Robex Resources Inc.: Progress Report on the Nampala Project
QUEBEC CITY, QUEBEC -- (Marketwire) -- 05/16/12 -- Robex Resources Inc. (TSX VENTURE: RBX)(FRANKFURT: RB4) is pleased to confirm that construction work at the Nampala mine is progressing well and that a number of key steps have been completed in recent months.
Bumigeme Inc., which has been entrusted with the detailed engineering of the plant, has finished its flow sheet. The company is also advancing in its preparation of the equipment list and the process and instrumentation diagram (P&ID), which to date are 50% completed.
CAG, a company based in Burkina Faso with operations in West Africa, has finished the detailed engineering of the auxiliary buildings, which include the garages, site office, warehouses, administrative offices, and others. CAG will also be responsible for the design of the tailings pond embankments based on the "spigotting" deposit method, which will enable Robex to amortize construction costs over a five to six year period. Actengineering had previously completed the soil analysis as well as the topographical surveys of the tailings pond.
In addition, with the administrative structure and purchasing processes now well underway, Robex can issue calls for tenders for various project components, such as the preparation of the site, civil engineering, and construction of the garage and tailings pond.
Also underway is the design of the laboratories that will be used for chemical analyses and metallurgical testing (gravimetric and cyanidation tests; sieve and viscosity analyses). The start-up of the chemical analysis laboratory will greatly accelerate delivery of the results of samples obtained as part of the exploration process.
"Nampala is one of the first projects I have worked on in my career where we have had an opportunity to optimize the engineering phase and select the best possible equipment prior to construction beginning," stated Regis Desbiens, Vice-President of Mining. "The fact of having completed the planning and detailed engineering beforehand will allow us to shorten the construction phase and reduce costs."
"This exhaustive planning effort will enable Robex, once the financing has been finalized, to accelerate the construction phase and deliver the plant in the second half of 2013 as planned," affirmed Andre Gagne, President and Chief Executive Officer.
This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Robex Inc.'s ("Robex") control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Robex. The forward-looking information is based on the estimates and opinions of Robex's management at the time of the publication of the information and Robex does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.
Neither TSX Venture Exchange nor the regulatory service provider (as the term is defined in TSX Venture Exchange's policies) accepts any liability of any kind as to the authenticity or accuracy of this release.
Contacts:
Investor relations
Andre Gagne
President and CEO
418-527-5023
a.gagne@robexgold.com
Skype: andregagne11
Media relations:
Sarah Moreau
Consultant H+K Strategies
514 395-0375, extension 234