News: Robex Resources to restart Nampala in JuneRobex Resources to restart Nampala in June 2015-05-13 11:54 ET - News Release Mr. Augustin Rousselet reports ROBEX RESOURCES INC.: ANTICIPATED RESTART OF THE NAMPALA MINE IN JUNE 2015 Robex Resources Inc. management, with the support of the Imagri construction firm, is preparing to imminently restart the Nampala mine with a capacity of 600 tonnes per day (t/d). As planned, the mine will increase to a capacity of 4,000 t/d in the third quarter of 2015. The Nampala mine had, in October, 2014, stopped production for the most part because the elution system was not working properly. Modifications and adjustments were made to this system and have been tested so that it is now possible to make it work with a limited production. At the time that the production was interrupted, an amount of 70,000 tonnes of coarse ore had been accumulated. This ore has been subjected to certified analysis and contains 1.12 grams per tonne gold. A small ball mill was rented and will crush the coarse ore. Moreover, there are already operational work teams on site. Pictures of this small ball mill are now available on the Robex website. Restarting at 600 t/d will generate as of June, 2015, a minimum monthly gross profit of $250,000 (after variable costs). This generated margin will cover a very large part of the total fixed costs of the mine. This intermediate stage of production at a rate of 600 t/d will bridge the gap until the start of the permanent ball mills so that there will not be a shutdown of the mine before moving to 4,000 tonnes per day. Construction of phase 2 The company is pleased to announce that the construction of phase 2 of its Nampala mine is continuing and is currently on schedule. The investment plan of phase 2 included among others: The purchase of a ball mill in order to treat the coarse ore that contains a higher content of gold compared with the finer ore; The purchase of an efficient elution system; The addition of four carbon-in-leach tanks to increase the gold recovery rate in ore processing; The general improvement of the facilities on the Nampala site. The company has had the opportunity to acquire a new ball mills, ready to ship, which had never been used and at a great price. This ball mill was shipped to the Nampala mine last week. Photos of the ball mills upon departure from the United States to Mali are now available on the Robex website. The project's progress Ball mills: 95 per cent of the components received and/or bought CIL circuit (tanks): 95 per cent of the components received and/or bought Elution system: 90 per cent of the components received and/or bought Water supply system: 75 per cent of the components received and/or bought Power station: 50 per cent of the components received and/or bought Stock and start-up inventories: 75 per cent of the components received and/or ordered Most of the other required equipment and components have been ordered and are awaiting delivery. The current situation at the Nampala mine shows a progress consistent with the initial established plan; the time limits are respected. The engineering processes are 90 per cent realized. The structures and foundations to install the equipment are being built. The centre for fuel supply is almost completed and operational. Nevertheless, the variation of the U.S. dollar which is the base currency for purchases of materials and consumables in relation to the Canadian dollar negatively impacted the investment budget. In addition, some equipment was bought with the anticipation of a phase 3 which would allow moving to a much higher tonnage daily. In this perspective, the company will have to quickly consider raising additional funds in order to complete these investments, to provide sufficient working capital in order to restart the mine and to undertake as soon as possible a drilling campaign on Mininko (Nampala mine). Pictures of the construction progress on the Nampala site are available on the Robex website. The mine new P&ID is also available on the Robex website. The company plans to assemble and test the equipment for phase 2 during the months of June and July. During this period, changes to existing equipment and facilities will be made to amalgamate all the components of the mine. Restarting the Nampala mine with a capacity of 4,000 tonnes per day is scheduled for the upcoming third quarter. We seek Safe Harbor. © 2015 Canjex Publishing Ltd. All rights reserved.