ASX ANNOUNCEMENT24 April 2009FUNDRAISING AND APPOINTMENT OF NEW...

ASX ANNOUNCEMENT
24 April 2009

FUNDRAISING AND APPOINTMENT OF NEW DIRECTOR

Fundraising
Oropa Limited (“Oropa”) is pleased to announce that the fundraising initiative approved at a General Meeting
of Shareholders on 24th March 2009, as of 24th April has raised gross funds of $1,594,337. Outstanding but
committed note-holder funds total a further $405,663, thus the issue is anticipated to be fully subscribed, ie
gross funds totaling $2.0 million.
Sihayo Drilling Program Commenced
As a consequence of the success of the funding arrangements, Oropa has arranged for the immediate start
up of the 2009 drilling program, initially centred on the Old Camp eastern extension area of the Sihayo 1
North resource at the Pungkut gold project in Indonesia. One drill rig, previously on standby at site,
commenced drilling the first hole of the new program on 21st April. It is intended to augment this drill rig with
additional rigs over the coming months.
Any further significant gold mineralisation delineated within the eastern extension of the existing resource will
be incorporated into a pre-feasibility study prior to embarking on a final Bankable Feasibility Study (“BFS”). In
preparation for planning of the pre-feasibility study, Oropa has called for Expressions of Interest from relevant
consultants to be provided by 24th April 2009. Particular emphasis for this work is related to resource
estimation and JORC compliancy, metallurgical sampling and associated test work, geotechnical and
hydrological analysis, and various other engineering studies – including the possible incorporation of hydroelectric
power for base power generation to supply the processing plant.
Appointment of Ian Macpherson as Director of Oropa
The Board of directors of the Company is pleased to announce the appointment of Mr Ian Macpherson as a
non-executive director, commencing 24th April 2009.
Ian is a career Chartered Accountant who has specialised in the area of corporate advice with a particular
emphasis on capital structuring, equity and debt raising, corporate affairs and stock exchange compliance
procedures for public companies, both mining and industrial. He has acted in the role of director and
company secretary for a number of his clients and has been involved in numerous asset acquisition and
disposal engagements.
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
Ian has been instrumental in assisting the Company with the fundraising initiative, and will be of considerable
assistance to Oropa as it progresses towards the BFS and development of Pungkut.
Any inquiries regarding this announcement should be directed to the undersigned.
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.
�� 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.