COMPANY UPDATE
Siren Gold Quarterly Report (summitgold.com.au)
INVESTOR UPDATE
14 October 2021
Highlights
- 2020 Annual General Meeting held on 21 July 2021.
- Change of Company name to Summit Gold Limited.
- Appeal matter mentioned in the Supreme Court of Papua New Guinea on
1 October 2021.
- Matter adjourned by the court until 29 October 2021.
Summit Gold Limited (Summit Gold or the Company) provides the following
update in respect to its activities:
Supreme Court Appeal
On 30 June 2021, the appeal (Appeal) in the Supreme Court of Papua New
Guinea (PNG) relating to Exploration Licence EL1093 (Mt Kare) formerly held
by the Company’s wholly owned subsidiary, Summit Development Limited
(Summit Development), was mentioned before Justice Batari and Justice
Miviri (refer to Company announcements dated 18 March 2021,
31 May 2021 and 6 July 2021).
On 1 October 2021, the Appeal was mentioned again before Justice Batari
and Justice Miviri. On both occasions the Court advised that Justice Dingake
was unable to return to PNG due to COVID, but he is expected to return when
circumstances permit. Accordingly, the Court adjourned the matter to Friday,
29 October 2021.
The Company looks forward to judgement being delivered by the full Supreme
Court bench and currently does not anticipate that a final decision will be
handed down at the next mention scheduled for 29 October 2021.
2020 Annual General Meeting and Change of Name
The Company held the 2020 AGM on 21 July 2021 and all resolutions were
passed by a show of hands. Shareholders can view results of the meeting on
the Company’s website at summitgold.com.au.
Activities
Papua New GuineaThe Company continues to engage and work together with senior
landowners. Summit Gold supports the recent return of senior landowners to
Mt Kare and their work in building local communities.
A meeting with key landowners was held in August 2021 in Wabag town.
At that meeting, all the landowners present expressed strong support for the
Company’s continued exploration of and development at Mt Kare.
The landowners made much of the Company’s previous hard work and
general commitment to PNG.
