Summary of the latest developments The 2022-Q3 financial results, in addition to the drilling results presented yesterday, confirm that Robex has the 3 cards in hand to become a major player in West Africa. These 3 cards are money; top quality projects; and qualified teams, both in operations and in the determination of new mineral resources.
Concretely, the money is represented by the profits generated by the current exploitation of the Nampala permit; the projects are those of Kiniero/Mansounia in addition to Mininko, Gladie, Kamasso, Diangoute and Sanoula; operations are supported by Robex teams while the discovery of mineral resources is completed by the arrival of the Sycamore group. The combination of all these synergies forms a group able to continue its operations in Mali, to ensure the development of its growth in Guinea, and to sustain growth through research work on all the permits. This organizational structure is the result of the Cohen team, recently enriched by the Sycamore Mining team.
Regarding the Mansounia permit, yesterday's publication presents a potential for a significant increase in mineral resources. Considering the last calculation of 3.6 million ounces, all categories combined, the consideration of the latest discoveries makes it possible to estimate mineral resources of 4-5 million ounces, which would make Kiniero/Mansounia the largest project developing in West Africa.
To those who have had the courage to build a significant position in Robex, based on the fundamentals, they will be well rewarded by current and future developments.
GLTA