Robex Resources commences ASX trading following A$120M IPO

In This Article:

Robex Resources Inc.
Robex Resources Inc.

Highlights:

  • Robex Resources Inc. (ASX:RXR) commenced trading on the Australian Securities Exchange (ASX) at 11am AEST today after completing an Initial Public Offer (IPO) which raised A$120M before costs.

  • Robex is a West African gold producer and developer also listed on the TSX Venture Exchange (TSX-V) in Canada.

  • It is developing the 3.7Moz Kiniero Gold Project in Guinea, West Africa and is on track to commence first gold pour in Q4 20251.

  • Robex Board includes Managing Director Matthew Wilcox and Non-Executive Chairman Jim Askew.

QUEBEC CITY, June 05, 2025 (GLOBE NEWSWIRE) -- West African gold producer and developer Robex Resources Inc (“Robex” or the “Company”) (ASX: RXR | TSX-V: RBX) is pleased to announce it commenced trading on the Australian Securities Exchange (ASX) today at 11:00am AEST following an Initial Public Offer which raised A$120 million (before costs). Shares of the Company trade on ASX under the ticker “RXR” and will be settled in the form of CHESS Depositary Interests (CDIs). Each CDI will be equivalent to one fully paid common share of the Company.

Robex’s IPO was fully underwritten by joint lead managers Euroz Hartleys Limited and Canaccord Genuity (Australia) Limited, with SCP Resource Finance LP as Co-Lead Manager and Blackwood Capital Pty Ltd as Co-Manager.

Robex’s Managing Director and CEO Matthew Wilcox said: “This is an exciting milestone for our Company as we commence trading on the ASX, a goal we have worked towards for some time, to become dual listed on the ASX and TSX-V exchanges. Proceeds from our IPO will be used to finalise construction of our Kiniero Gold Project in Guinea, which is on track for first gold in Q4 this year. We look forward to achieving our goals which will deliver significant value to our Shareholders, as we become the next mid-tier gold producer in West Africa and build a longer-term gold project at Kiniero.”

About Robex Resources Inc

Robex is a multi-jurisdictional West African gold production and development company with considerable exploration potential. The Company is dedicated to safe, diverse and responsible operations in the countries in which it operates with a goal to foster sustainable growth.

Robex is advancing construction of the Kiniero Gold Project, which, as at 30 November 2024, has a JORC Code (2012) compliant Indicated Mineral Resource estimate of 71.23 Mt at 0.96 g/t Au and an Inferred Mineral Resource of 45.29 Mt at 1.05 g/t Au for 3.73 Moz of contained gold and a Probable Ore Reserve estimate of 45.5 Mt at 0.97 g/t for approximately 1.41 Moz of contained gold.