QUEBEC CITY, QUEBEC–(Marketwired – Oct. 30, 2015) – At the request of IIROC, Robex Resources Inc. (“Robex” and / or “the Company”) (TSX VENTURE:RBX)(FRANKFURT:RB4) wishes to clarify certain disclosure in the Company’s October 27, 2015 news release and add that a qualified person under NI 43-101, Antoine Berton, Eng., Ph.D. reviewed and approved the technical information found in this press release.
The press release should have been issued October 27, 2015 is the following:
The Nampala mine will increase its production to a target of 1,000 tonnes per day on December 4th, 2015
As mentioned on September 11, the Nampala mine is currently in operation. A small ball mill is used to process the coarse ore that had accumulated in 2014. The mill currently operates 24h / 24h, apart from technical shutdowns and maintenance. Its production is the subject of regular and significant progress.
“The first conclusions of the current operations show that gold is fixing well onto the carbon, which therefore means that the metallurgical process is working well. In addition, the gold grades show a concentration in the coarse ore slightly above the expected amount. The conclusions that explain this higher level can only be explained after having treated a larger volume of ore.” Elements seen and approved by the independent Qualified Person under NI 43-101, Antoine Berton, Eng., Ph.D., who is actually present on the Nampala mine, in Mali.
Currently, the teams on site are working hard to optimize this phase by:
- improving the facilities to avoid blockages in the mine which are due to the rainy season, which makes treating the ore difficult; Fortunately the rainy season is currently ending;
- improving, on a regular basis the treatment process (pipes, pumps, mill) in order to remove successive blockages that appear as the flow increases;
- improving operations in order to maximize the daily availability rate (decrease the stop time of the ball mill);
- improving the metallurgical analysis and as a result mastering the operating parameters;
- improving operating procedures and finally;
- continuously forming on site teams.
Phase at 1,000 tonnes per day
The production will increase to a target of 1,000 tonnes per day (tpd) in early December 2015. It is at that time that the scrubber will be in operation, two additional CIL tanks will be operational and the expansion of the power station will be completed. The mine will reach a rate of 1,000 tpd, which will allow the company to balance the flow of treasuries (cash flow).
Phase at 4,000 tonnes per day
The final ball mill and all the heavy equipment has arrived on site. The construction phase of the concrete structures is completed and that of the steel structures is in progress. The installation of the equipment is in progress. The firm responsible for the overall construction indicates the starting date of the final ball mill, the two additional CIL tanks (to bring the total to six) and cyclone tower, at the end of first quarter 2016 (March 2016).
The Soutex firm accompanying the company in all levels of the conception and operations will intervene at the mine in November to analyze the process and improve the mines operations in a metallurgical standpoint.
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.
Office: (581) 741-7421