QUEBEC CITY, QUEBEC--(Marketwired - Sept. 23, 2014) - Robex Resources Inc. ("Robex" or the "Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that last week they proceded 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% gold content.
Georges Cohen, President and CEO of Robex Resources Inc. 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 t / d. 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 complimentary elution equipment.
The goal is to reach, as soon as possible, a throughput of about 3,400 t / d 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.
About Robex Resources Inc.
ROBEX is a Canadian exploration and mine development company, whose shares trade in Canada on the TSX Venture Exchange (symbol: RBX) and in Germany at the Frankfurt Stock Exchange (Deutsche Borse AG, symbol: RB4). Robex currently holds eight exploration permits all located in Mali in West Africa. Mali is currently the third largest producer of gold in Africa.
This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Robex's control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavourable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Robex. The forward-looking information is based on the estimates and opinions of Robex's management at the time of the publication of the information and Robex does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.
The TSX Venture Exchange or its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts no liability for the authenticity or accuracy of this release. |