Combined annual report for the northern project area 16 August 2006 to 15 August 2007

Abstract

Exploration Licences ('EL's') in the Northern Project Area (NPA), were acquired by Giants Reef Exploration Pty Ltd (Giants Reef) and Santexco Pty Ltd (Santexco) to search for Tennant Creek style iron oxide copper-gold deposits. Giants Reef and Santexco are wholly owned subsidiaries of Emmerson Resources Pty Ltd (Emmerson). This combined report records the exploration work completed on these EL's during the NPA Combined Reporting period from 16 August 2006 to the 15 August 2007. During the reporting period, exploration conducted over the NPA was limited to desktop studies and the commencement of preparations for a pre-feasibility study into the potential of a Micro Mining Project, which incorporates two candidates located within the NPA.