why oropa is a stand out buy

Time the market looks ahead & forgives Oropa for there past diamond venture which has sat in courts for years & put a strangle on Oropas share price for so long, there is a significant amount of news from there Indonesia gold to there Malawi Uranium that clearly has not been factored into the share price, I have attached a huge run down of key points for the future & prior announcements that have been overlooked, for who ever is wise enough to take notice & do there own DD on ORP I think you will agree a 4.6cent share price $8mil market cap is way undervaluing oropas achievements & future potenitial:


GOLD:
• Focus on advanced Indonesian gold assets
• Pungkut Project, North Sumatra
• 710,000oz resource (two deposits) in world-class
mineral belt
• Excellent growth potential
• Resource update Q1 2008 following recent
exploration success at Sihayo 1 North
• Drilling continuing targeting new epithermal
prospects – potential for bonanza grades
• High-quality ~3,500km2 uranium exploration
portfolio secured in Malawi, Southern Africa
• 75% interest – JV with PT Antam Tbk (25%)
• 7th Generation Contract of Work (CoW)
• Located on highly prospective Sumatran Fault Zone
• 710,000oz resource – Sambung + Sihayo 1 North deposits
• Sihayo 1 North resource update in preparation
• Ongoing drilling programs to define new resources
• Scoping Study to commence Q2 2008
• Outstanding exploration potential – high-grade epithermal system at
Hutabargot Julu
• Drilling completed on Western Extension
• Several significant intersections returned
• Revised resource calculation for Sihayo 1 North to commence late
February 2008
• Scoping Study planned to commence following resource update
• Targeting Mining Feasibility Study in 2008

URANIUM:
• Five quality project areas secured in northern and
central Malawi
• ~3,500km2 ground package
• Proximity to known deposits, eg Kayelekera
(Paladin), Kanyika (Globe Resources)
• Underexplored – significant discovery
opportunities
• Favourable geology
• Initial stream sediment sampling completed –
results awaited
• More sampling and drilling planned
Five strategic exploration projects:
• Chitunde, western Malawi - 196km2 (100%)
• Mzimba Northwest, central Malawi - 2169km2
(100%)
• Chizani, central Malawi - 1283km2 (100%)
• Ngana, northern Malawi - 85km2 (90% under MOU)
• Ngana East, northern Malawi – 200km2 (90%
under MOU)
Emerging uranium region:
• Paladin’s first production to commence Q4 2008 at
Kayelekera uranium deposit (15,670t U3O8)
• Globe Uranium currently conducting Kanyika
Scoping Study for completion in Q2 2008
• Government actively supports the mining industry,
welcomes uranium mining

OTHER ASSETS:
AUSTRALIA
• Golden Valley, WA: (5% free carried, with option to increase to
• 15% participating interest)
• Mt. Keith Gold Project, WA: (2% nett smelter royalty)
INDIA
• Block D-7 Diamond Project: (9% + 9% buyback)+
• Raipur West Diamond Prospect: (10% + 10% buyback)*
• Krishna River Valley Diamond Prospect: (10% + 10% buyback)*
• Krishna River Delta Diamond Prospect: (10% + 10% buyback)*
+ Under current litigation against Chhattisgarh state government
* Pending Approval of Reconnaissance Permits by Andhra Pradesh and
Chhattisgarh state governments


COAL POSSIBLE AQUISITION:
2.3 PROJECT EVALUATION
The Company is continuing to pursue a number of advanced coal opportunities in Indonesia, particularly in
Kalimantan East Kalimantan has become a major world producer of coal in the past 10 years and Oropa is
utilising its considerable knowledge of Indonesia to acquire tenements with the potential to quickly advance
from exploration to production.
Negotiations are currently well advanced on a group of KPs located in East Kalimantan in relatively close
proximity to existing infrastructure. If these negotiations are successful, Oropa will undertake site visits and
complete legal due diligence as a prelude to acquiring an interest in these leases.
From Oropa’s recent experience, the attrition rate on these evaluations is relatively high and a thorough due
diligence and technical appraisal is imperative, prior to entering into any formal commitments to joint venture, or
farmin into these projects. However, the rewards are considered to be worthwhile and these evaluation processes
continue.


VERY SIGNIFICANT ANNOUNCEMNTS THAT HAVE HAD NO IMPACT TO ORP SHARE PRICE July 2007 - February 2008:


ASX ANNOUNCEMENT
24th JULY 2007
OROPA LIMITED GRANTED TWO EXCLUSIVE PROSPECTING LICENCES FOR URANIUM IN
MALAWI
Oropa Limited (“Oropa”) is pleased to announce that the Minister of Energy, Mines and Natural
Resources of the Republic of Malawi (“Malawi”) has granted its wholly owned subsidiary Oropa
Exploration Pty Ltd two Exclusive Prospecting Licences (“EPLs”) for uranium covering the Mzimba
Northwest and Chitunde Projects for a total of 2365 square kilometers.
HIGHLIGHTS
�� The Mzimba Northwest Project area (EPL0212/2007) in the north-central part of Malawi
covers untested radiometric anomalies which are interpreted to offer hydrothermal
uranium exploration targets over elevated basement complex and the possibility of
discovering concealed Karroo-hosted sediments prospective for roll-front style
uranium mineralisation within low-lying areas of residual cover.
�� EPL0211/2007 comprising the Chitunde Project area is situated in the west-central
portion of Malawi and covers a prominent circular airborne radiometric anomaly
measuring some 4 kilometers diameter coincident with a syenite intrusive complex and
is considered to have potential for hydrothermal uranium mineralisation.
EPLO212/2007 – Mzimba Northwest Project
Oropa’s granted Mzimba Northwest EPL0212/2007 is large by current standards and covers an area
of 2169 square kilometers and is situated in the north-central part of Malawi surrounding the
provincial centre of Mzimba and centred approximately 200 kilometres south southwest of the
Kayelekera deposit. EPL0212/2007 has been granted for a period of three years.
The project area is drained by the northerly flowing South Rukuru and Kasitu rivers and covers
diverse topography comprising from west to east: plains with a mean elevation of around 1220 m, a
belt of hills known as the Central Mzimba Hills with general elevations of 1370 m to 1500 m and parts
of the western escarpment of the Vipya Plateau with an average elevation of over 1600 m.
Throughout the project area, inselbergs such as Mt Hora at 1717 m form prominent relief above the
surrounding terrain.
The EPL covers structured metamorphic rocks and a distinctive belt of pegmatites belonging to the
Malawi Basement Complex of Precambrian to Lower Palaeozoic age. These basement rocks are
largely exposed in the southern and southeastern quadrant of the project area along with a small
basin of Karroo sandstones which is interpreted to represent part of a more extensive Karroo
sediment cover which has been largely removed by erosion in elevated areas. Over an extensive
area covering the northwestern quadrant of the project area, low-lying ground is covered by
Quaternary soil and clay deposits which largely mask underlying bedrock. This area of cover offers
exploration potential for concealed Karroo sediment occurrence in fault bounded basins.
Structurally, the area is fractured by northwesterly and northerly trending faults which truncate an
easterly trending fault set. A significant number of the radiometric anomalies within the project area
lie close to some of the more prominent northerly trending fault zones within areas of basement and
radiometric anomalies identified over the western and northwestern plains area which require further
assessment to explain their presence. No records of any ground follow-up of the identified targets
have been found.
The Mzimba Northwest Project area is considered to offer uranium exploration potential for both
hydrothermal uranium targets over areas of exposed basement and the discovery of concealed
Karroo sediments within low-lying areas of residual cover are considered prospective for roll-front
style uranium mineralisation.
EPLO211/2007 - Chitunde Project
The Chitunde Project comprises EPL0211/2007 and covers 196 square kilometers. The EPL has
been granted for a three year period. The project area is situated in the west-central portion of
Malawi, some 86 kilometres west northwest of the capital Lilongwe.
The focus of exploration within the Chitunde Project area is a prominent circular airborne radiometric
anomaly measuring some 4 kilometres in diameter coincident with a syenite intrusive complex which
forms a conspicuous hill mass with relief up to 150 m above surrounding soil covered plains. The
Chitunde complex intrudes metamorphic rocks belonging to the Malawi Basement Complex which in
the vicinity are dominantly metamorphosed equivalents of gabbro and dolerite. Northerly trending
pegmatite dykes are known to intrude portions of the Chitunde complex.
Proposed Exploration
Oropa plans to swiftly move ahead with establishing an exploration base in Lilongwe during the next
couple of months. The company has already identified additional targets from recent field trips to the
country and has submitted four additional EPL applications for the government’s consideration.
During the 3 year period of current tenure, Oropa intends to systematically explore the Mzimba
Northwest and Chitunde project areas. Initially, reassessment of identified radiometric anomalies will
be ranked in order of priority for their prospectivity for uranium occurrence and for subsequent ground
spectrometer surveys. This work will be augmented by geological interpretations of the search areas
using satellite imagery. Priority targets will then be assessed using a combination of soil, rock and
stream sediment surveys in order to outline areas for more intensive exploration. These geochemical
studies will be augmented by geological mapping and ground geophysical surveys. Over areas
warranting detailed assessment, systematic trenching of anomalous areas will ensue followed by
reconnaissance drilling to establish the tenor of mineralisation present both along strike and at depth.
It is envisaged that the highest priority areas of mineralisation with demonstrated economic potential
will be drilled further with infill drilling in order to provide sufficient information to preliminarily assess
resources ahead of more detailed economic assessments.
Oropa is currently reviewing existing data and acquiring satellite imagery covering areas of interest
with a view to establishing a GIS database as part of the preparation for ground investigations.

