Robex Secures Future of Nampala Mine with Malian Government Agreement

Robex Resources Inc. (TSXV: RBX) has announced the successful closure of a convention with the Government of Mali, securing the future of its Nampala gold mine. The agreement, signed on September 12, 2024, and approved by the Council of Ministers on February 13, 2025, has significantly enhanced the stability and sustainability of Robex's operations in Mali.

The convention, compliant with the 2023 Mining Code, has allowed Robex to increase the Malian government's stake in the Nampala mine to 20%, aligning the company's interests with those of the state. This strategic move has not only resolved all tax and customs claims before 2024 but has also granted the government priority dividends. The agreement encompasses higher revenue-based taxes and royalties, albeit with specific exemptions, and ensures that the company will benefit from any future amendments to the 2023 Mining Code or Implementation Decree that are more favorable than the current terms.



The agreement also settles all income tax assessments, customs disputes, and other assessments currently outstanding for any period prior to December 31, 2023. As part of the agreement, Nampala SA will pay 10 billion CFA francs (approximately $22.3 million) from its cash flow and waive the refund of VAT credits for 5 billion CFA francs (approximately $11.2 million). This settlement has allowed Robex to anticipate a reversal of the provision recorded in its subsequent quarterly financial statements, which will include any impact on the VAT receivables.

The agreement with the Malian government has also secured the future of the Nampala mine by ensuring that Robex will provide the government with an operating plan to maintain jobs, make necessary investments to extend the mine's life, and adhere to the Local Content Act's requirements. This commitment to responsible and sustainable operations demonstrates Robex's dedication to fostering a cooperative environment with the Malian government.

The closure of the convention with the Malian government has allowed Robex to shift its focus to the Kiniero project in Guinea, where it expects to pour first gold in the fourth quarter of 2025. The company remains committed to its strategy of inclusive and sustainable growth, underpinned by prudent and balanced financial management. The successful resolution of the tax and customs claims, coupled with the increased government stake and collaboration, has provided Robex with greater certainty and stability in Mali, enabling the company to concentrate on its operations in Guinea.

In conclusion, the closure of the convention with the Malian government has secured the future of the Nampala mine, allowing Robex to focus on its operations in Guinea while maintaining a strong relationship with the Malian government. The agreement has not only resolved outstanding liabilities but has also provided the company with a stable and cooperative environment for its mining activities in Mali.