oropa accelerates pre-feasibility activities

OROPA ACCELERATES PRE-FEASIBILITY ACTIVITIES


OROPA ACCELERATES PRE-FEASIBILITY ACTIVITIES

�� Engagement of Technical Consultants
�� Resource Extension Drilling Continues
�� Consideration of Hydro Electric Power
Engagement of Technical Consultants
Oropa Limited (“Oropa”) is pleased to announce the engagement of the following consultants to
progress the current phase of pre-feasibility work on the Sihayo – Sambung gold project at the
Pungkut Contract of Work in Indonesia:
Geological Resource Modeling and Geotechnical Work:
Golder Associates Pty Ltd (“Golder”)
Metallurgical Work:
Kentgold Holdings trading as Ozmet (“Ozmet”)
Golder is a global consulting company eminently qualified to assist with the advancement of
resources in terms of JORC compliancy and associated geotechnical planning and design at the
project. Golder also has an office in Jakarta which will facilitate the development of certain
activities involved in its assignment.
Ozmet has been involved in assisting with metallurgical and engineering design of numerous gold
and other metals projects worldwide, including associated work leading to the development of
final feasibility studies and design.
In addition to the above-mentioned consultants Oropa is currently in discussion with consulting
groups regarding environmental survey works for the project.
Sihayo Drill Program
Currently one drill rig is operating at Pungkut, drilling for possible additional mineralisation in the
vicinity of the existing Sihayo 1 North resource from the Old Camp target area towards Sihayo 2.
Oropa intends to ramp up the drilling program in coming months, increasing the number of drill
rigs onsite to accelerate pre-feasibility work, including the infill drilling required to bring about an
upgrade in resource category from Inferred to Indicated Resource status, as per JORC
guidelines.
25 Charles Street, South Perth WA 6151 PO Box 1013, South Perth WA 6951
Telephone: (08) 9368 4544 Facsimile: (08) 9368 4522
Web: www.oropa.com.au Email: [email protected]
ACN: 009 241 374
Consideration of Hydro Electric Power alternatives
Based on discussions to date with engineering contractors the Company is likely to proceed with
a scoping study considering the potential for incorporation of hydro electric power generation at
the project. If feasible hydro electric power would substantially reduce operating costs.
Yours faithfully,
OROPA LIMITED
BRUCE N TOMICH
Chief Executive Officer
It is advised that in accordance with the Australian Stock Exchange Limited Listing Rule 5.6, the information in this report that relates
to Exploration Results is based on information compiled by Mr Bruce Tomich who is a Member of the Australasian Institute of Mining
and Metallurgy.
Note 2: Mr Bruce Tomich is full time Chief Executive Officer of Oropa Limited. Mr Tomich has sufficient experience which is relevant
to the style of mineralisation and type of deposit which is under consideration and to the activity which Oropa is undertaking
to qualify as a “Competent Person” as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves”. Mr Tomich consents to the inclusion in this report of the matters based no
information in the form and context in which it appears.
Note 3: The contents of this release that relate to consultants are based on information provided by Golder Associates Pty Limited
and Kentgold Holdings trading as Ozmet and each has consented to the inclusion in this report of the matters related to
each consultant in the form and context in which they appear.
All statements in this report, other than statements of historical facts that address future timings, activities, events and developments
that the Company expects, are forward looking statements. Although Oropa Ltd, its subsidiaries, officers and consultants believe the
expectations expressed in such forward looking statements are based on reasonable expectations, investors are cautioned that such
statements are not guarantees of future performance and actual results or developments may differ materially from those in the
forward looking statements. Factors that could cause actual results to differ materially from forward looking statements include,
amongst other things commodity prices, continued availability of capital and financing, timing and receipt of environmental and other
regulatory approvals, and general economic, market or business conditions.