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Market: ASX
Sector: General Mining
Epic: .ROL
News: Latest news
Web Site: Robust Resources
Other Articles: 29-01-201012-01-201007-01-2010

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Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Robust Resources

Robust Resources

Robust Resources Limited (ASX: ROL) is a Sydney-based miner exploring for Gold-Silver and Base Metals on Romang Island in Indonesia’s richly endowed Banda Magmatic Arc, 650km northwest of Darwin.
 
Robust is exploring highly prospective ground previously explored by Biliton (1990s). An initial 2000m drilling program with the Lakuwahi Caldera Project has identified wide zones of gold-zinc-silver-lead-copper mineralisation. All holes completed in the first round of drilling by Robust were open in every direction and at depth.
 
Robust is accelerating its exploration program in the 2010 financial year with a target of 5000m to be drilled using owner-operated diamond drill rigs and a local labour force for continuing economic efficiency.
 
With experienced management who have a track record of major discoveries, Robust holds a 51% interest in five mineral titles totalling 25,000ha covering the entire Romang Island, with an option to increase to 75%.

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Tuesday, June 30, 2009

Robust Resources finds copper/gold anomalies near Orange, NSW

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Robust Resources (ASX: ROL) has been turning investor heads recently with drilling results from Romang Island.

ROL has also been active on its Cumnock tenement (EL 6417) near Orange in NSW. Broad spaced soil sampling has located new gold and base metal anomalies at Gumble and Mount Catombal as part of the tenement ground.

Copper and gold anomalies were encountered in the northern grid.  These will require follow-up by prospecting/ rock chip sampling, and/or closer spaced soil sampling.

ROL is manager of the Joint Venture with Ausmon Resources Limited (ASX: AOA). Robust farmed out an 85% interest its NSW tenements including EL 6417 (Cumnock), near Orange. The deal excluded Bauloora (EL 6414) near Cootamundra, which is 100% owned by Robust.  Under the agreement Ausmon will spend $250,000 p.a. on the tenements as a whole for 3 tenement years ending May 2011, with a right to withdraw after 2 years.  ROL will retain a 15% free carried interest.

A total of 15 to 20 new copper and/or gold anomalies have been discovered. These anomalies are significant in that they most likely represent the surface expressions of base and precious mineralisation at depth. 

Gumble is prospective for skarn type deposits, and the Mt Catombal area for disseminated copper sulphides with epithermal gold.

Further exploration will focus on sampling of the most northerly anomaly, extending northwards. Broadly spaced soil sampling will be undertaken in areas where rock chip sampling has yielded anomalous results.  The work will hone targets for further probing using air core and/or RC percussion drilling.

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