Annual Report ML 23969 17 March 2015 to 16 March 2016

Abstract

During the reporting period no exploration activities were conducted due to the focus of Exploration activities in the Billy Boy and Mauretania Areas in Emmerson Resources Ltd's (Emmerson) Eastern Project Area (EPA). Emmerson continues as manager and operator of the Tennant Creek Joint Venture, secured with Evolution Mining (Evolution) as a Joint Venture Partner who has committed to spend $25M over 5 years. As part of this continuing TCJV Emmerson 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 Gecko Mine has remnant resources and also located on the structure of Emmerson most recent Goanna and Monitor discoveries. It is expected that ML 23969 ranks very highly for prospectivity therefore exploration activities should resume in the near future.