Robex Gold


Primary ticker: TSXV:RBX
Stage of development: Development, Production
Primary minerals: Gold
Project to promote: Nampala in Mali and Kiniero in Guinea
Project location: Mali and Guinea

Corporate presentation: Click here

Corporate video: Click here

West africa gold producer since 2017 with a strong track record to deliver shareholder value. Recently merged with Sycamore mining who own the Kiniero district in Guinea. Kiniero is a past producing asset previously owned by SEMAFO with an M&I resource of 1.3 Moz and inferred of 1.4 Moz. The group will become a multi asset company producing +200kozpa by 2024

Cash: CAD$8M
Debt: CAD$8M

Major shareholders:
Fairchild (management) – 39%
Eglinton (Onex Holding) – 18%
Management Ownership – 43%

Management Profile

Alain William -CFO

Mr. William has been a Metals & Mining analyst for more than 25 years, in capital markets. During this time he has been involved in IPO (Glencore as lead analyst) and capital raising for major companies (ArcelorMittal and Rio Tinto).
He joined Robex in June 2022.
Mr. William began his career in Ixis Securities and ING Financial Markets. He spent 10 years at Société Générale and subsequently he worked as a capital goods analyst at Natixis from 2016 to 2018 and Metals & Mining analyst at Oddo from 2018 to 2022.
Mr. William holds a MSc in finance from Tours ESC and BSc in Economics and Finance from Paris I Sorbonne.

Stanislas Prunier, Corporate Development

Stanislas Prunier joined Robex Gold in June, previously Stanislas worked as an Associate within the Structured Finance Metals and Mining team at BNP Paribas in Paris. During his 5 years’ experience, Stanislas was involved in many transactions, covering acquisition and developments financing for the gold industry in West Africa. He graduated from Audencia Business School major in Corporate Finance.

What is your rationale for taking part 121 Mining Investment?

We are looking to meet institutional investors as well as retail. We do not have an equity raise coming but we will be raising construction debt financing before the end of the year which, depending of the lenders requirements might involve alternative funding of which equity might be an option.

What recent news would you like to highlight to investors attending?

April 2022: Announce of the merger with Sycamore owning the Kiniero gold project (past producing asset from SEMAFO)
May: Sabali South extension discovery
July: partnership with VIVO Energy for Mali and Guinea for the first solar plant in guinea
August: release of the PFS for the restart of the Kinero gold project with an NPV of USD199m and 1.3 Moz of M&I and 1.4 Moz of Inferred
November: Closing of the business combination with Sycamore. Plus promising greenflield exploration results at Mansounia Central
January 2023: SGA strike exploration

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Continue drilling activity at Kiniero, and start early preparatory work for final investment decision (FID) in Q1 2023 Closing of a bridge financing to start construction of the Kiniero Project

6 Months:
(i) Finalising the Kiniero Definitive Feasibility Study (DFS), and (ii) close the full financing package

12 Months:
(i) First gold poured at Kiniero in H1 2024, and (ii) graduate from the TSX-V to TSX

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Integrating the new company and the teams to quickly reach construction decision for the Kiniero project. We have been working for over 6 months as one company to compile all the technical reports into one. We have already hired very senior staff to increase the bandwidth and the skill set of the management team.

What do you think makes your company such a compelling investment?

We have the largest management detention in the mining industry and we have acquired a district scale asset in Guinea. We will aggressively progress the project with our cash flow and corporate debt to minimise shareholder dilution. Our ambition is to become a multi asset gold mining company with local content at the heart of our strategy. This business model allows us to develop overlooked assets and create returns for all stakeholders.

What are the top 3 key investor takeaways?

1) Producer and developer of overlooked gold assets in West Africa 2) Highest management detention with “skin in the game” 3) District scale asset in Guinea with a fast track to production