Annual Report for the Chariot Group ML 23216, MLC 176 and MLC 177 GR396, 19 July 2017 to 18 July 2018

Abstract

This annual report records any activities completed on the Chariot Group during the reporting period from 19 July 2017 and 18 July 2018. Exploration activity was limited due to exploration focus elsewhere namely at Edna Beryl and Mauretania in Emmerson's Northern Project Area (NPA) and Eastern Project Area (EPA). Work proposed and yet to commence will be; the continuation of assessment of the Kenex generated targets within the Chariot Group area. These targets exhibited geological prospective rocks and structures but their overall ranking wasn't high enough for exploration to commence immediately. Following the recent exploration success at Mauretania in EL 28761 and Edna Beryl in MLC 705 these targets will be reassessed and re ranked in 2018/19 for future exploration; and commencement of a reassessment of the Chariot deposit to examine its economics, potential for expansion of the defined resource with a view to incorporating it into its small mines portfolio. This assessment is likely to commence in the second half of 2018 and be finalised and reviewed by the end of 2018.