Ann: Quarterly Activities Report, page-5

Never seen this before but after 20 mins of research:

Unlikely collection of jurisdictions and minerals in exotic inaccessible locations? Tick.
Overseas Hong Kong base and shareholders and management? Tick.
Son/heir of a textile company as Chairman? Tick.
A luxury yacht salesmen on the board? Tick (of course!)
No qualified geologist in a BOD for a mineral exploration company? Tick.
Using Covid as an excuse to do nothing? Tick.
No investor presentation done since 2017? Tick.
Two directors resident of Australia? Errr - maybe? I can find one.
Largest holder "Freefire Technology" coverting debt to equity to circumvent Australian and PNG law? Tick

From the annual report - 205 ounces of gold produced in the year and they burnt through apprx $7M with apparently no income from the gold produced. No road access to the mine site, no picture of the mill or gravity circuit and their grade control program consist of a gold pan. I would love to hear the story about where that gold is. (if it exists)

Why don't they just rename it "Lifestyle Co Pty Ltd" and be done with it? This is the very definition of a lifestyle company or possibly gold/money laundering? I'm not sure which, and is a textbook example of things to look out for when you are investing in the junior exploration game.