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EMETALS LIMITED Capital/Financing Update 2012

Jul 24, 2012

64850_rns_2012-07-24_b2c8eacd-0b41-4066-b01a-77d6398c5512.pdf

Capital/Financing Update

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ASX
AUSTRALIAN SECURITIES EXCHANGE

MARKET RELEASE

25 July 2012

West Peak Iron Limited

TRADING HALT

The securities of West Peak Iron Limited (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday, 27 July 2012 or when the announcement is released to the market.

Security Code: WPI

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Elizabeth Harris
Principal Adviser Listings (Perth)

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WEST PEAK PEAK IRON

ASX announcement

24 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

TRADING HALT REQUEST

ASX Ltd

Level 8, Exchange Plaza

2 The Esplanade

PERTH WA 6000

Via Fax: 9221 2020

Attention: Jill Hewitt

Dear Concerned,

Pursuant to ASX Listing Rule 17.1, the Board of West Peak Iron Limited ("West Peak" or the "Company") requests that the ASX grant a trading halt on the ordinary shares with immediate effect on the following basis:

Reason for Trading Halt

West Peak is currently finalising a proposed capital raising.

Duration of Trading Halt Requested

West Peak requests that the trading halt last until the release of the announcement, in any case no later than the commencement of trading on 27 July 2012.

West Peak is now aware of any reason why the trading halt should not be granted.

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]