- Third instalment from PT KSP received, for 22.5% share of PT GBU
- PT KSP a member company of Indonesia's Salim Group
- Salim Group continues to build direct equity holding in ROL - now holds a 19.7% stake
- ROL well funded to continue exploration and development of Romang Island project and pursue other growth opportunities.
Robust Resources Limited ("Robust"or "the Company") is pleased to report that it has received the third cash instalment of $6.3 million from P.T. Kilau Sumber Perkasa (PT KSP"), a member company of the Salim Group, bringing the total amount received to date to nearly $19 million.
As announced in July 2011, the funds have been received as a part payment for the acquisition of 22.5% of P.T. Gemala Borneo Utama (PT GBU"), the local Indonesian company that has the mining rights over Romang Island.
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