Annual report Year 19 MLN 1154 Merlin Diamond Project Annual report for the period 1 January 2016 to 31 December 2016

Abstract

No on-ground exploration occurred during 2016. Planning for the proposed 2017 RC drill program commenced, with fourteen targets prioritised from the 2014 Geophysical Review. A further fifteen targets have been identified as requiring additional on-ground work, such as detailed ground EM, to resolve the target. The company continued to review rehabilitation progress using a photographic survey undertaken after the wet season, and at the end of the following dry season. The 2016 surveys were undertaken in April and November. Water quality and water level testing in mine voids and strategic water bores around the lease continued using a TPS 90 FLT water quality meter and a Herron Dipper T water level meter. During 2016, the company achieved a number of steps towards re-establishing full production at the Merlin Diamond Mine. The Mining Management Plan was approved in September 2016 initiating the first on-ground work.