antam in talks with oropa to increase stake

PUNGKUT GOLD PROJECT UPDATE

Last week PT Antam Tbk (“Antam”) reported in the Indonesian web site
Petromindo.com that Antam is in talks with Oropa Limited (“Oropa”) to
increase its interest in the Pungkut gold project, located in North Sumatra,
Indonesia. Antam is currently entitled to a 25% interest in PT Sorikmas Mining
(“Sorikmas”), the holder of the Pungkut Contract of Work, with the remaining
75% being held by Oropa.
In the interests of maintaining an informed market, Oropa wishes to disclose
the following:
• Antam has recently been undertaking due diligence on the Pungkut project.
• Oropa has a strong existing relationship with Antam and has been assisting
with the due diligence process.
• No offer has been received at this time.
In the meantime, work continues on the Scoping Study being undertaken by
SRK Consulting (Australasia) Pty Ltd for the ongoing development of the
Pungkut project. Final results of that work are expected by mid-October.
Yours faithfully,
OROPA LIMITED
PHILIP C CHRISTIE
Director
RECENT ASX
ANNOUNCEMENTS
22 September 2008
Annual Report For Year Ended 30
June 2008
11 September 2008
PowerPoint Presentation
8 September 2008
Significant Gold Intersections
Returned From Sihayo 1 North
Indonesia
CORPORATE
25 Charles Street
South Perth WA 6151
Ph: +61 8 9368 4544
Fax: +61 8 9368 4522
Email: [email protected]
Web: www.oropa.com.au
ABN: 77 009 241 374
BOARD OF DIRECTORS
Brian Hurley Chairman
Philip Christie Director
Rod Murchison Non-Executive
Director
Bruce Tomich Non-Executive
Director
Misha Collins - Non-Executive
Director
ASX Code: ORP