Finalises sale of 22.5% interest in Romang Island project to Salim Group company PT Kilau Sumber Perkasa (“PT KSP”) for A$31.6 million
- Additional funding will bring total Group cash to more than AUD $50 million
- Robust shareholders retain a 77.5% interest
Partnership with PT KSP will underpin early development options for Romang and satisfy future statutory requirements for local (Indonesian) participation
Salim Group has also invested directly in Robust acquiring a $3 million stake
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