ROL robust resources limited

jorc compliant resource estimate update

  1. 20,457 Posts.
    lightbulb Created with Sketch. 269
    JORC COMPLIANT RESOURCE ESTIMATE,
    ROMANG ISLAND UPDATE

    Robust Resources Limited (‘Robust’ or ‘the Company’) is pleased to announce that a JORC
    compliant mineral resource estimate (JORC resource estimate) for the Lakuwahi Project on
    Romang Island, Indonesia is being undertaken by independent consultants, Micromine
    Consulting Services (MCS) (http://www.micromine.com/consulting-services) of Perth, WA. This
    estimate is being conducted within a compressed timescale due to delays caused by a method
    change for the assaying of lead (Pb) samples at the Company’s laboratory in Jakarta. The Pb
    QA/QC checks have been completed to the Company’s satisfaction and the resource estimation
    process has been underway since early December.
    Robust have received the draft resource estimate from MCS and the global resource numbers
    meet the Company’s expectations. MCS have advised that final QA/QC analysis is in progress,
    which will allow for the final classification and completion of the JORC resource estimate in
    approximately one week.
    The timeline described above means that the company will miss, by a few days, its internal
    deadline for the completion of an independent JORC resource estimate before the end of 2011.
    The company anticipates publicly releasing the JORC resource estimate in early January, 2012.
    Robust's Managing Director Gary Lewis commented: "While this minor delay is frustrating we
    need to ensure that our maiden JORC resource estimate is completed to both the Company's and
    MCS’ satisfaction.
    "This maiden JORC resource estimate is an important milestone for Robust and we look forward
    to updating shareholders at the first opportunity in the next week or so."
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.