25 Charles Street, South Perth WA 6151 PO Box 1013, South Perth...

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]
ABN: 77 009 241 374
QUARTERLY REPORT
For three months ending 31 December 2006
HIGHLIGHTS
PUNGKUT GOLD PROJECT, INDONESIA (75%)
ï 16% increase in total gold resource inventory to 710,000oz following initial resource estimate for
Sambung Prospect.
ï Inferred Resource of 1.14 million tonnes @ 2.6g/t Au for 100,000oz estimated for Sambung.
ï Strong IP resistivity anomalies identified up-slope from Sambung to be drill tested in the March
Quarter. These could represent the source of the Sambung mineralisation.
ï Initial drill results from historic Tambang Ubi Dutch gold/copper mine, including:
�� 4m @ 3.42 g/t Au and 0.48% Cu from 22m
�� 0.9m @ 6.27g/t Au and 0.47% copper from 35.7m
�� 1m @ 4.55g/t Au and 0.22% Cu from 22m
ï Porphyry gold/copper style targets identified at Tambang Ubi.
ï Prospective gold-copper zone extending 3km west of Tambang Ubi outlined by rock chip sampling,
with results up to 18.7% Cu and 170g/t Au.
CORPORATE
ï Shareholder meeting convened to approve issue of options at an issue price of $0.005 for options that
expired on 31 December 2006.
ï Evaluation of potential new project acquisitions stepped up, including potential coal projects in
Indonesia and other opportunities in Australia and Africa.

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1. CORPORATE
The Company’s Annual General Meeting was held
on 30 November 2006, at which shareholders carried
all resolutions with the required majorities.
On 21 December 2006, The Company’s directors
announced that a meeting of shareholders was to be
convened on 31 January 2007 to consider and, if
thought fit, to pass a resolution for the Company to
issue up to 12,795,104 listed options, each at an issue
price of $0.005 and expiring on 31 January 2010, to
persons holding options that expired on 31 December
2006 (“2006 Options”).
If the resolution is passed, the Company will make an
offer to the holders of the 2006 Options and those
who accept the offer will be issued with the new
options exercisable on or before 31 January 2010.
The Company’s directors have 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%)
Exploration activities conducted by Oropa during the
Quarter on its 75%-owned Pungkut Project, located
in North Sumatra, Indonesia, included:
Sambung Prospect:
�� 13 diamond drill holes completed for 774m
�� Inferred Mineral Resource of 1.14 million
tonnes at 2.6g/t Au, for 100,000 ounces of
gold estimated
�� Additional high-priority drill target
identified near the Sambung Inferred
Resource which could represent the source
of the Sambung mineralisation.
Sihayo 1 North:
�� Re-logging of all diamond drill holes.
Tambang Ubi:
�� 6 diamond drill holes completed for 622m.
�� Potential gold/copper porphyry targets
identified from the interpretation of recent
ground magnetic surveys.
�� High-grade copper and gold values returned
from rock chip sampling from local miners’
adits up to 3km west of Tambang Ubi.
These programs were interrupted in mid-December,
following a large earthquake near Tambang Ubi, which
resulted in a number of fatalities at a local village, and by
torrential rains that inundated Sumatra and other parts of
Indonesia during December and early January.
Sambung Prospect
The Sambung Prospect is located in the North Block of
the Pungkut Project, approximately 2km south of the
610,000 oz Sihayo 1 North Inferred Gold Resource. It
represents the second of numerous potential resource
centres at Pungkut to be tested by Oropa.
Field exploration activity during the Quarter focused on
completing the drilling required for the Sambung resource
calculation to be carried out. Drilling for the Quarter
totalled 774m, increasing the total diamond drilling at
Sambung to 5,421m.
Best intersections from the recent drilling include:
SAMDDD071: 7m @ 6.27 g/t Au from 29m
SAMDDD072: 7m @ 2.16 g/t Au from 9m
SAMDDD073: 4m @ 3.60 g/t Au from 6m
Gold mineralisation at Sambung occurs in shallow, gently
dipping blankets of siliceous jasperoids, within Permian
limestone and volcanogenic sediments, where
hydrothermal fluids have ponded below Tertiary
sediments.
Higher grades occur within hydrothermal breccias in the
jasperoids. The Sambung resource may be contained
within a large slump block and during the March Quarter,
strong IP resistivity anomalies up-slope will be drilltested
for possible in-situ feeder mineralisation.
The exploration strategy will be to continue to identify,
define and drill new targets at Sihayo-Sambung with the
objective of outlining sufficient resources to justify drillout.
A new drill target has already been identified within
the Sambung area, and a geological review will be
undertaken to generate additional targets in the Sihayo-
Sambung area.

