Annual Report on Mineral Tenement EL 27942 Alice Springs Region 25 October 2018 to 24 October 2019

Abstract

This is AMI Resources Pty Ltd (AMI)'s annual report on EL 27942 for year 2018-19, summaries work progress in geological exploration in the mineral tenement area covered by this license in the year and provides geological report based on field geological prospecting and geochemical analysis results. This report will then propose further exploration work programs in the next year. AMI has made a new progress in conducting geological survey, research and fieldwork prospecting. In particular, we have done more mapping, geo-engineering and sampling in the targeted areas. The geochemical assay results of rock samples have helped us in target generation and have prepared AMI for significant geological programs, especially drilling exploration in the forthcoming years. The major progresses made in 2018-19 year are listed below: Review and assess of existing literature, previous and current exploration results, refining the drilling targets; Conducted field geo-engineering work for mapping and delineation of mineralised veins and ore-bodies, targeting for geochemical and geophysical exploration, and planning for drilling; Carried out geochemical exploration for rocks samples (20 bags of rock-chips), with assays results being clearly indicative.