total pungkut resources top 1 million ounces, page-26

Hi RT,

Did you see the Bankable Feasibility Study comment in the announcement?

Indicated status as preparatory work continues towards a Bankable Feasibility Study.


JMHO someone still wants more at lower SP. But how long can they keep it down. Time will tell...

Cheers,
Brantley

Indicated status as preparatory work continues towards a Bankable Feasibility Study.

ASX ANNOUNCEMENT
27 May 2008

49% INCREASE IN SIHAYO 1 NORTH GOLD RESOURCE.

TOTAL PUNGKUT RESOURCES TOP 1 MILLION OUNCES

Highlights

Independent resource estimate for Sihayo 1 North increased by 49%.

Inferred resource base now 12.1mt @ 2.4g/t Au for 910,000 ounces of gold.

Combined Inferred resource at Sihayo 1 North and Sambung gold deposits now stands at 1.01 million ounces of gold.

Sihayo 1 North resource remains open along north western margin.

Scoping Study to immediately commence for Pungkut mining development.

Drilling planned at both Sihayo 1 North and Hutabargot Julu to further extend resource base.

The Directors of Oropa Limited are pleased to announce the completion of an independent JORC Code compliant inferred resource estimate for the Sihayo 1 North deposit, part of the Company’s 75% owned Pungkut Gold Project in North Sumatra, Indonesia, of 12.1 million tonnes grading 2.4g/t gold for 910,000 ounces of contained gold – representing a 49% increase in gold resources.

Sihaho 1 North Project:
Cut-off Grade Tonnes Grade Contained Gold
Millions g/t, Au Millions, ozs
+1.0 g/t 12.1 2.4 0.91

The resource at Sihayo 1 North remains open along the north western margin, and the Company plans to undertake additional drilling to target possible extensions to the resource. Oropa will also embark upon an infill drilling program to increase resource confidence to at least an

Indicated status as preparatory work continues towards a Bankable Feasibility Study.

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]