Combined annual report for the Southern Project Area 16 February 2006 to 15 February 2007

Abstract

This ground was acquired by Giants Reef Exploration Pty Ltd and Santexco Pty Ltd to search for Tennant Creek style iron oxide copper-gold deposits. Giants Reef Exploration Pty Ltd and Santexco Pty Ltd are wholly owned subsidiaries of Emmerson Resources Pty Ltd. This combined report records the exploration work completed on these ELs during the SPA Combined Reporting period from 16 February 2006 to the 15 February 2007. As a result of the restructure for the sale of Centralian Minerals under administration, all former Centralian Minerals Limited (and its subsidiaries, including Giants Reef Exploration) tenements were void of in-ground exploration over the administration and Emmerson's purchase period. Emmerson Resources purchased Centralian Minerals Limited and all its subsidiaries, including Giants Reef Exploration on 1 August 2006, and now with the employment of new administration and geological staff, Emmerson Resources Pty Ltd will reassess all previous exploration work conducted over the licences with the aim of generating geophysical/geological test targets, pending favourable results regolith drilling.