| Announcement Date: | 2022-09-20 |
|---|---|
| Announcement Type: | Pre-Feasibility Study |
| Announcement Code: | NI43-101 |
| Company name: | Robex Resources Inc. |
| Project name: | Kiniero |
| Location: | Guinea |
| Commodities: | Gold |
| Highlight: | Pre-Feasibility Study result incl. Post Tax NPV (5%) of USD $115M & IRR of 32% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Québec City, Quebec, August 29, 2022 — Robex Resources Inc. (“Robex”, “the Group” or “the Company”) (TSXV:RBX) is pleased to announce that it has recently completed a positive Pre-Feasibility Study (“PFS”) and Mineral Reserve estimation for the Kiniero Gold Project (“Kiniero Project”, the “Kiniero Gold Project” or “Kiniero”) located in Republic of Guinea, West Africa. Earlier this year, Robex announced a business combination with Sycamore Mining Ltd (the “Acquisition” or the “Transaction”), a Cyprus based mining Company owning the Kiniero Project. Closing of the Transaction is still expected to occur after the publication of the new NI 43-101 report and satisfaction of the other conditions precedent to closing, expected by end of Q3 2022. The PFS confirms good economics for the re-development of the open-pit operations at Kiniero, targeting a series of 5 deposits (the Sector Gobele A “SGA” Complex, Sabali, Mansounia Central, Jean and West Balan) for a total of 13 ore bodies that will feed a central gold processing facility. Benjamin Cohen, CEO of Robex stated |
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