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ROBUST RESOURCES LIMITED (ROL)


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General Information
Company Name: Robust Resources Limited
Stock Code: ROL
Website: www.robustresources.com.au
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 22
Equiv. Shares (M): 88

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.250 $ 0.260 $ 0.265 $ 0.250 $ 0.260 67,007 $ -0.010  -3.846 %

Company Overview

Business Description:
Robust Resources Limited (ROL) is a precious and base metal exploration and development company in Indonesia and the Philippines. Its flagship project is the Lakuwahi project located on Romang Island in Indonesia's endowed Banda Magmatic Arc, 650km NW of Darwin. The majority of the exploration has revealed gold silver with base metals.

Strategy Analysis:
ROL is focused on aggressively exploring for precious and base metals on Romang Island, Indonesia. Robust Resources announced that the Company has made substantial progress on its ongoing exploration and development program at its mineral deposits of oxide Au-Ag and polymetallic base and precious metals on Romang Island, Indonesia. The Company reported it has commenced a large drilling campaign for 2012, using all the financial, human and material assets at its disposal. Robust have now commenced a major drilling programme designed to test fresh targets, as well as follow up extensions to the known mineral deposits. This 20,000m programme will run for the duration of calendar 2012, utilising eight (building to ten) exploration diamond drill rigs in both north and south Romang Island. Initially, eleven prospective Lakuwahi targets will be explored.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -8.3 -9.6 -- 0.0 0.0 0.0 --
2011  A -6.5 -8.6 -- 0.0 0.0 0.0 --
2010  A -1.9 -4.2 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
BHP Billiton (BHP) $108,427 M -0.1359 -0.2169 0.2281 10.7192 13.6874 11.1456 0.0326 0.0355 0.0379
Iluka Resources (ILU) $4,526 M -0.2536 -0.6688 1.4331 11.9805 36.1780 14.8693 0.0324 0.0129 0.0313
Rio Tinto (RIO) $23,827 M -0.3874 0.1601 0.2231 11.2943 9.7359 7.9598 0.0294 0.0344 0.0389
Robust Resources (ROL) $23 M -- -- -- -- -- -- 0.0000 -- --
Sims Metal Management (SGM) $1,996 M -0.6378 -0.2450 1.9611 29.0169 38.4343 12.9799 0.0205 0.0108 0.0373

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
ROL -- -- 0.48 -- 416.7
Market 0.83 14.9 1.29 1.81 1.77
Sector 0.56 8.96 0.71 1.83 6.67

Directors
Name Position Start Date
Gordon Lewis Executive Director 06 March 2012
Mr Gary Leon Lewis Managing Director 17 October 2006
Dr David William King Non-Executive Chairman 29 January 2010
Mr Andrew James Wilson Non-Executive Director 07 January 2010
Mr John Levings Non-Executive Director 27 July 2009

Management
Name Position
Ian Mitchell Company Secretary

Substantial Shareholders
Holding Name
9,833,153 (11.17%) Talbot Group Investment Pty Ltd
17,323,591 (19.69%) Droxford International Limited and associates
5,546,700 (6.30%) JP Morgan Chase & Co and its affiliates

Calendar of Events
Date Event
29 April 2014 Report (Quarterly)
30 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
27 September 2013 Report (Annual)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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