QUEBEC CITY, QUEBEC--(Marketwire - Nov. 16, 2011) - Robex Resources inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) announces that the French version of the complete feasibility study report is now available on SEDAR and on Robex web site. An English version will be available soon. This feasibility study, for which a summary of the results were published in the press release dated November 8, demonstrates the economic viability of an open pit mine, with pre-tax net present value (NPV) of $113.6 million, discounted at 5%, and an internal rate of return (IRR) of 46.45% at $1,250 gold price per ounce (base case).

It is important to note that although the feasibility study is based on an amount of gold ounces totalling 345,418, the most recent calculation of the resource, published in the press release dated September 20, 2011, shows that the Nampala deposit presently contains 713,065 ounces Measured Indicated and 815,872 ounces Inferred. This substantial increase in the resource, combined with the fact that a southern expansion of the deposit is possible, suggests even greater performance for the Nampala mining project.

Highlights of the feasibility study are as follows (all currency in US dollars):

  • At $1,250 gold price per ounce (base case), pre-tax net present value (NPV) of $113.6 million, discounted at 5%, and an internal rate of return (IRR) of 46.45% (100% equity basis) and a two (2) year payback period;

  • Using near-current spot price for gold of $1,600 per ounce, a pre-tax NPV of $207.6 million, at 5% discount rate, and IRR of 73.70%;

  • Initial eight-year mine life at a mill throughput of 5,200 tonnes per day utilizing conventional open-pit mining and a limited crushing-grinding with CIL recovery of gold; after eight (8) years, depending on market conditions, two (2) more years of processing low-grade stockpiled ore;

  • Production average of 39,327 ounces per year (recoverable gold) for the initial eight-year mine life;

  • At $1,250 gold price per ounce (base case), total estimated earnings before interest, taxes, depreciation and amortization (EBITDA) of $206.3 million;

  • Average cash operating cost of $585 per ounce for the initial eight-year mine life; ($640 average if low grade stockpile is processed in years 9 and 10);

  • Estimated low start-up capital of $52.9 million (excludes Owners Costs);

  • Average gold recovery rate of 88%;

  • Low strip ratio of 0.55:1;

  • Low rate of cyanide consumption;

  • Proven and probable open-pit reserves of 17.3 million tonnes at 0.70 grams per tonne gold for a total of 392,520 ounces of gold (345,418 ounces of recoverable gold at 88% average recovery rate);

  • Potential for future conversion of resources to reserves and further resource growth.

Robex owns 100% of the Nampala project, located on the Mininko permit in Mali. The feasibility study was prepared by a consortium of prominent internationally renowned mining industry consultants lead by the engineering consulting firm Bumigeme, assisted by engineering firm Met-Chem Canada (Met-Chem) and Mr. Jacques Marchand, independent engineer and qualified person (QP) for mineral resource estimation as defined by NI 43-101.

For more information about the Nampala deposit and to access the corporate presentation, please visit:

The resources information of this release as well as the results set out have been verified by Jacques Marchand, P.Eng. P.Geo, and an independent Qualified Person.

This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Robex Inc.'s ("Robex") control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Robex. The forward-looking information is based on the estimates and opinions of Robex's management at the time of the publication of the information and Robex does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Neither TSX Venture Exchange nor the regulatory service provider (as the term is defined in TSX Venture Exchange's policies) accepts any liability of any kind as to the authenticity or accuracy of this release.

Contact Information:

Investor relations:
Andre Gagne
President and Chief Executive Officer
Skype: andregagne11

Media contact:
Frederic Berard
Vice President HKDP Communications and Public Affairs
514 395-0375, extension 259