Uranium Exploration in Malawi
Malawi is an emerging uranium region within Southern Africa with significant recent activity from
several foreign explorers. The Government is actively encouraging mineral exploration in the country
and permits the mining of uranium. Malawi is surrounded by Tanzania, Zambia and Mozambique
and shares similar regional geology to its neighbours. However, the few known mineral occurrences
in Malawi have not been subjected to any modern exploration until the aftermath of Paladin
Resources Ltd’s (“Paladin’s”) decision to undertake a bankable feasibility study on its Kayelekera
Uranium Project in the north of the country. Today, uranium exploration in Malawi reflects a high level
of interest with the planned development of the Kayelekera Uranium Project, where roll-front style
mineralisation is hosted by Karroo sandstone and mudstone sediments. The project is scheduled to
be commissioned in late 2008 with a forecast annual production of 3.3 Mlbs of U3O8 over a mine life
of 7 years based reportedly on proven and probable ore reserves of 10.46 Mt at 0.108% U3O8.
Uranium in Malawi is however not limited to Karroo-hosted deposits.
Globe Uranium Limited is currently exploring multi-commodity uranium-niobium-tantalum-zircon
mineralisation associated with pegmatite veins within alkalic granitoid at the Kanyika Uranium Project
in central Malawi. Recent ground radiometric, soil and rock chip sampling surveys have defined drill
targets which are currently being investigated.
Other uranium mineralisation known in Malawi is based on historical records and includes uranium
and niobium mineralisation hosted by nepheline syenite complex intrusions. In the far northwest of
the country at the Ilomba Hill locality surface trenching in the 1950s investigated a radioactive zone
where rock samples returned analyses up to 2.15% U3O8 and 7.50% Nb2O5 associated with uranian
pyrochlore.
Exploration for uranium in Malawi beyond known deposits is judged to be in its infancy as little
modern exploration has taken place other than for coal and industrial minerals.
Presently, the starting point for area selection for uranium properties in Malawi is the country wide
radiometric surveys conducted in 1984/85 by Hunting Geology and Geophysics Limited based at the
time in the United Kingdom. The uranium anomalies identified by these surveys are the basis for
area selection by Oropa for the two granted EPLs in Malawi.


ASX ANNOUNCEMENT
23rd AUGUST 2007
MORE SIGNIFICANT MINERALISATION INTERSECTED AT PUNGKUT
• Drilling to the west of the Sihayo 1 North Inferred Resource has returned
exciting assay results in three adjacent holes.
Oropa Limited (“Oropa”) is pleased to announce the return of significant assay results from
three holes of a current drilling program in the Sihayo 1 North area of its Pungkut gold
project in Indonesia. Drilling to the west of the Sihayo 1 North resource targeted high grade
out-cropping jasperoid, which averaged 5.8 g/t Au over 43 outcrop and channel chip
samples, and which had not been previously drilled due to the steep topography in the area.
Notable results include:
SHDD081: 32m @ 3.87 g/t Au from 14m.
SHDD085: 15m @ 1.99 g/t Au from 23m.
SHDD087 22m @ 2.87 g/t Au from surface.
This drilling extends the mineralisation 100 metres beyond the known inferred resource and
now that the attitude and orientation of the jasperoids is better understood, further drilling will
be undertaken to delineate the extent of the mineralisation. Drilling is continuing immediately
to the north, to follow up on out-cropping jasperoid to the west of the Sihayo 1 North
resource.
Sihayo 1 North currently contains an Inferred Resource of approximately 610,000oz Au,
which when combined with the nearby Sambung Inferred Resource of 100,000oz Au,
effectively contains approximately 710,000oz Au. The current drilling program is intended to
at least partially increase these combined resources to 900,000 - 1,000,000oz Au. Oropa is
currently investigating options for a pre-feasibility study to establish the viability of bringing
these resources to a mining stage, either via the current drilling program, or via the near term
drilling of other close proximity targets at such as at Hutabargot Julu. These targets have
long been on Oropa’s drilling agenda, but were relegated owing to drilling commitments at
other prospects in both the north and south blocks to more adequately comply with the terms
and conditions of the Pungkut Contract of Work.
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
Table 1: Sihayo 1 North Drill Hole Locations and Mineralised Intersections
Notes
1 All assays were determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2 Lower cut of 0.5ppm Au used
3 A maximumof 2m of consecutive internal waste (material less than 0.5ppm Au) per reported intersection
4 All interval grades were calculated as a weighted average
5 All intervals reported as down hole lengths
6 Sampling regime as quarter core for PQ diameter core and half core for HQ diameter core
7 Quality Assurance and Quality Control (QAQC):
Gold intersections reported have been verified by the company's QAQC protocols, which include routinely
inserted standards. All samples from drill holes are prepared by Intertek - Caleb Brett and pulverised to 90%
passing 75 microns then analysed for gold using Fire Assay methods.



ASX ANNOUNCEMENT
2nd October 2007
SIGNIFICANT GOLD MINERALISATION INTERSECTED AT PUNGKUT
• Drilling to the west of the Sihayo 1 North Inferred Resource has returned
exciting near surface gold mineralisation.
Oropa Limited (“Oropa”) is pleased to announce the return of significant gold assay results
from drilling at its Pungkut gold project in Indonesia.
Current drilling operations are being conducted to the west of the Sihayo 1 North resource to
follow up on high grade out-cropping jasperoid, which averages 7.39 g/t Au over 11 outcrop
and channel chip samples. Drillhole SHDD093, located in the south-eastern portion of that
northwest trending jasperoid unit has intersected the following gold mineralisation:
SHDD093: 19m @ 3.98 g/t Au from 2m.
Drillholes SHDD094 and SHDD095 have similarly intersected northwestern extensions of
that same jasperoid unit but assay results over selected sample intervals are still awaited from
the laboratory. This limited drill program is designed to test and increase the extent of gold
mineralisation west of the Sihayo 1 North Inferred Resource.

Figure 1: Sihayo 1 North drill location plan.
Currently, Sihayo 1 North and Sambung collectively contain Inferred Resources of
approximately 710,000 oz Au. Oropa intends to undertake a pre-feasibility study to establish
the viability of bringing these resources to a mining stage. It has been decided that prior to the
commencement of that pre-feasibility study a phase of exploration drilling should be
completed over this exciting new zone of mineralisation west of Sihayo 1 North, along with
evaluation of the nearby Hutabargot Julu prospect, where recent surface sampling has
returned encouraging assay results.
Table 1: Sihayo 1 North Drill Hole Locations and Mineralised Intersections

Notes
1 All assays were determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2 Lower cut of 0.5ppm Au used
3 A maximum of 2m of consecutive internal waste (material less than 0.5ppm Au) per reported intersection
4 All interval grades were calculated as a weighted average
5 All intervals reported as down hole lengths
6 Sampling regime as quarter core for PQ diameter core and half core for HQ diameter core
7 Quality Assurance and Quality Control (QAQC):
Gold intersections reported have been verified by the company's QAQC protocols, which include routinely
inserted standards. All samples from drill holes are prepared by Intertek - Caleb Brett and pulverised to 90%
passing 75 microns then analysed for gold using Fire Assay methods.



