01:09 PM EDT, 10/08/2024 (MT Newswires) -- Robex Resources ( RSRBF ) was last seen up 7.5% after on Tuesday confirming the Kiniero Gold Project in Guinea is on track for first gold in the fourth quarter of next year, with an updated feasibility study for the project on track for early in 2025.

The company is negotiating the final regulatory step, the Kiniero Mining Convention, with the Guinean government. It has already secured all mining and environmental approvals for the current project layout.

Robex is in advanced negotiations with multiple financiers to procure up to US$130 million of debt financing, with due diligence to commence shortly.

As previously disclosed, Robex has settled with the Mali government to derisk its assets there. Robex is working with potential acquirers of all its assets in Mali.

Robex was last seen up $0.20, to $2.85 on the TSX Venture Exchange.

Price: 2.85, Change: +0.20, Percent Change: +7.55