Robex Resources Inc.: End of Construction of Phase-1 for the Nampala Plant; Testing of Operational Equipment in Progress
03 4월 2014 - 10:18PM
Marketwired
Robex Resources Inc.: End of Construction of Phase-1 for the
Nampala Plant; Testing of Operational Equipment in Progress
QUEBEC CITY, QUEBEC--(Marketwired - Apr 3, 2014) - Robex
Resources Inc. (TSX-VENTURE:RBX)(FRANKFURT:RB4) ("Robex" or "the
Company") is pleased to announce the completion of construction of
phase 1 of the plant, that is to say for a processing capacity of
2,500 t/d. The bullion casting section will be completed in
April.
The first start up tests and adjustments to operating equipment
of the plant are underway. The first ore is expected to supply the
plant as of the week of April 7th.
Robex plans, in the coming weeks, to complete operational
adjustments on equipment. The gradual increase in the supply of ore
in the plant is expected to achieve the goal of a minimum quantity
of 2,500 t/d by the end of June.
Concerning the earthwork in the pit, the next two months will
require a significant stripping of residue to expose a greater
surface of the mineralization. The stockpile expected to supply the
plant already exceeds 40,000 tons of ore. The objective is to
prepare a sufficient reserve of ore to get through the next rainy
season.
These additional activities and the addition of the foundations
for future reservoirs and equipment for phase-2 (4,000 t/d),
generated additional costs; furthermore the company plans to
eventually add, earlier than planned, a grinding mill in the
treatment circuit. As a result, the company is currently
negotiating additional funding for a medium debt term.
George Cohen, CEO of Robex comments:
"I want to thank all our employees and contractors for their
efforts and commitment to this wonderful project. It is thanks to a
dedicated and efficient team that the Robex project in Nampala has
been possible in record time and with an investment budget inferior
to the usual practice of the sector."
Also Robex continues the execution of their roadmap as presented
at the last shareholders meeting. The emphasis is based on the
implementation of tools of modern and efficient management,
organization of work and all in full compliance with the Mali
Mining Code.
The company continues to work closely with the local community.
Robex is now a real driving force in the development of the Sikasso
Area. The company is working with local authorities in the context
of the ethical mission that Robex had established to ensure a
positive impact on the surrounding population.
Robex's exploration campaign is still on going. In fact, on the
Moussala permit, 2,500 m were drilled out of a campaign of 4,000
meters. In Nampala, drillings in the eastern area are still
on-going.
A video documenting the completed project facilities will soon
be available on the company's website.
A Twitter account has been set up to allow a direct exchange
between the CEO and shareholders on a regular basis. More
information about the date and time of this exchange will be
announced in the coming days.
Meanwhile, it is now possible to follow Robex on the following
social networks: Twitter, Linkedin and Viadeo. Official news and
media (photos and videos) new will be published frequently on these
social networks.
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 Inc.'s ("Robex") 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.
Augustin RousseletChief Financial
Officer+1.581.741-7421info@robexgold.com
Robex Resources (TSXV:RBX)
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