For personal use only
ACN 619 211 826
REEFTON
GOLD PROJECT
ANNUAL
REPORT SOUTH
ISLAND
NORTH ISLAND
2021
SIREN | |
only | LIMITED |
Contents | ||
1 | Chairman's Letter | |
2 | Corporate Directory | |
use | 3 | Directors' Report |
27 | Auditor's Independence Declaration | |
28 | Consolidated Statement of Profit or Loss and Other Comprehensive Income | |
29 | Consolidated Statement of Financial Position | |
30 | Consolidated Statement of Changes in Equity | |
31 | Consolidated Statement of Cash Flows | |
32 | Notes to the Consolidated Financial Statements | |
53 | Directors' Declaration | |
54 | Independent Auditor's Report | |
For personal | 60 | Additional Shareholder Information |
use only
Annual Report 2021 | 1 |
Chairman's Letter
On behalf of the Board of Directors I would like to thank all shareholders who have continued supporting Siren Gold since the IPO in October 2020.
For personal
Dear fellow Stakeholders,
So much has happened in the global community since we listed over 14 months ago but right from the outset Siren Gold set itself on a multi-pronged but focussed course to rapidly achieve certain milestones, being to:
- locate the orebody at Alexander River and commence drilling towards an inferred resource;
- identify the various lodes at Big River and determine the significant potential along strike;
- understand the geology at Lyell and Golden Point and commence exploration; and
- identify significant new exploration areas and generate new targets.
Looking back at some of the various announcements made during the last 12 months, it is clear to me that all of these milestones have been achieved and that additional progress has been made, as exemplified by the following ASX announcement headlines:
- Siren Strikes Significant Gold Mineralisation at Reefton
- Maiden Exploration Target at Siren's Big River
- New 3km Long Target Discovered at Lyell
- Scoping Study for Process Plant at Reefton
- New 3km mineralised zone discovered at St George
- UG Scoping Study at Big River and Alexander River
- Alexander River Resource Estimate
It usually takes many years of dedicated hard work to progress a project from initial discovery to early scoping study stage but the fact that this has already been achieved in the case of Siren Gold's Reefton Project is testament to the outstanding potential of this long-forgotten region and it showcases the significant exploration potential of Siren Gold's Reefton tenement package overall.
It is also worth noting at this point that Siren Gold's neighbours are also having good success, with Reefton Goldfields Inc making a significant new gold discovery to the north of Reefton and Federation Mining continuing its rapid advance on the twin decline project at the Snowy River Blackwater Mine. I might also highlight that all these exploration activities are happening within a 50km radius of one another, which certainly bodes well for the region.
As the Company advances its plans further over the next 12 months, we anticipate a busy and positive continuation of our previous year, firstly with the maiden resource estimate at Alexander River, along with the Process Plant Scoping Study, and the Alexander River and Big River exploration decline scoping studies to be completed in April / May. Thereafter we expect ongoing progress by increasing the overall Exploration Targets at Alexander River and Big River with ~20,000m drilling planned for 2022.
I would also like to remind investors of the upside exploration potential to deliver on our Lyell, St George, Reefton South and Bell Hill tenements and the many geological similarities that Reefton holds to the Victorian Goldfields in Australia, particularly the ~5M oz Fosterville Gold Mine.
On a personal level I would like to thank all stakeholders for their support since listing, but particularly those
in the Top 20 who have remained on board and who were central to the success of the Company's recent fundraising activities.
Yours sincerely
Brian Rodan
Chairman
2 | Siren Gold Limited |
Corporate Directory
for the year ended 31 December 2021
only | |
Current Directors | |
Brian Rodan | Managing Director |
Executive Chairman | |
Paul Angus | Technical Director |
Keith Murray | Non-Executive Director |
Company Secretary | ||
Sebastian Andre | ||
use | ||
Registered Office | ||
Address: | Suite 1, 295 Rokeby Road | |
Subiaco WA 6008 | ||
Telephone: | +61 | (0)8 6555 2950 |
Facsimile: | +61 | (0)8 6166 0261 |
Email: | admin@sirengold.com.au | |
Website: | www.sirengold.com.au | |
Share Registry | ||
personalPerth WA 6000 | ||
Automic Registry Services | ||
Address: | Level 5, 191 St George's Terrace | |
Perth WA 6000 Australia | ||
Telephone: | +61 | (0)8 9324 2099 |
Facsimile: | +61 | (0)2 8583 3040 |
Auditors
Hall Chadwick WA Audit Pty Ltd
(Previously known as Bentleys (WA) Pty Ltd)
283 Rokeby Road
Subiaco WA 6008 Telephone: (08) 9426 0666
Solicitors to the Company
Steinepreis Paganin
Level 4, The Read Buildings,
16 Milligan Street
For
For personal use only
Annual Report 2021 | 3 |
Directors' Report
for the year ended 31 December 2021
Your directors present their report on Siren Gold Limited (Siren or the Company) and its subsidiaries (the Group) for the year ended 31 December 2021.
i. Directors
The Directors of the Company in office since 1 January 2021 and up to the date of this report are:
- | Brian Rodan | Managing Director |
Executive Chairman | ||
- | Paul Angus | Technical Director |
- | Keith Murray | Non-executive Director |
For additional information on Directors, including details of the qualifications of Directors, please refer to the paragraph 'Information relating to the directors' of this Directors' Report.
ii. Company Secretary
The following person held the position of Company Secretary during the year ended 31 December 2021:
- Sebastian Andre
Qualifications | - BAcc/BA, GradDip Fin, FGIA |
Experience | - Mr Andre is a Chartered Secretary with over 10 years of experience in corporate advisory, |
governance and risk services. He has previously acted as an adviser at the ASX and | |
has a thorough understanding of the ASX Listing Rules, specialising in providing advice | |
to companies and their boards in respect to capital raisings, IPOs, backdoor listings, | |
corporate compliance and governance matters. Mr Andre holds qualifications in | |
accounting, finance, and corporate governance and is a member of the Governance | |
Institute of Australia. |
Dividends paid or recommended
There were no dividends paid or recommended during the year ended 31 December 2021.
Significant changes in the state of affairs
There have been no significant changes in the state of affairs of the Company during the year to 31 December 2021 other than disclosed elsewhere in this Annual Report.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Siren Gold Ltd. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 23:07:06 UTC.