30 K P M G a n A us t r al i an par t ner s hi p an d a m em be r f i r m o f t h e K P M G net w or k o f i nd ep en de nt m em ber f i r m s a f f i l i at e d w i t h K P M G I nt er na t i on al C o op er at i v e K P M G I nt er nat i on al a S w i s s en t i t y Li abi l i t y l i m i t e d by a s c h em e ap pr ov e d un der P r o f e s s i on al S t a nd ar ds Le gi s l at i on I n d ep en d en t A u d i to r s R e p o r t To t he m e m ber s of A s s oc i a t i on of Mi ni ng a nd E x pl or a t i on C o m p a ni e s I nc O pi n i on W e ha v e a udi t ed t he Fi n a n c i al R ep o r t of t he A s s o c i a t i on of Mi ni ng a nd E x pl or a t i on C o m pa ni e s I nc t he A s s oc i a t i on I n our opi ni on t he a c c o m pa n y i ng Fi na nc i a l R epor t gi v e s a t r ue a nd f a i r v i ew i n a l l m a t er i a l r es pec t s t he f i na n c i a l pos i t i on of t he A s s o c i a t i on a s a t 3 1 D ec e m ber 2018 a nd o f i t s f i n a nc i a l per f or m a n c e a nd i t s c a s h f l ow s f or t he y e a r t hen ended i n a c c or da n c e w i t h A us t r a l i a n A c c ount i ng S t a nda r d s R educ ed D i s c l os ur e R equi r e m ent s a nd t he A s s o c i a t i ons I nc or por a t i on A c t 2015 W A The Fi n an c i a l R e por t c o m pr i s es S t a t em ent of f i na n c i a l po s i t i on a s a t 31 D e c em ber 2018 S t a t em ent of pr of i t or l os s a nd ot her c o m pr ehens i v e i n c om e S t a t em ent of c h a nges i n equi t y a nd S t a t e m ent of c a s h f l o w s f or t he y ea r t hen ended N ot es i nc l udi ng a s um m a r y of s i g ni f i c a nt a c c ount i ng pol i c i es C ounc i l l or s D ec l a r a t i on B a s i s f or opi ni o n W e c ondu c t ed our a udi t i n a c c or da nc e w i t h A u s t r a l i a n A udi t i ng S t a n da r ds W e bel i e v e t ha t t he a udi t e v i denc e w e ha v e obt a i ned is s uf f i c i ent a nd a ppr opr i a t e t o pr ov i de a b a s i s f or our opi ni on O ur r es pons i b i l i t i e s under t hos e s t a nda r d s a r e f ur t her des c r i bed i n t h e A udi t or s r e s pons i bi l i t i es f or t he a udi t of t he Fi n a n c i a l R epor t s ec t i on of our r epor t