Robex: Progress of the Work at the Nampala Mine
QUEBEC CITY, QUEBEC--(Marketwired - Sep 11, 2015) - Robex Resources Inc. ("Robex" and / or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is proud to announce the progress of the extension of the Nampala mine in Mali is well underway.
In fact a very concrete point was made a few days ago with the company in charge of the construction, civil engineering as well as the assembly of the equipment. It appears that:
- The construction of the diesel central is completed. Its start is imminent.
- The start of the power station with its extensions is planned for October 15. The new station will supply 7,500 KVA (kilovolt-ampere) compared to 2800 KVA before.
- The chain feeder, the scrubber, the two story screen, the linear rotary screen and the additional 2 CIL tanks shall be operational no later than October 20. These elements will enable the mine to increase its production at that moment with a target goal of 1,200 tons per day, using the small ball mill that was temporarily installed.
- The start of permanent, large ball mill and cyclone tower that will achieve a target of more than 4,000 tonnes per day is scheduled for December.
The supply of materials and equipment went well. However, the construction was hampered by a particularly difficult rainy season. Nevertheless the company in charge of the construction strives to limit the offset of the starting date. The implementation of a restart phase enables them to perform the tests required, progressively, limiting the risk of production delays.
The small and temporary ball mill has started on July 20, with a target capacity of 600 tonnes per day (t / d). The test phase (commissioning) was completed and the amount of crushed ore is gradually increasing. It currently stands at over 50% of the target goal of 600 tonnes per day. Its availability rate (hours of operation per day) is consistent with the objective of 90%. As mentioned before, the target production will reach 1,200 tons per day around October 20.
This intermediate restart phase with the small ball mill will enables the company to produce gold by loading the coal progressively, and then repeat the elution to financially support the construction work. The current process allows a restart in increments to test the equipment section by section. In the same time, the production teams are advancing very effectively by this progressive increase.
Nomination
Robex is pleased to announce the appointment of Ms. Fabiola Lacroix, as the company's corporate secretary. Ms. Lacroix has been with the company as an assistant to the controller since February 2014 and now combines the two functions.
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