Kiniero Gold Project Development Update
Robex Resources Inc is making remarkable strides towards the first gold pour from the Kiniero Gold Project, targeting Q4 2025. The project is firmly on track as critical long lead items are successfully procured, laying a solid foundation for future operations.
Highlights and Key Developments
The project development update reveals that an experienced project team has been appointed to oversee advancements. Chief Development Officer Dimitrios Felekis, known for his extensive experience in managing gold project designs, leads this dynamic team.
Current engineering efforts focus on nearly doubling the plant's capacity to 6 million tonnes per annum (Mtpa), with Primero Engineering already 24% complete in their assigned tasks. Significant contracts are being awarded for various equipment, including an additional ball mill, and the SAG mill is anticipated to ship by Q1 2025.
Major Equipment Procurement
The procurement efforts include the establishment of a critical power station to support operations, awarded to Hyundai Heavy Industries. The delivery of this station is set to commence in May 2025. Additionally, the fleet for earthworks has arrived in Guinea, signaling robust progress on-site.
Robex is actively advancing the Mansounia drilling program, with over 32,000 meters of reverse circulation drilling completed, aimed at converting inferred resources to measured and indicated resources. The results from this extensive drilling campaign will feed into the ongoing updated feasibility study.
Geotechnical Studies and Feasibility Update
AMC Consultants are creating an updated resource model, integrating new drilling data, and will aid Robex in planning the Kiniero mining program. The updated feasibility study is slated for release in early 2025, which is anticipated to further solidify the project's economic viability.
Team Expansion and Expertise
Robex is bolstered by the additions of key team members, including Daniel Kotzee, who brings over 15 years of experience in gold project construction management, and Hesbon Okwayo, an expert in commercial management with substantial background in the West African mining sector. Their appointments demonstrate Robex's commitment to enhancing project execution through leadership and experience.
Upcoming Milestones and Strategic Plans
As Robex continues its commitment to bringing the Kiniero Gold Project to fruition, the team is preparing for several key upcoming milestones. This includes finalizing the financing of a $130 million debt package to support project development and ongoing negotiations to secure the remaining regulatory approvals.
Community and Environmental Considerations
Robex recognizes the importance of community relationships and environmental stewardship as the project progresses. The company has successfully negotiated mining and environmental permits, paving the way for sustainable practices in operations.
Looking Ahead to First Gold Production
The Kiniero Gold Project is positioned to become a leading gold producer in Guinea, with the owner's team fully engaged in engineering and constructing essential infrastructure. Robex is enthusiastically working towards achieving the goal of first gold production in Q4 2025, reaffirming its potential as one of the lowest cost gold-producing mines in the region.
Frequently Asked Questions
When is the first gold pour expected at the Kiniero Gold Project?
The first gold pour is anticipated in Q4 2025, as the project develops steadily towards this goal.
Who is leading the project development team at Robex?
Chief Development Officer Dimitrios Felekis is leading the project development team, with substantial experience in gold mining projects.
What is the planned capacity for the Kiniero gold plant?
The plant is being engineered to nearly double its capacity to 6 million tonnes per annum (Mtpa).
What is the status of the Mansounia drilling campaign?
The Mansounia drilling campaign has reached over 32,000 meters of reverse circulation drilling, aimed at optimizing resource estimates for the project.
What steps is Robex taking for community engagement?
Robex is actively negotiating and securing regulatory approvals and emphasizes sustainable practices to foster community relationships.
