Latest news with #KinieroGoldProject
Yahoo
13-06-2025
- Business
- Yahoo
Robex remains on track for first gold at Kiniero in Q4 2025
Highlights: Construction at Robex's Kiniero Gold Project, Guinea, remains on schedule and budget with first gold pour on track for Q4 2025. Project remains LTI free (lost time injury). All project engineering and detail design completed. Phase 1 grade control drilling of Mansounia pit continues, with 55,430m drilled and 61,520 samples collected. Mansounia drilling to be completed by end of June, with drilling to commence at the Sabali pit. SMP (Structural, Mechanical & Piping) works commenced, with 115 tonnes erected in the milling building and pipe racks. All purchase orders for mechanical and electrical equipment, piping and electrical materials completed and on track for delivery, including 90% of power station materials collected and shipped. Process plant concrete is approximately 95% complete and power station concrete 32% complete. Structural steel and platework fabrication at 89% and 90% complete respectively, with 11 shipments of structural steel and four shipments of platework in transit to Kiniero. All fabrication is to be completed ahead of schedule. Field tank structures 64% completed. CIL Tank Train A is completed with CIL Tank Train B due for completion mid-July 2025. Preparation of Phase 1A of the tailings storage facility base is nearing completion, with 625,607m2 of 800,000m2 liner placed. Fuel supply contract was awarded and construction of the fuel storage facility commenced. Mill installation contract awarded, and the installation team is mobilising to site. Contracts for mining and drill and blast to be signed this month, with mobilisation commenced. ROM pad backfilling completed. Geotechnical drilling for a solar farm commenced. QUEBEC CITY, June 13, 2025 (GLOBE NEWSWIRE) -- West African gold producer and developer Robex Resources Inc ('Robex' or the 'Company') (ASX: RXR | TSX-V: RBX | OTC: RSRBF | Börse Frankfurt: RB4) is pleased to provide a June 2025 project construction update for its Kiniero Gold Project in Guinea, West Africa. Robex is on track to deliver first gold at Kiniero in Q4 1: Aerial view of the Kiniero site showing process plant and infrastructure (9 June 2025)Figure 2: View of Milling building showing erection of steel (7 June 2025)Figure 3: View of CIL with main pipe rack steel erection of steel (11 June 2025)Figure 4: Tailings storage facility showing the extent of lining and main embankment construction (7 June 2025)Figure 5: View of the Milling and CIL looking west (7 June 2025) Robex's Managing Director and Chief Executive Officer Matthew Wilcox said:'Kiniero is moving closer to completion each month, and it is so pleasing to see this progress continue in a safe and methodical manner, maintaining our schedule to achieve first gold in Q4 2025. We've ordered everything we need for the project and deliveries of materials are arriving at site on a regular basis to ensure we continue to meet our targets. Design is complete and many aspects of the project build are underway or nearing completion. Grade control drilling is progressing well and will provide us with important data for mine planning at Mansounia before we head to the Sabali pit to continue this work. Having completed our Initial Public Offer to raise A$120 million, followed by our successful listing on the ASX earlier this month, we are renewed in our efforts to deliver Shareholder value through Kiniero and Nampala, and look forward to providing further updates on Kiniero's progress as we get closer to pouring first gold.' Kiniero Construction Activities Construction at Kiniero continues to track well against the schedule, with the majority of concrete for the process plant completed. Three shipments of structural steel arrived on site, with progressive deliveries scheduled to arrive every two weeks. The SMP contractor has commenced structural steel erection of the milling building and pipe racks. The milling installation crew has commenced mobilisation to site with erection to begin mid-June 2025. The tailings dam construction is progressing well, with 78% of the phase 1A lining 6: Primary crusher ROM pad and chamber (7 June 2025)Figure 7: View of reclaim chamber (7 June 2025)Figure 8: Five out of eight power station generator bases have been poured (7 Jun 2025)Figure 9: Power station engines collected and loaded into charter vessel (7 June 2025)Figure 10: Power Station ancillary equipment loaded into charter vessel (7 June 2025) Next Steps Complete final two remaining major concrete pours within the process plant by end of June 2025. Complete Tailings Storage Dam phase 1A lining by end of June 2025. Commence mill installation works on site. Continue with erection of steelwork within the process plant. Commence overland piping installation. Commence grade control drilling of Sabali pit. Execute contracts for mining and drill and blast on customary terms for the nature of these services. Award the ore haulage contract. Award the laboratory and power station operation and maintenance contracts. Procure critical, operating and maintenance spares. Robex remains very well positioned to advance the construction of Kiniero, which remains on schedule to realise first gold production by Q4 2025. This announcement was approved by the Managing Director. