Commissioning commences as Kiniero tracks towards Q4 first gold

On November 17, 2025, Robex Resources announced that commissioning activities have commenced at its flagship Kiniéro Gold Project in Guinea. The company reiterated that the project remains on schedule and on budget, tracking towards its first gold pour in the fourth quarter of calendar year 2025.

Key milestones achieved include: - The full commissioning and operations team has been mobilized to the site. - The first ore has been delivered to the Run-of-Mine (ROM) pad. - Mobilization of the mining contractor's fleet is nearing completion. - Grade control drilling over the Sabali pit is complete. - The power station installation and testing are finished, and the Tailings Storage Facility (TSF) is nearing completion. - Electrical and pre-commissioning of the process plant are progressing, with several key components like the HV Switchgear and CIL motor control centre energized.

The Managing Director and CEO, Matthew Wilcox, stated, "Robex is fully funded and is on budget for Kiniéro’s build completion."

The news is Material - Positive. While the company has consistently guided for a Q4 2025 first gold pour, the official commencement of commissioning is a major de-risking milestone. It moves the project from the high-risk construction phase into the final stage before revenue generation.

Key positive impacts include: - Execution Confirmation: It demonstrates management's ability to deliver a major project on a stated schedule and budget, a critical factor given that cost overruns and delays are common in the mining industry. This builds significant credibility. - Financial De-risking: The CEO's statement that the project is "fully funded and on budget" is extremely important. Supported by successful equity raises, a large debt facility, and significant warrant proceeds throughout 2025, this provides a high degree of confidence that no further dilutive financing will be required to complete the build. - Catalyst for Merger: With the shareholder vote for the merger with Predictive Discovery scheduled for December 15, 2025, this news provides strong evidence that Robex is delivering its end of the bargain. A near-production Kiniero provides the cash flow engine to de-risk the development of Predictive's larger Bankan Project, which is the core rationale for the merger.

The announcement shifts the market's perception of Robex from a developer to an emerging producer. It confirms that the most significant capital expenditures are complete and the project is tangible, setting the stage for significant cash flow in early 2026.

Robex Resources Inc. is a West African gold company with a producing asset, the Nampala Mine in Mali, and a major development project, the Kiniéro Gold Project in Guinea. The company's strategy has been to use cash flow from Nampala to fund the development of the much larger Kiniéro project.

The flagship Kiniéro Gold Project is now in the commissioning phase. An updated Feasibility Study from January 2025 outlined a 9-year mine life with average annual production of 139,000 ounces of gold at an All-In Sustaining Cost (AISC) of US$1,066/oz. The project has a post-tax NPV5% of US$322 million using an $1800/oz gold price. The company is on track for its first gold pour in Q4 2025.

Robex is also advancing a "merger of equals" with Predictive Discovery Limited, which will combine Kiniero with Predictive's nearby and very large Bankan Gold Project, creating a multi-asset, Guinea-focused gold company with a pipeline for significant production growth.