ASX ANNOUNCEMENT
18 October 2007
SIGNIFICANT GOLD MINERALISATION INTERSECTED AT PUNGKUT
• Drilling to the west of the Sihayo 1 North Inferred Resource identifies more
near surface gold mineralisation.
Oropa Limited (“Oropa”) is pleased to announce the return of more significant assay results
from drilling to the west of the Sihayo 1 North Inferred Resource at its Pungkut gold
project in Indonesia:
SHDD094: 10m @ 3.62 g/t Au from 25m
SHDD095: 8m @ 2.17 g/t Au from surface
SHDD094 is located approximately 40m northwest of SHDD093 (19m @ 3.98 g/t Au from
2m, previously reported on 2 October 2007). Drillhole SHDD096, which is situated 100m
to the west of SHDD093 (and 100m from the edge of the current Sihayo 1 North resource)
has also intersected jasperoid. Assay results are pending.
Drilling continues with the objective of outlining the extent of this additional
mineralisation prior to the recalculation of the Sihayo 1 North Inferred Resource which
currently contains approximately 610,000 oz Au.
Preparations are well advanced for the commencement of drilling at the nearby
Hutabargot Julu prospect where epithermal vein targets have been selected on the basis of
the results of recent geological mapping and encouraging gold assays obtained from
channel sampling of old Dutch prospecting tunnels. Drilling is expected to commence in
late October.

Figure 1: Sihayo 1 North drill location
Oropa intends to assess the viability of bringing the Sihayo 1 North and Sambung
Inferred Resources (currently totalling approximately 710,000 ounces Au) to a mining
stage after the completion of the current Sihayo 1 North drilling program and drill testing
of Hutabargot Julu.
Table 1: Sihayo 1 North Drill Hole Locations and Mineralised Intersections
Hole No. Local N Local E Azimuth Dip Total
Depth
From To M Au g/t
SHDD094 10120 54700 40 -70 63.2 14 22 8 1.02
25 35 10 3.62
Including 29 32 3 8.5
38 39 1 1.28
SHDD095 10070 54700 40 -70 50 0 8 8 2.17
Including 5 7 2 4.27
39.3 40.3 1 0.79

Notes
1 All assays were determined by 50gm fire assay with AAS finish by Intertek-Caleb Brett Laboratories of Jakarta
2 Lower cut of 0.5ppm Au used
3 A maximum of 2m of consecutive internal waste (material less than 0.5ppm Au) per reported intersection
4 All interval grades were calculated as a weighted average
5 All intervals reported as down hole lengths
6 Sampling regime as quarter core for PQ diameter core and half core for HQ diameter core
7 Quality Assurance and Quality Control (QAQC):
Gold intersections reported have been verified by the company's QAQC protocols, which include routinely
inserted standards. All samples from drill holes are prepared by Intertek - Caleb Brett and pulverised to 90%
passing 75 microns then analysed for gold using Fire Assay methods.


ASX ANNOUNCEMENT
19 November 2007
ACQUISITION OF 90% INTEREST IN TWO STRATEGIC URANIUM
EXPLORATION PROJECTS NEAR TO KAYELEKERA IN MALAWI
HIGHLIGHTS
• Oropa to enter into Joint Ventures to acquire 90% interests in two
contiguous project areas, located 20km north of Paladin Resources Ltd’s
Kayelekera uranium deposit.
• Project areas cover highly prospective Karroo sediments, geologically
analogous to the mineralisation at the Kayelekera deposit (10.46 Mt at
0.108% U3O8).
• Oropa rapidly acquiring strategic landholdings in Malawi, with two granted
Exclusive Prospecting Licences (Mzimba Northwest and Chitunde) and
another (Chinzani) under ministerial consideration.


SUMMARY
Diversified exploration company Oropa Limited – (ASX: ORP – “Oropa”) is pleased to
announce that it has entered into arrangements to secure a 90% interest in two contiguous
uranium exploration projects located 20km north of Paladin Resources Ltd’s (“Paladin’s”)
Kayelekera uranium deposit in northern Malawi, southern Africa.
The project areas, which are considered to be highly prospective for roll-front style uranium
mineralisation based on an analogous geological setting to the nearby Kayelekera deposit,
represent a strategic addition to Oropa’s international exploration portfolio.
The Company’s 100% owned subsidiary, Oropa Exploration Pty Ltd (“OEPL”), has executed
Memorandum of Understandings (“MOUs”) with the owners of the two granted Exclusive
Prospecting Licences (“EPLs”) for uranium and other minerals except coal covering Karroo
sediments to the north of the Kayelekera deposit.
The MOUs cover the Ngana (EPL0133) and Ngana East (EPL0183) Project Areas which
collectively cover an area of some 285 square kilometres.
Under the terms of the MOUs, OEPL is to incorporate two independent Malawian joint venture
companies (“JVCs”), with OEPL holding a 90% shareholding in each JVC. The current holders’
10% interests are free carried with each having the option to buyback up to a 20% contributing
interest from OEPL at cost in each JVC up until 1 month after the commencement of a Feasibility
Study undertaken by either of the JVCs.
Immediately after incorporation, the JVCs will apply to the Malawian Government for the
exploration rights to uranium and/or other minerals (excluding coal) within the respective EPLs.
Uranium exploration in Malawi currently reflects the high level of interest in the development of
the Kayelekera Uranium Project in the north of the country, which is scheduled to be
commissioned in late 2008 with planned annual production of 3.3 Mlbs of U3O8 over a mine life of
7 years, based on Proven and Probable Ore Reserves of 10.46 Mt at 0.108% U3O8.
Upon the granting of the other mineral rights to each JVC, OEPL will have acquired the
exploration rights to significant portfolio of strategic landholdings in Malawi, which host some of
the most actively explored sedimentary uranium provinces in southern Africa and which will
position OEPL as a leading Uranium explorer in the country.
Roll-front style uranium mineralisation in northern Malawi is associated with basin structures
containing Karroo sediments. The Kayelekera roll-front uranium deposit is hosted by Karroo
sandstone and mudstone sediments typical of the mineralisation in the region.
The more favourable setting for uranium mineralisation is carbonaceous units which occur in the
upper part of repetitious sequences of arkose (sandstone) beds.

At Ngana and Ngana East, the faulted Karroo sedimentary succession includes basal beds and
coal measures, succeeded by North Rukuru sandstone and mudstone sediments covering a
similar lithological setting to the nearby Kayelekera district.
Previous and current mineral exploration over the Ngana and Ngana East Project areas has
been focused on coal. No previous uranium exploration has been undertaken over the project
areas.
A starting point for target definition for uranium exploration in Malawi has been a country-wide
radiometric survey conducted in 1984/85 by Hunting Geology and Geophysics Limited, which
was based at the time in the United Kingdom. Despite the proximity of the Ngana and Ngana
East Project Areas to the Kayelekera Uranium Project, these project areas were not covered by
this survey and therefore offer a significant untested Karroo sedimentary environment for rollfront
style uranium mineralisation in northern Malawi.

Oropa is currently conducting due diligence field visits to the Ngana and Ngana East
Project Areas as the basis for formulating a sequential exploration program aimed at
defining prospective targets for uranium occurrence.