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Resources Inc. Matthew Wilcox, Managing Director and Chief Executive Officer Alain William, Chief Financial Officer Email: investor@ Investors and Media:Nathan RyanNWR Communications+61 420 582 FORWARD-LOOKING INFORMATION AND FORWARD-LOOKING STATEMENTS Certain information set forth in this news release contains 'forward-looking statements' and 'forward-looking information' within the meaning of applicable securities legislation (referred to herein as 'forward-looking statements'). Forward-looking statements are included to provide information about the Company's management's ('Management's') current expectations and plans that allow investors and others to have a better understanding of the Company's business plans and financial performance and condition. Statements made in this news release that describe the Company's or Management's estimates, expectations, forecasts, objectives, predictions, projections of the future or strategies may be 'forward-looking statements', and can be identified by the use of the conditional or forward-looking terminology such as 'aim', 'anticipate', 'assume', 'believe', 'can', 'contemplate', 'continue', 'could', 'estimate', 'expect', 'forecast', 'future', 'guidance', 'guide', 'indication', 'intend', 'intention', 'likely', 'may', 'might', 'objective', 'opportunity', 'outlook', 'plan', 'potential', 'should', 'strategy', 'target', 'will' or 'would' or the negative thereof or other variations thereon. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. Specific forward-looking statements Forward-looking statements and forward-looking information are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements or information. There can be no assurance that such statements or information will prove to be accurate. Such statements and information are based on numerous assumptions, including: the ability to execute the Company's plans relating to the Kiniero Gold Project as set out in the feasibility study with respect thereto, as the same may be updated, the whole in accordance with the revised timeline previously disclosed by the Company; the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Kiniero Gold Project; the absence of unforeseen operational delays; the absence of material delays in obtaining necessary permits; the price of gold remaining at levels that render the Kiniero Gold Project profitable; the Company's ability to continue raising necessary capital to finance its operations; the ability of the Company to realize on the mineral resource and mineral reserve estimates; assumptions regarding present and future business strategies, local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future; and the Company's access to the facility made available under the Sprott Facility Agreement (as detailed in the replacement prospectus dated 6 May 2025 and lodged with ASX on 3 June 2026) (Facility Agreement). Risks Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to: the risk that the Company is unable to fulfil the conditions precedent to drawdowns under the , and is therefore not able to borrow some or all of the principal amount otherwise available under the Facility Agreement; the risk that the Company is unable to generate sufficient cash flow or complete subsequent debt or equity financings to allow it to repay amounts borrowed under the Facility Agreement; the risk that the obligors under the Facility Agreement are unable to comply with the financial and other covenants under the Facility Agreement, giving rise to an event of default; geopolitical risks and security challenges associated with its operations in West Africa, including the Company's inability to assert its rights and the possibility of civil unrest and civil disobedience; fluctuations in the price of gold; uncertainties as to the Company's estimates of mineral reserves and mineral resources; the speculative nature of mineral exploration and development; the replacement of the Company's depleted mineral reserves; the Company's limited number of projects; the risk that the Kiniero Gold Project will never reach the production stage; the Company's capital requirements and access to funding; changes in legislation, regulations and accounting standards to which the Company is subject, including environmental, health and safety standards, and the impact of such legislation, regulations and standards on the Company's activities; equity interests and royalty payments payable to third parties; price volatility and availability of commodities; instability in the global financial system; uncertainty surrounding the imposition of tariffs by one country, including, but not limited to, the United States, on goods or services being imported into that country from another country and the ultimate effect of such tariffs on the Company's supply chains; the