Robex Resources Inc. (“
Robex” or the
“
Company”) (TSXV: RBX) is pleased to announce the
hiring of new employees to bolster the technical skills to deliver
the Kiniero Gold Project and transform the Company to a multi asset
producer.
VP Operations
Daniel Marini has joined the Company on June 1,
2023 as Vice President Operations, overseeing the Nampala Mine
(Mali) and the operating readiness of the future Kiniero Mine
(Guinea). Daniel was most recently Director, General Manager and
Country Manager for Assala Energy where he actively contributed to
the operating growth and obtained ISO 14 001 and IFC
certifications.
Before joining Assala, he was General Manager of
Perkoa Zinc/Lead underground mine in Burkina Faso until September
2020 and VP General Manager of Tasiast in Mauritania where he led
the development plan and achieved (i) high standard safety results,
and (ii) ramp up in 2 months at 150% of nameplate capacity.
Before 2017, Daniel spent 25 years holding
various positions at Eramet from head of technical services, mine
manager, production manager to CEO of Grande Cote Operation (a
heavy minerals operation in Senegal with an operating complex from
mine, processing, railway and plant).
Daniel holds a master, Bachelor and PhD from
Paris VI University in Applied Geology.
Kiniero Gold Project
Director
Joe Bannister will be joining Robex on July 1st,
2023 as Kiniero Gold Project Director leading the project
execution. Joe is joining from Perseus Mining where he was
overseeing the development of sustaining capital projects at Yaouré
Mine in Cote d’Ivoire.
Prior to joining Perseus, Joe was Project
Director for Geopacific Resources and Sycamore Mining for the
previous project restart in 2021. Before 2021, Joe was Manager of
major projects for Teranga Gold Corp (acquired by Endeavour Mining
in 2021) where his role was to focus on the definition, planning,
and delivery of a US$ 300M Sabodala-Massawa expansion (brownfield
and greenfield development) as well as large scale social
relocation projects (US$ 50M).
Prior to joining Teranga, Joe spent 14 years as
Manager of major projects for Crystal Mining Australia. He was part
of the executive team responsible for steering the company and
reported directly to the Managing Director, and to boards
(Australian and International).
Joe holds a Bachelor, Graduate, MBA and
Executive leadership from University of Queensland. Joe is also a
graduate of the Australian Institute of Company Directors.
Head of people
Robex has hired a Head of people starting on
July 1, 2023, with more than 25 years of experience as an HR
director. He served for the last 8 years as a site-based HR
director in Africa on large mine sites (around 1,400 people). He
will oversee the ramp-up of the Kiniero Gold Project as well as the
group HR structure in Canada, UK, France and West Africa.
Exploration and production
geology
Luca Maggini will join the Company’s geology
team, on July 1, 2023, as exploration manager. Luca was most
recently exploration manager for Goldcorp Mining in Mali. Prior to
joining Goldcorp Mining, Luca was Project manager and senior
geologist at Endeavour Mining Corp with positions ranging from near
mine exploration to target generation and prioritisation.
Peter Taylor also joined Robex as a Production
Geologist on May 22, 2023. Peter has 10 years of experience and was
most recently lead reconciliation geologist at Nevada Gold Mines a
JV between Barrick Gold and Newmont. Previously Peter worked in
Mali and Zambia as mine geology specialist. Peter holds a BSc and
MSc in Mining geology from Camborne School of Mines, UK.
Non-executive board members
As described in the Company’s management
information circular dated May 30, 2023, two non-executive nominees
will be proposed for election as directors at the upcoming annual
and special meeting of shareholders of the Company scheduled to be
held on June 29, 2023. Management wishes to announce its support
for the election of (i) Mr. Gérard de Hert to help the Company
unlock the exploration potential of our properties and (ii) Thomas
Lagrée to strengthen the financial capabilities of the board of
directors of the Company (the “Board”) to help us
support our growth with financing and M&A. The Board believes
that the addition of these two nominees will enhance the overall
skill set of the Board given their relevant industry expertise.
