Royalty Buybacks and Merger Risks Loom as Robex Advances Kiniéro Ramp-Up

Milestone Achievement at Kiniéro

Robex Resources Inc. has reached a significant milestone with the successful pouring of its first gold bar at the Kiniéro Gold Project in Guinea. The 2.64-kilogram gold bar was produced on schedule and within the project's budget, underscoring the company's operational discipline and execution capabilities. This achievement follows 17 months of construction and nearly five million hours worked without a lost time injury, highlighting a strong safety culture.

Operational Progress and Production Ramp-Up

The Kiniéro processing plant is ramping up smoothly, with commissioning activities proceeding as planned. Mechanical and electrical systems are performing to design specifications, and ore deliveries to the mill have commenced, achieving recoveries consistent with feasibility study assumptions. Open-pit mining at the South Sabali starter pit is intensifying, with ore stockpiles building steadily. Robex expects the plant to reach its nameplate capacity in early Q1 2026, transitioning Kiniéro into commercial production.

Strategic Royalty Buybacks Enhance Project Economics

In a strategic move to improve future project economics, Robex has secured exclusive options to buy back and fully extinguish the Mansounia and Oragem royalties. The Mansounia royalty currently ranges from 3% to 3.5% net smelter return (NSR) depending on production levels, while the Oragem royalty stands at 0.5% NSR. Robex has paid non-refundable option fees and, upon exercising these options, will pay a combination of cash and equity to eliminate these royalty burdens, subject to permit grants and other conditions.

Merger to Create a West African Gold Powerhouse

Robex is advancing a proposed merger with Predictive Discovery, which owns the nearby Bankan Gold Project in Guinea. This combination is set to create West Africa’s next tier-1 gold mining hub, with projected combined annual production exceeding 400,000 ounces by 2029 and combined mineral resources of approximately 9.5 million ounces. The merger aligns with Robex’s strategy to leverage its operational expertise and recent Guinea construction experience to accelerate Bankan’s development and expand its regional footprint.

Looking Ahead

Kiniéro now stands as Robex’s second producing asset alongside the Nampala project in Mali, which has guidance of 46,000 to 48,000 ounces per year. The company’s strong operational track record, combined with its strategic royalty buybacks and merger plans, positions Robex as a growing force in West Africa’s gold mining sector. Investors will be watching closely as ramp-up continues and the merger progresses toward completion.