Ann: Robust Secures Institutional Support for $7., page-2

re: Ann: Robust Secures Institutional Support...
still a low share total
tight register

ASX/MEDIA RELEASE
ASX: ROL 23 December 2009
ROBUST SECURES INSTITUTIONAL
SUPPORT FOR $7.41M PLACEMENT
Issue and allotment of 6.325 million shares at $1.20 per share
Cash in bank now over $10 million
Funding will further accelerate exploration of the highly prospective
Romang Island Gold-Silver-Base Metals Project
Robust Resources Limited (ASX: ROL) announces it has successfully completed a placement of
6,325,000 shares at $1.20 per share, raising a total of $7.41 million through institutional and sophisticated
investors. Following the placement, Robust will have in excess of $10 million to fund the continuing
exploration of the Romang Island Project in Indonesia and a total of 58.7 million shares on issue.
Institutional investors taking up shares in the placement include Talbot Group Investments (Talbot),
whose stake in Robust increases from 13.8% to 16.8% and the natural resource fund within a large
Australian-based institution.
The use of funds raised will include:
Expand the existing drill programme in the south of Romang Island, including the purchase of
additional drill rigs and infill drilling at the highly prospective Lakuwahi Caldera Prospect
Accelerate exploration in the north of Romang Island at the Solat Caldera including drilling of deep
gold-rich porphyry targets and the commencement of a large-scale geophysics survey
Commission of full-scale metallurgical tests
Improve logistics and infrastructure at Romang Island, including road and sea access
Robust Resources Managing Director Gary Lewis said, This successful fund raising of over $7 million,
particularly in the lead up to the holiday season, is further indication of the high calibre of institutional
support we have for our Romang Island project. Having these funds in place ahead of the 2010 drill
program gives us the confidence to increase activity at both the north and south island prospects, in
particular at Batu Mas where we have recently announced world class gold and significant base metal
intersections.
We are delighted that Talbot has demonstrated its continuing support for Robust by increasing its holding
to 16.8% and we welcome other long-term, strategic investors to the register. We look forward to an
exciting and prosperous 2010.
For further information please contact Gary Lewis - Managing Director on 0422 880 055