Robust Resources Limited
ASX:ROL ISIN:AU000000ROL5
News
Robust Resources Limited (ASX:ROL) Quarterly Activities Report to Dec 31, 2008
Robust Resources Limited (ASX:ROL) today announced two key developments in the company's growth as an emerging exploration company.
Shareholders in Robust Resources Limited (ASX:ROL) have today approved the acquisition of a 19.9 shareholding in the company by Trafford Resources Limited (ASX:TFR) through a placement of 7.2 million fully paid shares to be issued at 20c each, raising a total of A$1.4 million.
The Directors of Robust Resources Limited (ASX:ROL) and Trafford Resources (ASX:TRF) are pleased to announce plans to accelerate exploration on the 25,000 hectare Romang Island gold and base metals project in Indonesia's volcanic Banda Arc.
Trafford Resources Limited (ASX: TFR) has offered to acquire a 19.98% interest in Robust Resources Limited (ASX: ROL) with a placement of $1.4 million for 7.2 million fully paid shares to be issued at 20c each, to take a position in Robust's 25,000 sq. km Romang Island gold and base metals project in Indonesia's Magmatic Arc.
Robust Resources Limited (ASX: ROL) which listed on the ASX on 26 February 2007, is a mineral explorer focused on gold, silver, copper, lead and zinc in the Lachlan Fold Belt of NSW. With experienced management who have a track record of major discoveries, Robust is exploring favourable areas near proven world-class deposits and existing infrastructure.
Robust Resources (ASX: ROL) today announced a $1.2 million exploration program over the next ten months for its newly acquired gold-base-metals project on Romang Island in Indonesia's Magmatic Arc.
Robust Resources Limited (ASX: ROL) ("Robust:") announced today that results of a soil geochemical survey at the Cumnock Copper Mine near Orange, NSW, are positive requiring follow-up drilling.
Robust Resources (ASX: ROL) announced today an exciting major diversification through the strategic acquisition of 'Romang Island' an advanced gold-base metals exploration project with large-scale mineralisation potential.
Results from Robust Resources Limited (ASX: ROL) ("Robust") initial drilling programme at its Bauloora Mine prospect - near Cootamundra in the NSW Lachlan Fold Belt, has shown the main vein to extends to the North and South. It remains open in these directions and also down dip. A further intersection approximately 150m to the East indicates that a multiple vein system may exist.
328,884 COMPANY PROFILE VIEWS
- This Page Viewed: (Last 7 Days: 100) (Last 30 Days: 550) (Since Published: 48475)