Oropa Limited (ASX: ORP)
ASX RELEASE
24 SEPTEMBER 2008
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 Oropa entitled to the remaining 75%.
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
READ
CORPORATE
Public Relations Corporate Communications
T: (+61-8) 9388-1474 | F: (+61-8)
9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au