Annual Report ML 30620 5 February 2015 to 4 February 2016

Abstract

During the reporting period no exploration activities were conducted due to corporate reasons, which entailed the seeking of a Joint Venture (JV) Partner or further funds to continue exploration in the Tennant Creek area and more specifically ML 30620. Emmerson succeeded in securing Evolution as a Joint Venture Partner who has committed to spend $25M over the next 5 years. Following the formation of this JV, Emmerson has commenced exploration activities and will evaluate the prospectivity and then rank work for the title as per its prospectivity in comparison to the other 400+ titles Emmerson explores in Tennant Creek. The title contains the historical Kia Ora historical mine, but more importantly clear anomalous mineralisation that may warrant further exploration and follow-up. Emmerson considers the title to be of high value for its identified anomalous zones and further exploration potential, but future exploration will be dependent on the prospectivity ranking in relation to the other 400+ titles in the Tennant Creek Mineral Field held by Emmerson.