effects of high inflation, such as higher commodity prices; fluctuations in currency exchange rates, particularly as between the Canadian dollar, in which the Company presently raises its equity financings, and the US dollar; the risk of any pending or future litigation against the Company; limitations on transactions between the Company and its foreign subsidiaries; volatility in the market price of the Company's securities; tax risks, including changes in taxation laws or assessments on the Company; the Company obtaining and maintaining titles to property as well as the permits and licenses required for the Company's ongoing operations; changes in project parameters and/or economic assessments as plans continue to be refined; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; the effects of public health crises on the Company's activities; the Company's relations with its employees and other stakeholders, including local governments and communities in the countries in which it operates; the risk of any violations of applicable anticorruption laws, export control regulations, economic sanction programs and related laws by the Company or its agents; the risk that the Company encounters conflicts with small-scale miners; competition with other mining companies; the Company's dependence on third-party contractors; the Company's reliance on key executives and highly skilled personnel; the Company's access to adequate infrastructure; the risks associated with the Company's potential liabilities regarding its tailings storage facilities; supply chain disruptions; hazards and risks normally associated with mineral exploration and gold mining development and production operations; problems related to weather and climate; the risk of information technology system failures and cybersecurity threats; and the risk that the Company may not be able to insure against all the potential risks associated with its operations. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. These factors are not intended to represent a complete and exhaustive list of the factors that could affect the Company; however, they should be considered carefully. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. See also the 'Risk Factors' section of the Company's Annual Information Form, available under the Company's profile on SEDAR+ at or on the Company's website at for additional information on risk factors that could cause results to differ materially from forward-looking statements. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Additional Updates All of the forward-looking statements contained in this news release are given as of the date hereof and are based upon the opinions and estimates of Management and information available to Management as at the date hereof. The Company disclaims any intention or obligation to update forward-looking information if circumstances or Management's estimates, assumptions or opinions should change, except as required by applicable law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking information. Figures accompanying this announcement are available at: while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Robex Announces Completion of Initial Public Offering
Not for release to US wire services or distribution in the United States QUÉBEC CITY, May 30, 2025 (GLOBE NEWSWIRE) -- West African gold producer and developer Robex Resources Inc ('Robex' or the 'Company') (TSX-V: RBX) is pleased to announce that, it has successfully completed an initial public offering on the Australian Securities Exchange (the 'ASX') of 38,585,209 CHESS Depositary Interests ('CDIs') at an issue price of A$3.11 each (~C$2.73), to raise A$120 million (before associated costs) (the 'Offer'). Each CDI represents one underlying common share of Robex. The Company has received approval, subject to the usual conditions, from the ASX to Robex's admission to the Official List and to the Official Quotation of Robex's CDIs. Robex is working with ASX to meet the listing conditions and it is expected that trading in Robex's CDIs (assigned a code of 'RXR') on the ASX will commence on a normal settlement basis on June 5, 2025. The Offer has received conditional TSX Venture Exchange ('TSXV') acceptance, and final approval of the TSXV is subject to receipt by the TSXV of customary closing materials. The net proceeds raised pursuant to the Offer will be used for development of the Kiniero Gold Project, financing costs, corporate costs and working capital, including to partially cover the costs of the Offer. Pursuant to the terms of an underwriting agreement between Robex and the joint lead managers, Euroz Hartleys Limited and Canaccord Genuity (Australia) Limited (the 'JLMs'), with SCP Resource Finance LP appointed as Co-Lead Manager and Blackwood Capital Pty Ltd appointed as Co-Manager to the Offer, Robex will pay a cash commission in the amount of A$ 5,4 million (~C$ 4,805,460). Robex's Managing Director and CEO Matthew Wilcox said: 'We're grateful for the completion of our initial public offering on the ASX. This operation is a crucial milestone for