Proposal to Acquire PDI No Longer Deemed Superior

Executive Summary

• Perseus Mining Limited announces that its binding offer to acquire Predictive Discovery Limited is terminated.
• The termination follows Predictive’s receipt of a revised Arrangement Agreement from Robex Resources Inc., which exercised its matching right under the original agreement dated 5 Oct 2025.
• The announcement was approved by Craig Jones, Managing Director and CEO of Perseus.

Key Details

• Original Offer: Perseus’ binding offer to acquire Predictive (announced to the ASX on 3 Dec 2025) was conditional on Robex not exercising its matching right.
• Robex Matching Right: Predictive received a revised Arrangement Agreement from Robex Resources Inc., which matched under Robex’s pre‑emptive/right‑of‑first‑refusal clause per the Arrangement Agreement dated 5 Oct 2025.
• Resulting Action: Perseus terminates its binding offer to Predictive as the condition (Robex not exercising its matching right) is no longer satisfied.
• Approval: The announcement was approved for release by Craig Jones, Managing Director and Chief Executive Officer of Perseus Mining Limited.
• Company Capital Structure (as disclosed):
• Ordinary shares: 1,351,230,319
• Performance rights: 8,990,768

Notable Quotes

(No direct quotes were provided in the release.)