Name of the Project
Kiniero gold project.

Location
Conakry, Guinea.

Project Owner/s
Canadian mining company Robex Resources Inc.

Project Description
An updated feasibility study, using a base case gold price of $1 800/oz, has demonstrated the project’s ability to produce an average of 139 000 oz/y of gold over a nine-year life-of-mine (LoM). Production over the LoM is estimated at 1.22-million ounces.

The feasibility study notes that the mine plan optimisation efforts prioritise a stable, long mine life, rather than peak upfront production.

Mining is expected to be undertaken by conventional owner-operated truck-and-excavator openpit mining in the SGA, Jean, SGD, Sabali South, Mansounia, and Sabali North and Central pits. Mining in upper oxide layers will be free-dig with drill-and-blast required in areas that mine through the transitional material into fresh rock.

Ore will be processed on site, at a centrally located five-million-tonne-a-year processing facility near the mining areas. The gold will be recovered in a beneficiation plant designed to process a blend of oxide, laterite, transition, and fresh ores from various ore deposits. 

The flowsheet includes two crushing circuits, semiautogenous ball grinding, and pebble crushing milling, dual carbon-in-leach circuits, split Anglo-American Research Laboratories elution, gold electrowinning, and carbon regeneration, which are well proven in the industry. Existing mining infrastructure will be refurbished, with minimal additional infrastructure required.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Using a base case gold price of $1 800/oz, the project has an after-tax net present value, at a 5% discount rate, of $322-million and an internal rate of return of 47%, with a payback of 2.1 years.

Capital Expenditure
Upfront capital is estimated at $243-million.

Planned Start/End Date
The project is on schedule to achieve first gold in the fourth quarter of 2025.

Latest Developments
Robex Resources has said it is on track to deliver first gold at its Kiniero gold project in the fourth quarter of this year, after having received initial results from the Mansounia grade control drilling programme.

The programme is designed to infill resource estimation drilling, enhancing geological confidence ahead of the planned first gold pour.

Drilling has targeted areas within the proposed openpit design, focusing on zones identified for early-stage mining.

The majority of assays received to date are from the south-west portion of the Mansounia orebody, demonstrating strong mineral continuity.

Drilling at Mansounia is ongoing with 61 700 m complete. 

Robex says further assays will be reported as they are received.

The drilling is designed to cover the initial three months of mining the Mansounia pit design area to depths of 30 m to 50 m.

The assay results received to date are from the first 50% of the holes designed. Robex has said the remainder of these holes will be completed and reported over the coming months.

Meanwhile, on July 9, the company secured an amendment to its $130-million facility agreement with Sprott Resource Lending, releasing $25-million from the cash sweep account to fund construction of the Kiniero project.

Key Contracts, Suppliers and Consultants
Primero (redesign of processing plant).

Contact Details for Project Information
Robex Resources Inc, tel +224 623 985 486 or email info@robexgold.com.