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Table 1: Sambung Drill Hole Locations and Mineralised Intersections
Hole Local N Local E Azimuth Dip Depth From To M Au g/t
SAMDD062 9980 56950 -90 70 No significant intersections
SAMDD063 10050 57400 -90 35 6 7 1 0.64
8 9 1 0.55
SAMDD064 10100 57386 -90 60 No Significant intersections
SAMDD065 10050 57500 -90 50 6 8.5 2.5 0.89
11.2 12.2 1 0.53
SAMDD066 10028 57495 -90 37.95 0 4 4 1.51
including 0 1 1 4.49
SAMDD067 10000 57493 -90 23.5 No significant intersections
SAMDD068 10106 57609 -90 44 1 2 1 0.57
SAMDD069 10040 57674 -90 35 No significant intersections
SAMDD070 9910 57102 -90 54.1 10 11 1 1.09
27 28 1 0.65
SAMDD071 9900 57050 40 -60 54.3 2 15 13 0.92
29 36 7 6.27
40 41 1 0.57
43 44 1 0.5
SAMDD072 9876 57048 40 -65 130 9 16 7 2.16
including 9 13 4 3.33
19 21 2 0.62
SAMDD073 9900 57014 40 -60 80 2 16 14 1.77
including 6 10 4 3.60
SAMDD074 9890 57135 40 -60 100 No significant intersections
Sambung Inferred Mineral Resource
This Inferred Mineral Resource estimate, the first for the Sambung prospect was estimated using Ordinary
Kriging interpolation inside grade-based (0.5g/t) wireframes, which follow known geological trends.
The Sambung mineralisation, as defined by these 0.5g/t wireframe, occurs in three sub-horizontal lenses
within 50m of the surface. The Inferred Resource quoted is a subset based on a block model cut-off of
1.5g/t and represents three distinct higher grade zones of reasonable coherency/continuity. The resource is
classified as ‘Inferred’ due to the broad drill spacing introducing geological uncertainty, and resolvable
issues of data QAQC and surface DTM.
The addition of the Sambung Inferred Resource to the Sihayo 1 North Inferred Resource brings the total
inferred resource to 710,000 ounces of gold. Further drilling is required to advance the resource
confidence in these areas.

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Notes
1. All Au assays 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. 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):
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
Figure 1: Sambung Drill Hole Location Plan

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Tambang Ubi
Drilling commenced in the historic Dutch Tambang Ubi
skarn Au-Cu mine area in the southern block to test for
repetitions of the deposit and to assess the extent of
extraction of the main lode by the Dutch miners, as well
as for down-dip continuity of the deposit.
Best intersections from this drilling include:
TUDDD001: 0.9m @ 6.27g/t Au & 0.47% Cu from
35.7m.
0.5m @ 12.63g/t Au & 0.76% Cu from
43.5m.
TUDDD002: 4m @ 3.42g/t Au & 0.48% Cu from
22m.
TUDDD002: 1m @ 4.55g/t Au & 0.22% Cu from
22m.
Further drill results are yet to be received for the
Tambang Ubi program, including results for hole
TUDD005, which tested for the down-dip extension and
intersected zones of skarn alteration with visible bornite
and chalcopyrite within the down hole interval 121 –
131m.
Drilling was suspended from 18 December to 4 January
due to a major earthquake in the district. Several more
holes are planned to complete initial testing at Tambang
Ubi.
Results from ground magnetic surveying during the
previous quarter outline a significant magnetic high
adjacent to the Tambang Ubi deposit. Analysis indicates
that the top of the magnetic high is approximately 100m
below surface in the general direction of the plunge of the
ore-body. Drilling is currently underway to test this target
for possible porphyry Au-Cu mineralisation.
Perth-based Southern Geoscience has been contracted to
undertake a structural interpretation incorporating the
magnetic survey data to assist with identifying additional
target areas.
Gridding is currently in process to enable extension of
ground magnetic survey coverage.
Table 2: Tambang Ubi Drill Hole Locations and Mineralised Intersections
Hole No. Local N Local E Azimuth Dip Depth From To M Au g/t
TUDD001 68800 589750 225 -50 63.6 35.7 36.6 0.9 6.27
43.5 44 0.5 12.63
TUDD002 68750 589750 225 -50 51 10 11 1 1.20
16 18 2 0.73
22 26 4 3.42
34 35 1 0.77
TUDD003 68800 589800 225 -50 127.7 62 67 5 0.54
76 77 1 4.55
86 88 2 2.75
Including 86 87 1 4.62
TUDD004 68638 589640 225 -50 119.8 No significant intersections
TUDD005 68800 589850 225 -50 168.1 Incomplete results
TUDD006 68638 589640 200 -50 91.8 No significant intersections

