Robex Faces Operational and Geopolitical Risks as Kiniero Targets Q4 2025 Gold
Robex Resources confirms steady progress on its Kiniero Gold Project in Guinea, maintaining schedule and budget for first gold production in late 2025.
- Kiniero project construction on schedule and within budget
- First gold pour targeted for Q4 2025
- Grade control drilling progressing at Mansounia pit, Sabali pit drilling to start
- Major contracts for mining and equipment awarded or pending
- A$120 million raised in recent IPO to support development
Steady Progress at Kiniero
Robex Resources Inc. has provided a comprehensive update on the construction of its Kiniero Gold Project in Guinea, West Africa, reaffirming its commitment to deliver first gold production by the fourth quarter of 2025. The company reports that construction activities remain on schedule and within budget, a notable achievement given the complexities of developing a large-scale mining operation in a challenging environment.
Key milestones include the near completion of concrete works for the process plant, with approximately 95% done, and ongoing structural steel erection, which is ahead of schedule. The tailings storage facility is also advancing well, with 78% of the phase 1A lining completed, ensuring critical environmental safeguards are in place.
Drilling and Mining Preparations
Grade control drilling at the Mansounia pit has been substantial, with over 55,000 meters drilled and more than 61,000 samples collected. This drilling is essential for refining mine plans and optimizing ore extraction. Drilling at the Sabali pit is set to commence shortly, marking the next phase of resource delineation.
Robex is also finalizing contracts for mining, drill and blast services, and ore haulage, with mobilization already underway. These operational steps are critical to transitioning from construction to production phases smoothly.
Financial Backing and Strategic Outlook
The company recently completed an initial public offering, raising A$120 million, which bolsters its financial position to fund ongoing development. Managing Director Matthew Wilcox emphasized the company’s focus on delivering shareholder value through Kiniero and its other project, Nampala.
Despite the positive momentum, Robex acknowledges the inherent risks typical of mining ventures, including geopolitical uncertainties in West Africa, commodity price fluctuations, and operational challenges. The company’s forward-looking statements highlight these factors while expressing confidence in meeting its production targets.
Overall, Robex’s update paints a picture of a project advancing methodically and safely, with key infrastructure and equipment arriving on site and installation activities ramping up. The coming months will be pivotal as the company moves closer to commissioning and first gold pour.
Bottom Line?
Robex’s Kiniero project is on a promising trajectory, but upcoming operational and geopolitical challenges will test its delivery resolve.
Questions in the middle?
- Will Robex maintain its schedule amid regional geopolitical risks?
- How will gold price volatility impact Kiniero’s profitability upon production?
- What are the detailed plans for transitioning from construction to full-scale mining operations?