QUEBEC CITY, QUEBEC–(Marketwired – July 18, 2016) – Robex Resources Inc. (“Robex” and / or “the Company”) (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that they have successfully completed the installation and startup of the 750 kW permanent ball mill including the new separation circuit (cyclone tower) at the Nampala mine, in Mali.
The new grinding circuit was commissioned at the end of June 2016 in order to achieve several technical tests, electrical and mechanical. Since July 14, 2016, the mill is officially started and is in a period of commissioning. The commissioning of the gravimetric sectors, the extension of the water system as well as two additional CIL tanks is planned for the beginning of August.
The average target of production is of 3,000 tonnes per day until December 2016 inclusively. During the commissioning period, improvements will constantly be made to the system in order to gradually bring production to a target of 4,000 tonnes per day intended for January 1, 2017.
The switch from the small temporary 200 kW ball mill to the 750 kW new ball mill is complete and final. It took place under the supervision of the ore processing consulting firm Soutex as well as specialized consultants from the Rockwell firm and Coban firm.
Mr. Georges Cohen, president and CEO of the company said: “I am extremely happy for the company and all of their collaborators. The startup of the 750 kW ball mill will allow the Nampala mine to achieve the objectives of gold production that we had set at the start and enable the company to finally take off. ”
The Nampala mine made several gold sales from its tests in the 2nd quarter of 2016, particularly since the introduction of the new Zadra type elution system. A total of 93 kg (2981 ounces) of gold was sold during the quarter (April, May and June 2016).
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.