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Notes
1. All Au assays 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. 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):
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
Table 3: Tambang Ubi Drill Hole Locations and Copper Mineralised Intersections
Hole No. Northing Easting Azimuth Dip Depth From To M Cu %
TUDD001 68800 589750 225 -50 63.6 35.7 36.6 0.9 0.47%
43.5 44 0.5 0.76%
TUDD002 68750 589750 225 -50 51 10 12 2 0.23%
17 18 1 0.14%
22 26 4 0.48%
34 35 1 0.19%
TUDD003 68800 58900 225 -50 127.7 62 71 9 0.16%
76 77 1 0.22%
86 87 1 0.32%
TUDD004 68638 589640 225 -50 119.8 No significant intersections
TUDD005 68800 589850 225 -50 Incomplete
TUDD006 68638 589640 200 -50 91.8 No significant intersections
Notes
1. All assays were determined by AAS
2. Lower cut of 1,000ppm Cu used
3. A maximum of 2m of consecutive internal waste (material less than 1,000ppm Cu) per reported intersection
4. All interval grades were calculated as a weighted average
5. All intervals reported as down hole lengths

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Figure 2: Tambang Ubi Drill Hole Location Plan and Regional Au in Rock Chip Samples
Pionggu – Sunda Parit – Sunda Parit Jae
Recent rock chip results from this prospect (Table 4)
include:
�� 0.31 g/t Au & 18.7% Cu from Pionggu;
�� 170 g/t Au & 3.3% Cu from Sunda Parit; and
�� 5.96 g/t Au, 0.48% Cu from Sunda Parit Jae.
These further outline a mineralised corridor that extends
at least 3km to the west of Tambang Ubi.
Results of the previous quarter’s ground magnetic survey
have outlined a substantial magnetic high near Pionggu
which may indicate the presence of a porphyry copper
gold system.
Ground magnetic survey coverage is to be extended .
Pagar Gunung
The Pagar Gunung prospect comprises skarn-type zinclead
mineralisation, locally with massive sulphides,
hosted by a Palaeozoic volcano-sedimentary sequence in
the west of the South Block. In 1985 JICA (Japanese
International Cooperation Agency) calculated a body of
mineralisation of approximately 800,000 tonnes, at a
thickness of 0.88m, Ag 68 g/t, Cu 0.45%, Pb 1.20%, Zn
4.60%, based on the results of 14 diamond drill holes.
Recent Oropa rock chip sampling (Table 4) returned
significant zinc – lead – silver – copper – gold values in
mineralised calcareous rocks, highlighting the
prospectivity of this area to host further skarn
mineralisation.

