Mr. Benjamin Cohen reports
ROBEX RESOURCES INC.: NEW PRODUCTION RECORD FOR THE NAMPALA MINE
Robex Resources Inc. had a record-breaking second quarter attributable gold production of 12,089 ounces (376 kilograms), representing a monthly average greater than 4,030 ounces (125 kg). In July, the Nampala mine achieved 5,080 ounces (158 kg), its best monthly gold production.
The company obtains its results through constant factory progression: Last July's record was a triple success: a record production of tonnage with more than 167,000 tonnes of ore processed during the month, a feat in terms of recovery and a technical prowess that managed to significantly reduce the consumption of cyanide (monthly savings of $75,000).
The addition of a crusher by the end of August should allow the Nampala mine to continue this progression: Currently, the company is in a good position to achieve its ambitious operational objectives that were set for 2019. For the first seven months, attributable gold production reached 28,228 ounces (878 kg), which represents more than 60 per cent of the targeted 45,000 ounces (1,400 kg) for 2019.
National Instrument 43-101 report
Reported in the press release dated June 25, 2019, the company officially files NI 43-101 technical report completed by Mario Boisse, PEng, and Denis Boivin, PGeo, regarding the mineral resource and mineral reserve estimates for the Nampala mine. The technical report in conformity with the National Instrument 43-101 entitled "NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Estimates for the Nampala Gold Mine" was prepared by Mario Boisse, PEng, and Denis Boivin, PGeo. All are considered qualified persons as defined by NI 43-101. The technical report has an effective date of May 1, 2019, and a signature date of Aug. 1, 2019.
As a reminder, the mineral reserve estimate (2019MR) reported 180,000 ounces of reserves solely in oxide as of May 1, or 7,719,000 tonnes at a 0.73 gram per tonne grade with a 2.76 stripping ratio, which currently corresponds to approximately a 4-1/2-year service life. The mineral resources (2019MRE) are encouraging, but require additional work in the upcoming months to reduce uncertainties and qualify part of this mineral reserve.
The technical report may be found on the company website and under Robex's profile on SEDAR.
The exploration and drilling campaign will resume.
A new exploration and dynamic drilling campaign will begin as soon as Mali's rainy season comes to an end in October as a follow-up on the positive drilling results of 2018 to 2019, the new mineral resources estimate (2019MRE) and the new mineral reserve estimate (2019MR). The 2019 to 2020 exploration and drilling program is currently being developed. As recommended in the technical report, the company is anticipating efforts targeting new drilling sites surrounding the seven identified pits for the exploitation of mineral reserves to connect smaller pits in the eastern, southern and western gold zones of the main Nampala pit. A major effort is also being made internally to structure and strengthen a Malian technical team.
We seek Safe Harbor.
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