Annual Report Year 15 EL 10189 Tintagel Project for the period 23 July 2016 to 22 July 2017

Abstract

This annual report outlines exploration activities undertaken by Merlin Diamonds Limited on Exploration Licence 10189 between the 23rd July 2016 and the 22nd July 2017. This period represents Year Fifteen of the Licence. Exploration Licence 10189 is situated on the Bauhinia Downs (SE53-03) and Wallhallow (SE53-07) 1:250,000 map-sheets, and the Glyde and Lancewood 1:100,000 topographic map-sheets in the Batten Region of the Northern Territory. It is located around 100 kilometres south of Borroloola and is accessed via existing unsealed tracks leading south from the Merlin Mine or north from Kiana Station. No field related exploration work was conducted during the reporting period on the Licence. This is due to the redirection of Company's technical and financial resources to recommence commercial-scale mining operation at the Merlin Mining Lease MLN 1154. Merlin Mining Lease MLN 1154 is located 13 km north of the EL 10189. It is anticipated that with the completion of development work on the mine, exploration work on the title will resume as planned.