Robex Resources Inc and for the development of the Kiniero Gold Project. We have received conditional approval from the ASX and are actively working to meet the listing conditions. We look forward to commencing trading of our CDIs on the ASX and continuing to progress towards production on budget and schedule.' Related Party Transaction Certain directors and officers of the Company participated in the Offer and acquired CDIs. Their participation constitutes a 'related party transaction' within the meaning of Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions ('MI 61-101'). Such transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of any securities issued to nor the consideration paid by such person exceeds 25% of the Company's market capitalization. The participants in the Offer and the extent of their participation were not finalized until shortly prior to the completion of the Offer. Accordingly, it was not possible to publicly disclose details of the nature and extent of the related party participation in the Offer prior to completion of the Offer. Each related party transaction under the Offer is described below: (i) Alain William, Chief Financial Officer of the Company, purchased 16,077 CDIs for an aggregate subscription price of A$49,999.47; (ii) Gwendal Bonno, General Manager, People and Communication of the Company, purchased 96,463 CDIs for an aggregate subscription price of A$299,999.93; (iii) Howard Golden, a director of the Company, purchased directly or indirectly 3,215 CDIs for an aggregate subscription price of A$9,998.65; (iv) Dimitrios Felekis, Chief Development Officer of the Company, purchased 48,231 CDIs for an aggregate subscription price of A$149,998.41; (v) Clinton Bennett, Chief Operating Officer of the Company, purchased 9,646 CDIs for an aggregate subscription price of A$29,999.06; and (vi) John Dorward, a director of the Company, purchased directly or indirectly 25,723 CDIs for an aggregate subscription price of A$79,998.53. About Robex Resources Inc. Robex is a multi-jurisdictional West African gold production and development company with considerable exploration potential. The Company is dedicated to safe, diverse and responsible operations in the countries in which it operates with a goal to foster sustainable growth. The Company has been operating the Nampala mine in Mali since 2017 and is advancing the Kiniero Project in Guinea. Robex's ambition is to become one of the most important mid-tier gold producers in West Africa. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Robex Resources Inc. Matthew Wilcox, Managing Director and Chief Executive Officer Alain William, Chief Financial Officer +1 581 741-7421 Email: investor@ Not an offer of securities This news release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this news release have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws. FORWARD-LOOKING INFORMATION AND FORWARD-LOOKING STATEMENTS Certain information set forth in this news release contains 'forward‐looking statements' and 'forward‐looking information' within the meaning of applicable Canadian securities legislation (referred to herein as 'forward‐looking statements'). Forward-looking statements are included to provide information about the Company's management's ('Management's') current expectations and plans that allow investors and others to have a better understanding of the Company's business plans and financial performance and condition. Statements made in this news release that describe the Company's or Management's estimates, expectations, forecasts, objectives, predictions, projections of the future or strategies may be 'forward-looking statements', and can be identified by the use of the conditional or forward-looking terminology such as 'aim', 'anticipate', 'assume', 'believe', 'can', 'contemplate', 'continue', 'could', 'estimate', 'expect', 'forecast', 'future', 'guidance', 'guide', 'indication', 'intend', 'intention', 'likely', 'may', 'might', 'objective', 'opportunity', 'outlook', 'plan', 'potential', 'should', 'strategy', 'target', 'will' or 'would' or the negative thereof or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation, including, without limitation, statements regarding the terms of the Offer. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks that the ASX listing may not be completed, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project delays or cost overruns or unanticipated excessive operating costs and expenses, uncertainties related to the necessity of financing, uncertainties relating to regulatory procedure and timing for permitting submissions and reviews, the availability of and costs of financing needed in the future as well as those factors disclosed in other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. These factors are not intended to represent a complete and exhaustive list of the factors that could affect the Company; however, they should be considered carefully. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or Management's estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking information.
