CAPITAL MARKETS

Robust buys out Indo project

ROBUST Resources will pay $A20 million for the remaining 25% stake in its Romang Island gold and base metals project in Indonesia, announcing the deal to snap up the rest of the asset this morning.

Nick Evans

Robust buys out Indo project

The company originally bought a stake in the project in early 2008 from PT Gemala Borneo Utama (GBU), paying 5 million shares and $150,000 in cash, and agreeing to spend $1.5 million on the ground to earn...

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