During the reporting period, Robust has continued its strong drilling campaign at the Batu Mas and Batu Hitam prospects at the Lakuwahi Project Area on Romang Island, Indonesia. The company now has seven diamond drill rigs on Romang, with six of these rigs progressing the delineation drilling at Lakuwahi in preparation for the Company's maiden JORC code compliant resource estimate, which is targeted for release during Q2 FY12. Due to the continuance of positive exploration results, planning is currently underway for expanding the number of owner-operated diamond drill rigs to ten, to further advance the Company's exploration efforts on Romang Island. Eight rigs will operate within the Lakuwahi project area, with two rigs earmarked for the North Romang Project. Assay results from the drilling during the June quarter are expected for release over the coming weeks.
ROL Price at posting:
$1.55 Sentiment: LT Buy Disclosure: Held
