Annual Report (including a bridging report component) to cover exploration activities over MLC's 21, 69, 70, 78, 85 - 90, 323 - 327, 668 and ML 23969 and MCC's 1077 - 1082, 1 August 2006 to 12 January 2012

Abstract

Emmerson conducted exploration over the subject tenure which included Reverse Circulation (RC) and Diamond (DDH) drilling of HeliTEM targets. The re-evaluation of the In-Situ Resources at the Historical Gecko Mine. Both activities were positive in results with drilling intersecting high grade gold and copper and the re-evaluation of in-situ resources outlining a JORC compliant resource which was subsequently released to the ASX. As detailed above Emmerson will continue exploration of these two discoveries during 2012 and further into the future to define any economically viable deposits and further evaluate and develop the HeliTEM targeting concept to apply in other areas of the Tennant Creek Mineral Field.