Quebec City, Quebec, April 30th, 2024 – Robex Resources Inc. (“Robex” or the “Company“) (TSXV: RBX) today reported its operational and financial results for 2023.

Aurélien Bonneviot, Chief Executive Officer, commented: “Nampala ended 2023 with a strong performance that contributed to achieving the top-end of annual production guidance. We have managed to reduce the all-in sustaining cost[1] by 12% in an inflationary environment, through operations optimization programs, and all this, without any work accidents.

The year 2023 was also transformative for Robex, with the strengthening of governance and the deployment of construction teams on the Kiniero site. The US$ 35m bridge loan has enabled the development of Kiniero, while unlocking the geological potential through exploration.

I would like to thank our teams for their contributions over the past few months. We are focused on Nampala’s operations and the development of Kiniero in 2024?.

CURRENCY

Unless otherwise indicated, all references to “$” in this news release are to Canadian dollars. References to “US$” in this news release are to U.S. dollars.

HIGHLIGHTS

Safety of operations: Nampala accumulated 3.6 million hours worked without injury with lost time work, peaking at 4.0 million hours within the Group (the “Group” refers to the Company collectively with one, several or all of its subsidiaries);
Ore mined increased slightly compared to 2022 (+2% to 2,260t), and the operating stripping ratio improved from 4.1 to 3.0 in 2023;
Ore processed increased by 9.8% to 2,225t, while treated ore grade and ore recoveries amounted at 0.81g/t and 89.5%, respectively;
Gold production reached 51,827 ounces, at the high end of annual guidance, at an all-In Sustaining Cost (“AISC”) per ounce of gold sold1 of $1,285, down 12% from 2022;
Operating income stood at $15,250,997 in 2023, an decrease of 76% compared to 2022, due to the impairment of Nampala as at December 31, 2023;
Operating cash flow is positive at $53,266,557, up 79% compared to 2022, and;
Cash and net debt1 stood at $12,221,978 and $46,628,545 respectively at the end of 2023.

OPERATIONAL AND FINANCIAL SUMMARY
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https://robexgold.com/robex-reports-2023-financial-results/