Welcome to [ O R O P A ]

Pungkut Gold Project, Sumatra; (earning 75%)

Pungkut is located near the west coast of North Sumatra, approximately 200km northeast of Padang city which has international and domestic air links. Access to the project area is via the sealed Trans Sumatran Highway from Padang. The Pungkut CoW covers an area of 66,200ha and abuts the southern margin of Newmont’s Martabe CoW, which contains the 3.2 million ounce (December 2003) Purnama high sulphidation epithermal gold deposit.

The original Pungkut CoW comprised an area of 201,600ha, which was reduced in stages by former operator Pacmin and divided into two blocks covering a total of 66,200ha. Although most exploration programs completed to date have focussed on the Sihayo prospects in the northern block, Oropa has recently initiated a first-pass exploration program at the Tarutung prospect, located in the centre of the southern block some 65km south of Sihayo. This exploration phase is targeting an exposed high grade epithermal vein system.

Pungkut Acquisition

The Pungkut CoW is the result of an agreement entered into between API and ANTAM in October 1997. API holds a 75% beneficial interest through its shareholding in the Indonesian joint venture company, PT Sorikmas Mining (“Sorikmas”), with ANTAM holding the remaining 25%. The equity structure of Sorikmas remains unaltered, with Oropa acquiring all of the issued capital in API from the Vendors.

In mid 2002 Oropa, through its wholly owned subsidiary Excelsior Resources Limited (“Excelsior”), agreed to acquire all of the shares in API by initially paying an Option Fee of $50,000 to the Vendors and subsequently spending a minimum $900,000 on the project on or before 31 May 2004, at which time Excelsior could elect to purchase a 100% equity interest in API. On 13 April 2004, Excelsior gave notice to the Vendors that it was assigning its rights to Oropa under the terms of the Option Agreement. Oropa subsequently exercised the option to acquire all of the Vendors’ shares in API on 20 April 2004 by agreeing to issue the Vendors 27,777,778 ordinary fully paid shares in Oropa at a deemed issue price of AUD$0.036, calculated over the weighted average of trading for five consecutive days prior to the exercise of the option. In return, the Vendors were required to transfer all of their issued shares in API to Oropa for $1.00. All prior loan advances made by the Vendors to API were to be assigned to Oropa for a nominal fee, or be capitalized in API. Settlement was initially scheduled to be completed by 29 April 2004, subject to the Vendors fulfilling all of their respective settlement obligations, but owing to ongoing delays with obtaining all of these criteria, settlement was delayed until 27 August 2004.


	*LATEST PUNGKUT ANNOUNCEMENTS** More Significant Mineralisation at Pungkut 23 August 2007 Drilling Resumes at Sambung 27 April 2007 Drilling Reveals High Grade Gold Zone at Sambung 11 October 2006 Exploring Pungkut Presentation 21 September 2006 Discovery at Tambang Ubi 19 September 2006 Sambung Exploration Update 18 September 2006 High Grade Silver Discovery at Sihayo 1 North 24 July 2006 More Gold Discovered at Sambung 3 July 2006 More Significant Gold Intersects in Sambung Drilling 27 June 2006 Significant Gold Intersections in Sambung Drilling 8 June 2006 Drilling Success at Sihayo 1 Prospect 2 June 2006 Increased Drilling Activities 18 April 2006 High Grade Trenching Results Sambung 20 January 2006 Significant Mineralisation in New Discoveries 16 December 2005 AGM Presentation 29 November 2005 Gold Mineralisation in Tambang Hitam Drilling 28 November 2005 Drilling Commences Tambang Hitam; More High Grade Rock Chips 17 October 2005 High Grade Results from New Prospects 30 Sept 2005 Drilling to Commence Tambang 22 September 2005 Diggers & Dealers 2005 More Shallow Gold Mineralisation Intersected 21 July 2005 Additional Mineralisation Intersected Outside Pungkut Resource Envelope 14 July 2005 Mineralisation Intersected Outside Resource Envelope 28 June 2005 More Encouragement at Sihayo 24 May 2005 14m Intercept at Sihayo 13 May 2005 Further Success at Sihayo 5 May 2005 Press Release: Additional Mineralisation 26 April 2005 New Mineralisation Intersect Sihayo 13 April 2005 Sihayo Drilling commences 30 March 2005 New Broad Zones of Mineralisation 15 March 2005 Clarification to Sihayo Announcement 13 January 2005 Press Release: Resource Potential 13 January 2005 Sihayo Deposit Model Confirmed 12 January 2005			Exploring for Gold in Sumatera, Indonesia CLICK HERE TO VIEW Exploring Pungkut Presentation 21.09.2006 Pungkut Gold Project, Sumatra; (earning 75%) Pungkut is located near the west coast of North Sumatra, approximately 200km northeast of Padang city which has international and domestic air links. Access to the project area is via the sealed Trans Sumatran Highway from Padang. The Pungkut CoW covers an area of 66,200ha and abuts the southern margin of Newmont’s Martabe CoW, which contains the 3.2 million ounce (December 2003) Purnama high sulphidation epithermal gold deposit. The original Pungkut CoW comprised an area of 201,600ha, which was reduced in stages by former operator Pacmin and divided into two blocks covering a total of 66,200ha. Although most exploration programs completed to date have focussed on the Sihayo prospects in the northern block, Oropa has recently initiated a first-pass exploration program at the Tarutung prospect, located in the centre of the southern block some 65km south of Sihayo. This exploration phase is targeting an exposed high grade epithermal vein system. Pungkut Acquisition The Pungkut CoW is the result of an agreement entered into between API and ANTAM in October 1997. API holds a 75% beneficial interest through its shareholding in the Indonesian joint venture company, PT Sorikmas Mining (“Sorikmas”), with ANTAM holding the remaining 25%. The equity structure of Sorikmas remains unaltered, with Oropa acquiring all of the issued capital in API from the Vendors. In mid 2002 Oropa, through its wholly owned subsidiary Excelsior Resources Limited (“Excelsior”), agreed to acquire all of the shares in API by initially paying an Option Fee of $50,000 to the Vendors and subsequently spending a minimum $900,000 on the project on or before 31 May 2004, at which time Excelsior could elect to purchase a 100% equity interest in API. On 13 April 2004, Excelsior gave notice to the Vendors that it was assigning its rights to Oropa under the terms of the Option Agreement. Oropa subsequently exercised the option to acquire all of the Vendors’ shares in API on 20 April 2004 by agreeing to issue the Vendors 27,777,778 ordinary fully paid shares in Oropa at a deemed issue price of AUD$0.036, calculated over the weighted average of trading for five consecutive days prior to the exercise of the option. In return, the Vendors were required to transfer all of their issued shares in API to Oropa for $1.00. All prior loan advances made by the Vendors to API were to be assigned to Oropa for a nominal fee, or be capitalized in API. Settlement was initially scheduled to be completed by 29 April 2004, subject to the Vendors fulfilling all of their respective settlement obligations, but owing to ongoing delays with obtaining all of these criteria, settlement was delayed until 27 August 2004.