Robex is a junior Canadian mining exploration & development company with five permits located in Mali, western Africa. Mali is currently Africa’s third most important gold producing country. Two of Robex’s permit are situated in southern Mali (Mininko and N’Golopene) while the three others are located in the western area of the country (Diangounte, Sanoula and Kolomba). Robex is presently working towards developing its permits which indicate favourable geology with ore potential.
The priority permits for Robex are Wili-Wili, Wili-Wili west, Diangounte, as well as Mininko. The latter is host to a resource of 713,065 ounces of Measured & Indicated and 815,870 ounces of Inferred at a cut-off of 0.30 g/t in accordance with the Canadian standard 43-101 (Complete report forthcoming-See press release). Robex has just completed the Nampala feasibility study which revealed a pre-tax net present value (NPV) of $113.6 million at $1,250 gold price per ounce and an internal rate of return (IRR) of 46.45%.