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Table 4: Pionggu / Sunda Parit / Pagar Gunung Significant Rockchip Samples
Sample Type Easting Northing Sample Description Au
ppm
Ag
ppm
Cu
%
Pb
ppm %
Zn
ppm %
953801 Outcrop 588615 68767 Grey brown skarn mineralised limestone with
chalcopyrite-bornite-malachite
0.31 59 18.70 10 152
953802 Outcrop 587738 69253 Green-white limestone skarn with malachite staining 170 35 3.30 32 53
953803 Outcrop 587797 69197 Green limestone skarn with malachite - azuritechalcopyrite
3.37 7 2.13 9 69
953804 Outcrop 587781 69453 Grey-green limestone skarn with malachitechalcopyrite
9.39 22 1.38 0.87% 0.37%
953805 Outcrop 586831 70042 Green-grey limestone skarn with malachite staining 4.07 3 0.31 31 71
953806 Outcrop 586831 70042 Reddish-grey skarn minerliased (granite?) with
disseminated chalcopyrite
5.96 3 0.48 9 26
953807 Outcrop 576656 66430 Green-grey pervasive galena-sphalerite-chalcopyrite
mineralisation hosted by metasediment
0.35 101 0.17 7.31% 7.45%
953808 Outcrop 576775 66405 Green- grey pervasive galena-sphalerite-chalcopyrite
mineralisation hosted by metasediment
0.26 67 0.13 5.24% 0.58%
Notes
1. Au analysis by 50gm fire assay with AAS finish by Intertek - Caleb Brett Laboratories of Jakarta
2. Ag, Cu, Pb, Zn analysis by AAS by Intertek - Caleb Brett Laboratories of Jakarta
2.2 India
Block D-7 Project Chhattisgarh (18%)
Little development occurred during the December quarter,
other than a new judge being appointed to the
Chhattisgarh High court to replace the former judge who
presided over the Block D-7 case, and who retired in
September last year without making a decision.
Oropa’s Indian joint venture partners are endeavouring to
ascertain whether the new judge will be assigned the
Block D-7 matter, and if so when a hearing date may be
set down. General meetings for both Indian companies
(B.Vijaykumar Technical Services Pte Ltd and
B.Vijaykumar Chhattisgarh Exploration Pvt Ltd) are to be
held later this quarter. Oropa’s directors will attend, with
a view to working with the companies to progress the
court hearings in Chhattisgarh, as well as in Andhra
Pradesh regarding the two Krishna River gravels
Reconnaissance Permits.
2.3 Australia
Lake Deborah Gold Project (5% free carried)
Oropa holds a 5%-free carried interest in the Lake
Deborah tenement which forms part of the Golden Valley
Joint Venture with Polaris Minerals NL.
Earlier this month, Polaris Minerals NL announced that a
6,000m, rotary air blast and air core drilling programme
had commenced to test a number of gold and nickel
targets within the Golden Valley, Bullfinch North and
Kawana project areas north of Southern Cross. Targets
being drilled at Golden Valley and Bullfinch North
include the accessible margins of a number of gold and
nickel targets concealed beneath Lake Deborah.
2.4 Project Evaluation
With the protracted delays in India, the Company has
stepped up its evaluation of a number of projects,
primarily advanced coal projects in Indonesia.
With the suspension of the Contract of Work agreements,
as a result of the autonomous laws introduced in
Indonesia in 2001, tenure over prospective land areas is
now issued locally by the Provincial Governments and
Bupatis via Kuasa Pertambangans (“KPs”), which are not
as secure as the former CoWs. Consequently, a
considerable amount of legal due diligence has to be
undertaken regarding new projects of interest.
A number of projects were evaluated during the Quarter,
most of which were not pursued, although discussions are
continuing with several Indonesian parties.

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PHILIP C CHRISTIE
Director
31 January 2007
Note 1: It is advised that in accordance with the Australian Stock Exchange Limited Listing Rule 5.6, the information in this
report that relates to Exploration Results is based on information compiled by Mr. Roderick E Jones, who is a
Member of the Australasian Institute of Mining and Metallurgy. Mr. Jones is a full time employee of Oropa Limited
and has sufficient experience which is relevant to the style of mineralisation and type of deposit which is under
consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.
Mr. Roderick E Jones consents to the inclusion in this report of the matters based on his information in the form and
context in which it appears.
Note 2: All statements in this report, other than statements of historical facts that address future timings, activities, events
and developments that the Company expects, are forward looking statements. Although Oropa Ltd, its subsidiaries,
officers and consultants believe the expectations expressed in such forward looking statements are based on
reasonable expectations, investors are cautioned that such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the forward looking statements. Factors that
could cause actual results to differ materially from forward looking statements include, amongst other things
commodity prices, continued availability of capital and financing, timing and receipt of environmental and other
regulatory approvals, and general economic, market or business conditions
Note 3: The information in this report that relates to the Sambung Mineral Resource is based on information compiled by
Mr. Clay Gordon, who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian
Institute of Geoscientists.
Mr. Gordon is employed by Mining Assets Pty Ltd and has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’.
Mr. Gordon consents to the inclusion in this report of the matters based on his information in the form and context
in which it appears.