Perseus Mining Delivers Superior Proposal for Predictive Discovery

Core Viewpoint - Perseus Mining Limited has made a definitive binding offer to acquire all issued shares of Predictive Discovery Limited that it does not already own, positioning the offer as a "Superior Proposal" compared to a prior agreement with Robex Resources Inc [1][2][5]. Offer Details - The offer consists of 0.1360 new Perseus shares for each Predictive share, valuing Predictive shares at A$0.778 based on Perseus's closing price of A$5.72 on December 2, 2025, representing a premium of 24.5% to Predictive's closing price and 34.8% to its 10-day volume weighted average price [2][5]. - Perseus currently holds 17.8% of Predictive's ordinary shares [1][7]. Strategic Rationale - The acquisition is seen as an excellent strategic fit, enhancing Perseus's portfolio quality and expanding its African gold platform [6]. - Perseus aims to de-risk and optimize Predictive's Bankan Gold Project in Guinea, leveraging its experience from similar projects [6]. - The transaction is expected to materially enhance earnings, cash flow, and production, with Bankan projected to add approximately 249,000 ounces to Perseus's existing annual production of 500,000-600,000 ounces [6]. Financial Support - Perseus has offered a binding A$37 million loan facility to Predictive to assist with termination fees under the Robex Agreement and for general working capital [4]. Implementation Conditions - The proposed transaction will be subject to conditions including independent expert approval, regulatory approvals, and a 75% approval from Predictive shareholders at a Scheme Meeting [8]. - The matching right process with Robex has commenced, allowing Robex the opportunity to present a competing proposal until December 10, 2025 [10].