Annual and Final report on Mineral Tenement EL 27961 Year 7, 25 October 2016 to 25 October 2017

Abstract

This document is AMI's 7th annual report on exploration work in EL 27961, and outlines work progress in geological exploration in the area covered by the license in year 2016-17 and provides independent geological report, including geochemical assay results and analysis prepared by Exploration and Discovery Pty Ltd. The major progresses made in year 2016-17 were: Data search and analysis, literature research, interpretation of existing data and reports, and further desktop studies on the EL 27961 tenement area, including open files, GIS, amass databases, and gained better knowledge of the geological settings and mineralisation of the licensed area and potential deposits of minerals; Conducted fieldwork including on-site reconnaissance and prospecting on the tenement field and also performed sampling (15 bags of rock samples) in the targeted areas; The geochemical analysis of these samples by Australian Laboratory Services (ALS). These results have been reviewed and interpreted by our geologists. Based on our current and previous exploration results and further field prospecting work undertaken by our geologists last year, we have decided to fully surrender this exploration license.