Robust Resources Limited : Robust to Raise $9.41 Million Through Partial Project Sale and Underwritten Rights Issue

The rights issue is fully underwritten by Droxford International Limited.
The sale of a further 17.5% interest in Romang Island for $5 million cash is being made to P.T. Kilau Sumber Perkasa ("PT KSP") a member company of Robust's strategic partner the Salim Group, which already holds a 22.5% interest in the project. Robust will retain a 60% interest in the Romang Island project following this transaction.
Upon completion of the partial sale of Romang Island and the fully underwritten rights issue, there will be minimal dilution to Robust's share register. An additional 14,689,904 million shares will be issued, taking the total number of shares on issue to 102.8 million shares.
The financing arrangements are expected to be completed in August 2013, following which time Robust will emerge with a diversified portfolio of advanced projects across Asia with exposure to multiple commodities. The company's portfolio will include:

Advanced projects

• Andash Mining Company (100%), Kyrgyz Republic, which owns 80% of the Andash Copper-Gold project, with reserves1 of 539,730 ounces of gold in place and 63,486 tonnes of copper. A Definitive Feasibility Study2 (DFS) had been completed and, based on a US$3.50 per pound copper price, and a gold price of US$1,300 per ounce, the project has a net present value (NPV8) of US$241 million. The DFS also concluded that, when complete, the Andash mine would be one of the lowest cost producing gold mines in the world.
• Romang Island polymetallic gold-silver-lead-zinc-copper project (60%), Indonesia where application for a mining license is now underway. Romang Island also encompasses a manganese project, where the aim is towards a low CAPEX start-up operation for the Company on the Island. Robust is accelerating development of both projects with several options being considered.
Table 1 over leaf shows resources and reserves for Robust, by project and mineral type, following the acquisition of the Andash project. As can be seen from this table, Robust Group mineral resources contain in the aggregate 1.29 million ounces gold, 27.7 million ounces silver and 1.64 billion pounds combined lead, zinc and copper3.

Exploration Projects

• Indonesia: Robust has access to, and is currently drilling on, a number of new highly prospective areas on
Romang Island, with plans to also drill at North Romang, which offers further upside to the overall project.
• Kyrgyz Republic: Exploration potential around the Andash deposit will likely substantially increase mine life.
Other opportunities in-country are also being considered.
• Philippines: 100% of Robust Exploration Pty Limited (Philippines) - a company that holds a highly prospective portfolio of copper - gold exploration assets in the Philippines covering 120 square kilometres. Exploration is focused on two projects - Ganymede on the island of Bohol, and the Metis gold project on Negros Island.
Robust's Managing Director Gary Lewis commented: "It is pleasing to note that through this funding agreement we have strengthened our relationship with our project partner and major shareholder the Salim Group which helps underpin the next phase of Robust's growth. Robust is fortunate to have the support of a partner that believes in our development strategy and is prepared to back us in challenging times.
"This funding agreement is also a vote of confidence in the upside potential of both the company's advanced projects and their unlocked value. We are pleased to have secured a major new project and ongoing funding with minimal dilution to existing shareholders. This will be the first time Robust has raised capital since October 2010.
"Robust has now emerged with a diversified portfolio of projects located in low-cost operating environments across Asia. With a committed and well-funded partner to support us, we are confident of delivering sustainable value for shareholders. Robust is in excellent shape."

About Robust

Robust Resources is a precious and base metals explorer and developer with projects in Indonesia and the Philippines, and has recently approved the purchase of the Andash gold-copper project in the Kyrgyz Republic. The flagship asset is a 60% managing interest in the Romang Island projects, which incorporates 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 (resource table; see website: www.robustresources.com.au). Since the completion of the JORC resource estimate in January 2012, Robust has completed additional drilling totaling over 12,000 metres and over 150 holes with consistent positive results. 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 and Andash 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.

Robust Resources is now on Twitter. Please click on the link provided to follow: https://twitter.com/RobustResources

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Competent Persons Statements

The information in this announcement that relates to Exploration Results and Mineral Resource Estimate for Romang Island is based on data compiled by John Levings BSc, who is a Fellow of The Australasian Institute of Mining and Metallurgy and who has more than ten years experience in the field of activity being reported on. Mr Levings is a director of the Company. Mr Levings has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Levings consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

The Resource and Ore Reserve Estimates for the Andash Project in this announcement are based on information compiled by Dr. Phil Newall, who is a Chartered Engineer and Fellow of the Institute of Materials Minerals and Mining and a full time employee of Wardell Armstrong International. Dr. Newall has sufficient experience, which is relevant to the style of the mineralisation and the type of deposit under consideration and to the activity to which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr. Newall has consented to the inclusion of this information in the form and context in which it appears in this announcement.

1. The Andash JORC Resource and Reserves Estimate was independently estimated by Wardell Armstrong International. Mineral Resources are inclusive of Mineral reserves 2. The Definitive Feasibility Study was completed in March 2010 by Kentor Gold Limited (ASX: KGL). 3. Mineral Reserves and Mineral Resources are quoted on a project basis. Upon completion of the Andash acquisition, Robust will own 80% of the Andash project and 60% of the Romang Island project.

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