Mr. Gérard de Hert is an experienced mining
executive with over 25 years in the industry. Beyond being a
seasoned geologist, Gerard has considerable experience spanning
from greenfield exploration to mining operations. Gérard is
transitioning from La Mancha Resource Capital to the full-time CEO
role of In2Metals Explorer, a new privately incorporated company
owned by the Sawiris Family. Gérard joined La Mancha in 2020 to
formalise and oversee technical due diligence processes and support
the portfolio company from a technical and geological expertise
standpoint. From 2012 to 2020 Gérard was Senior Vice President of
Exploration for Endeavour Mining where he contributed to the
transformation of the company from a junior single asset producer
to a multi-asset intermediate miner with 6 mines and 2 projects
through his involvement in exploration and support of M&A
processes. Prior to his time with Endeavour Mining, Gérard was
General Manager at Vale-ARM from 2010 to 2012, Chief Geologist at
Teal Mining from 2007 to 2009, Regional Exploration Geologist at
IAMGOLD Corporation in 2006 and Chief Mine Geologist at AngloGold
Ashanti from 2002 to 2006 at the Sadiola gold mine. Gérard began
his career at Randgold Resources Limited in 1997 where he worked on
the Morila gold mines and Syama gold mines.
Gérard holds an MSc in Geology from the
University of Louvain (Belgium) and an MSc in mineral exploration
from the University of Leicester (UK). He is fluent in French and
English.
Mr. Thomas Lagrée is a senior structured finance
specialist with deep knowledge of the Metals & Mining sector.
He has over 15 years of experience in a large international bank
where he structured and arranged tailor-made debt financing for
junior to mid-tier mining companies in Europe, Africa and the
Americas, with a focus of junior gold companies.
Mr. Lagrée graduated from the Ecole Nationale
des Ponts et Chaussées and holds a MSc in financial engineering
from Paris 1 Sorbonne. For further details on such nominees and the
election process please refer to the Company’s management
information circular dated May 30, 2023 filed on SEDAR at
www.sedar.ca.
Aurelien Bonneviot, CEO of Robex said:
“Following the management changes early in the year we are now
adding key skills to our team and the Board with the proposal of
two new executive directors for election at our upcoming annual and
special shareholders meeting. I am thrilled to have been able to
attract such high calibre individuals which speaks to the quality
of our project and our ambition to create a growing west African
gold mining company. These hirings are key to manage the execution
of the Kiniero Gold project and to make sure we operate at the
highest technical standards.”
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this press release.
About Robex Resources Inc.
Robex is a multi-jurisdictional West African
gold production and development company with near-term exploration
potential. The Company is dedicated to safe, diverse and
responsible operations in the countries in which it operates with a
goal to foster sustainable growth. The Company has been operating
the Nampala mine in Mali since 2017 and is advancing the Kiniero
Gold Project in Guinea.
Robex is supported by two strategic shareholders
and has the ambition to become one of the most important mid-tier
gold producers in West Africa.
More Information
ROBEX RESOURCES INC. |
FINANCIAL COMMUNICATIONS RENMARK INC. |
Aurélien Bonneviot, Chief Executive OfficerStanislas Prunier,
Investor Relations and Corporate Development+1 581 741-7421E-mail:
investor@robexgold.comwww.robexgold.com |
Robert ThaemlitzAccount Manager+1 416 644-2020 or +1 212
812-7680E-mail: rthaemlitz@renmarkfinancial.com
www.renmarkfinancial.com |
Forward-looking information and
forward-looking statements
This press release contains “forward-looking
information” or “forward-looking statements” within the meaning of
applicable Canadian securities legislation
(“forward-looking statements”). Forward-looking
statements are included to provide information about management’s
current expectations and plans that allows investors and others to
have a better understanding of the Company’s business plans and
financial performance and condition.
Statements made in this press release that
describe the Company’s or management’s estimates, expectations,
forecasts, objectives, predictions, projections of the future or
strategies may be “forward-looking statements”, and can be
identified by the use of the conditional or forward-looking
terminology such as “aim”, “anticipate”, “assume”, “believe”,
“can”, “contemplate”, “continue”, “could”, “estimate”, “expect”,
“forecast”, “future”, “guidance”, “guide”, “indication”, “intend”,
“intention”, “likely”, “may”, “might”, “objective”, “opportunity”,
“outlook”, “plan”, “potential”, “should”, “strategy”, “target”,
“will” or “would” or the negative thereof or other variations
thereon. Forward-looking statements also include any other
statements that do not refer to historical facts. Such statements
may include, but are not limited to, statements regarding the
Company’s ability to successfully advance the Kiniero Gold Project
and carry out the Kiniero Gold Project feasibility study; the
Company’s ability to enter into definitive agreements in respect of
the US$115 million project finance facility, including a US$15
million cost overrun facility (the “Facilities”)
on the terms set out in the non-binding term sheet and on
acceptable terms, if any; timing of the entering into of definitive
agreements in respect of the Facilities; and assuming definitive
agreements are entered into, the drawdown of the proceeds of the
Facilities, including the timing thereof; obtaining a receipt for
the final short-form base shelf prospectus.
