Talbot acquired 15% Robust

Shareholders of Robust Resources Limited, the controlling investor in Romang Island gold project in Indonesia, approved the issue of 7.24 million shares to Talbot Group Investments, which represents 15% of the company's issued capital.  

The transaction will raise $2.53 million from Talbot and allow Robust to further accelerate exploration of its highly prospective Romang Island gold-silver and base metals projects, Robust told ASX this morning.

"The capital raised will provide Robust with the flexibility to accelerate the exploration of Romang Island. Results received from drilling to date have exeeded the company's initial expectations with all 18 drill holes intersecting substantial gold, silver, and base metals mineralization," Gary Lewis, managing director of Robust said.

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