ASX ANNOUNCEMENT
28 November 2007
FURTHER ENCOURAGING DRILL RESULTS
UPGRADE SIHAYO 1 NORTH POTENTIAL AT GOLD PROJECT
HIGHLIGHTS
• Drilling at Sihayo 1 North confirms potential extensions of mineralisation to the west
of the known inferred Resource.
• Drilling has continued further to the west with results from two additional drill holes
pending.
• Results to be incorporated into a revised Sihayo 1 North resource estimate to be
completed in early 2008, leading into a scoping study.
Diversified exploration company Oropa Limited (ASX: ORP – “Oropa”) is pleased to announce that it
has received further significant assay results from the current drilling program at Sihayo 1 North, its
Pungkut gold Project in Indonesia.
The drilling to the west of the Inferred Resource at Sihayo 1 North is targeting high grade out-cropping
jasperoid to establish the potential to increase the resource base in this direction. Currently, the Sihayo
1 North and Sambung deposits at Pungkut collectively contained Inferred Resources of approximately
710,000 ounces.
Recently completed holes SHDD096 and SHDD097 indicate that jasperoid continues to the north-west
from mineralisation previously encountered in the previously reported holes SHDD094 and SHDD095.
Best results include:
SHDD096: 17.55m @ 1.82 g/t Au from surface
2m @ 1.48 g/t Au from 19m
SHDD097: 6m @ 3.66 g/t Au from 1m
13m @ 1.53 g/t Au from 15m
SHDD098 : 6m @ 2.15 g/t Au from surface

The results from SHDD089 contain gold in regolith material. Drill hole locations and intersections are
shown in Figure 1 and Table 1 attached.
Drilling has also continued further to the west with results still pending for holes SHDD099 and
SHDD100. The current hole (SHDD101) is designed to test the continuity of the mineralisation along
strike between SHDD096 and the known Inferred Resource, for which results are also still pending.
Drilling at Sihayo 1 North has focused on previously untested jasperoid outcrop. The results of this
drilling program will be incorporated into a revised Sihayo 1 North resource estimate to commence in
early 2008.
Once the updated resource estimate is completed, the Company intends to commence a scoping study
to establish the viability of bringing these resources to a mining stage. The Pungkut Gold Project is
located 70km south of Oxiana Ltd’s 6 million ounce Martabe gold deposit(s) in North Sumatra.
The continued success of Oropa’s drilling programs at Pungkut further enhance its international mineral
project portfolio, which has recently been significantly expanded through the acquisition of uranium
exploration interests in Malawi.
Figure 1: Sihayo 1 North drill location plan.

Table 1: Sihayo 1 North Drill Hole Locations and Mineralised Intersections
Notes
1 All assays were determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2 Lower cut of 1.0 ppm Au used
3 A maximum of 2m of consecutive internal waste (material less than 1.0 ppm Au) per reported intersection
4 All interval grades were calculated as a weighted average
5 All intervals reported as down hole lengths
6 Sampling regime as half core for PQ diameter core and half core for HQ diameter core
7 Quality Assurance and Quality Control (QAQC):
Gold intersections reported have been verified by the company's QAQC protocols, which include routinely
inserted standards. All samples from drill holes are prepared by Intertek - Caleb Brett and pulverised to 90%
passing 75 microns then analysed for gold using Fire Assay methods
8 Coordinates in Sihayo Local Grid.


ASX ANNOUNCEMENT
15 January 2008
FURTHER ENCOURAGING GOLD HITS
STRENGTHEN POTENTIAL SIHAYO 1 NORTH RESOURCE
EXTENSIONS
HIGHLIGHTS
• Drilling at Sihayo 1 North continues to confirm western extensions of known
mineralisation.
• Latest results include an excellent intersection of 22m @ 3.96g/t Au from surface.
• Results from two additional drill holes currently awaited.
• Excellent potential to increase current Inferred Resource base totalling 710,000oz
– work to commence on upgraded resource in February 2008.
• Sihayo North 1 rig relocated to Hutabargot Julu Prospect with two rigs now
operational at this large epithermal gold system.
Further to its announcement of 28 November 2007, diversified exploration company Oropa
Limited (ASX: ORP) is pleased to advise that it has received further significant gold assay
results from the current resource extension drilling program at the Sihayo 1 North deposit at its
75% owned Pungkut Gold Project in Indonesia.
The drilling to the west of the current Inferred Resource at Sihayo 1 North is targeting outcropping
jasperoid to potentially increase the resource base in this direction. Currently, the
Sihayo 1 North and Sambung deposits at Pungkut collectively contain Inferred Resources of
approximately 710,000 ounces.
The latest results include:
SHDD100: 7m @ 1.33 g/t Au from surface
SHDD101: 3m @ 2.59 g/t Au from 7m
SHDD103: 22m @ 3.96 g/t Au from surface

Hole SHDD101 tested the continuity along the section between the current resource extension
drill program and the previous Sihayo 1 North drilling (see Fig.1). The significant mineralisation
intersected in this hole (3m @ 2.59g/t Au) joins together with the mineralisation intersected in
hole SHDD096, as announced on 28 November 2007, (17.55m @ 1.82g/t Au from surface), and
previous drill hole SHDD061 (2m @ 4.20ppm Au from surface, 2m @ 6.65ppm from 5m, 19m @
5.84ppm from 28m).
Drilling approximately 250 metres grid south of SHDD101 in hole SHDD103 assays returned an
exciting gold intersection of 22m @ 3.96g/t Au from surface. This result demonstrates continuity
with the nearest drill hole, SHDD081, located some 56 metres to grid north, which returned 26m
@ 4.47g/t Au from 18m, and SHDD087, 36 metres to grid east, which returned 9m @ 3.47g/t
Au from surface and 9m @ 3.21g/t Au from 12m.
This area alone has the potential to significantly increase the current Inferred Resource at
Sihayo North 1.
Holes SHDD099 and SHDD100 were drilled to determine the extent of the mineralisation to the
west of the known resource (see Fig.1). While hole SHDD099, which did not return any
significant results, appears to close off the mineralisation in a south-westerly direction, hole
SHDD100, together with the significant results from previously announced hole SHDD098 (6m
@ 2.15g/t Au from surface), demonstrates that the mineralisation continues to the north-west.
This mineralisation is anticipated to be truncated by topography further again to the west, which
is supported by data obtained from test pits previously dug in this area.
Assay results are still pending for holes SHDD104 and SHDD105, the final two holes in the
recent drilling program at Sihayo 1 North. The diamond drill rig has recently been mobilised to
the Sunday Vein at the Hutabargot Julu prospect where it joins the first diamond drilling rig
currently operating on the Sarahan Vein.
This preliminary drilling program at Hutabargot Julu is intended to define the geometry and
orientation of the veins before drilling targets bonanza mineralisation in this very large epithermal
vein system.
All new drill hole collar locations at Sihayo 1 North are currently being accurately surveyed. The
database is undergoing validation in preparation for the revised resource estimate, which is
scheduled to commence in mid-February 2008. Once the updated resource estimate is
completed, the Company intends to initiate a Scoping Study to establish the viability of bringing
the Sihayo 1 North and Sambung resources to a mining stage.
The Pungkut Gold Project is located 70km south of Oxiana Ltd’s 6 million ounce Martabe gold
deposit(s) in North Sumatra and represents a significant strategic exploration and development
opportunity for Oropa, particularly in the current strong gold market environment.
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
Figure 1: Sihayo 1 North drill location plan.
Table 1: Sihayo 1 North Drill Hole Locations and Mineralised Intersections
Notes
1 All assays were determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2 Lower cut of 1.0 ppm Au used
3 A maximum of 2m of consecutive internal waste (material less than 1.0 ppm Au) per reported intersection
4 All interval grades were calculated as a weighted average
5 All intervals reported as down hole lengths
6 Sampling regime as half core for PQ diameter core and half core for HQ diameter core
7 Quality Assurance and Quality Control (QAQC):
Gold intersections reported have been verified by the company's QAQC protocols, which include routinely
inserted standards. All samples from drill holes are prepared by Intertek - Caleb Brett and pulverised to 90%
passing 75 microns then analysed for gold using Fire Assay methods.



