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Predictive Discovery Limited ( (AU:PDI) ) just unveiled an announcement.
Predictive Discovery Limited announced that shareholders of Robex Resources Inc. have overwhelmingly approved the proposed merger between the two companies, with 94.54% of votes cast in favour at a special meeting in Québec. This approval satisfies a key closing condition for the transaction, which will proceed once remaining conditions are met, including court approval in Québec and regulatory consents from the governments of Guinea and Mali, with completion targeted for the first quarter of 2026. Management highlighted that the merger will consolidate the Bankan and Kiniero gold projects under a single group with enhanced execution and funding capabilities, supporting a growth plan toward becoming a major West African gold producer with anticipated annual output of more than 400,000 ounces by 2029 and giving investors exposure to a larger, more advanced and lower-cost production platform in the region.
The most recent analyst rating on (AU:PDI) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on Predictive Discovery Limited stock, see the AU:PDI Stock Forecast page.
More about Predictive Discovery Limited
Predictive Discovery Limited is an ASX-listed gold exploration and development company focused on West Africa. Its primary assets include the Bankan gold project in Guinea, which, alongside Robex Resources Inc.’s Kiniero gold project in Mali, positions the group in large, low-cost, and advanced gold developments in the region with the ambition of becoming a significant West African gold producer.
Average Trading Volume: 15,569,645
Technical Sentiment Signal: Buy
Current Market Cap: A$2B
Find detailed analytics on PDI stock on TipRanks’ Stock Analysis page.