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EMETALS LIMITED Capital/Financing Update 2012

Jul 26, 2012

64850_rns_2012-07-26_4f774dd5-3446-43bb-b507-406fd4d3d721.pdf

Capital/Financing Update

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27.JUL.2012 9:10 ASX PERTH
NO.896 P.1/1

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WEST PEAK IRON LTD

ASX announcement

27 July 2012

ACN: 142 411 390

T: 08 6460 4960

F: 08 9324 3045

E: [email protected]

Suite 9, 1200 Hay Street

West Perth WA 6005

PO Box 281

West Perth WA 6872

www.westpeakiron.com.au

Directors & Management

David Parker:
Executive Chairman

Graham Marshall:
Non-Executive Director

John Royle:
Non-Executive Director

Shane Tomlinson:
Exploration Manager

Sonu Cheema:
Company Secretary

Issued Capital

28,144,536 ordinary shares

13,105,465 unlisted options exercisable at 20 cents each on or before 30 June 2013

500,000 unlisted options exercisable at 30 cents each on or before 30 June 2013

ASX Code: WPI

WEST PEAK IRON LTD

SUSPENSION REQUEST

ASX Ltd

Level 8, Exchange Plaza

2 The Esplanade

PERTH WA 6000

Via Email

Dear Concerned

Further to the West Peak Iron Ltd ("West Peak" or the "Company") Trading Halt Request announcement dated 24 July 2012, West Peak now requests that the ASX grant a suspension on the ordinary shares with immediate effect on the following basis:

Reason for Suspension

West Peak is currently finalising a proposed capital raising.

Duration of Suspension

West Peak expects to finalise an announcement intended to lift the suspension prior to market open on Monday 30 July 2012.

By Order of the Board

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David Parker
Executive Chairman

For further information contact:

David Parker; Executive Chairman, West Peak Iron Ltd.

Telephone: +61 8 6460 4960

Email: [email protected]