ASX ANNOUNCEMENT
23 January 2008
URANIUM PORTFOLIO EXPANDS AS OROPA SECURES
THIRD MALAWI PROSPECTING LICENCE
KEY POINTS
• 1,283km2 Chizani Exclusive Prospecting Licence Granted.
• Significant recent activity from foreign uranium explorers with nearby projects
including Globe Uranium Limited and Paladin Energy Limited.
• Project area covers untested radiometric anomalies which are interpreted to offer
hydrothermal uranium exploration targets over elevated basement complex.
• Exploring for uranium and other specified minerals including copper, gold, silver,
niobium, rare earths, tantalum, scheelite and wolframite
• Substantially expands Oropa’s existing uranium portfolio, positioning the company
as a significant uranium explorer.
Oropa Limited (ASX: ORP – “Oropa”) is pleased to announce that it has secured a significant
addition to its uranium exploration portfolio in central Africa after being granted a third Exclusive
Prospecting Licence (EPL) covering a total area of 1,283 square kilometres in the Chizani area
of central Malawi, located near Globe Uranium Limited’s Kanyika Project, (“Globe’s”).
The grant of the EPL, to Oropa’s 100%-owned subsidiary, Oropa Exploration PL, was announced
by the Minister of Energy, Mines and Natural Resources of the Republic of Malawi, giving Oropa
the right to explore for uranium and other specified minerals including copper, gold, silver, niobium,
rare earths, tantalum, scheelite and wolframite within the Chizani Project Area.
The addition of Chizani to the Company’s existing portfolio of 100%-owned exploration projects
(Mzimba Northwest and Chitunde) increases its total ground position to over 3,600 square kilometres.
In November last year, Oropa entered into Memorandum of Understandings to acquire a 90% interest
in two contiguous EPLs, Ngana and Ngana East, located just 20km north of Paladin Energy Ltd’s
(“Paladin’s”) Kayelekera Uranium deposit in northern Malawi. The Ngana EPLs represent a significant
strategic addition to its uranium exploration portfolio.

The proximity of the Chizani EPL to the nearby Kanyika Project, owned by Globe, provides Oropa with
a nearby uranium-niobium-tantalum deposit model to apply to exploration search parameters within
the Chizani area. Globe currently has intensive resource definition drilling programs underway at
Kanyika, with assay results awaited.
Collectively, Oropa’s tenement portfolio in Malawi offers uranium exploration potential for a number of
uranium deposit types in specific geological environments including: roll-front, unconformity and
hydrothermal styles of uranium mineralisation.
EPL0223/07 – Chizani Project Area
Chizani is situated in central Malawi nearby Globe’s multi-commodity Kanyika property, where RC
and core drilling of uranium-niobium-tantalum-zircon mineralisation hosted by alkalic granitoid and
pegmatitic zones is presently taking place ahead of resource estimation and metallurgical studies.
Recently granted tenements in the district are also held by CC Mining SA.
Chizani covers 1283 square kilometres of structurally complex Malawi Basement Complex
composed of metamorphic rocks of both igneous and sedimentary origin belonging to the
Mozambique Orogenic Belt of Precambrian to Lower Palaeozoic age. A significant structural
feature of the Chizani Project area is coverage of over 30 kilometres strike length of the Chimaliro
Fault zone. This fault forms the southern boundary of the Champhira Dome and extends into
neighbouring Zambia.
Physiographically, the project area may be divided into several units. The most prominent of these
include the Kasungu Plain that forms an area of low relief in the western sector and to the
northeast abuts the Nkhotakota Scarp Zone where relief exceeds 300 metres in a region of deep
dissection. Over northern parts of the project the rugged Viphya Mountains dominate with areas of
high relief.
EPLO223/07 covers highly structured metamorphic rocks forming basement represented by
gneisses, granulites, schists, quartzites, and mylonites. Granitoid and biotite gneisses are common
within the project area. Intrusive rock types include pegmatites and metamorphosed equivalents
of mafic and ultramafic rocks. Regionally, quartz syenites, lamprophyres and calc-silicate gneisses
interbanded with marble have been identified (see Fig. 1.)
The basement complex is believed to have suffered two major structural and metamorphic events
ending with the emplacement of the Champhira Dome as a tectonic wedge. Major post basement
complex structuring comprises uplift and rift faulting. The majority of the faulting is on north and
northeast trends but subsidiary fractures occur on east northeast trends.
Known previous ground exploration over Chizani appears to have been limited to a regional
geochemical stream sediment survey conducted as part of a development programme for Malawi
conducted intermittently during the 1960s and early 1970s.

Published information reports a zinc geochemical anomaly associated with the granitoid over the
northern sector of the project area, together with anomalous copper, nickel and chromium values
over the Champira Dome area – a portion of which falls within Chizani north of the Chimalira
Fault. Unfortunately, the historical geochemical surveys excluded analysis for gold and uranium.
Figure 1 – Chizani Geological Setting
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
Further information on the general prospectivity of Chizani is available from the UNDP-sponsored
airborne radiometric survey of the area in 1984/85. A significant number of radiometric anomalies
are evident within the property from this work which warrant further investigation and ranking for
ground follow-up (see Fig. 2.).
Figure 2 – Chizani Radiometric Contours Uranium

The proximity of Chizani to the nearby Kanyika Project provides Oropa with a nearby uraniumniobium-
tantalum deposit model to apply to exploration search parameters within the Chizani area.
Proposed Exploration
Oropa plans to systematically explore Chizani for uranium and other minerals, commencing with a
reassessment of the identified radiometric anomalies which will be ranked in order of priority for
their prospectivity for uranium occurrences and subsequent ground spectrometer surveys.
This work will be augmented by geological interpretations of the search areas using satellite
imagery. Priority targets will then be assessed using a combination of soil, rock and stream
sediment surveys in order to outline areas for more intensive exploration. These geochemical
studies will be augmented by geological mapping and ground geophysical surveys.
Over areas warranting detailed assessment, systematic trenching of anomalous areas will be
undertaken followed by reconnaissance drilling to establish the tenor of mineralisation present both
along strike and at depth. It is envisaged that highest priority areas of mineralisation with
demonstrated economic potential will be tested first by reconnaissance and in-fill drilling in order to
provide sufficient information for a preliminary assessment of resource potential present prior to
making a more detailed assessment.
Currently, Oropa is reviewing existing data and plans to acquire satellite imagery covering areas of
interest with a view to establishing a GIS database as part of the preparation for ground
investigations.
Oropa has established a base in Lilongwe and field operations are planned to recommence after
the end of the wet season, which normally ends in late March.
Uranium Exploration in Malawi
Uranium exploration in Malawi presently reflects the high level of interest in the development of the
Kayelekera Uranium Project in the north of the country by Paladin. The Kayelekera Uranium
Project, where roll-front style mineralisation is hosted by Karroo sandstone and mudstone
sediments, is scheduled to be commissioned in late 2008 with a planned annual production of 3.3
Mlbs of U3O8 over a mine life of 7 years based on reported Proven and Probable Ore Reserves of
10.46 Mt at 0.108% U3O8.
Uranium in Malawi is however not limited to Karroo-hosted deposits.

Globe is currently exploring multi-commodity uranium-niobium-tantalum mineralisation associated
with 5 northerly trending stacked mineralised zones within an alkalic granitoid at the Kanyika
Project in central Malawi. Results from recent drilling programmes indicate that the known
mineralisation at Kanyika extends over a strike length of up to 3.4 kilometres with known depth
extensions from surface of up to 150 metres. Globe has announced that a JORC compliant
resource estimate for a portion of the Kanyika Project is currently being undertaken which is
scheduled to be completed in the first quarter of 2008.
Some of the better reported RC drilling intercepts from three of the five mineralised zones at the
Kanyika deposit include: 42m @ 79ppm U3O8, 2,922ppm Nb2O5 and 115ppm Ta2O5 from surface,
71m @ 63ppm U3O8, 2,673ppm Nb2O5 and 125ppm Ta2O5 from 46m and 27m @106ppm U3O8,
2,829ppm Nb2O5 and 166ppm Ta2O5 from 51m.
Other known uranium mineralisation in Malawi is based on historical records and includes uranium
and niobium mineralisation hosted by nepheline syenite complex intrusions. In the far northwest of
the country at the Ilomba Hill locality, surface trenching in the 1950s investigated a radioactive
zone where rock samples returned analyses up to 2.15% U3O8 and 7.50% Nb2O5 associated with
uranian pyrochlore.
The starting point for area selection for uranium properties in Malawi is the country-wide
radiometric surveys conducted in 1984/85 by Hunting Geology and Geophysics Limited based at
the time in the United Kingdom. The uranium anomalies and geological settings identified by those
surveys are the basis for Oropa’s selection of the Chizani area.


