QUEBEC CITY, QUEBEC–(Marketwired – May 24, 2016) – The Nampala mine (Robex Resources Inc. (“Robex” and / or “the Company”) (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that they recently completed with success the installation of the new Zadra type elution system. The commissioning has been carried out under the supervision of Soutex, an ore processing consulting firm. The system is already operational although some annexes will be integrated in the coming weeks (acid wash, coal regeneration). Although in commissioning, the system can currently treat the gold that has been accumulated in the carbon over the past months.
Two elution cycles have been carried out on the carbon that is very rich in gold and an estimated amount of over 25 kg of gold has been extracted. By the end of the month, the goal is to achieve three additional elution’s and thus exceed 50 kg of extracted gold during the month of May, confirming the capability of the new system to effectively recover gold from carbon.
In addition, the company began the commissioning of the extension of the power plant, which should be fully operational by the end of May. The eight generators are already operational.
Due to startup of the power plant, the production of the concentrator was delayed between April 10th and April 20th. Production resumed with an average of 1,500 tonnes of ore per day as of April 21, far better than the target initially planned. The mine was in pre-production for 20 days in April and treated close to 30,000 tonnes of processed ore. The recovery rate was consistent with the objectives of the startup phase. Soutex confirms that according to the data from the mine scales and the data analysis from SGS Bamako, a total of approximately 600 ounces of gold was extracted from the ore by the cyanidation process during the month of April.
The company expects the commissioning of the 750 kW ball mill during the first half of the month of June. The ball mill and all the equipment attached to it will allow the Nampala mine to ultimately achieve a capacity of 4,000 tonnes per day.
During the commissioning phase and increasing production rates (“ramp-up”), the objective is to hold an average production rate of 3,000 t / d (until December 2016). The combination of low content laterite in the early life of the mine and the rich coarse ore content stored after the operation of the small ball mill since September 2015 should allow the Nampala mine to produce a monthly average of 2,000 ounces of gold for the last six months of 2016. In 2017, this monthly goal will increase to almost 3,000 oz.
The scientific and technical disclosure of this press release have been prepared and approved by Antoine Berton, Ph.D., P.Eng. Metallurgist, certified NI 43-101.
The company invites you to visit their website at www.robexgold.com to see new pictures and videos of the Nampala mine.
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.
