• Due diligence confirms project to be technically sound and economically robust
• Kyrgyz Government rates Andash a project of ‘strategic significance’
• Existing infrastructure and labour in place
• Non-dilutionary financing being finalised with Robust’s strategic partner
• Exploration and development activity continues on Romang Island
Robust Resources Limited (‘Robust’ or ‘the Company’) is pleased to advise that following Board approval and due diligence, the Company has agreed to move forward on its planned acquisition of Andash Mining Company in the Kyrgyz Republic (“Andash”) from Kentor Gold Limited (ASX: KGL).
The Andash Copper-Gold project, which is located in the Central Asian Orogenic Belt, has Proven and Probable JORC Code Compliant Ore Reserves totaling 539,730 ounces of gold and 63,486 tonnes of copper1 with significant exploration upside (see Table 1 below). A Definitive Feasibility Study (DFS2) has been completed, and an existing team of 15 local technical, financial and administrative professionals has been retained to progress the project’s development.
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