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Robust adds to Romang Island resource

13th May 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Robust Resources has increased the indicated and inferred resource at its Romang Island manganese project, in Indonesia, by 30% in tonnage and by 28% in manganese content.

The project was now estimated to host a total 738 000 t of resource, grading 41.1% manganese, for 304 000 t of contained metal. Robust said that 56% of this resource was classified as indicated, with the remaining 44% classified as inferred.

A previously completed scoping study had estimated that the project would deliver about 250 000 t/y of manganese over a two- to three-year project life, generating gross revenue of between $50-million and $100-million.

The company said that the new resource estimate would be incorporated into the scoping study, with the revised study expected to reinforce Robust’s plans to develop a small-scale manganese ore mining and processing operation.

A feasibility study on Romang Island was also due before the end of the year.

“The Romang Island manganese project has been enhanced by this new mineral resource estimate completed to Joint Ore Reserves Committee standards, as it shows both an increase in size and in quality,” said Robust MD Gary Lewis.

He noted that the standalone project was likely to be "very important" to the development of Romang Island as a multicommodity 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,” Lewis said.

Edited by Creamer Media Reporter

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