Forward-looking statements and forward-looking
information are made based upon certain assumptions and other
important factors that, if untrue, could cause the actual results,
performance or achievements of the Company to be materially
different from future results, performance or achievements
expressed or implied by such statements or information. There can
be no assurance that such statements or information will prove to
be accurate. Such statements and information are based on numerous
assumptions, including the Company’s ability to enter into
definitive agreements in respect of the Facilities on the terms set
forth in the non-binding term sheet, and on acceptable terms, if
any, and to satisfy the conditions precedent to closing and
advances thereunder (including satisfaction of remaining customary
due diligence and other conditions and approvals); the assumption
that board approval for the Facilities will be obtained; the
Company’s ability to meet the timing objectives for definitive
agreements and first drawdown of funds; the ability to execute the
Company’s plans relating to the Kiniero Gold Project as may be set
out in the Kiniero Gold Project pre-feasibility study, including
the timing thereof; the Company’s ability to complete its planned
exploration and development programs; no adverse conditions at the
Kiniero Gold Project; no unforeseen operational delays; no material
delays in obtaining necessary permits; the price of gold remaining
at levels that render the Kiniero Gold Project profitable; the
Company’s ability to continue raising necessary capital to finance
its operations; and the ability to realize on the mineral resource
and mineral reserve estimates; and assumptions regarding present
and future business strategies, local and global geopolitical and
economic conditions and the environment in which the Company
operates and will operate in the future.
Certain important factors could cause the
Company’s actual results, performance or achievements to differ
materially from those in the forward-looking statements and
forward-looking information including, but not limited to:
financing costs or adverse changes to the terms of available
financing, if any, for the Kiniero Gold Project; the Company’s
ability to enter into definitive agreements for the Facilities on
acceptable terms, if any; the Company’s ability to satisfy the
conditions precedent to closing and advances thereunder (including
satisfaction of customary due diligence and other conditions and
approvals); failure or delays to receive necessary approvals or
otherwise satisfy the conditions to the completion of the
Facilities; the proceeds of the Kiniero Gold Project financing not
being available to the Company; fluctuations in gold and commodity
prices; risks related to the geopolitical situation in Mali and
related risks, including the risk of terrorism and armed banditry,
fraud and corruption, security threats and resource nationalism;
fluctuations in exchange and interest rates; the Company’s access
to debt financing; uncertainty of the Company’s mineral reserve and
mineral resource estimates; changes in the Company’s production and
cost estimates; hazards and risks normally associated with mineral
exploration and gold mining development and production operations;
risks related to the Company’s external contractors and suppliers;
the Company’s limited property portfolio; the depletion of the
Company’s mineral reserves; the Company’s access to an adequate
water supply for mining operations; the Company obtaining and
maintaining required licenses and permits from various governmental
authorities in order to operate; the Company obtaining and
maintaining title to its mineral projects and exploration rights;
competition with other mining companies; the Company’s ability to
find and retain qualified and key personnel; environmental risks
and hazards associated with operating a gold mine in Mali; the risk
that the Company may not be able to insure against all the
potential risks associated with its operations; risks related to
the Company’s relations with its employees, shareholders and other
stakeholders, including the local governments and communities
surrounding its mine in Mali; the Company’s reliance on information
technology systems; cybersecurity threats; the risk of any pending
or future litigation against the Company; and tax risks, including
changes in taxation laws or assessments on the Company.
Although the Company believes its expectations
are based upon reasonable assumptions and has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. These factors are not intended to represent a complete
and exhaustive list of the factors that could affect the Company;
however, they should be considered carefully. There can be no
assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information.
The Company undertakes no obligation to update
forward-looking information if circumstances or management’s
estimates, assumptions or opinions should change, except as
required by applicable law. The reader is cautioned not to place
undue reliance on forward-looking information. The forward-looking
information contained herein is presented for the purpose of
assisting investors in understanding the Company’s expected
financial and operational performance and results as at and for the
periods ended on the dates presented in the Company’s plans and
objectives, and may not be appropriate for other purposes.
Please refer to the “Risk Factors” section of
the Company’s annual information form for the year ended December
31, 2022, dated April 28, 2023, and to the “Risks and
Uncertainties” section of each of the Company’s management’s
discussion and analysis dated April 28, 2023 for the years ended
December 31, 2022 and December 31, 2021, and the Company’s
management’s discussion and analysis dated May 30, 2023 for the
three-month periods ended March 31, 2023 and March 31, 2022, all of
which are available electronically on SEDAR at www.sedar.com. All
forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
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