Robex Resources ( (TSE:RBX) ) has issued an update.
Robex Resources has announced an updated feasibility study for its Kiniero Gold Project, revealing a 46% increase in gold reserves to 1.41 million ounces and an 89% rise in post-tax NPV to US$322 million. The project aims to produce an average of 139,000 ounces of gold annually over a nine-year lifespan, with construction already underway and first gold expected by Q4 2025. The updated study shows improved economic metrics, and the company is pursuing further drilling to potentially increase resources and reserves, while also negotiating a debt facility expected to close in Q1 2025.
More about Robex Resources
Robex Resources Inc. is a mining company focused on gold production, primarily operating the Kiniero Gold Project in Conakry, Guinea. The company is engaged in the exploration and development of mineral resources to expand its gold reserves and enhance economic performance.
YTD Price Performance: -0.43%
Average Trading Volume: 39,749
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$304.6M
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