Annual Report on Mineral Tenement EL 27942 Alice Springs Region 25 October 2016 to 24 October 2017

Abstract

AMI has made a substantial progress in conducting geological survey, research and fieldwork prospecting. In particular, we have done further sampling in the targeted areas for geochemical analysis, including both rock-chips and soil samples. The geochemical assay results have helped us in target generation and have prepared AMI for significant geological exploration in the forthcoming years. The major progresses made in 2016-17 year are listed below: Data search and analysis, literature review, interpretation of existing data and reports from various sources; Conducted on-site prospecting, reconnaissance and sample collections and assessments; Carried out geochemical exploration for rocks and soil samples (12 bags of rock-chips and 98 bags of soil), with assays results being prospective. We also built up strategic partnership and joint work projects with a Chinese company, in both geological exploration and investment programs.