As per the deal, Robust will hold 87.3% stake in Mentum. As at the close of trading on 15 July, the stake is valued at A$32m.
Robust managing director Gary Lewis said: "The listing of Robust’s Kyrgyz Republic assets on London’s AIM through Mentum Inc is a pleasing development and we are confident that significant value will be realised from this transaction.
"Mentum Inc, which will shortly become Tengri Resources, now holds an enviable portfolio of goldcopper assets that have mineral resources in place, with significant exploration upside.
"These projects offer near-term development potential and have the capacity to deliver significant shareholder returns when exploited."
Mentum is a Central Asian mining development firm with three assets, including the Andash gold-copper project, Talas copper-gold and the Bashkol gold project.
