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Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF

Metals & Mining Gold
Robex Resources Inc. is a Canada-based gold mining company. The Company owns two assets in the prospective Birimian Greenstone belt: the Nampala producing gold mine in Mali, and the Kiniero Gold Project in Guinea (Conakry). The Kiniero Gold Project is a 470 square kilometers (km2) package of mining licenses in the prolific Siguiri Basin, Guinea, and consists of the adjacent Kiniero (mining) and Mansounia (exploration) licenses which host numerous deposits. The Nampala Gold Mine is located in the Republic of Mali, approximately 250 kilometers (km) southeast (335km by road) of the capital of Bamako, 45 km northwest of the Syama Mine (operated by Resolute Mining Limited) and 91 km southwest of the Morila mine (operated by Firefinch Limited). The mine is in the Sikasso administrative region. The property has a total surface area of c. 280km2 and consists of two parts: the Nampala exploitation permit covering 16 km2, including the Nampala mine, and five exploration permits.


TSXV:RBX - Post by User

Robex Resources Inc > WOW
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Comment by studpuppyon Sep 11, 2020 8:51am
144 Views
Post# 31541450

RE:WOW

RE:WOWLOVE IT, this was a one two punch News Release this morning much better then the one last night!
Phil if possible could you explain in plain english these 2 paragraphs when you have a minute ...i know this NR contains lots of details that you love to analyze :) 
1) This allows us to establish an increase of +103% in indicated resources for the Nampala property bringing the total to 869,000 oz compared to the last Mineral Resources estimate (MRE2019). The Company will file an independent technical report to support the updated mineral resource within 45 days of this press release.
so did we just double the mine life from 3yrs to 6yrs ? 
and 
2)The mineral resource is not a mineral reserve as it has not demonstrated economic viability. Further metallurgical testing is required to analyze the economic potential of the mineral resource found in the transition and fresh rock zones.
Could you please explain this in more details 

thanks bud
This is an amazing day, fueling more confidence into our future 
GLTA
regards stud
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