ASX ANNOUNCEMENT
30 January 2008
FURTHER SIGNIFICANT GOLD HITS
CONCLUDE WEST EXTENSION DRILLING
AT SIHAYO 1 NORTH
HIGHLIGHTS
• Latest drilling completed on Sihayo 1 North western extension (Pungkut Gold Project,
Indonesia).
• Results include an excellent intersection of 22.75m @ 4.84g/t Au from 41m.
• Excellent potential to increase current Inferred Resource totalling 710,000oz – work to
commence on upgraded resource in February 2008.
• Two rigs now operational at Hutabargot Julu Prospect targeting a large epithermal
gold system.
Further to its announcement of 15 January 2007, diversified exploration company Oropa Limited
(ASX: ORP) is pleased to advise that it has received further significant gold assay results from the
current resource extension drilling program at the Sihayo 1 North deposit at its 75%-owned Pungkut
Gold Project in Indonesia.
The diamond drilling to the west of the current Inferred Resource at Sihayo 1 North has been
targeting out-cropping jasperoid to potentially increase the resource base in this direction. Currently,
the Sihayo 1 North and Sambung deposits at Pungkut collectively contain Inferred Resources of
approximately 710,000 ounces.
The best results from the final two diamond drill holes of the recently completed resource extension
drilling program are:
SHDD104: 22.75m @ 4.84 g/t Au from 41m
SHDD105: 2 @ 6.38 g/t Au from 2m

SHDD104 tested the down-dip extension 50m east of SHDD081, which returned 26m @ 4.47g/t AU from
18m. SHDD104 returned several significant intersections including 22.75m @ 4.84 g/t Au confirming the
continuity, thickness and grade of the mineralisation in this area (see Figure 1).
Lateral continuity of the orebody has also been confirmed to the south with SHDD085 (15m @ 1.99 g/t Au)
and to the southwest in SHDD087 (22m @ 2.87 g/t).
SHDD105, which was an exploratory hole located further to the south and designed to test the southernmost
extent of mineralisation, returned 2m @ 6.38 g/t Au in jasperoid at the base of regolith. Hole SHDD105
completed the current drilling program at Sihayo 1 North and the diamond drill rig was mobilised to the
Sunday Vein at the Hutabargot Julu prospect where it joins the first diamond drilling rig currently operating on
the Sarahan Vein.
This preliminary drilling program at Hutabargot Julu is intended to define the overall geometry and orientation
of the veins before drilling targets bonanza mineralisation within this very large epithermal vein system.
All new drill hole collar locations at Sihayo 1 North are currently being accurately surveyed. The database is
undergoing validation in preparation for the revised resource estimate, which is scheduled to commence in
mid-February 2008. Once the updated resource estimate is completed, the Company intends to initiate a
Scoping Study to establish the viability of bringing the Sihayo 1 North and Sambung resources to a mining
stage.
Figure 1: Sihayo 1 North drill location plan.

Table 1: Sihayo 1 North Drill Hole Locations and Mineralised Intersections
Notes
1 All assays were determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2 Lower cut of 1.0 ppm Au used
3 A maximum of 2m of consecutive internal waste (material less than 1.0 ppm Au) per reported intersection
4 All interval grades were calculated as a weighted average
5 All intervals reported as down hole lengths
6 Sampling regime as half core for PQ diameter core and half core for HQ diameter core
7 Quality Assurance and Quality Control (QAQC):
Gold intersections reported have been verified by the company's QAQC protocols, which include routinely
inserted standards. All samples from drill holes are prepared by Intertek - Caleb Brett and pulverised to 90%
passing 75 microns then analysed for gold using Fire Assay methods
8 Coordinates in Sihayo Local Grid.


