RNS Number:9493K
Investika Ltd
25 October 2006

                                 INVESTIKA LTD



          BERONG NICKEL PROJECT (INVESTIKA LTD 18.7% DIRECT INTEREST)



                   GRANTED PRIORITY MINING DEVELOPMENT STATUS



25 October 2006



Investika Ltd (AIM : IVK), the investment company in the mining finance industry
with a focus on pre-production emerging resource opportunities, is pleased to
advise that the Berong Nickel Project (BNC) has been granted priority
development status, and is now included among the priority mining development
projects monitored by the Mines and Geosciences Bureau (MGB) under the Mining
Revitalization Program of the Philippines. Priority projects can expect full
support and facilitation on permits and other government documents requiring
approvals, as well as speedy action to resolve any impediments to project
execution. Priority Project Status was granted to BNC by the MGB Director,
Horacio C Ramos.



The Berong Nickel Project is a Joint Venture between Toledo Mining Corporation
Plc, Atlas Consolidated Mining & Development Corporation, and Investika Ltd.



As previously reported, the development of the mine site and associated
infrastructure is nearing completion as activities focus on the extraction of a
bulk metallurgical sample of approximately 30,000 dry metric tons (equivalent to
approximately 45,000 wet metric tons) at a grade of approximately 1.7% (includes
10% dilution). To date, approximately 4,000 wet metric tons of ore has been
mined and placed on the coastal stockpiles. Shipment to customer(s) is expected
around mid November 2006.



Commercial mining operations are expected to commence in November/December and
are dependent upon attaining the necessary final approvals from the Philippine
Government. An export target of 80,000 to 90,000 dmt of ore has been set for
2006, 620,000 dmt for 2007, and 1M dmt in 2008 and beyond. The grade of laterite
ore to be mined in the first year of operations is estimated to average
approximately 1.9% nickel. Some shipment grades above 2% nickel can be expected
in the early years.



Mr. George Bujtor, CEO of BNC, commented, "The full support of The Department of
Environment and Natural Resources (DENR) has enabled the rapid development of
the Berong Nickel Project, and the granting of priority project status will help
us to maintain our momentum as we build production to 1 million dmt per year".



George Bujtor is a member of the Australasian Institute of Mining and Metallurgy
and is the qualified person that has reviewed and approved the technical
information contained in this announcement.





Enquiries to:



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



Paul Dudley/Peter Jackson
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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