IVK Investika Di

RNS Number:3048S
Investika Ltd
05 March 2007

                                 INVESTIKA LTD





                SECOND SHIPMENT OF NICKEL ORE LEAVES BERONG PORT





5 March 2007



Berong Nickel Corporation, in which Investika Ltd has an 18.7% interest, has
advised that a second shipment of laterite ore departed the Berong anchorage
area on 2 March 2007. The shipment of approximately 51,000 tonnes ore was loaded
in under seven days and is destined for the Chinese market.



A third ship of approximately 50,000 tonnes is expected to commence loading
around 6 March 2007, with a fourth ship of similar capacity planned around 20
March. Approximately 100,000 tonnes of laterite ore is currently stockpiled at
the coast and available for these shipments.



Demand for laterite ore of the quality and grade produced at Berong exceeds
supply by a large margin. To meet this demand Berong Nickel Corporation is
rapidly expanding production and building additional stockpiling facilities.
Daily mine production is expected to increase to in excess of 3,000 wet metric
tonnes per day, and maintained throughout the current dry season.



To date, mine production has come from the lower grade area referred to as the '
bulk metallurgical sample area'. However, future production will come from the '
commercial' mining area where grades will be higher. The access road to this
area has been completed and bench formation commenced. This area will supply the
majority of ore for the current year.



Mr. George Bujtor, CEO of Berong Nickel Corporation, commented:

"I am pleased to see how well the start-up of commercial operations has
progressed. The whole team is to be congratulated for their diligence, effort
and dedication. We can now confidently look forward to the future as we rapidly
increase production at Berong to an annualised 1.5 million wet metric tonnes per
year from 2008".



Enquiries to:



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


Paul Dudley/James Joyce
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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