halt!, page-2

fundraising:


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1 www.oropa.com.au
ASX ANNOUNCEMENT
5 September 2005
FUNDRAISING
As indicated in the company’s Quarterly Report ending 30 June
2005, the company is presently raising interim finance via a
placement of shares to offshore institutional investors and local
institutional and sophisticated investors to raise up to
AUD$1.3 million.
The funds raised from the proposed placement are to be used to
undertake regional work at a number of high priority targets
located in the southern block of the Pungkut gold project in
Sumatra, Indonesia, specifically Tambang Ubi and Tambang
Hitam prospects. These prospects which are yet to be
evaluated by Oropa since the company took over the project
from Western Metals Copper Limited and Pacmin Mining
Corporation in mid-2003 exhibit highly anomalous gold values
from rock chip sampling and soil geochemistry.
Concurrently with these exploration and drilling programs at
Pungkut, which are to commence this month, the company
intends to raise up to AUD$6 million for working capital purposes
during the December quarter, details of which will be released to
the market as soon as they are finalized.


, good news one of the directors fly off overseas tomorrow to finalise a drilling schedule