Robust Says New Scoping Study Confirms Manganese Project’s Potential

Robust Resources Ltd. (ASX:ROL) announced yesterday the results of a revised scoping study on its Indonesia-based Romang Island manganese project, commenting that it confirms the project will yield “strong financial returns.”

However, a recent Mining Weekly article notes that the project’s production and revenue will both be lower.

According to the press release, highlights include:

• 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

Click here to read the full Robust Resources Ltd. (ASX:ROL) press release.

Click here to view the full scoping study.