The Conversation (0)
Robust’s Romang Island Project to Produce 250,000 Tonnes of Manganese a Year
Apr. 16, 2014 04:19PM PST
Battery Metals Investing
Mining Weekly reported that a scoping study completed on Robust Resources Ltd.’s (ASX:ROL) Indonesia-based Romang Island project indicates that it will put out about 250,000 tonnes of manganese per year over a mine life of two to three years.
Mining Weekly reported that a scoping study completed on Robust Resources Ltd.’s (ASX:ROL) Indonesia-based Romang Island project indicates that it will put out about 250,000 tonnes of manganese per year over a mine life of two to three years.
Further, the project will have a capital cost of between $8 and $10 million.
As quoted in the market news:
Robust MD Gary Lewis said that while the project would not be the main value driver for the company, it was an important part of Robust’s strategy for an early, low-cost entry into production.
In mitigation of one of the key risks identified in the scoping study, Robust has signed a memorandum of understanding (MoU) with the Indonesian subsidiary of Asia Mineral Corporation, to provide ore to a proposed smelter being developed on the island of West Timor, which is in close proximity to Romang Island.
The MoU was designed to provide Robust with flexibility to potentially export high-grade ore in the early years of the manganese production, with a progressive transition to supply the smelters in later years.