Predictive Discovery (PDI) Q1 2026 TU earnings summary

Executive summary

• Announced a merger of equals with Robex Resources, creating a leading mid-tier gold producer in West Africa, expected to complete by December 2025 or early 2026.

• Combined entity will have production exceeding 400kozpa Au by 2029 and Mineral Resources of ~9.5Moz Au, with Ore Reserves of ~4.5Moz Au.

• The merger de-risks funding for the Bankan Project by leveraging Robex’s Kiniero Project cash flows and in-the-money warrants/options.

• Bankan Project’s Exploitation Permit application is in the final stage, awaiting government sign-off.

Financial highlights

• Cash balance of A$57.6m and no debt as of 30 September 2025.

• Quarterly exploration and evaluation expenditure was A$5.0m, with A$4.3m spent on property, plant, and equipment for early works.

• Net cash outflow from operating activities was A$2.4m; net cash outflow from investing activities was A$9.3m.

• Estimated quarters of funding available: 7.7, indicating strong liquidity.

Outlook and guidance

• Final investment decision for Bankan Project targeted for Q2 2026.

• Kiniero Project (Robex) on track for first gold production in December 2025.

• Ongoing engagement with potential financiers for Bankan Project construction funding.

• Continued advancement of environmental and social management plans.