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robust resources ltd (ROL) Snapshot

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11/11/13 - A$0.46
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09/13/13 - A$0.20
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robust resources ltd (ROL) Details

Robust Resources Limited is engaged in the evaluation and exploration of precious and base metal mineral deposits in Australia, Indonesia, and the Philippines. The company primarily explores for gold, silver, copper, lead, and zinc. The company principally holds 77.5% interest in the Romang Island projects located in Indonesia. Robust Resources Limited was incorporated in 2006 and is headquartered in Sydney, Australia.

Founded in 2006

robust resources ltd (ROL) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$413.0K
Chief Operating Officer and Executive Directo...
Total Annual Compensation: A$318.6K
Technical Director and Director
Total Annual Compensation: A$325.6K
Company Secretary
Total Annual Compensation: A$60.0K
Compensation as of Fiscal Year 2013.

robust resources ltd (ROL) Key Developments

Robust Resources Limited Reports Assay Results from Six New Drill Holes Recently Completed At the Manganese Valley Prospect on Romang Island, Indonesia

Robust Resources Limited reported assay results from six new drill holes recently completed at the Manganese Valley prospect on Romang Island, Indonesia. These assay results are the first available from an infill and metallurgical drilling program which is supporting the recently commenced Manganese Project Feasibility Study. The drilling program is designed to improve the confidence level of the project by converting the majority of the Inferred Resource mineralisation into the Indicated and Measured Resource categories which can then form the basis of project Ore Reserves. Approximately 50 drillholes have been planned for the Manganese Valley and Batu Hitam West manganese deposits with all drilling expected to be completed during August, 2014. In addition, 15 large diameter (PQ3) diamond drillholes form part of the program to provide samples for metallurgy and ore characterisation tests. This drilling has also commenced with samples from the initial drillholes submitted to PT Geoservices (Ltd) Laboratories in Jakarta.

Robust Resources Limited Completes 9 Holes from Recent Exploration Drilling of the Perak Basin on its Romang Island Project, Indonesia

Robust Resources Limited reported the completion of 9 holes from recent exploration drilling of the Perak Basin on its Romang Island project, Indonesia. Of particular note are several high grade intersections of the Barite Exhalative (BEX), a sub-horizontal Mineralized zone rich in barite, gold, silver and base metals which occurs over a large portion of the Perak Basin drilled so far. The stand-out hole in the current set of results is LWD 429. This hole was drilled on the north-eastern margin of the basin and intersected high grades of gold, silver and base metals: 12.8m at 7.00 g/t AuEq and 8.86% combined base metals from 44.2m (2.32 g/t Au, 248 g/t Ag, 0.42% Cu, 4.23% Pb, 4.21% Zn) including: 9.0m at 9.35 g/t AuEq and 11.63% combined base metals from 47.0m (2.94 g/t Au, 340 g/t Ag, 0.58% Cu, 5.60% Pb, 5.45% Zn) including: 2.3m at 23.2 g/t AuEq and 29.7% combined base metals from 52.7m (7.80 g/t Au, 819 g/t Ag, 1.00% Cu, 14.2% Pb, 14.5% Zn) ftofcust Resources Limited FROM,190 g/t Individual assays from LWD 429 are particularly noteworthy.

Robust Resources Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2013

Robust Resources Limited reported consolidated earnings results for the half year ended December 31, 2013. For the year, revenues from continuing operations were AUD 529,588 against AUD 1,586,889 a year ago. Loss before income tax expense was AUD 3,999,657 against AUD 3,231,023 a year ago. Loss after income tax was AUD 4,029,451 against AUD 3,153,238 a year ago. Loss attributable to members of the parent entity was AUD 3,588,026 or 3.61 cents per basic and diluted share against AUD 2,934,833 or 3.34 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 3,869,198 against AUD 3,478,466 a year ago. Payments for purchase of property, plant and equipment was AUD 459,326 against AUD 279,862 a year ago.


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