MININKO PERMIT
The Nampala gold deposit located on the Mininko permit (62 km2) is the most advanced project of all nine permits held by Robex. It is located between the Morila Mine, a deposit that has so far produced over 4 Moz of gold and still has a resource of 2.8 Moz, and the Syama mine, 6 Moz at an average grade of 3.0 g/t Au.
During 2007, the resource calculation completed by Australian mining consultant RSG (now Coffey Mining), outlined an inferred resource (NI 43-101 compliant) of 760,000 oz Au at a grade of 0,9 g/t Au (cut-off grade of 0,5 g/t Au) comprised in 28,872 million tonnes of ore rocks. Furthermore, deep drilling completed by Robex during the same year confirmed the down-dip extension and higher grade of the mineralized body. Additional resources could also be developed along strike and to the west. The area of the Nampala deposit and the Mininko permit offer multiple targets to increase the gold resources on the permit.
Currently (fall 2009), development proposed for the Nampala deposit includes the completion of a prefeasibility study on an eventual mining operation. This program also proposes to complete an additional 7,300 m of combined RC and core drilling to upgrade the inferred resources comprised in the saprolitic portion of the deposit (0 to 65 m) to indicated and measured categories. This would be followed by metallurgical testing of the ore to define the best and most economical gold beneficiation extractive technique. Based on the results of this program, an environmental impact study along with a bankable feasibility study would be completed.
