IVK Investika Di

RNS Number:8587A
Investika Ltd
26 July 2007



                                 INVESTIKA LTD
                                ("the Company")


26 July 2007

The following is the Company's Quarterly Activity Report to 30 June 2007 that
has been released to the Australian Stock Exchange.


Enquiries to:

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

James Joyce /David Porter
WH Ireland Limited
Telephone: 020 7220 1666



Berong Nickel Project, Philippines (18.7% direct interest, 6.1% indirect
interest)

A total of 262,994 tonnes of laterite nickel ore at an average grade of 1.52% Ni
(approximately 2,849 tonnes contained nickel on a dry basis) was shipped to
China

Total year-to-date shipments amount to 384,385 wet metric tons at an average
grade of 1.52% Ni. A further 60,000 wet metric tons of ore is stockpiled at the
coast awaiting shipping to China.

The majority of the ore was extracted from the bulk metallurgical sample area.
Increasingly, ore of higher grades will be extracted from the commercial mining
area as mining proceeds.  The ramp-up in production to the export target of
approximately 900,000 wet metric tons for 2007 is continuing although some
difficulties are being experienced with equipment availabilities.

Whilst the wet season officially commenced at Berong around the middle of May,
production has continued with minimal disruptions.  June haulage to the coast
was the second highest monthly performance for the year.  Future production and
shipping is heavily dependent upon weather patterns and rainfall levels, which
are expected to increase over Quarter 3.

Demand for nickel ore softened in line with the large fall in LME nickel prices
towards the end of the quarter.  Low grade ore (0.9% to 1.2% Ni) has been
impacted the most, with higher grades (above 1.5% Ni) remaining more robust.
Discussions continue with BHP Billiton on the long term supply of ore to the
Yabulu nickel plant in Queensland, Australia.

Project activities completed include the coastal stockpile drying pad area and
associated siltation management system, the assay laboratory and the potable
water systems.  Designs and costings were completed for the permanent offices,
accommodation village, crusher and batch plant facilities, workshop facilities,
Dangla Road, Berong airstrip upgrade, and the pedestrian bridge over the Berong
River.  The design of the trestle conveyor and alternative ship loading options
continue.

Permit approvals continue to delay the start of construction of the Dangla Road,
a dedicated haul road without community development along its route.








As previously reported, the Company entered into a Mineral Production Sharing
Agreement (MPSA No.235-2007-IVB) with the Philippine Government covering the 288
hectare Berong Nickel Project. The current Direct Shipping Operation falls
under the MPSA and the associated Special Mines Permit. The Feasibility Study
Report for the life-of-mine operations is currently being prepared for
submission to the Department of Environment and Natural Resources to enable the
"Declaration of Mining Feasibility" for this MPSA area.

A JORC compliant mineral resource was prepared by Snowdens Mining Industry
Consultants and released to the market.  The measured, indicated and inferred
resource within the 288 ha MPSA area is estimated at 9.92 million tonnes at an
average grade of 1.55% Ni using a 1% nickel cut-off grade.  Drilling within the
MPSA area is ongoing and is aimed at delineating additional tonnage.

The assessment of processing options to add value to the large lateritic
resources at Berong continued. SNC Lavalin is undertaking this work, and
samples of the various ore types have been selected and are ready for shipment
to the testing laboratories.  Processing options being considered are high
pressure acid leaching, atmospheric leaching, heap leaching, ferro-nickel
smelting and the Chinese nickel pig iron process.

Chilean Copper Project (Direct and indirect interest 66%)

As announced on 28 June 2007, a scoping/pre-feasibility study was completed and
a summary of that study was contained in the announcement.

Exploration continued on tenements held around the Las Pascualas project option
area.

At Las Nipas, which is located five kilometres to the east of Las Pascualas, a
programme to locate additional leachable ore commenced. Surface geological
mapping together with rock chip geochemistry has revealed porphyry style
mineralisation with anomalous copper, molybdenum and gold over an area of 80
hectares.  A strong NW - SE trending structure which crosses the zone appears to
separate dominant copper and molybdenum values to the north-east from gold to
the south-west.  Further work is planned with drilling scheduled to be completed
following final infill drilling at Las Pascualas.

Other areas to the south of Las Pascualas, where strong zones of alteration are
present, are under investigation.

Belitung Lead/Zinc Project, Indonesia (42.5% interest)

A 10 hole diamond core drilling programme of 3050m commenced. At quarter end,
seven holes had been completed and the remainder, together with assay results,
will be completed and assessed in Q3.

UMC Energy Plc (20.5% interest)

The rains abated sufficiently in June to permit road access and establishment of
the field camp in the northern permits. A programme of 3000m of diamond core
holes will commence in Q3.

In the southern leases, an airborne radiometric survey, totalling 19,000 line
kilometres, commenced. At quarter end, approx. 12,000 line kilometres had been
flown.








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