Robex Resources Inc. Launches on ASX, Focuses on Kiniero Gold Project and Growth
- Robex Resources Inc. begins trading on ASX under ticker "RXR," raising A$120 million through a successful IPO.
- The funds will advance the Kiniero Gold Project in Guinea, projected to produce gold by Q4 2025.
- Robex's share price exceeds the IPO listing price, reflecting strong investor confidence in its growth potential.
Robex Resources Inc. Launches on ASX with Focus on Kiniero Gold Project
Robex Resources Inc., a notable player in the West African gold production sector, officially begins trading on the Australian Securities Exchange (ASX) under the ticker "RXR." The trading launch follows a successful Initial Public Offering (IPO) that raised A$120 million before costs, an achievement that underscores the company's growth potential in the gold mining industry. Robex's shares commence trading on June 5, 2025, at 11:00 AM AEST, where they are settled as CHESS Depositary Interests (CDIs), each equivalent to one fully paid common share. The IPO is fully underwritten by Euroz Hartleys Limited and Canaccord Genuity (Australia) Limited, reflecting strong investor confidence in Robex's operational strategy and future prospects.
The funds raised from the IPO are strategically earmarked for advancing the Kiniero Gold Project located in Guinea, which positions Robex to enhance its gold production capabilities significantly. This project is particularly promising, as it is projected to begin producing gold in the fourth quarter of 2025. The Kiniero project boasts an indicated mineral resource of 71.23 million tonnes at an average grade of 0.96 g/t Au, alongside a probable ore reserve of 45.5 million tonnes at 0.97 g/t Au, collectively amounting to roughly 1.41 million ounces of contained gold. By prioritizing this venture, Robex aims to bolster its market standing and operational output in a sector that has seen increasing demand for gold.
In addition to the Kiniero project, Robex maintains a solid foothold in the region through its Nampala Mine in Mali, which holds an estimated resource of 8.6 million tonnes at a grade of 0.94 g/t for approximately 261,000 ounces of gold. This dual-project approach not only diversifies Robex's assets but also stabilizes its revenue streams as it navigates the complexities of the gold market. Managing Director and CEO Matthew Wilcox expresses enthusiasm for the new chapter that listing on the ASX represents for the company. His leadership, combined with a board comprising industry veterans, positions Robex to capitalize on growth opportunities as it focuses on enhancing operational efficiency and expanding its resource base.
The initial trading day sees Robex’s share price close above the IPO listing price of A$3.11 per share, indicating positive investor sentiment and confidence in the company's future trajectory. With a robust project pipeline and a commitment to sustainable practices in gold mining, Robex Resources Inc. aims to solidify its reputation as a key player in West Africa's gold sector.
