Information  X 
Enter a valid email address

Orchid Capital Ltd (ORC)

  Print      Mail a friend

Wednesday 29 June, 2005

Orchid Capital Ltd

Trading Statement

Orchid Capital Ltd
29 June 2005



                                              Suite 3, 610 Murray Street
                                                  West Perth WA  6005
                                                   T: +61 8 9321 3664
                                                   F: +61 8 9322 6887
                                                 [email protected]
                                                  www.orchidcapital.net


29th June 2005


Australian Stock Exchange
Company Announcements Office
By Electronic Lodgement


                             Orchid Capital Limited



The Directors of Orchid Capital Limited (ASX and AIM: ORC) are pleased to
announce that the Company was yesterday admitted to trading on the Alternative
Investment Market (AIM) of the London Stock Exchange.


The listing on London's AIM complements Orchid's current stock exchange listings
on the ASX and Germany's Deutsche Bourse.


In February 2005 Orchid signed a Letter of Intent with the China Tibet Institute
of Geology Survey (CTIGS) to acquire up to 80% of the Qu Long and Jia Ma Copper
Projects in the Tibet Autonomous Region.


The Qu Long Project is located approximately 60 kilometres (km) east of Lhasa,
the capital of Tibet, and hosts a large porphyry copper deposit containing an
Inferred Resource of 5 million tonnes of copper metal, 350,000 tonnes of
molybdenum and 3,200 tonnes (100 million ounces) of silver.


The Nagarze Gold Project, located 120kms southwest of Lhasa in Tibet, has
revealed values of 3 - 5 grams per tonne (g/t) of gold during initial sampling
of Prospect Area 1, with a high grade of 21.9 g/t gold being revealed in
Prospect Area 2.


Nabarro Wells & Co. Limited is the Nominated Adviser and Broker to the Company.


                                      End





Media Enquiries:
Sarah Allchurch
Allchurch Communications
+61 8 9381 6625
+61 412 346 412


Alvin Tan
Managing Director
Orchid Capital Limited
+61 8 9321 3664




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

a d v e r t i s e m e n t