ORP 10.3% 3.5¢ orpheus uranium limited

A timely announcement wouldn't go astray. If we are to believe...

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    A timely announcement wouldn't go astray. If we are to believe what their activities have been this quarter then we should be ready for some nice news.

    An Indicated JORC status as mentioned in the announcement below will help no end.

    An announcement on 3rd June stated:

    "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.

    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."
 
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