June 2025 Quarterly Activities Report

Core Insights - Robex Resources Inc is progressing well with its Kiniéro Gold Project in Guinea, targeting first gold production in Q4 2025, while maintaining steady production at its Nampala Gold Mine in Mali [1][4][6] Group 1: Kiniéro Gold Project Updates - The Kiniéro Gold Project is on track for commissioning in Q4 2025, with significant engineering and procurement milestones completed in Q2 2025 [4][6] - Construction activities include SAG mill installation, CIL tank work, and process plant SMP works, all progressing safely and on schedule [3][6] - A total of 61,700 meters of drilling was completed during the June 2025 quarter, supporting resource development and expansion [6][18] Group 2: Financial Performance - Robex raised A$120 million (approximately CAD$107.9 million) through an oversubscribed IPO on the ASX, which will fund the Kiniéro Gold Project and corporate growth initiatives [4][33] - The Nampala Gold Mine produced 11,736 ounces and sold 13,104 ounces of gold in the June 2025 quarter, with year-to-date production totaling 24,628 ounces [6][40] - The all-in sustaining cost (AISC) for gold sold increased to CAD$2,125 per ounce, reflecting higher mining royalties and capital expenditures [6][40] Group 3: Operational Highlights - Nampala remains lost-time injury free, with over 1.27 million hours worked, while Kiniéro has recorded 3.67 million LTI-free hours since January 2023 [6][27] - The operational stripping ratio at Nampala was 2.7, with a total of 2,685,043 tonnes of materials mined during the June 2025 quarter [27] - Environmental and safety practices at both projects have been strong, with no reportable incidents recorded [27][13] Group 4: Corporate Developments - The company completed the dissolution of its subsidiary, Africa Peak Trading House Limited, recognizing a non-cash loss of CAD$20 million [29][30] - A settlement related to the Sycamore acquisition involved the issuance of shares and cash payments totaling CAD$1 million [31][32] - Robex has a US$130 million facility with Sprott Resource Lending to support construction at Kiniéro, with the first drawdown of US$25 million completed in March 2025 [34][35]