08:36:23 EDT Thu 25 Apr 2024
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Robex Resources Inc
Symbol RBX
Shares Issued 283,675,539
Close 2014-09-22 C$ 0.18
Market Cap C$ 51,061,597
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Robex Resources completes dore test casting at Nampala

2014-09-23 08:16 ET - News Release

Mr. Georges Cohen reports

ROBEX RESOURCES INC.: FIRST GROSS GOLD SALES

Last week, Robex Resources Inc. proceeded in the casting of a first dore test (raw ingot) at the Nampala mine in Mali. This test dore has a net weight of 3.6 kilograms and a grade of 93.07-per-cent-gold content.

Georges Cohen, president and chief executive officer of Robex Resources, stated: "This test casting has enabled us to validate the entire chain of production, including export and transport to the refiner.

"The challenges we had on the elution led us to realize that we were able to complete a successful casting, though not yet fully satisfactory. The critical path, today, shows that our plant performs perfectly well for the regular daily throughput of 2,800 tonnes per day. However, we first have to perfect the recovery rate of the CIL circuit by adding two additional cyanidation tanks and, secondly, obtain from our gold room adequate capacity to match our throughput by adding complementary elution equipment.

"The goal is to reach, as soon as possible, a throughput of about 3,400 tonnes per day throughout the entire production chain.

"These investments represent minor amounts in regards to the return on investment. However, we are dependent on manufacturing, transportation and installation. This delay will oblige us, in the meantime, to adjust our operating costs to the production capacity of the gold room."

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