” dated 25 June 2025.
8 Check with Robex announcement titled “Modification to Kiniero Gold Venture Technical Report” dated 22 August 2025 and the Kiniero Technical Report.
9 Check with Robex announcement “Administration Dialogue & Evaluation (30 June 2025)” dated 14 August 2025.
10 Check with footnote 1 for additional info.
11 Check with footnote 2 for additional info.
12 Check with footnote 4 for additional info.
13 Check with PDI ASX launch “Bankan DFS Confirms Excellent Venture Economics” dated 25 June 2025.
14 Reserve cut-off: Open Pit 0.38-0.48 g/t Au, Underground 2.0 g/t Au.
15 Useful resource cut-off: NEB Open Pit indicated & inferred 0.5 g/t Au, NEB Underground inferred 2.0 g/t Au, BC Open Pit indicated and inferred 0.4 g/t Au, Fouwagbe and Sounsoun inferred 0.5 g/t Au.
16 In relation to the Fouwagbe and Sounsoun deposits (Argo Allow), PDI intends to enchantment the Argo and Bokoro revocations introduced on 28 Might 2025 in accordance with the Mining Code. Check with PDI ASX launch “Argo and Bokoro Exploration Permits Replace” dated 28 Might 2025.
17 Check with Robex announcement titled “Modification to Kiniero Gold Venture Technical Report” dated 22 August 2025 and the Kiniero Technical Report.
18 Useful resource/reserve cut-off grade (Useful resource at US$2,200/oz, reserves at US$1,800/oz): SGA, Jean and Banfara: laterite 0.3 g/t Au, saprolite (oxide) 0.3 g/t Au, saprock (transition) 0.3 g/t Au, contemporary 0.4 g/t Au; Sabali South: laterite 0.3 g/t Au, mottled zone/saprolite/decrease saprolite (oxide) 0.3 g/t Au, saprock (transition) 0.5 g/t Au, contemporary 0.6 g/t Au; Sabali North and Central: laterite 0.3 g/t Au, saprolite (oxide) 0.3 g/t Au, saprock (transition) 0.6 g/t Au, contemporary 0.6 g/t Au; West Balan: laterite 0.3 g/t Au, saprolite (oxide) 0.3 g/t Au, saprock (transition) 0.3 g/t Au, contemporary 0.5 g/t Au; Stockpiles reported as Mineral Sources have been restricted to these dumps which exhibit a median grade >0.3 g/t Au for the complete stockpile assuming no selectivity.
19 Check with Robex announcement titled “Alternative Prospectus” dated 6 Might 2025 and the Nampala Technical Report.
20 Useful resource cut-off grade (at US$2,200/oz): Laterite 0.35 g/t Au, Oxide 0.35 g/t Au, Transition 0.43 g/t Au, Recent 1.89 g/t Au; Reserve cut-off grade (at US$1,800/oz): 0.4 g/t Au (laterite, mottled zone, saprolite and transition).