QUARTERLY REPORT
For three months ending 31 December 2007
HIGHLIGHTS
PUNGKUT GOLD PROJECT, INDONESIA (75%)
�� Significant results received from resource extension drilling at Sihayo 1 North deposit, with best
results including:
�� 22.75m @ 4.84g/t Au from 41m
�� 22m @ 3.96g/t Au from surface
�� 6m @ 2.15g/t Au from surface
�� 6m @ 3.66g/t Au from 1m
�� 17.55m @ 1.82g/t Au from surface
�� Revised resource calculation for Sihayo 1 North to commence in February 2008.
�� Excellent potential to increase current 710,000oz resource base (Sihayo 1 North and Sambung).
�� Drill testing commenced at Hutabargot Julu targeting gold in extensive epithermal quartz vein
systems.
MALAWI – URANIUM EXPLORATION
�� Chizani Project granted covering an area adjacent to Globe Uranium Ltd’s Kanyika uranium project.
�� Central African uranium portfolio further expanded following MOU’s covering two EPLs to the north
of Paladin Energy Limited’s world-class Kayelekera uranium project.
�� Stream sediment and rock chip sampling programs commence at Mzimba Northwest and Chitunde
Projects.
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2 www.oropa.com.au
1. CORPORATE
At the Company’s Annual General Meeting which was convened on 28 November 2007, all resolutions as set
out in the Notice of Meeting were carried with the required majorities.
On 28 November 2007, the Company’s directors announced that a meeting of shareholders was to be convened
at a date to be fixed to consider and if thought fit, to pass a resolution for the Company to issue up to 13,280,376
new options, each at an issue price of $0.002 per new option and expiring on 31 January 2011 (“2011 Options”)
to those persons recorded as holders of unexercised options that expired on 31 December 2007. A Notice of
Meeting is currently being prepared.
If this resolution is passed, the Company will offer the holders of the expired 31 December 2007 options and
those who accept the offer will be issued with the 2011 Options. The Company’s directors reserve the right to
issue the shortfall to allottees no later than 3 months from the date of the shareholders meeting.
2. REVIEW OF OPERATIONS
2.1 INDONESIA
Pungkut Gold Project, Sumatra (75%)
A major resource extension drilling program completed during the Quarter generated encouraging results at the
Sihayo 1 North deposit, prompting Oropa to undertake a revised resource calculation which is scheduled to
commence in February 2008. Once this revised resource estimate is completed, Oropa intends to undertake to a
mining scoping study on the combined resources at Sihayo 1 North and Sambung with a view to advancing the
Pungkut Project to the development stage.
The Company’s exploration focus has now moved to the Hutabargot Julu prospect, centred approximately 6
km south-east of Sambung, where drilling is currently underway targeting parallel sets of epithermal quartz veins
interpreted to be up to 3km in length.
Figure 1: Pungkut project area North Sumatra, showing principal prospects
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3 www.oropa.com.au
Activities – Northern Block:
Sihayo 1 North:
�� 7 diamond drill holes (520.95m) completed.
�� Drilling completed to the west of the existing Inferred Resource.
Hutabargot Julu:
�� 10 diamond drill holes completed (1,025.6m, Sarahan & Sunday veins).
�� Rock sampling and mapping of epithermal quartz veins exposed in historic Dutch exploration
tunnels on the Sarahan and Sunday veins.
�� Rock-chip and hand auger soil sampling at the Sihorbo vein.
Figure 1: Sihayo – Sambung – Hutabargot Julu gold trend, North Block, Pungkut Project
Sihayo 1 North
A drilling program was completed during the Quarter to the west of the Sihayo 1 North Inferred Resource
targeting high grade outcropping jasperoid. This program has returned significant gold intersections from most
holes drilled, which are summarised in Table 1 and include:
SHDD096: 17.55m @ 1.82 g/t Au from surface
SHDD097: 6m @ 3.66 g/t Au from 1m
13m @ 1.53 g/t Au from 15m
SHDD098: 6m @ 2.15 g/t Au from surface
SHDD100: 7m @ 1.33 g/t Au from surface
SHDD101: 3m @ 2.59 g/t Au from 7m
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4 www.oropa.com.au
SHDD103: 22m @ 3.96 g/t Au from surface
6m @ 1.45 g/t Au from 25m
SHDD104: 22.75m @ 4.84 g/t Au from 41m
SHDD105: 2m @ 6.38 g/t Au from 2m
The Sihayo 1 North and the nearby Sambung prospects are currently estimated to contain a total of 8.2 Mt @ 2.7 g/t
Au for 710,000 oz Au. Based on the encouraging results returned from the recent drilling, the Company considers
that there is strong potential to add to these inferred resource ounces. A mining Scoping Study will be required to
fully evaluate the economic potential of the Pungkut Project, particularly taking into account the current gold
prices. Oropa is currently evaluating options to commission this study.
In preparation for the Scoping Study, the Sihayo 1 North resource will be recalculated to reflect the additional
mineralisation encountered in close proximity to the current resource outline (7.1Mt @ 2.7 g/t Au for 610,000 oz
Au), which was last calculated in early 2004.
All drill collars are currently being surveyed, there has been a fresh geological interpretation and updating and
improvements to the existing Sihayo 1 North digital database. The upgraded database and quality controls are
currently being validated, and a digital terrain model (DTM) is being created for the Sihayo area. Resource
modelling, which is scheduled to commence late in February, has been contracted to a specialist independent
firm.
Table 1: Sihayo 1 North significant drill results
Notes
1. All assays determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2. Lower cut of 1.0ppm Au used
3. A maximum of 2m of consecutive internal waste (material less than 1.0ppm Au) per reported intersection
4. All interval grades were calculated as a weighted average
5. All intervals reported as down hole lengths
6. All drilling diamond core predominantly of PQ diameter
7. Sampling regime as quarter core for PQ diameter core and half core for HQ diameter core
8. Quality Assurance and Quality Control (QAQC):
9. Coordinates in local Sihayo 1 North grid system
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5 www.oropa.com.au
Figure 2: Sihayo 1 North drill location plan
Test pits, which were previously dug to the north-west of the existing resource boundary to assist with the
planning of the recent drilling program, also returned some positive results. These test pits confirm the presence
of extensive regolith gold throughout this area, which must now be considered as a potential drill target,
because it may overlie further concealed jasperoid. Figure 3 shows the locations of these test pits in relation to
the drill holes; best results include:
Test Pit B: 1m @ 4.43 g/t Au from surface
Test Pit H: 4m @ 3.07 g/t Au from 1m,
including 7.09 g/t Au grab sample from 2-4m
Test Pit D: 4m @ 1.73 g/t Au from surface
Test Pit F: 1m @ 2.16 g/t Au from surface
6.19 g/t Au grab sample
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6 www.oropa.com.au
Figure 3: Sihayo 1 North Test Pit Locations
Hutabargot Julu
Hutabargot Julu is located at the south-eastern end of the Sihayo-Sambung gold trend (Figure 1). Epithermal
veining occurs in Miocene volcanics which overlie Permian sedimentary-volcanic basement. The presence of
gold mineralisation in jasperoid at the nearby Dolok prospect, which lies to the north in an erosion window of
underlying Permian rocks, demonstrates the continuity from Permian to Miocene and jasperoid to epithermal
veins. The extent and thickness of veining indicates a very large hydrothermal system, both in terms of strike
length and depth.
Hutabargot Julu was selected as an exploration priority due to the gold mineralisation potential of sub-parallel
north-south striking epithermal quartz vein zones up to 3km in length, as well as its proximity to Sihayo and
Sambung on the same ridge, enhancing its strategic value as a potential supplementary resource for a centrally
located treatment plant. Exploratory diamond drilling commenced during the December Quarter.
The vein system is interpreted as being mid-sulphidation epithermal, with upper level exposure interpreted from
predominantly chalcedonic quartz textures observed in outcrops and exposures in shallow historic Dutch
exploration tunnels. The system is interpreted to be preserved in almost its entirety, with potential for substantial
high-grade gold accumulation(s) at depth. Epithermal quartz vein systems require careful and systematic
exploration, as barren or low grade quartz veins often overlie economic grade gold mineralisation which is
typically located in high grade shoots separated by low grade veining along strike.
Oropa has committed to a comprehensive drilling program to test the vein systems at depth to evaluate their full
potential. This includes near surface drilling beneath outcropping veins to determine their strike orientation and
dip to facilitate drill targeting for following up of the structures at depth.
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7 www.oropa.com.au
At this early stage, most of the drilling has been focussed on the Sarahan vein, which has produced the most
consistent surface and adit sampling results, including numerous 1-2 g/t Au rock and channel chip samples,
together with some higher grade results up to 27.1 g/t Au. However, from work undertaken to date, it appears
that this vein is not continuously mineralised.
The first phase of the program has shown that the Sarahan vein dips consistently at around 60º to the west, with a
strike dip of 170º, and vein-zone thickness of 2-12 metres. Veining consists of massive silicification, dogstooth
quartz and calcite veining, and minor adularia. A halo of hydrothermal brecciation flooded with silica and quartz
stockwork is common in wallrock surrounding the veins. Drilling to date has only explored to depths similar to
those of the deepest Dutch exploration adits. Additional deeper holes such as HUTDD010 (in progress) are
testing nearly 100 metres vertically down-dip, probing for bonanza grade mineralisation. All seven drill holes
from which results are available have intersected reportable gold mineralisation, including:
HUTDD001: 6m @ 2.07 g/t Au from 16m
HUTDD002: 2m @ 2.67 g/t Au from 20m
HUTDD004: 3m @ 2.66 g/t Au from 48m
1m @ 8.61 g/t Au from 64m
HUTDD007: 5m @ 2.12 g/t Au from 23m
including 1m @ 5.81 g/t Au from 25m
The second rig from Sihayo 1 North has recently commenced drilling at the Sunday vein, where three drill holes
are planned to test the vein orientation and for continuity of mineralisation beneath mineralised outcrop, which
grades up to 3.83 g/t Au in rock chip samples.
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8 www.oropa.com.au
Figure 4: Hutabargot Julu Drill Location Plan
Concurrently with drilling, surface work for the area includes continued mapping and sampling of the extensive
Dutch exploration adits in the Sunday vein area, along with a soil auger grid and surface rock-chip sampling
program in the Sihorbo vein area to identify the strongest geochemical anomalism prior to drill target selection.
Recent outcrop sampling of newly discovered vein sets has returned some exciting results, including:
Sarahan Creek 400m west and sub-parallel to Sarahan Vein:-
• 61.0 g/t Au & 149 g/t Ag from 1m wide silicified breccia with pyrite and chalcopyrite
• 2.18 g/t Au in adjacent vuggy quartz vein with manganese
Siborok Creek east of Sarahan Vein:-
• 7.18 g/t Au & 216 g/t Ag from a 2m quartz vein breccia with trace sphalerite, galena and chalcopyrite
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9 www.oropa.com.au
Table 2: Hutabargot Julu Significant Drill Intersections
Notes
1. All assays determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2. Lower cut of 1.0ppm Au used
3. A maximum of 2m of consecutive internal waste (material less than 1.0ppm Au) per reported intersection
4. All interval grades were calculated as a weighted average
5. All intervals reported as down hole lengths
6. All drilling diamond core predominantly of PQ diameter
7. Sampling regime as quarter core for PQ diameter core and half core for HQ diameter core
8. Quality Assurance and Quality Control (QAQC):
9. Coordinates in UTM grid system
Southern Block:
No significant activities in the southern block during the December quarter.
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10 www.oropa.com.au
2.2 MALAWI
Malawi, located in south-eastern Africa, is an emerging world region for uranium exploration and mining. In a
country which is substantially under-explored, two uranium deposits are currently being developed. Paladin Energy
Ltd’s (“Paladin”) Kayelekera uranium project, in the north of the country, is currently at an advanced stages of
construction for 3.3 Mlbs U3O8 per annum production with a 7-year mine life, while Globe Uranium Ltd (“Globe”)
is conducting a scoping study scheduled for completion in Q2 2008 for its Kanyika uranium-niobium-tantalumzirconium
deposit in central Malawi.
Oropa’s wholly owned subsidiary, Oropa Exploration Pty Ltd (“OEPL”), has now been granted 100% ownership of
three Exclusive Prospecting Licences (“EPLs”) for uranium and other minerals covering the Mzimba Northwest,
Chitunde, and Chizani project areas. Additionally, OEPL has entered into joint ventures for a 90% interest in the
mineral rights for uranium and other minerals (excluding coal) in two contiguous EPLs to the north of Kayelekera
with local EPL holders who were previously licensed to explore for coal. OEPL has established an office and transit
base in Lilongwe and stocked necessary field supplies for ongoing exploration campaigns.
A regional geochemical survey was initiated in November 2007 over the areas of Mzimba Northwest and Chitunde
and continued through until the commencement of the wet season in December. Results from the samples collected
from the two project areas are being correlated and interpreted, with an announcement to be made in early February.
During the past six months, Oropa, via OEPL has become the holder of a substantial and diverse exploration
tenement portfolio (in excess of 3,800km2) in Malawi, which it intends to actively explore during 2008 and over the
coming years. Field activities are scheduled to resume in late March.
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Mzimba Northwest Project (100%)
Mzimba Northwest comprises EPL0211/2007, covering an area of 2,169km2, and is situated in the north-central
portion of Malawi.
Immediately after acquiring the EPL, Oropa commissioned two independent interpretive studies to identify and
prioritize targets for the initial sampling programs. The first study, conducted by Southern Geoscience
Consultants, considered data available from a country-wide airborne radiometric uranium and magnetic
geophysical survey flown in 1984/85 by Hunting Geology and Geophysics Ltd based at the time in the United
Kingdom. The second study, completed by Mackay and Schnellmann Pty Ltd, interpreted Landsat satellite
imagery with the aid of Malawian Geological Survey geological maps and bulletins, combined with the Hunting
airborne geophysical survey, to produce a geological interpretation of the project area.
The combined results from these interpretive studies have outlined targets for Karroo sediments with potential
for ‘roll front’ style uranium mineralisation, similar to that at Paladin’s Kayelekara project; Mafingi quartzites
for unconformity style uranium mineralisation; and circular anomalies potentially associated with intrusives and
uranium-niobium-tantalum mineralisation, such as that at Globe’s Kanyika project.
Last November, OEPL commenced a ground geochemical survey of selected targets identified in the interpretive
studies. Due to the lack of any previous systematic exploration of the project area, regional sampling programs,
together with ground radiometrics, will need to be completed before follow up exploration is conducted.
Stream sediment sampling of fine fractions at creek junctions, with panned concentrate samples at major sites is
the chosen exploration method, with samples to be assayed for uranium plus 28 other elements to evaluate the
potential for a broad suite of other minerals. Upon the completion of these sampling programs, the targets will be
re-rated according to their mineral potential for more advanced exploration.
Sampling focussed in the Emoneni district in the west of the block where a north-south striking ridge coincident
with uranium radiometric anomalies has been interpreted to be caused by Mafingi quartzites. These quartzites,
formed from the erosion of the basement sediments during the Proterozoic era, filled valleys, basins and other
topographic low areas. Subsequently, the entire Proterozoic sequence has experienced deformation and high
grade metamorphism. The contact between the quartzites and gneiss is unconformable, and has been associated
with uranium mineralisation. Sixty eight stream sediment samples, 14 panned concentrate samples, and 26 rock
chip samples were collected to complete the initial exploration program for this target area.
Chitunde Project (100%)
The Chitunde project (EPL0212/2007 covering an area of 196km2 is situated some 86 km west-north-west of
Lilongwe and is accessible in most parts by sealed roads. The target area is a coincident airborne radiometric
anomaly over an outcropping hill of quartz-syenite. Sampling focused on rock chip sampling, spectrometer
readings and stream sediment samplings from creeks radiating from the hill. 58 rock chip samples were
collected, along with 10 stream sediment samples.
Ngana and Ngana East Projects (90%)
Ngana and Ngana East are the subject of two separate Memorandum of Understandings (“MOU”) with two local
EPL holders who hold the mineral rights for coal exploration and development. Substantial coal occurrences are
thought to exist in the area, although no systematic coal exploration has been completed to date. Ngana and
Ngana East are located in the far north of the country, with their northern boundaries coincident with the
Tanzanian border. The two prospects are in a strategic location, containing basins of Karroo sediments, with the
nearest mapped Karroo occurrence being located some 20km to the south at Kayelekera.
Uranium can be hosted in stratabound deposits in the Karroo sediments, particularly where mobile uranium is
trapped by carbonaceous mudstone or sandstone layers.
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Brief site inspections of both locations were undertaken as part of the MOU agreements. Formal Shareholders
Agreements are currently being prepared for new Malawian joint venture companies to be incorporated prior to
field activities, which are scheduled to commence in late March.
Chizani Project (100%)
The Chizani project (EPL0223/2007, with an area of 1,283 km2) was the third tenement selected by OEPL due to
the area covering a major deformation zone, which is often an environment where mineralisation occurs. The
area is geologically diverse, and contains many uranium radiometric anomalies. Globe’s multi-element uraniumniobium-
tantalum-zirconium Kanyika project borders Chizani’s southern boundary. According to recent ASX
announcements, Globe is currently undertaking a scoping study of the Milenje Zone at Kanyika which is
scheduled for completion in Q2, 2008. Considering that Globe commenced field programs as recent as July
2006 generated from a radiometric anomaly demonstrates the potential of the area.
The granting of Chizani by the Malawian government in mid-December 2007 was too late for any exploration to
be undertaken prior to the onset of the wet season. Similar interpretative studies as completed for Mzimba
Northwest and Chitunde are being initiated to permit OEPL to commence stream geochemical surveys early in
the coming field season.
Chizani Project Area Malawi
Geology
Chizani Project Area Malawi
Radiometric Contours Uranium
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2.3 PROJECT EVALUATION
The Company is continuing to pursue a number of advanced coal opportunities in Indonesia, particularly in
Kalimantan East Kalimantan has become a major world producer of coal in the past 10 years and Oropa is
utilising its considerable knowledge of Indonesia to acquire tenements with the potential to quickly advance
from exploration to production.
Negotiations are currently well advanced on a group of KPs located in East Kalimantan in relatively close
proximity to existing infrastructure. If these negotiations are successful, Oropa will undertake site visits and
complete legal due diligence as a prelude to acquiring an interest in these leases.
From Oropa’s recent experience, the attrition rate on these evaluations is relatively high and a thorough due
diligence and technical appraisal is imperative, prior to entering into any formal commitments to joint venture, or
farmin into these projects. However, the rewards are considered to be worthwhile and these evaluation processes
continue.
PHILIP C CHRISTIE
Director