Ottawa Citizen
14-05-2025
- Business
- Ottawa Citizen
Robex Kiniero Project on Track for First Gold in Q4
Article content HIGHLIGHTS: Article content Article content Construction at Robex's Kiniero Gold Project, Guinea, remains on schedule and budget – first gold pour on track for Q4 CY25. Project remains LTI free (lost time injury). Phase 1 grade control drilling at Mansounia commenced on 18 March 2025 with 24,287m drilled as of 30 April. SMP (Structural, Mechanical & Piping) Contract for process plant construction awarded and mobilisation commenced. First four power station engines and generators completed and successfully tested for shipping in early June. Four remaining power station engines are scheduled for testing mid-June. Mechanical and electrical equipment, piping and electrical materials on track for delivery within the working schedule. ROM pad backfilling nearing completion. Reclaim chamber suspended slab scheduled for late May as final major concrete pour. Process plant concrete 93% complete. Structural steel and platework fabrication at 74% and 83% respectively progressed, with seven shipments of structural steel and two shipments of platework in transit to Kiniero; Field tank structures 56% progressed. Preparation of Phase 1A of tailing storage facility (TSF) base is nearing completion with 450,000m2 of 800,000m2 liner placed. Construction of the main embankment has commenced and progressing well. Fuel supply contract was awarded, and construction of the fuel storage facility has commenced. Mill installation contract awarded with onsite works to commence in early June. Contracts for mining and drill and blast being finalised, with mobilisation commenced. Full mobilisation in Q3 CY2025. MoU signed with Vivo Energy to design Kiniero solar farm. Article content QUEBEC CITY, May 14, 2025 (GLOBE NEWSWIRE) — West African gold producer and developer Robex Resources Inc (' Robex ' or the ' Company ') (TSX-V: RBX) is pleased to provide a May 2025 project construction update for its Kiniero Gold Project in Guinea, West Africa. Robex is on track to deliver first gold at Kiniero in Q4 CY25. Robex expects to produce 155,000oz gold at Kiniero in 2026. Article content Article content Article content Article content Article content Article content Article content Figure 3: Tailings storage facility showing the extent of lining and main embankment construction (9 May 2025). Article content Robex's Managing Director and Chief Executive Officer Matthew Wilcox said: ' Our progress at Kiniero continues on budget and schedule, with some aspects of construction very near to completion, such as process plant construction, which is nearly done, and structural steel and platework fabrication also advanced. It continues to be very busy on site, but our teams are maintaining rigorous safety protocols, and we remain LTI free, which is pleasing. Contracts for mining as well as drill and blast services are being finalised with teams from our selected contractors mobilising to site to ensure this work commences on schedule. Grade control drilling at Mansounia has progressed well since commencing in March. Article content Article content Having progressed our Initial Public Offer to raise $120 million before costs and list on the ASX in June in parallel with our busy construction schedule, I am grateful to both our construction and corporate teams for their hard work and dedication. We look forward to finalising remaining details over the next few months to ensure we achieve our goal of first gold in Q4.' Article content The SMP contract has commenced mobilisation and site establishment and will commence structural steel erection of the first process plant steelwork in early June. The milling installation contract has been awarded with key mill deliveries arriving to site and work for the mill installation will commence in early June. The tailings dam construction is progressing well, with more than 50% of the phase 1A lining completed.
Globe and Mail
08-04-2025
- Business
- Globe and Mail
Robex Announces Settlement Agreement
QUÉBEC CITY, April 08, 2025 (GLOBE NEWSWIRE) -- Robex Resources Inc. (TSXV: RBX) (' Robex ' or the ' Company ') announces that it has entered into a settlement agreement with certain claimants (the ' Claimants ') that were party to a share purchase agreement executed between the Company, Sycamore Mining Ltd. and its shareholders on April 19 th, 2022 (the ' Sycamore SPA ') with respect to certain claims made by the Claimants (Sycamore Agreement), which remains conditional upon receiving the approval of the TSX Venture Exchange (the ' TSX-V '). In consideration of a mutual full and final release in regard to the Sycamore SPA and accessory agreements, the Company agreed to: issue all outstanding common shares of the Company issuable pursuant to the Sycamore SPA; pay to the Claimants a total sum of CAD$1,000,000, made in a first installment of CAD$250,000 before June 5 th, 2025, and a second installment of CAD$750,000 before September 5 th, 2025; and grant to the Claimants a total of 12,500,000 common share purchase Warrants (the ' Settlement Warrants '), with each Settlement Warrant entitling the holder to acquire one common share for a period of 36 months, for an exercise price of CAD$2.75 per common share. About Robex Resources Inc. Robex is a multi-jurisdictional West African gold production and development company with near-term exploration potential. The Company is dedicated to safe, diverse and responsible operations in the countries in which it operates with a goal to foster sustainable growth. The Company has been operating the Nampala mine in Mali since 2017 and is advancing the Kiniero Gold Project in