Court Proceedings, page-34

Hi Captain

Let Moneypenny and Co post attacks on the company. They have been doing this for the last 4 years.

We need to look at what the company is doing at Mt Kare and how they continue to work closely with the Mt Kare Landowners, MRA, Lands Department, Provincial Govts to bring Mt Kare to life!

Below is Mr McVeigh's Chairman's Report from the Annual Report released on Friday.

Not only has the company completed a major milestone with the LIS after 2+ years of intense research, 15 generations of Landowner Confirmation with the Mt Kare landowners, completed the identification of the Landowners at Mt Kare with signoff from them onsite!

The first time this has ever been done in PNG! And the Govts will use this process for future mining projects in the country. An extraordinary achievement by George Niumataiwalu, the Mt Kare Landowners and George's team in PNG!

The company has set up a Trust, which will be used, as required by PNG Mining Law, to compensate landowners for the use of their land in mining, and ACM is working on an access track from Mt Kare to Porgera to link it to the Highlands Highway as I type this!


The company will now focus on moving towards the next stage of the project! The construction of the Adit!

Cheers Dm