IVK Investika Di

RNS Number:2394D
Investika Ltd
04 September 2007

                                 INVESTIKA LTD

     LONG TERM LATERITE ORE SUPPLY AGREEMENT SIGNED WITH QUEENSLAND NICKEL



4 September 2007



Investika Ltd ("Investika" or the "Company") the investment company in the
mining finance industry with a focus on pre-production emerging resource
opportunities is pleased to announce that Berong Nickel Corporation, in which
the Company has a direct and indirect interest of 24.8%, has entered into a long
term laterite ore supply agreement with Queensland Nickel Pty Ltd ("QNPL"), a
BHP Billiton group company (the "QNPL Supply Agreement"). The laterite ore will
initially be shipped from the company's operations at Berong to QNPL's Yabulu
Refinery in North Queensland, Australia.

The QNPL Supply Agreement is for a 5 year term with an option to extend for a
further 5 years at the election of QNPL. The contract volume is for the supply
of up to 500,000 wet metric tons per calendar year at a nickel grade of greater
than 1.5% Ni. Individual ore shipments will be made to a maximum of
approximately 70,000 wet metric tons, depending upon the size of the ship. The
first shipment under the QNPL Supply Agreement is scheduled for delivery from
Berong in late September 2007.

The QNPL Supply Agreement will provide a base load for the mining operations on
Palawan. Negotiations are continuing between the company and several Chinese
end-user customers for additional long term contracts of similar volumes.

Notwithstanding the recent falls in London Metal Exchange ("LME") nickel prices
and excess laterite ore stocks in China, the Directors believe the market for
higher grade laterite ore, similar to that shipped from Berong, remains robust.
The average grade of ore shipped from Berong has been greater than 1.5% Ni.

The mining operations at Berong are running at an annualised rate of greater
than 1 million wet metric tons per year. Operations continue to ramp up to a
target production rate of 1.5 million wet metric tons for 2008. With the onset
of the wet season and typhoon activity, forecast production for 2007 is
estimated at over 850,000 wet metric tons, with shipments at approximately
700,000 wet metric tons. Shipments are heavily dependent upon weather conditions
and the availability of vessels.

Mr George Bujtor, CEO of Berong Nickel Corporation, commented, "The building of
long-term supply relationships with end use customers helps insulate the company
from volatility in the market place, and provides a valuable adjunct to the
company's long term goal of value added processing".

George Bujtor, Chief Executive Officer of Berong Nickel Corporation, 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



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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