Perseus Mining launches superior offer for Predictive Discovery shares

The Perseus Mining Ltd (ASX: PRU) share price is in focus today after the company delivered a binding offer to acquire all remaining shares in Predictive Discovery Ltd (ASX: PDI) , valuing each Predictive share at A$0.778 and representing a 24.5% premium to Predictive’s last closing price.

What did Perseus Mining report?

• Definitive binding offer to acquire 100% of Predictive Discovery shares it does not already own
• Offer valued at 0.1360 new Perseus shares per Predictive share, implying A$0.778 per Predictive share
• Premium of 24.5% to Predictive’s 2 December closing price and 34.8% to its 10-day VWAP
• A$37 million loan facility offered to Predictive for working capital and pre-development needs
• On completion, Predictive shareholders (excluding Perseus) will own approximately 18.4% of Perseus shares

What else do investors need to know?

Perseus already holds 17.8% of Predictive Discovery and sees the move as a natural fit to expand its African gold portfolio. The Bankan Gold Project in Guinea, which Predictive is developing, would add significant scale—boosting mine life and providing further diversification for Perseus.

The Predictive board has unanimously declared Perseus’ offer to be a “Superior Proposal” compared to a previous agreement with Robex Resources. Robex has a five-day right to match Perseus’ bid, with that period closing on 10 December 2025.

What did Perseus Mining management say?

Commenting on this development, Managing Director and CEO Craig Jones said:

This transaction is expected to enhance our growth profile, production and cash flows, while allowing us to unlock the full potential of the Bankan Project.

What’s next for Perseus Mining?

To proceed, the offer requires approval from Predictive shareholders and various regulatory clearances, along with an independent expert’s positive opinion. Once complete, Perseus expects the transaction to strengthen its position as a leading African gold producer and unlock further exploration potential across Guinea’s Siguiri Basin.

Perseus will keep investors updated, especially as Robex’s right to match the offer continues through the next week. No action is required from Perseus shareholders for now.

Perseus Mining share price snapshot

Over the past 12 months, Perseus Mining shares have risen 120%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 1% over the same period.

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The post Perseus Mining launches superior offer for Predictive Discovery shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.