Robex Resources Eyes ASX Debut with $120M Raise to Accelerate Kiniero Gold Push

Key Highlights:

• Robex targets $120M IPO at A$3.11 per share on ASX, listing slated for June 6, 2025
• Kiniero Gold Project to produce 150koz/year, first pour expected December 2025
• 9-year LOM, 1.41Moz probable reserves, and post-tax NPV of US$647M
• Led by ex-Tietto CEO with proven mine-building success in West Africa

In a bold bid to become West Africa’s next mid-tier gold producer, Robex Resources Inc. (Proposed ASX Code: RXR) is set to list on the Australian Securities Exchange (ASX) on June 6, 2025 (Proposed Date). The company is aiming to raise A$120 million through an IPO priced at A$3.11 per share, positioning it with a pro forma market capitalisation of A$675 million.

Robex’s flagship Kiniero Gold Project in Guinea is the centrepiece of the IPO. Backed by a Probable Ore Reserve of 1.41Moz @ 0.97g/t, Kiniero is expected to produce over 150,000 ounces annually for the first six years, with a nine-year life-of-mine (LOM). The DFS projects a robust post-tax NPV of US$647 million and a post-tax IRR of 61% at consensus gold prices, and a competitive AISC of US$1,066/oz.

Strategic Timing and Leadership

The IPO comes amid surging interest in African gold projects, and Robex is well-timed to capitalise on this appetite. The company is led by Matthew Wilcox, former Tietto Minerals CEO, credited with delivering the Sanbrado and Abujar projects on time and under budget. Robex’s executive bench features a deep pipeline of West African mining veterans, further enhancing investor confidence.

Kiniero Construction in Full Swing

Construction at Kiniero is already advanced. The 5Mtpa CIL processing plant is well underway, with tank erection and concrete works progressing on schedule. The company expects first gold in December 2025, a critical milestone for validating its development strategy.

Notably, exploration upside remains considerable. The 470km² land package remains underexplored, with most drilling only reaching 150 metres. Updated MREs have already grown the indicated resource base by 23%, highlighting near-mine growth potential.

Use of Funds and Project Financing

IPO proceeds will fund:

• Mine development and construction at Kiniero (A$165M+)
• Pre-production costs (A$37M)
• Corporate and working capital (A$38M)
• This raise complements a US$130 million debt facility with Sprott, with a US$25 million drawdown already completed.

ASX Listing Strategy

Listing on the ASX is a strategic pivot aimed at tapping deeper pools of mining capital. The company has already secured strong institutional backing, with Eglinton Mining, Blackrock, and Merk Investments among its top shareholders.

With a tight timeline and a clear path to production, Robex is positioning itself as Australia’s next African gold success story—drawing comparisons to Perseus and Tietto before their major re-rates.

The information provided in this article has been sourced from Robex Resources Corporate Presentation (Dated: 17th April 2025). Link: https://robexgold.com/wp-content/uploads/2025/05/22.-Roger-Investor-Presentation.pdf 

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