Robust updates Romang manganese Resource

THE DRILL SERGEANT: Robust Resources (ASX: ROL) has announced an updated JORC Code 2012-compliant mineral resource for its manganese project at the company’s Romang Island project in Indonesia.

The updated Resource includes additional drilling and analyses which were not available at the time of an estimate the company released in November 2013.

Robust said the new information has allowed its consultants to classify 56 per cent of the resource tonnage as Indicated Mineral Resource and 44 per cent as Inferred Mineral Resource.

 

Manganese project Mineral Resource Table (lower cut-off grade 30 per cent manganese). Source: Company announcement

 

Robust explained that when compared to the previous estimate, there is a 30 per cent increase in the tonnage and a 28 per cent increase in the manganese metal content.

There is also a minor decrease in the average global grade from 42.1 per cent to 41.1 per cent manganese.

A Scoping Study that was based on the original resource estimate is now being updated to include the new information.

The company anticipates the revised Scoping Study results will be published later this month.

Robust has already commenced a Feasibility Study based on the results of the original Scoping Study, which is due for completion later in 2014.

Robust said it is confident the revised Scoping Study will reinforce its plans to develop a small-scale manganese ore mining and processing operation on Romang Island.

“The Romang Island manganese project has been enhanced by this new mineral resource estimate completed to JORC 2102 standards, as it shows both an increase in size and in quality,” Robust Resources managing director Gary Lewis said in the company’s announcement to the Australian Securities Exchange.

“We are advancing the Feasibility Study for the manganese project and the enhanced quality and size of the resource demonstrates that this stand-alone project is likely to be a very important component of the development of Romang Island into a multi-commodity project.

“We are now in the process of finalising the new Scoping Study for the manganese project using an Indicated mineral resource which will be released shortly.

“While we progress the development phase of the manganese project on Romang Island, drilling is also continuing and we are confident of further increasing the size of the resource beyond current levels.”

Website: www.robustresources.com.au