ORP 1.04% 9.7¢ orpheus uranium limited

very significant points from quarterly

  1. 20,446 Posts.
    lightbulb Created with Sketch. 267
    Oropa announced a very detailed quarterly, here are some very significant key points made:


    INDONESIA GOLD

    �� Revised resource estimate for Sihayo 1 North nearing completion and to be released in May, 2008

    �� Mining scoping study for Sihayo 1 North and Sambung planned for mid-May, 2008

    �� Massive silica–breccia-quartz veining intersected over 71m interval in deeper drilling at Sarahan
    vein, Hutabargot Julu will require follow up drilling.

    *In addition to the resource estimate, a review will be conducted into determining the drill density required
    for a drill-out of the two resources, which will enable a costing and timetable to be generated to advance the
    project to Bankable-Feasibility Study.

    *Based on work undertaken to date, the Sarahan vein is the most substantial vein within the prospect area,
    interpreted to be over 3 km in length, with exposures in outcrop and historic Dutch exploration adits 5-10
    metres wide. Significant gold grades have been returned from many rock and channel chip samples. These
    factors contribute towards Sarahan being regarded as the primary target for deep high-grade gold.


    MALAWI URANIUM & BASE METALS

    �� Positive results have been obtained from geochemical exploration surveys conducted towards the
    end of 2007 at the Mzimba Northwest and Chitunde Project areas in Malawi. Detailed results to
    be announced in early May

    *Additionally, Globe Uranium Ltd
    (“Globe”) has recently completed a highly successful scoping study of its Kanyika multi element uraniumniobium-
    tantalum-zirconium deposit in central Malawi, where Oropa holds an Exclusive Prospecting
    Licence (“EPL”) adjacent to Globe’s Kanyika EPL.

    *OEPL(OROPA) now has an office and transit base in Lilongwe
    and has stocked necessary field supplies for exploration campaigns this field season. The Company is
    presently recruiting a competent geologist to establish an operational base in Malawi and oversee
    operational activities during the current field season.

    *Encouraging results from limited exploration programs conducted throughout the country to date
    exhibit the potential of Malawi and the Company expects that its forthcoming programs in 2008 will be
    rewarding.


    COAL INDONESIA

    During the quarter, the Company aggressively pursued a number of coal projects in Kalimantan, and more
    recently in Sumatra, Indonesia in its quest to source a bona fide coal project in Indonesia (geographically
    compatible with Pungkut). Indonesia has become a substantial global producer of coal and Oropa is
    utilising its inherent knowledge to source and hopefully acquire an advanced coal project that could be
    rapidly developed to production, principally to fund the development of the Pungkut gold project.


 
watchlist Created with Sketch. Add ORP (ASX) to my watchlist
(20min delay)
Last
9.7¢
Change
0.001(1.04%)
Mkt cap ! $18.41M
Open High Low Value Volume
9.8¢ 9.9¢ 9.4¢ $55.88K 569.9K

Buyers (Bids)

No. Vol. Price($)
1 54878 9.7¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 56472 2
View Market Depth
Last trade - 15.38pm 03/05/2024 (20 minute delay) ?
Last
9.9¢
  Change
0.001 ( 1.54 %)
Open High Low Volume
9.4¢ 9.9¢ 9.4¢ 33063
Last updated 14.46pm 03/05/2024 ?
ORP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.