Robex Resources Inc.: Start of Production at the Nampala Plant
QUEBEC CTIY, QUEBEC--(Marketwired - Jul 20, 2015) - Robex Resources Inc. ("Robex" and / or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is extremely proud to announce a first restart of the Nampala mine at a rate of 600 tonnes per day (t / d).
This intermediate production phase with a target of 600 t / d will bridge the gap with the start of the definitive ball mill so that mine will not shut down before proceeding to 4,000 tonnes per day afterward.
This phase at 600 t / d is expected to generate a gross margin (after variable costs) of $ 250,000 Canadian dollars monthly and facilitate the transition of the changeover to a production of 4,000 t / day.
The mine construction should be completed by the end of 2015; the mine could then come into full operation because by then all systems will have finished being installed and tested.
Pictures of the installation of small ball mill allowing to process 600 t / d and the progress of construction for the phase of 4000 t / day are available on the Robex website or by clicking on www.robexgold.com directly on this link.
Recent photos of the Nampala mine
Furthermore, the mine itself is being prepared to enter into the exploitation phase; very intense ground work has been done to prepare the mine to restart its operation at 4,000 t/d. In fact, 80,000 tonnes of ore were moved onto the Rompad which was increased to 100,000 tonnes of ore immediately available. In addition, the samples made it possible to define an area of 200,000 tonnes of ore directly exploitable in the pit.
Finally, the cell No. 2 of the tailings facility was prepared.
Comment from the President and CEO M. George Cohen:
"We are confident in our strategy and success. The intermediate restart the Nampala mine paves the way towards the production phase of 4,000 tonnes per day. I am very happy with this prospect for Robex and all of their shareholders of course, but also for the entire Malian community that awaited the signal. "
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Augustin Rousselet, CFO
Office: (581) 741-7421
info@robexgold.com