Robex Resources Inc./Nampala: Advancement of the Work for the Implementation of Production
December 06 2012 - 8:15AM
Marketwired
Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to
inform its shareholders that the construction of the mine on the
Mininko permit in Nampala is going very well.
The mobilization process is currently underway and equipment is
arriving on site every day. The construction of the concrete plant
and warehouse, as well as the installation of concrete bases for
the building of the sentry gate is progressing very well (see
photos at www.robexgold.com). Also, the construction of the second
base of life necessary for workers and managers is being started
and the construction of the analytical laboratory is in the final
stages. As of next week, the layout of the fence surrounding the
site will be implemented and the stripping work of the plant site
and access to the pit and tailings facility will be initiated.
In addition, Robex is proud to present the team in place in
Nampala who are presently working hard on the advancement of the
project:
Mr. Regis Desbiens, VP Mine, Mr. Andre Drouin, metallurgist, Mr.
Francois Dupuis, Construction Manager, Richard Samson, topographer,
Mr. Claude Pelletier, Director of Procurements, Mr. Jeffrey
Doodnath, Overseas Procurement Officer and Ms. Jacinthe Turcotte,
administrative Director. Will also be posted soon; Mr. Alain
Gauthier, Superintendent of mining operations, Mr. Jean-Pierre
Pelletier, Earth Works Supervisor and Mr. Yvan Garon, mechanical
and civil structure construction supervisor.
Reminder on the Nampala mining project
The Company has decided to start gold production with a plant
having a capacity of around 1,500 tonnes per day ("t/d") and
increase this, sequentially, notably through internal cash flows,
until the threshold of 6,000 t/d as envisioned in the BFS (approx.
50,000 oz Au per annum) is reached. The expansions are planned as
soon as the construction of the first phase is completed. We
believe that being in production should open up access to debt
financing required for expansions if necessary. In addition, the
possible exercise of warrants issued in this financing is
specifically designed to address those expansions. Robex continues
its exploration on Mininko (Nampala) with the objective to double
its resources so as to potentially increase its production to about
13,000 t/d.
Grant of options
Robex Resources Board of Directors agreed to grant 2,000,000
options to its directors, and certain employees and consultants.
The options are granted, under the Robex regime for granting
shares, to acquire the shares at a price of 0.145$. The options
have a term of five years and are subject to a hold period of four
months from the date of the grant of the options.
www.robexgold.com
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, unfavorable 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.
Contacts: Investor relations Andre Gagne President and CEO
418-527-5023a.gagne@robexgold.com Skype: andregagne11
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