Name of the Project
Kiniéro gold project.

Location
South-west Siguiri basin, Guinea.

Project Owner/s
West African gold producer Robex Resources Inc.

Project Description
An updated feasibility study, using a base case gold price of $1 800/oz, has demonstrated the project’s ability to produce an average of 139 000 oz/y of gold over a nine-year life-of-mine (LoM). Production over the LoM is estimated at 1.22-million ounces.

The feasibility study notes that the mine plan optimisation efforts prioritise a stable, long mine life, rather than peak upfront production.

Mining is expected to be undertaken by conventional owner-operated truck-and-excavator openpit mining in the SGA, Jean, SGD, Sabali South, Mansounia, and Sabali North and Central pits. Mining in upper oxide layers will be free-dig with drill-and-blast required in areas that mine through the transitional material into fresh rock.

Ore will be processed on site, at a centrally located five-million-tonne-a-year processing facility near the mining areas. The gold will be recovered in a beneficiation plant designed to process a blend of oxide, laterite, transition, and fresh ores from various ore deposits. 

The flowsheet includes two crushing circuits, semiautogenous ball grinding, and pebble crushing milling, dual carbon-in-leach circuits, split Anglo-American Research Laboratories elution, gold electrowinning, and carbon regeneration, which are well proven in the industry. Existing mining infrastructure will be refurbished, with minimal additional infrastructure required.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Using a base case gold price of $1 800/oz, the project has an after-tax net present value, at a 5% discount rate, of $322-million and an internal rate of return of 47%, with a payback of 2.1 years.

Capital Expenditure
Upfront capital is estimated at $243-million.

Planned Start/End Date
First gold was poured in December 2025 and the mine achieved commercial production in February 2026.

Latest Developments
The Kiniéro mine has made a strong start to production following commercial production in February, with output continuing to ramp up through the first quarter of 2026. Gold production for the three months ended March 31 totalled 39 367 oz, of which 38 178 oz was poured.

During the quarter ended March 31, the company provisionally sold 32 306 oz at an average realised gold price of $4 804/oz. After quarter-end, a further 3 288 oz was shipped on April 2, generating estimated proceeds of $15.2-million. 

Robex also reported cash and bullion holdings of $255-million at quarter-end, including poured, but unsold gold, valued at a spot price of $4 629/oz. 

Key Contracts, Suppliers and Consultants
Primero (redesign of processing plant).

Contact Details for Project Information
Robex Resources Inc, tel +224 623 985 486 or email info@robexgold.com.