Robex Resources Inc. announces 46% increase in Mineral Reserves at Kiniero Gold Project.

From GlobeNewswire: 2025-01-14 08:36:00

Robex Resources Inc. has announced increased Mineral Reserves at the Kiniero Gold Project in Guinea, with a 46% increase to 1.41 million ounces. The updated feasibility study shows improved economics, with a pre-tax NPV of US$480M and an IRR of 47%. Gold production is expected to average 139,000 ounces per year over a 9-year mine life. Construction is underway, with first gold expected in Q4 2025. An updated Reserve Statement is scheduled for Q2 2025. An extensive drilling program is ongoing to further increase resources and reserves.

The Kiniero Gold Project is located in eastern Guinea and is one of the largest gold licenses in the country. The project is situated in the prolific Siguiri Basin and significant exploration potential exists. The project features open pit mining using conventional methods and a processing plant with a capacity of 5Mtpa. Infrastructure, power, water supply, and tailings management plans are in place to support mining operations. A detailed ESIA has been completed, and the Company is implementing an ESMP to ensure compliance with environmental standards.

The Company’s financial analysis shows positive returns at a gold price of US$1800/oz, with a pre-tax NPV of US$480M and an IRR of 47%. Sensitivity analyses have been conducted for gold price, capital costs, and operating costs. The Company is committed to sustainable growth and responsible operations in the region, with a focus on local community engagement and sustainable development. The Company aims to become one of the most important mid-tier gold producers in West Africa. The forward-looking statements and information provided are based on certain assumptions and factors that could impact the Company’s future performance. Investors are advised to consider these factors carefully.



Read more at GlobeNewswire: Updated Kiniero Feasibility Study Achieves Increase +46% in