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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

Post by ABDPhilon Apr 28, 2022 8:35am
253 Views
Post# 34638209

Acquisition of the Kiniero project

Acquisition of the Kiniero project
If you want to learn about the history of the Kiniero project, there is a 43-101 on SEDAR. I say "historic" because it was published on December 8, 2008. Nevertheless, one can understand that despite the exploitation of Semafo, the majority of the mineral resource is still present. During the mining period, the price of gold oscillated in the 700-1400 USD zone, which implies that only the exploitation of the richest ore was profitable, combined with a stripping ratio in the stratosphere. Consequently, most of the ore was rejected, for lack of profitability. For information, with an ounce of gold at $1900 USD, the Semafo tailings site is probably today a mineral resource rather than a waste rock. Depending on the cut-off grade that will be used, a consequence of the efficiency of Robex's operations, the next 43-101 technical report scheduled for 2022-Q2 could reveal an amount of mineral resources beyond imagination.

The publication of a compliant 43-101, which includes all the drilling work carried out to date, is THE CONDITION that will allow the acquisition transaction by Robex to be concluded. The other conditions are only formalities. In conclusion, it is as if it were done.
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