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CITY OF QUEBEC, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Robex Resources Inc. (“Robex”, the “Group” or the “Company”) (TSXV: RBX)
Record December production
ROBEX Resources Inc. is pleased to announce a record production in December 2021 with a monthly tonnage of 192,024 tonnes at a grade of 0.94 g/t, producing 166 kg (5,926 oz of dor).
This production rate continues with 95,877 tonnes of ore processed during the first 15 days of January.
The new mining plan established this year enabled us to optimize the Nampala resources. The results confirm this strategy’s effectiveness:
| Period | Tonnage
(tonnes) | Grade
(g/t) | Stripping
(S/M) | Production
(Oz) |
| Q1 2021 | 472,410 | 0.75 | 5.70 | 10,295 |
| Q2 2021 | 474,435 | 0.82 | 4.75 | 10,762 |
| Q3 2021 | 481,690 | 0.79 | 2.77 | 10,948 |
| Q4 2021 | 519,749 | 0.88 | 3.23 | 13,032 |
| Annual | 1,948,284 | 0.81 | 4.11 | 45,038 |
We have seen a continuous improvement throughout 2021:
- Tonnage was up strongly, which is explained by the commissioning of multiple investments: first the cone crusher, then in December the new cyclone pumps that enabled us to achieve the December production record. Investment in a new crusher feeder planned for 2022 should enable us to further improve the plant’s efficiency.
- Steady improvement in grade and stripping ratio with the new mining plan.
Improvement in production costs
The combined effect of tonnage increase, grade improvement and lower stripping ratio have significantly improved production costs.
External growth
In addition to these production improvements, Robex continues to actively pursue its ambitions for external growth. Accordingly, and as previously announced, management is currently examining various projects to implement the Company’s business plan and achieve its new objectives.
Situation in Mali
Robex is closely monitoring developments in Mali and the possible consequences of international decisions on the mining sector.
For the moment, operations continue as usual with no particular impact.
For more information, the Robex management report and summary interim consolidated financial statements (unaudited) are available on the Company’s website in the Investors section. These reports and other documents produced by the Company are also available at: sedar.com.
A word from the chairman, Mr. Georges Cohen:
“Once again, I congratulate the team for the great work and the improvement in Nampala’s results.
This press release allows me also to thank all our employees in Quebec and Mali for their accomplishments and wish them and our shareholders a great 2022.”
About ROBEX:
Robex Resources Inc. is a TSX-V listed Canadian mining company with exploration properties in Mali and an operating mine. The group has a strong business model, which demonstrated great results with the Nampala mine. With this experience, Robex is now striving to grow in West Africa by acquiring and/or developing new mines.
For more information:
Benjamin Cohen, CEO
Aurlien Bonneviot, investors relations and corporate development
a.bonneviot@robexgold.com
Head office: +1-581-741-7421