Robex Resources' (ASX:RXR) Kiniero gold project in Guinea is poised for a near-term production start and first gold pour this month, supported by a highly capable construction team, active open-pit mining, and advanced plant commissioning activities, according to a Monday note by Euroz Hartleys.

Recent drilling at the project exceeded conservative resource estimates, pointing to potential for higher processing rates, improved grades, and increased production, Euroz said.

Due to ore blending, the project could exceed targeted production, reaching more than 150,000 ounces per year in its first six years and around 140,000 ounces per year over a nine-year life of mine.

It maintained the company's speculative buy rating but raised its price target to AU$6.59 from AU$6.05.

Shares of the company fell 1% in recent Tuesday trade.