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Robex expands gold production in Mali, acquires new permit

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(Kitco News) - Robex Resources (TSXV: RBX/FRA: RB4) announced Tuesday the opening of 4 new pits around the main pit at its Nampala gold mine in Mali.

Robex added that it also concluded a memorandum of understanding for the acquisition of the Gladié exploration permit, a property formerly owned by Gold Fields. The permit is contiguous with Mininko, Kamasso, Nampala and increases the company's land package to more than 200 km2.

The company said that ore extracted from this permit could be processed in the same plant. It complements the existing permits to provide the ideal coverage of the existing deposit in relation to the work carried out by the previous owners.

Robex added that following the prospecting campaign completed in late 2020, the company increased the indicated mineral resources of oxide to 473,000 oz, an increase of 9% compared to the last 43-101, with an effective date of July 31, 2020. Indicated mineral transition resources amounted to 190,000 oz, an increase of 17% in relation to the MRE published in October 2020.

CEO Benjamin Cohen commented, "We invested heavily last year and early in 2021. We are pleased with those extremely positive results with 4 new pits to begin operation in the near future and more than 10 years life of mine. We now have proof of Nampala's potential, and we will continue our efforts to grow our operations. With the acquisition of Gladié, we are increasing our prospective land package, which will allow us, we hope, to further improve the potential of the current deposit. At the same time, we are actively studying multiple possibilities for external growth in West Africa".

Robex Resources is a TSX-V listed Canadian mining company with exploration properties in Mali and an operating mine that produced 50,348 ounces of gold in 2020.

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