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.
Robex's priority project is to start the operations of the Nampala mine where a proven reserve of 17.4 million tons grading 0.70 g/t Au representing a total of 390,000 ounces. This reserve is located entirely within the saprolite. The mineralized zone remains open to the south and the mineralization is recognized in the saprolite to a depth of 400m.
The Feasability study (43-101 Complete report forthcoming-See press release) on Nampala revealed a pre-tax net present value (NPV) of CAD $113.6 million at CAD $1,250 gold price per ounce and an internal rate of return (IRR) of 46.45%. Gold since January 2015 is trading at more than CAD $ 1,400 per ounce.