Guinea. Robex is supported by two strategic shareholders and has the ambition to become one of the most important mid-tier gold producers in West Africa. For more information ROBEX RESOURCES INC. Matthew Wilcox, Managing Director and Chief Executive Officer Alain William, Chief Financial Officer +1 581 741-7421 Email: investor@ FORWARD-LOOKING INFORMATION AND FORWARD-LOOKING STATEMENTS Certain information set forth in this news release contains 'forward‐looking statements' and 'forward‐looking information' within the meaning of applicable Canadian securities legislation (referred to herein as ' forward ‐ looking statements '). Forward-looking statements are included to provide information about Management's current expectations and plans that allow investors and others to have a better understanding of the Company's business plans and financial performance and condition. Statements made in this news release that describe the Company's or Management's estimates, expectations, forecasts, objectives, predictions, projections of the future or strategies may be 'forward-looking statements', and can be identified by the use of the conditional or forward-looking terminology such as 'aim', 'anticipate', 'assume', 'believe', 'can', 'contemplate', 'continue', 'could', 'estimate', 'expect', 'forecast', 'future', 'guidance', 'guide', 'indication', 'intend', 'intention', 'likely', 'may', 'might', 'objective', 'opportunity', 'outlook', 'plan', 'potential', 'should', 'strategy', 'target', 'will' or 'would' or the negative thereof or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. Such statements may include, but are not limited to; obtaining all necessary regulatory approvals, including the acceptance of the Settlement by the TSXV and the timing thereof; and the completion of the Settlement and the timing thereof. Forward-looking statements and forward-looking information are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements or information. There can be no assurance that such statements or information will prove to be accurate. Such statements and information are based on numerous assumptions, including: the Company's ability to satisfy the conditions precedent to the Settlement, including obtaining all necessary regulatory approvals and the timing thereof (including the acceptance of the Settlement by the TSXV). Certain important factors could cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements including, but not limited to: delays in obtaining all necessary regulatory approvals and the timing thereof (including the acceptance of the Settlement by the TSXV), All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. These factors are not intended to represent a complete and exhaustive list of the factors that could affect the Company; however, they should be considered carefully. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or Management's estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company's expected financial and operational performance and results as at and for the periods ended on the dates presented in the Company's plans and objectives, and may not be appropriate for other purposes.
Associated Press
02-04-2025
- Business
- Associated Press
Robex Progresses Kiniero Toward First Gold in Q4 2025
Highlights: Construction at Robex's Kiniero Gold Project, Guinea, remains on schedule and budget - first gold pour on track for Q4 CY25. Project remains LTI free (lost time injury). Grade control drilling phase 1 contract awarded; drilling has commenced. SMP (Structural, Mechanical & Piping) contract for process plant construction awarded; contractor to mobilise in May 2025. Process plant engineering and detailed design are complete. The first four power station engines and generators are nearing completion, with testing scheduled for mid-April at Hyundai's factory. Purchase orders raised for key mechanical and electrical equipment including Train B CIL agitators, pebble crusher and conveyor drives. Primary crusher ROM wall completed, and ROM pad backfilling has commenced. SAG and Ball mill concrete foundations are 100% complete. Structural steel and platework fabrication at 55% complete, with four shipments of structural steel collected and in transit to Kiniero. Platework deliveries will commence next month. Concrete work for the process plant is progressing on schedule, with 85% (7,065m3) of concrete poured to date. Concrete work for the power station and fuel storage has commenced. Tank structures are 42% complete, with all six tanks for the CIL Train A circuit at full height. Clearing for the tailings storage facility (TSF) is complete and the TSF base is being progressively prepared. Lining (HDPE) commenced with more than 90,000m2 laid in March. QUEBEC CITY, April 02, 2025 (GLOBE NEWSWIRE) -- West African gold producer and developer Robex Resources Inc ('Robex' or the 'Company') (TSX-V: RBX) is pleased to provide a March 2025 project construction update for its Kiniero Gold Project in Guinea, West Africa. Robex is on track to deliver first gold at Kiniero in Q4 CY25. Robex expects to produce 155,000oz gold at Kiniero in 2026. Figure 1: Overall view of the process plant looking southwest (22 March 2025). Figure 2: Kiniero overview showing completed mill foundations and CIL tanks (28 March 2025). Figure 3: Tailings storage facility showing the extent of lining completed (22 March 2025). Robex's Managing Director and Chief Executive Officer Matthew Wilcox said: 'Kiniero continues to progress to schedule and budget and we remain on track to achieve first gold pour at the project in Q4 2025. It is exciting to see this project taking shape, and our teams working together in a safe and responsible