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23/02/2012 6:40 pm
Philippines
 
 
Romang Island
 
Lakuwahi Project
Batu Mas
Batu Hitam
Batu Jagung
 
North Romang Project
Wyaru
Kiahar
 
Philippines
  Maiden JORC Code compliant Resources Estimate from Lakuwahi.
Read more
 
 
  Exploration Drilling Significantly Expands Mineralisation at Batu Hitam Prospect where over 90% of holes intersected potentially economic mineralised rock.
Read more
 
 
  206 METRES of Continuous Precious and Base Metal-Rich Mineralisation Drilled on the North-Eastern Extensions of Batu Mas, Romang Island Indonesia.
Read more
 
 
 

Robust Resources Acquires Portfolio of Exploration Assets
in Philippines – “Ring of Fire” Expansion

Three highly prospective Copper/Gold explorations assets in the Philippines.

Robust will acquire 100% of the shares in JAMM in exchange for the issue of 2.15 million new ordinary
shares in the Company, i.e.:
• 650,000 Robust shares will be issued on completion of the transaction
• 1,000,000 Robust shares will be issued progressively as key operational milestones are achieved
• 500,000 Robust shares will be issued upon definition of a 1 million ounce Gold JORC-compliant resource (indicated or measured category). "Robust will acquire 100% of the shares in JAMM in exchange for the issue of 2.15 million new ordinary shares in the Compny"

 

 

Robust’s Managing Director Mr Gary Lewis commented: “For some time we have been assessing opportunities to expand our exploration portfolio into areas that are both geological prospective and operationally manageable. As our Romang Island Project in Indonesia enters the early stages of its development phase, the JAMM Philippines transaction will broaden and deepen our pipeline of exploration assets in a country and geological region that we know and understand.

 

 
                 
       
 
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