Great news, oropa slowly getting back on track, cash in bank,...

Great news, oropa slowly getting back on track, cash in bank, time to start drilling & get the sp to appropriate levels:


ASX ANNOUNCEMENT
20 APRIL 2009
PUNGKUT GOLD PROJECT:
POSITIVE SUPREME COURT RULING

20 April 2009
PUNGKUT GOLD PROJECT:
POSITIVE SUPREME COURT RULING
Oropa Limited (“Oropa”) has, on 17th April 2009, been advised by its Indonesian legal counsel, Hadiputranto, Hadinoto
& Partners, that the Indonesian Supreme Court has ruled favorably on PT Sorikmas Mining’s (“PTSM”) October 2004
petition for Judicial Review of Minister of Forestry Decree No. 126-Menhut-II/2004 dated 29 April 2004 on a National
Park, which partially overlaps the western area of its Pungkut Contract of Work (“CoW”) in Sumatra, Indonesia.
In its decision, the Supreme Court nullified the Minister of Forestry's Decree on the overlapping area. Based on this
decision, there is no longer an overlap between PTSM's 66,200 Ha Pungkut CoW area and the National Park.
Oropa has been advised that there is no further appeal that parties can make against this decision and therefore this
Supreme Court Decision is final and binding.
This outcome removes uncertainty about the future accessibility of prospective areas in the western half of the Pungkut
CoW that have been quarantined by the Ministry of Energy and Mineral Resources pending resolution of the overlap
issue. It also confirms the strong legal status attached to a Parliamentary-approved 7th Generation CoW that Pungkut
is, and provides confidence in the Indonesian legal system.
It should be emphasised that this in no way impacts on the Sihayo-Sambung resource area which has always been
located outside the previously proposed National Park boundary.
Oropa intends to consider the implications, in terms of exploration opportunities that arise from this decision, especially
in view of the results of pre-2004 exploration from a number of sites within that “quarantined area” that suggest
potential for world class porphyry copper+/- gold+/- molybdenum deposits. This additional dimension to Pungkut
potential will be followed up by Oropa through broadened exploration activities in the next year, while maintaining focus
on the pre-feasibility work related to the 1 million ounce Sihayo-Sambung gold project.
Yours faithfully,
OROPA LIMITED
BRUCE N TOMICH
Chief Executive Officer
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
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.
�� 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 on information in the form and context in which it
appears.
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.