Robust Resources Limited : Robust Receives Final Payment for Romang

ASX: ROL 12 February 2013

• Final $6.3 million cash instalment received from PT KSP, a member company of Indonesia's Salim Group

• Fifth instalment brings total investment to $31.5 million

• PT KSP now holds 22.5% of PT GBU and 19.8% of ROL common stock

• Further strengthens Robust's strategic partnership with Salim Group

• Robust now has cash position of ~$25 million - well funded through to

• Currently undertaking initial scoping study at Romang Island Project

Robust Resources Limited ("Robust" or "the Company") is pleased to announce that it has received the fifth and final $6.3 million payment from P.T. Kilau Sumber Perkasa (PT KSP), a member company of Robust's strategic partner, the Salim Group. This payment brings the total amount received from PT KSP to ~$31.5 million, meeting the requirement outlined in the agreement to acquire 22.5% of the Romang Island Project.
As announced in July 2011, under the sale agreement PT KSP agreed to acquire a 22.5% shareholding of P.T. Gemala Borneo Utama (PT GBU), the local Indonesian company which has the mining rights over Romang Island, through a five stage investment totalling AUD
$31,569,544.
Robust's Managing Director, Gary Lewis, commented: "The Board is pleased to have received the final payment under the agreed part sale of the Romang Island Project.
"Salim Group's commitment to each stage of this investment, and the fact that the Group has separately acquired a 19.8% holding of Robust stock on-market, illustrates their intention to share in the value upside of the Romang Island Project. To have a partner investing at a project level and in the listed company is an important and differential factor for Robust and its shareholders.
"Something we have placed a great deal of emphasis on is finding a partner that brings to Robust the necessary commercial and political connections in Indonesia. Robust is very fortunate to have the support of the Salim Group as we progress development plans at the Romang Island Project.
"The company has a strong cash position of around $25 million allowing Robust to fund its exploration and development activities through to feasibility stage, with a scoping study on the Project's existing JORC resource due to be completed.
"Robust's strategic partnership with Salim continues to grow, providing a unique opportunity to identify and secure additional projects and increase the Company's footprint in the Asia-Pacific region," Mr Lewis added."

*** ENDS ***

About Robust Resources Limited

Robust Resources is a precious and base metals explorer and developer with projects in Indonesia, the Philippines and Australia. The flagship asset is a 77.5% managing interest in the Romang Island projects, in Indonesia, which incorporate an interim Indicated and Inferred JORC mineral resource estimate of 592 thousand ounces of gold, 27.7 million ounces of silver, 95 million pounds of copper,
697 million pounds of lead and 678 million pounds of zinc. Drilling has also identified the presence of
near-surface high-grade manganese deposits. Robust's dual focus is to become a significant low cost precious and base metal producer on Romang Island as well as continuing its positive record of new discoveries from its portfolio of exploration properties. Robust trades on the Australian Securities Exchange (ASX) under the symbol ROL and on the Frankfurt Exchange under the symbol RO7.

distributed by