SHARE INFORMATION:
Shares on issue 165,649,884
Listed Options
(ex @ 20¢ by 31/01/2010) 12,791,441
Share Price 5.0c
12mth share price range 3.9 – 9.9c
Market Cap $8.3m
Cash (31 December 2007) $ .55m
Debt (31 December 2007) $0

Top twenty Shareholders
Top 20 Shareholders as at 17 September 2007

Shareholder Name Percentage Held
ANZ Nominees Limited 22.8 %
Karel Abram Pty Ltd 12.73%
Gemtwin Pty Ltd 5.5 %
Nefco Nominees Pty Ltd 3.52%
National Nominees Ltd 2.58%
Macquarie Bank Ltd 2.56%
Ron Lees & Associates Pty Ltd 2.39%
Insight Capital Management Pty Ltd 2.06%
Barry Sydney Patterson 1.63%
Ganesh International Ltd 1.56%
HSBC Custody Nominees 1.48%
Kathryn Yule 1.47%
Jindabyne Pty Ltd 1.01%
Berne No 132 Nominees Pty Ltd 0.81%
Margaret Ann Lees 0.77%
Merrimont Nominees Pty Ltd 0.72%
WorldPower Pty Ltd 0.69%
Equity Trustees Ltd 0.65%
Waferbell Ltd 0.64%
Strategic Consulting Group P/L 0.52%
Roderick Gordon Murchison 0.49%

"TOTAL 62.42% "


GOLD PRICE: $903
URANIUM PRICE: $75