Robex Resources
Financials:
Primary ticker: TSXV:RBX
Stage of development: Development, Production
Primary mineral: Gold
Projects to promote: Nampala in Mali, Kiniero in Guinea
Project locations: Mali, Guinea
Website: www.robexgold.com
Robex is a multi-jurisdictional West African gold production and development company with near-term exploration potential. The Company has been operating the Nampala mine in Mali since 2017 and is advancing the Kiniero Gold Project in Guinea. Kiniero is a past producing asset previously owned by SEMAFO with Reserves of c. 1.0Moz and M&I&I of 2.5Moz. The group will become a multi asset company producing +200kozpa by 2025.
The Company is dedicated to safe, diverse and responsible operations in the countries in which it operates with a goal to foster sustainable growth.
Cash: CAD$13M
Debt: CAD$39M
Major shareholders:
Fairchild (management) – 39%
Eglinton (Onex Holding) – 18%
Management Ownership – 43%
Map of Projects
Management Profile
Aurélien Bonneviot – CEO
Aurélien Bonneviot is the Robex’s CEO since April 2023. He has more than a decade of experience in capital markets and was most recently Senior Investment Manager at Greenstone Resources, a private equity fund specializing in the mining sector. Aurélien Bonneviot started as a sell-side mining analyst at Société Générale and Oddo-BHF and subsequently moved to the buy side as commodities analyst and portfolio manager at SMA Gestion. In 2014, Aurélien Bonneviot joined Louis Dreyfus Metals (now IXM) as a Business Development Manager until its acquisition by China Molybdenum in 2018.
Stanislas Prunier – VP Corporate Development and Financing
Stanislas Prunier is VP Corporate Development and Financing at Robex. Previously Stanislas worked as an Associate within the Structured Finance Metals and Mining team at BNP Paribas in Paris. During his half-decade years’ experience, Stanislas was involved in many transactions, covering acquisition and developments financing for the gold industry in West Africa. He graduated from Audencia Business School major in Corporate Finance.
What is your rationale for taking part in 121 Mining Investment?
We are looking to meet institutional investors as well as retail in view of the upcoming equity raise and build long term relationship
What recent news would you like to highlight to investors attending?
September 2023: the Company reinforced the executive and board members over the last 12 months
June 2023: Robex announces Feasibility Results for the Kiniero Gold Project (NPV55% at US$ 170m and IRR of 31%), significantly improving from the PFS
April 2023: Closing of the US$ 35m Bridge Facility with Taurus to continue development of the Kiniero Gold project
March 2023: Robex reinforces its exploration program
January 2023: Robex signs a Mandate Letter with Taurus to partially fund the Kiniero Gold project with a US$ 35m Bridge Facility and US$ 100m Term Loan financing
January 2023: SGA strike exploration
November 2022: Closing of the business combination with Sycamore
November: Kiniero Gold district Mansounia central exploration results including 32m@1.32 g/t from surface & 51m@2.64 g/t from 3m
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Continue development and construction at Kiniero with the proceeds of the Bridge
Prepare equity raise and project financing documentation
Continue drilling activity at Kiniero
6 Months:
Equity raised
Closing of the Project Finance facility
12 Months:
Pursue development of the Kiniero mine
Migrate from TSX-V to TSX
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