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Robex Pours First Gold at Kiniéro on Schedule and Budget
Globenewswire· 2025-12-21 22:28
Core Viewpoint - Robex Resources Inc has successfully poured its first gold at the Kiniéro Gold Project in Guinea, achieving this milestone on schedule and within budget, marking a significant achievement for the company [3][4]. Operational Update - The first gold pour at Kiniéro resulted in a gold bar weighing 2.64 kilograms (85 ounces) [4]. - The project has seen nearly 5 million hours worked without a Lost Time Injury (LTI), showcasing the company's commitment to safety [4][5]. - The ramp-up of operations is progressing smoothly, with the plant achieving recoveries in line with expectations [4][9]. - The Kiniéro plant is expected to reach its nameplate capacity in early Q1 CY2026 [4]. - Open-pit mining is ramping up from the South Sabali starter pit, with ore stockpiles building on the ROM pad [4][9]. Project Development - The construction of the Kiniéro project was completed in 17 months, representing the sixth successful build by the construction team in 15 years, all delivered on time and on budget [4][6]. - Robex has secured an exclusive option to buy back and extinguish the Mansounia royalties, which currently stands at 0.5% NSR [13]. - The Kiniéro project is now Robex's second producing asset, alongside the Nampala project in Mali, which has a production guidance of 46,000 to 48,000 ounces per year [4]. Strategic Merger - The successful delivery of the Kiniéro project supports the rationale for the proposed merger with Predictive Discovery, which is expected to enhance the company's position in West Africa [4][7]. - The merger aims to create a tier-1 gold mining hub in West Africa, combining the production capabilities of Kiniéro and the Bankan Gold Project, with projected annual production exceeding 400,000 ounces by 2029 and combined resources of approximately 9.5 million ounces of gold [4][7].