The Elevado Project drilling programme and project wide "regional" exploration is now well underway with the completion of the diamond-drilling stage of the schedule. In comparison to past summer campaigns, EMU is well ahead having established a camp, commenced the regional exploration programme and finalised Stage 1 of the drilling programme before the end of the calendar year. The preparation and effort by the teams on site have paid off and EMU is on track to finalise the planned programme well before the onset of the off-season. This will allow EMU flexibility to extend activities in the current season if warranted. Stage 1 Drilling (Diamond Drilling): Emu successfully completed its HQ-size diamond core drilling programme with single holes into each of two geological/structural/geophysical targets along sections 5300N (Vidalita prospect) and 7300N (North-East Plains prospect). The holes were drilled to 428m and 400m respectively testing targets identified during the project evaluation stage in the 2019 winter review process. Each of the IP targets occupy favorable structural positions within brecciated Miocene age volcano-sedimentary units. Target positions display strong sulphide (pyrite) content in fine disseminations and veinlets and alteration assemblages are predominantly Intermediate Argillic (IA). All core has been photographed, geologically logged and ½-core samples dispatched to ALS Copiapo for preparation and then analyses by ALS Lima. Assay results are expected before the end of January 2020. Stage 2 Drilling (Reverse Circulation): The style of new targets established during the present regional exploration programme has indicated the need for reverse circulation (RC) drilling. Previously, EMU utilised aircore (AC) drilling to great effect, predominantly within the Vidalita prospect. However, the new target-styles suggest advantages will accrue with the use of a conventional approach and RC drilling contractor. Unlike the relatively shallow, soft-rock AC-technique, RC is expected to achieve the required penetration and drilling depth where more competent rock types are apparent in the surface expression of some of the Stage 2 RC Programme targets. For this reason, a suitable RC rig will be mobilised to complete the second-stage drilling during January-February. This programme will test targets within the Vidalita, Peon, Arroyo Ancho, Jotahues and Jotahues Norte prosects, as well as possible new targets yet to be identified with vectors obtained from the stream sediment sample assay results that are nearing completion. Figure 1 shows the position of completed diamond core holes and target zones for the upcoming RC-drilling programme. Camp and Logistics Support: The camp infrastructure and logistics support at Elevado this season have been first class and an improvement on past campaigns. The facilities and equipment employed by EMU's camp and logistics contractors have ensured a seamless support system for its drilling and exploration activities. The programme is scheduled to be completed at the end of March. The timeframe gives EMU the flexibility, if required, to extend its activities in the programme to conduct further exploration and drilling.