RNS Number:5401S
Investika Ltd
18 April 2008


                                INVESTIKA LTD
                               ('the Company')

                           Quarterly Activity Report


The following is the Company's Quarterly Activity Report to 31 March 2008
that has been released to the Australian Stock Exchange.


Enquiries to:

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


James Joyce /Sarang Shah
WH Ireland Limited
Telephone: 020 7220 1666



Quarterly Activities Report to 31 March 2008


Chilean Copper Project (Direct and indirect interest 94%)


Puquios is an open-cut, heap leach SX EW project located in northern Chile.  The
project is planned to produce 15,000tpa of copper cathode commencing in early
2010.  The completion of the bankable feasibility study and finalisation of
project financing of the Puquios project is the major focus for Investika during
2008.


Investika's total equity in the project increased to 94% during the quarter.


The bankable feasibility study continued.  Progress was to plan, with the key
activities undertaken being:


  * The in-fill drilling programme and associated assay work was completed.
    Work is underway on the revised geological model/resource evaluation and is
    expected to be finished during the June quarter.  The closer spaced drill
    hole data now available will result in a geological model with a much
    improved confidence level.


  * The Phase 1 metallurgical test programme was completed with preliminary
    results indicating metal recoveries in excess of pre-feasibility study
    assumptions.  The final report for this test work is being prepared.


  * The preparation and planning of engineering flow-sheets, general
    arrangement drawings, electrical distribution requirements, leach-pad design
    and the mechanical equipment list continued.


  * Pump testing of the water well that is proposed as the major source of
    project water supply indicated a continuous flow of 40 litres/second is
    available.


Detailed mine planning and cost estimation will commence with the completion of
the geological model.  However, initial vendors' quotations for some major
equipment has been received and a preliminary cost estimate prepared.  This
capital estimate is currently approximately US$130m including pre-strip, working
capital and taxes.  Preliminary economic analysis indicates very robust project
economics over a range of copper prices.


SRK Consulting was appointed as the Independent Engineers to undertake the
independent technical review of the project.  This comprehensive and independent
due diligence of the Puquios project will enable potential project lenders to
fast-track their internal assessment processes.


Exploration drilling commenced at the end of the quarter at Las Nipas, a nearby
significant copper-molybdenum-gold geochemical anomaly.  Las Nipas is one of a
number of exploration targets located in close proximity to Puquios that could
potentially provide resources to supplement the supply of ore to the Puquios
plant.


The target completion date for the bankable feasibility study remains late in
the September 2008 quarter.


Berong Nickel Project, Philippines (18.7% direct interest, 6.3% indirect
interest)


A total of approximately 165,000 tonnes of ore was mined in the March quarter.
Production was impacted by the excessive wet conditions brought about by the La
Nina weather phenomenon which is impacting the whole of the Philippines.
Rainfall at the mine site was over 81cm compared to 24cm for the same quarter in
2007.


A total of 58,500 wet metric tonnes of laterite nickel ore at an average grade
of 1.51% Ni (approximately 593 tonnes contained nickel on a dry basis) and
28.35% Fe was shipped to Australia and China.  Approximately 203,000 tonnes of
ore is stockpiled at the coast awaiting shipping.  Shipments were impacted by
the wet weather and high sea swells, conditions similar to those experienced in
the fourth quarter of 2007.


The period from October through February, inclusive, is challenging from the
perspective of ship loading with the excessive sea swells preventing the
offshore trans-shipment of ore.  This is likely to be an annual event until such
time a trestle conveyor is built.  Studies on a trestle conveyor or alternative
loading systems continue.  The window for good loading conditions is March
through September, inclusive.


The market for laterite ore appears to be segmenting into two, with the high
nickel-high iron feed (>1.45% Ni & > 25% Fe) being sought by the Chinese blast
furnace producers; and the high nickel-low iron feed (>1.5% Ni &
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