06:10 AM EST, 12/17/2024 (MT Newswires) -- Lupaka Gold ( LPKGF ) overnight Monday said it expects a ruling on an ongoing arbitration claim against the Republic of Peru in the first quarter of 2025.

The Arbitral Tribunal in an update said completion of the English text for the ruling is nearing the final stage. Time will be spent finalizing the ruling for dispatch in the two procedural languages.

"Although the amount of time that the arbitration process has taken so far seems protracted, our legal counsel assures us that it is not abnormal," said Lupaka CEO Gordon Ellis. "Considering that it has now been five years since the initiation of the arbitration, another couple of months for receipt of the final ruling is a relatively short time frame to await the Tribunal's ruling."