Highlights:
- First gold pour is on track for Q4 2025, key long lead items procured
- Project Development team appointed, led by Chief Development Officer Dimitrios Felekis
- Engineering for doubling plant capacity to 6Mtpa was awarded to Primero Engineering and is currently 24% complete
- Additional Ball Mill awarded and scheduled for shipment in May 2025, SAG Mill on track for Q1 2025
- Power station awarded with delivery from May 2025
- Tailings Storage Facility (TSF) expanded design commenced with Knight Piésold
- Civils contracts awarded, and concrete work has recommenced on site
- Earthworks Fleet for TSF and infrastructure arrived in Guinea
- Electrical and instrumentation awarded to ECG Engineering
- Inferred resource drilling program for Mansounia nearing completion with more than 32,000 meters of RC and more than 2,600 meters of DD completed
- Updated Feasibility Study for Kiniero on track for Q1 2025, led by AMC.
QUEBEC CITY, Oct. 08, 2024 (GLOBE NEWSWIRE) — West African gold producer and developer Robex Resources Inc (“Robex” or the “Company”) (TSXV: RBX) is pleased to provide a project development update for Kiniero Gold Project in Guinea. The project is on track for first gold in Q4 2025.
Robex Managing Director Matthew Wilcox said: “I am very pleased to provide shareholders with our first project development update for Kiniero with the expanded project, nearly doubling the previous plant size.
With our recent capital raise, we have been able to advance the schedule to leverage Kiniero’s potential to be one of the largest and lowest cost gold producing mines in Guinea.
We will provide regular updates as we track towards first gold by the end of Q4 CY25 as construction advances the Kiniero Gold Project to become West Africa’s next gold mine.”
Insights on Development Team Appointments
Dimitrios Felekis – Chief Development Officer
Dimitrios has a wealth of experience in West African gold projects, setting a strong foundation for the Kiniero Gold Project under his leadership.
Daniel Kotzee – Construction Manager
Daniel’s extensive experience in gold project development, especially in West Africa, will bring valuable insights to the construction phase of the project.
Hesbon Okwayo – Commercial Manager
Hesbon’s background in gold project development in Burkina Faso and Guinea will be instrumental in managing the commercial aspects of the Kiniero Gold Project.
Guillaume Hubert – Earthworks Manager
With Guillaume’s vast experience in earthworks, the efficient execution of earthworks for the project is anticipated.
Key Long Lead Item Procurement
Comminution
Efforts to increase milling throughput and procure essential equipment demonstrate a strategic approach towards maximizing production efficiency.
Power Station
Hyundai’s involvement in providing the power station aligns with the project’s focus on reliable and sustainable energy sources.
Earthworks Fleet
Procuring necessary equipment for earthworks signifies proactive planning and readiness for construction activities.
Mansounia Drilling Campaign Update
The progress in the drilling campaign showcases a meticulous approach to resource evaluation, optimizing resource utilization for future project development.
Feasibility Study Update – Q1 2025
The meticulous planning and strategic alignment with the updated feasibility study highlight Robex’s commitment to operational excellence and informed decision-making.
Construction and Procurement
The completion of the upgraded access road and initiation of concrete work signify tangible progress towards the realization of the Kiniero Gold Project.
Government and Permitting
Robex’s proactive engagement with government authorities ensures regulatory compliance and fosters a positive working relationship with the host country, contributing to project sustainability.
Next Milestones – Delivering on Our Strategic Plan
Board / Management / Construction team appointment – Complete
The successful completion of key appointments demonstrates Robex’s commitment to assembling a competent team for project execution.
Financing – US$130m debt package
Securing a substantial debt package reflects Robex’s financial acumen and strategic funding approach to project development.
Mali – Divestment ongoing
Robex’s strategic initiative to divest in Mali underscores the company’s focus on optimizing its asset portfolio and mitigating risks.
ASX Listing – Q1 2025
The planned listing on the ASX demonstrates Robex’s global expansion ambitions and strategic capital market positioning.
First Gold – Q4 2025
Robex’s dedicated efforts towards achieving first gold production emphasize the company’s commitment to project milestones and shareholder value creation.
Site Pictures and Engineering
Figure 2: Primero current stage design (24% complete)
Figure 3: CIL Ring Beams
Figure 4: Steel frames for reagent shed
For more information
ROBEX RESOURCES INC.
Matthew Wilcox, Chief Executive Officer
Alain William, Chief Financial Officer
+1 581 741-7421
Email: investor@robexgold.com
www.robexgold.com
