QUEBEC CITY, QUEBEC--(Marketwired - Aug 26, 2014) - Robex Resources Inc. ("Robex" and / or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) announces that the start of the Nampala mine in Mali is respecting the schedule established in the management's discussion and analysis report for the quarter ending June 30, 2014, despite the technical problems encountered in the commissioning of the elution circuit.
Robex's management recalls that the ore processing plant was commissioned on May 5 2014. Since the beginning of July 2014, the Nampala mine has reached a capacity of 2,500 tons (metric) per day. On August 5, 2014, Robex proceeded with the commissioning of the gold room. Currently, most of the components of the gold room are installed and operational, with the exception of the elution circuit. A first sequence of elution of "commissioning" was completed on August 14, 2014. This attempt did not prove to be conclusive. Problems related to the elution circuit generated a delay in the production of the "dorés".The team at the mine is putting in place, in conjunction with the component supplier, a contingency plan to rectify the situation. The correction of some technical parameters and more accurate calibration is expected to generate elution soon, we hope, successful.
Mr. Augustin Rousselet, Head of Finance and Operations of the company explains: "We are working night and day to complete the commissioning of the elution circuit. We had to correct some errors made during the assembly of the elution circuit and learn the intricacies of the elution system. Today we have a thorough understanding of the system. Our intention is to launch a new elution attempt this week and to make this component safe and functional as quickly as possible."
Analyses on the mine on a random batch of activated carbon samples indicate an average concentration of 1.8 kg of gold per ton (metric). The Robex team in Mali is working to increase and optimize the efficiency of the ore processing plant to reach a production capacity of 6,000 tons of ore per day. Achieving this goal will require investment in equipment and is subject to a fabrication and installation delay of a few months. The ore mining and processing plant operates 24 hours a day, 7 days a week with teams of workers, on rotating.
On July 1, 2014, the Company entered into a refining and gold sale agreement with a world class refiner and has secured all the logistics to export the "dorés" produced at the Nampala mine in Mali to the refinery in Switzerland.
About Robex Resources Inc.
ROBEX is a Canadian exploration and mine development company, whose shares trade in Canada on the TSX Venture Exchange (symbol: RBX) and in Germany at the Frankfurt Stock Exchange (Deutsche Borse AG, symbol: RB4). Robex currently holds eight exploration permits all located in Mali in West Africa. Mali is currently the third largest producer of gold in Africa.
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.
The TSX Venture Exchange or its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts no liability for the authenticity or accuracy of this release.
