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%.
Robust Resources appoints new chairman as share price prospers
Shares in Indonesian-based gold and base metal explorer Robust Resources (ASX: ROL) spiked 25c this morning as the company announced the appointment of David King as Chairman to its board.
During the morning trade, shares in the company increased 25c, or 17.5%, to $1.68.
Dr King is currently Non Executive Director of ASX listed Ausmon Resources Ltd, a founder and Non-Executive Director of ASX200 company Eastern Star Gas and Chairman of Cellmid.
He has substantial minerals-related experience, having previously served as Managing Director of North Flinders Mines and as a director of Minerals Corporation Ltd, Elmina, Spargos Mining, Hillgrove Gold Ltd and Sapex.
Robust Managing Director, Gary Lewis said: “David brings to Robust a wealth of technical and corporate experience having served on many ASX listed company boards.
"His appointment is in line with our continuing efforts to strengthen the Company’s board and executive team and his previous experience will no doubt prove invaluable as we move forward in what is a very exciting developmental stage of the company," Dr Lewis said.
Other Robust Resources articles
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16/03/10 Robust Resources shares spike on record 82.5M gold-silver zone
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16/12/09 Robust Resources reports on more good news at Romang Island
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08/12/09 Robust Resources hits world-class high grade gold intersection in Indonesia
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24/11/09 New gold-silver-lead mineralisation intersected by Robust Resources on Romang Island
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22/09/09 Robust Resources hits new gold and silver zone on Romang Island
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15/09/09 Robust Resources further extends mineralisation on Romang Island
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18/08/09 Robust Resources hits highest grade gold and silver yet, on Romang Island
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21/07/09 Robust Resources identifies potentially large porphyry system at Romang Island North in Indonesia
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07/07/09 Robust Resources shareholders approve placement to Talbot Group
Other Robust Resources news
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29/01/10 Robust Resources to add fourth drill rig to Romang Island programme
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12/01/10 Robust Resources intersects significant polymetallic gold-base metal zone on Romang Island
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07/01/10 Robust Resources appoints ex-BHP Billiton Indonesia President Director
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23/12/09 Robust Resources raises $7.41 million to advance exploration at Indonesian project
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20/11/09 Robust Resources announces resignation of chairman
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13/11/09 Drilling of gold targets at Cobar project completed, owned by Robust Resources and Ausmon Resources
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27/07/09 Robust Resources appoints John Levings as Technical Director, Romang Island Gold Project
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30/06/09 Robust Resources finds copper/gold anomalies near Orange, NSW
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24/06/09 Robust Resources continues to generate excitement with latest drilling results in Indonesia
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03/06/09 Robust Resources hits purple patch at Romang Island, Indonesia
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