manner to achieve this deadline. It continues to be incredibly busy on site with many key aspects of the project now coming into play. We are keeping a close eye on our targets to ensure they remain achievable as we work towards first gold by the end of the year.' Construction Activities Construction continues to track well against the schedule, with the SAG and ball mill foundation completed. The primary crusher ROM wall is now complete, and backfilling of the ROM pad has commenced. Lining of the tailings storage facility commenced in March. Power station concrete works commenced with excavation and blinding of the engine bases. The following figures show a snapshot of the progress achieved on site during March 2025. Figure 4: Primary crusher ROM wall and chamber Figure 5: View of reclaim chamber and primary crusher Figure 6: Excavation of power station engine bases Figure 7: Grade control drilling commenced at Mansounia pit Figure 8: First four power station generators and engines nearing completion Figure 9: Structural steel packed for shipping and platework chutes ready for collection Next Steps Award major contracts including Mill installation, mining, haulage and drill and blast. Commence design of the solar farm. Mobilisation of SMP contractor in Q2 CY2025. Mobilisation of mining contractor in Q3 CY2025. Robex remains very well positioned to advance the construction of Kiniero, which remains on schedule to realise first gold production by Q4 CY25. Robex expects Kiniero to produce 155,000oz gold in 2026. For more information Certain information set forth in this news release contains 'forward‐looking statements' and 'forward‐looking information' within the meaning of applicable Canadian securities legislation (referred to herein as 'forward‐looking statements'). Forward-looking statements are included to provide information about Management's current expectations and plans that allows investors and others to have a better understanding of the Company's business plans and financial performance and condition. Statements made in this news release that describe the Company's or Management's estimates, expectations, forecasts, objectives, predictions, projections of the future or strategies may be 'forward-looking statements', and can be identified by the use of the conditional or forward-looking terminology such as 'aim', 'anticipate', 'assume', 'believe', 'can', 'contemplate', 'continue', 'could', 'estimate', 'expect', 'forecast', 'future', 'guidance', 'guide', 'indication', 'intend', 'intention', 'likely', 'may', 'might', 'objective', 'opportunity', 'outlook', 'plan', 'potential', 'should', 'strategy', 'target', 'will' or 'would' or the negative thereof or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. Such statements may include, but are not limited to, statements regarding: the perceived merit and further potential of the Company's properties; the Company's estimate of mineral resources and mineral reserves (within the meaning ascribed to such expressions in the Definition Standards on Mineral Resources and Mineral Reserves adopted by the Canadian Institute of Mining Metallurgy and Petroleum ('CIM Definition Standards') and incorporated into National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101')); capital expenditures and requirements; the Company's access to financing; preliminary economic assessments (within the meaning ascribed to such expressions in NI 43-101) and other development study results; exploration results at the Company's properties; budgets; strategic plans; market price of precious metals; the Company's ability to successfully advance the Kiniero Gold Project on the basis of the results of the feasibility study (within the meaning ascribed to such expression in the CIM Definition Standards incorporated into NI 43-101) with respect thereto, as the same may be updated, the whole in accordance with the revised timeline previously disclosed by the Company; the potential development and exploitation of the Kiniero Gold Project and the Company's existing mineral properties and business plan, including the completion of feasibility studies or the making of production decisions in respect thereof; work programs; permitting or other timelines; government regulations and relations; optimization of the Company's mine plan; the future financial or operating performance of the Company and the Kiniero Gold Project; exploration potential and opportunities at the Company's existing properties; costs and timing of future exploration and development of new deposits; the Company's ability to enter into definitive documentation in respect of the USD115 million project finance facility for the Kiniero Gold Project (including a USD15 million cost overrun facility, the 'Facilities'), including the Company's ability to restructure the Taurus USD35 million bridge loan and adjust the mandate to accommodate for the revised timeline of the enlarged project; timing of entering into definitive documentation for the Facilities; if final documentation is entered into in respect of the Facilities, the drawdown of the proceeds of the Facilities, including the timing thereof; and the Company's ability to reach an agreement with the Malian authorities to establish a sustainable new tax framework for the Company, and for the sustainable continuation of the Company's activities and further exploration investments at Nampala. Forward-looking statements and forward-looking information are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements or information. There can be no assurance that such statements or information will prove to be accurate. Such statements and information are based on numerous