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Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF | V.RBX.WT

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

Comment by ABDPhilon Nov 22, 2021 7:40pm
662 Views
Post# 34155016

RE:Q3

RE:Q3
Hello Jexcelm: To start, here is a small clarification. Gold production in 2020-Q3 was affected by the rainy season because the containment of operations also implied the reduction of the staff in place. Therefore, it was not possible to stack more gold-rich ore in anticipation of this season. The team had no choice but to process surface ore. In short, the rainy season does not always mean a drop in production.
 
Regarding the stripping of the pits in the eastern zone, it is important to understand that despite the progress, the first ore available for exploitation is that of surface for a few quarters. This ore, temporarily weaker in gold, should be compensated by upgrades to equipment. I now estimate production to be close to 12,500 ounces of gold. Beyond that, I will be particularly happy. You are absolutely right about the time. Improving equipment will necessarily have positive consequences on results, depending on the richness of the mineral located at depth.
 
Regarding the surprise, I am confident that it will be announced in the coming weeks. The acquisition of a new permit is what we have been waiting for for a few months. Considering the choice, the impact could be staggering for the stockprice. In the meantime, protecting your cash flow is a responsible choice.
 
This acquisition is an opportunity for Robex to use its know-how, by replicating all the innovations developed since the start of the Nampala plant. This is an important step for Robex and considering the exceptional quality of the team, I am sure we will be amazed. In addition to the permit, the financial partner who will accompany Robex is another important element. Acquisition and financing are two inseparable components and I believe they will be part of one press release. Finally, I believe that an increase in the production of the Nampala plant could also be announced in order to generate more casflows, thus making it possible to contain the financing needs at reasonable levels.
 
In conclusion, we can expect the job to be well done so let's be patient and trust, as always.
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