Pre-feasibility Study For The Kiniero Gold Project

QUÉBEC CITY - Robex Resources Inc. has recently completed a positive Pre-Feasibility Study (PFS) and Mineral Reserve estimation for the Kiniero Gold Project located in Republic of Guinea, West Africa. Previously Robex announced a business combination with Sycamore Mining Ltd, a Cyprus based mining Company owning the Kiniero Project. Closing of the Transaction is still expected to occur after the publication of the new NI 43-101 report and satisfaction of the other conditions precedent to closing, expected by end of Q3 2022.

The PFS confirms good economics for the re-development of the open-pit operations at Kiniero, targeting a series of 5 deposits (the Sector Gobele A “SGA” Complex, Sabali, Mansounia Central, Jean and West Balan) for a total of 13 ore bodies that will feed a central gold processing facility.

Benjamin Cohen, CEO, said, “The new Robex team has completed a major step in de-risking Kiniero, demonstrating a robust starter project with attractive economics. We have demonstrated 1.28 Moz of M&I and 1.4 Moz of Inferred of current resources and significant near-term exploration upside. We believe this will allow us quickly to increase the life of mine and the value of the project. The group also progressed at the operational level with an expanded team to implement Nampala’s proven operational DNA.

With Nampala performing extremely well we can capitalize on our position to optimize the intrinsic value of Kiniero. We believe the Project’s location in the heart of the prolific Kiniero District, scale, economics, permitting status, and extensive technical work make Kiniero a unique asset in West Africa. We are progressing quickly towards production at the heart of this new multi millions once gold basin in west Africa.

With this PFS we will continue our discussions with the financiers to accelerate investments by end-2022. This would help us to move towards our target of first pour in Q1 2024”.