Annual Report Year 20 MLN 1154 Merlin Diamond Project Annual report for the period 1 January 2017 to 31 December 2017

Abstract

During the reporting period, exploration focus has been on testing targets selected from the company's extensive historical database comprising airborne and ground geophysical, soil geochemical, and indicator mineral datasets. Forty-two priority targets were selected for drill testing, and high-resolution ground EM surveys were undertaken over six to assist with resolving the target prior to finalising drill collar locations. The exploration Mining Management Plan for the 2017 Merlin drill program was compiled by enviroMINDed and submitted in April. The program was approved by the DPIR in May, with Authorisation Number 0736-01, providing permission for Merlin to commence work. Drilling commenced on 11th July, and was completed on 21st August, with a total of 155 holes drilled for 2,871 metres. No kimberlite pipes were intersected during the program, although the presence of a narrow kimberlite fissure between Kay and Bedevere was confirmed. In mid September, all necessary rehabilitation work was undertaken at each drill target prior to the commencement of the wet season.