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IVK Investika Di

123.00
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Investika Di LSE:IVK London Ordinary Share AU000000IVK1 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 123.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Chilean Copper Project

20/03/2008 7:00am

UK Regulatory


RNS Number:4402Q
Investika Ltd
20 March 2008


20 March 2008

                                       INVESTIKA LTD
                                      ("the Company")


 SRK Consulting appointed as Independent Engineers to Puquios Copper Project in
                                     Chile


The Company is pleased to advice that SRK Consulting (SRK) has been appointed as
the Independent Engineers to undertake the independent technical review of
Investika's Puquios copper project in Chile.


Investika's financial advisor, Endeavour Financial International Corporation
(Endeavour), has appointed SRK to the role.  SRK will work under a specific
mandate from Endeavour to complete a comprehensive and independent due diligence
of the Puquios project.  It is currently intended that SRK's due diligence
report will be complete in September 2008.  This report will enable potential
project lenders to fast-track their internal assessment processes.


SRK was selected on the basis of its depth of experience in both the role of
Independent Engineer and copper heap leaching projects with similar
characteristics to Puquios.  SRK has assembled a highly experienced team of
international and Chilean personnel to undertake the assignment out of its
Santiago office.


The Puquios project is located 130km north of La Serena, in Chile's IV region.
Investika is currently planning to complete the Bankable Feasibility Study in
August 2008 for this 15,000 tonne per year copper cathode project.  Following
financing, construction could then start at the end of 2008 with first copper
scheduled to be produced in the first quarter of 2010.


Enquiries to:

Chrisilios Kyriakou, Chief Executive Officer
Investika Ltd
Telephone: 020 7514 1480

James Joyce/ Sarang Shah
WH Ireland Limited
Telephone: 020 7220 1666



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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