Mining commences at Kiniero as project tracks towards first gold in Q4 CY2025

Executive Summary

• Robex Resources reports that the Kiniero Gold Project remains on schedule and within budget, targeting its first gold pour in Q4 CY25.
• Mining operations have commenced, with over 82,000 t of material mined (including 20,600 t of ore) and ore already stockpiled at the Run‑of‑Mine pad.
• Major construction milestones are near completion: SAG mill floated, Ball Mill assembly almost finished, Tailings Storage Facility embankment 76 % complete, power station 45 % electrically complete, and structural steel erection at ~50 %.

Key Details

• Project Schedule & Budget – On‑track for first gold pour in Q4 CY25; no cost overruns reported.
• Safety – Project remains Lost‑Time‑Injury (LTI) free with 4,857,704 hours worked to 30 Sep 2025.
• Mining Activity – Day & night shift mining started; 82,590 t material mined (20,625 t ore); additional 10,000 t historic ore rehandled to ROM pad.
• Drilling – Grade‑control drilling completed: 66,105 m at Sabali South, 16,070 m at Sabali North, 61,506 m at Mansounia; results align with Mineral Reserve model.
• Process Plant Progress
• Concrete works finished; all structural steel, platework, piping and electrical material on site.
• SAG mill floated; ring gear installed, next steps – gear alignment, pinion & drivetrain installation.
• Ball Mill assembly near completion; ring‑gear to be installed next week.
• Primary crusher and reclaim structures advanced; conveyor steelwork pre‑assembled/erected.
• Leaching Circuit – Inter‑tank screens installed; 5 of 6 agitators on Train A in place; cable & piping installation to start shortly.
• Power Station – 45 % electrically complete; ~30,000 m of cables installed; low‑voltage MCCs received and positioned; four 4 MW diesel engines delivered, base frames prepared, commissioning slated for mid‑Nov.
• Tailings Storage Facility (TSF) – Eastern embankment 76 % complete with 529,195 m³ fill placed; liner installation added 78,650 m² in the past week.
• Overland Pipelines – >15 km of welded tailings and freshwater pipelines installed.
• Structural, Mechanical & Piping (SMP) Works – ~50 % of structural steel erected/pre‑assembled; major components of process plant nearing commissioning.
• Next Steps (Nov 2025 onward)
• Complete SMP works, mill installation, electrical/instrumentation energisation for November commissioning.
• Install and run four diesel engines by mid‑Nov.
• Finish TSF earthworks & liner; mobilise operations‑readiness and commissioning teams; recruit/train operators.
• Ramp up mining to increase ore feed to ROM pad; continue grade‑control drilling.

Notable Quotes

• Matthew Wilcox, Managing Director & CEO: “We are getting to the tail end of construction at Kiniéro as we look towards first gold by the end of CY2025… I am really proud of what we have achieved to date … and what is ahead for Robex in the next few months as we achieve first gold and ramp up to full production.”

Materiality Assessment: Material – Positive (the update provides substantive, forward‑looking information on a key development project that directly impacts future production and cash flow.)