QUEBEC CITY, Oct. 16, 2019 (GLOBE NEWSWIRE) — Robex Resources Inc. (“Robex” and/or “the Company”) (TSXV: RBX / FWB: RB4) is pleased to disclose the following information:
Launch of the Mineral Sizer:A mineral sizer (mineral crusher calibration), currently in a commissioning phase, has been added to the plant’s ore feed. This crusher will allow the Nampala mine to meet several objectives:The crusher will make it possible to limit the passage of large rocks within the current grinding circuit. It will prevent stoppages due to the chute being blocked, which is a significant part of the unplanned stoppages currently happening at the plant. This will increase the plant’s availability as well as its performance.The crusher will also allow large pieces of quartz, generally richer in content, to pass through, which will contribute to improving the average grade of the ore processed at the plant.The crusher will also provide a better understanding of the behaviour of rocks in the current process, allowing for the opportunity to treat all or part of the so-called transition ore that is currently not part of the reserves. This approach will test the possibility of being able to exploit them with the current process.Renewal of the MININKO permitThe MININKO permit has recently been renewed. It is a strategic permit for the future of the Company. This renewal follows two other renewals (Sanoula and Diagounté) announced on September 13, 2019.In addition, and for the record:All of this will represent significant investments before reaching a situation where reserves are exploitable as well as a “43-101”; these investments will be made over time and for years to come.Robex’s management team welcomes this great news that rewards years of hard work. It is a testament to the trust granted to Robex by Malian authorities.For information:Robex Resources Inc.
Benjamin Cohen, CEO
Augustin Rousselet, CFO/COO
Head office: (581) 741-7421
info@robexgold.comThis news release contains statements that may be considered “forecast information” or “forecast statements” in terms of security rights. These forecasts are subject to uncertainties and risks, some of which are beyond the control of Robex. Achievements and final results may differ significantly from forecasts made implicitly or explicitly. These differences can be attributed to many factors, including market volatility, the impact of the exchange rate and interest rate fluctuations, mispricing, the environment (hardening of regulations), unforeseen geological situations, unfavourable operating conditions, political risks inherent in mining in developing countries, changes in government policies or regulations (laws and policies), an inability to obtain necessary permits and approvals from government agencies, or any other risk associated with mining and development. There can be no assurance that the circumstances set out in these forecasts will occur, or even benefit Robex, if any. The forecasts are based on the estimates and opinions of the Robex management team at the time of publication. Robex makes no commitment to make any updates or changes to these publicly available forecasts based on new information or events, or for any other reason, except as required by applicable security laws. The TSX Venture Exchange or the Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) assumes no responsibility for the authenticity or accuracy of this news release.
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