assumptions, including: the ability to execute the Company's plans relating to the Kiniero Gold Project as set out in the feasibility study with respect thereto, as the same may be updated, the whole in accordance with the revised timeline previously disclosed by the Company; the Company's ability to reach an agreement with the Malian authorities to establish a sustainable new tax framework for the Company, and for the sustainable continuation of the Company's activities and further exploration investments at Nampala; the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Kiniero Gold Project; the absence of unforeseen operational delays; the absence of material delays in obtaining necessary permits; the price of gold remaining at levels that render the Kiniero Gold Project profitable; the Company's ability to continue raising necessary capital to finance its operations; the Company's ability to restructure the Taurus USD35 million bridge loan and adjust the mandate to accommodate for the revised timeline of the enlarged project; the Company's ability to enter into definitive documentation for the Facilities on acceptable terms or at all, and to satisfy the conditions precedent to closing and advances thereunder (including satisfaction of remaining customary due diligence and other conditions and approvals); the ability to realize on the mineral resource and mineral reserve estimates; and assumptions regarding present and future business strategies, local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future. Certain important factors could cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements including, but not limited to: geopolitical risks and security challenges associated with its operations in West Africa, including the Company's inability to assert its rights and the possibility of civil unrest and civil disobedience; fluctuations in the price of gold; limitations as to the Company's estimates of mineral reserves and mineral resources; the speculative nature of mineral exploration and development; the replacement of the Company's depleted mineral reserves; the Company's limited number of projects; the risk that the Kiniero Gold Project will never reach the production stage (including due to a lack of financing); the Company's capital requirements and access to funding; changes in legislation, regulations and accounting standards to which the Company is subject, including environmental, health and safety standards, and the impact of such legislation, regulations and standards on the Company's activities; equity interests and royalty payments payable to third parties; price volatility and availability of commodities; instability in the global financial system; the effects of high inflation, such as higher commodity prices; fluctuations in currency exchange rates; the risk of any pending or future litigation against the Company; limitations on transactions between the Company and its foreign subsidiaries; volatility in the market price of the Company's shares; tax risks, including changes in taxation laws or assessments on the Company; the Company's inability to successfully defend its positions in negotiations with the Malian authorities to establish a new tax framework for the Company, including with respect to the current tax contingencies in Mali; the Company obtaining and maintaining titles to property as well as the permits and licenses required for the Company's ongoing operations; changes in project parameters and/or economic assessments as plans continue to be refined; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; the effects of public health crises, such as the COVID-19 pandemic, on the Company's activities; the Company's relations with its employees and other stakeholders, including local governments and communities in the countries in which it operates; the risk of any violations of applicable anticorruption laws, export control regulations, economic sanction programs and related laws by the Company or its agents; the risk that the Company encounters conflicts with small-scale miners; competition with other mining companies; the Company's dependence on third-party contractors; the Company's reliance on key executives and highly skilled personnel; the Company's access to adequate infrastructure; the risks associated with the Company's potential liabilities regarding its tailings storage facilities; supply chain disruptions; hazards and risks normally associated with mineral exploration and gold mining development and production operations; problems related to weather and climate; the risk of information technology system failures and cybersecurity threats; and the risk that the Company may not be able to insure against all the potential risks associated with its operations. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. These factors are not intended to represent a complete and exhaustive list of the factors that could affect the Company; however, they should be considered carefully. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or Management's estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company's expected financial and operational performance and results as at and for the periods ended on the dates presented in the Company's plans and objectives, and may not be appropriate for other purposes. See also the 'Risk Factors' section of the Company's Annual Information Form for the year ended December 31, 2023, available under the Company's profile on SEDAR+ at or on the Company's website at for additional information on risk factors that could cause results to differ materially from forward-looking statements. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
