- Scoping Study confirms “strong financial returns” for manganese project:
CAPEX US$8-10 million
Payback < 6 months
Gross revenue of US$40m-$60m
Based entirely on indicated mineral resources
- Independent Study conducted by Equant Resources Pty Ltd
- Full feasibility study underway – expected to be finalised by end 2014
- Metallurgical sampling work ongoing
- Drilling for mineral resources continues
- Scoping study identifies that manganese resource likely to increase with further exploration.
Robust Resources Limited (‘Robust’ or ‘the Company’) is pleased to announce the results of a revised Scoping Study of the Romang Island Manganese (Mn) Project (“Scoping Study”, “the Study”). The Study was carried out by independent consultants Equant Resources Pty Ltd and was based on the indicated mineral resource estimate published by the Company on 13 and 14 May 2014.
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