Robex Resources Inc.

Robex Resources Inc. is a junior gold producer headquartered in Québec, Canada, operating primarily in Africa. The company's portfolio consists of 2 projects, comprising 1 operating mine and 1 development project, in addition to several early-stage exploration prospects. Key assets include Kiniero. The enterprise operates as an explorer, developer, and producer with a business model focused on acquiring and advancing projects that are relatively small compared to industry majors. Its operational approach involves conventional truck and shovel mining methods to process a range of ore types, including oxide, transition, and fresh rock materials. Processing capabilities are centered on a carbon-in-leach and gravity recovery circuit. A key structural element of its sales process involves transferring all doré bars to a dedicated trading house subsidiary, which then manages refining with an international partner and subsequent sales on the spot market. This structure is designed to optimize sales terms based on global market conditions. The company's business is managed across 3 reportable segments: mining operations, exploration and valuation, and corporate management, reflecting a structure that separates production from early-stage evaluation and corporate oversight. The nature of the business requires specialized skills in geology, metallurgical processing, and community and governmental relations, for which the entity competes with other mining companies.

The corporate vision is to become a lean, multi-mine producer. The primary strategy to achieve this involves maximizing shareholder value through the management of existing assets while actively pursuing opportunities for both strategic and organic growth. A key near-term priority is the advancement of a major development project, guided by a revised timeline that includes definition drilling to expand reserves, targeted infrastructure investments, and an updated feasibility study to incorporate increased production and a higher oxide mix. A formal construction decision for a revised plant layout is planned following the study's completion. To support these objectives and navigate market conditions, the organization has engaged external corporate advisory services to identify strategic transaction opportunities. The entity maintains a base shelf prospectus to potentially fund capital costs for project development or to pursue mergers and acquisitions as they arise, demonstrating a prepared approach to financing its growth initiatives.

Executive leadership was restructured in 2023, with the appointment of a new Chief Executive Officer, previously an investment manager at a mining-focused private equity fund, and a new Chief Operating Officer with prior general management experience at an international energy firm. The founding family transitioned from executive roles to director and advisory positions to ensure continuity. The 9-member board of directors provides oversight through 4 standing committees: Audit, Compensation, Environmental, Social and Governance (ESG), and Technical. The Audit Committee, comprising 3 directors, is responsible for monitoring financial reporting, auditor performance, and internal control systems. Governance is further defined by a formal charter for the Audit Committee, which mandates its role as an intermediary between the board, management, and external auditors. This structure ensures specialized oversight of key business areas, from technical and operational matters to financial integrity and sustainability commitments.

The organization's sustainability efforts are highlighted by the implementation of a hybrid solar power plant at its operating mine, a project designed to significantly reduce its carbon footprint and energy costs. This initiative, which required no capital injection from the company, was recognized with an industry award in the climate category. The model is set to be replicated at its development project, with a future hybrid plant expected to supply a substantial portion of power requirements. Social initiatives are centered on local recruitment and workforce development, with a high percentage of employees being nationals and a significant portion from host communities. A dedicated training center and a literacy program have been established to enhance professional qualifications. The company adheres to ISO 45001 and ISO 14001 standards and conducts its activities under a comprehensive corporate social responsibility policy that complements its environmental policy, emphasizing stakeholder engagement and responsible resource management.

In November 2022, the company completed a significant transaction by acquiring Sycamore Mining, which held exploitation licenses and exclusive rights to obtain full ownership of adjacent exploitation licenses. The business is conducted through a network of subsidiaries, with distinct entities for operations in different jurisdictions. Government participation is a key structural component; one operating subsidiary is subject to a potential 10% free-carried government interest with an option for an additional 10% purchase at market value. Another license-holding subsidiary is subject to an automatic 15% government ownership interest upon grant of a mining license, which cannot be diluted, plus a government right to acquire a supplementary cash interest. A technical partnership agreement was established with Penta Goldfields, granting the company rights to acquire exploitation permits upon meeting certain conditions. Sales are managed through a distinct subsidiary, African Peak Trading House Limited, which is legally controlled by the Golden International Income Trust, of which the company is the sole beneficiary.