Annual Report for Golden Slipper ML 30176 15 April 2015 to 14 April 2016

Abstract

The Queen of Sheba title was acquired by Giants Reef Exploration Pty Ltd (Giants Reef) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). Giants Reef is a wholly owned subsidiary of Emmerson Resources Ltd (Emmerson). This combined report records the exploration work completed on this title during the period from 15 April 2015 to the 14 April 2016. Exploration activity conducted was limited due to exploration focus elsewhere as described above. Emmerson conducted a number of field visits to geologically assess a number of Kenex generated targets within the Queen of Sheba area, these targets exhibited geological prospective rocks and structures but their overall ranking wasn't high enough for exploration to commence immediately and some titles were also affected by the exclusion and restricted work zones form the CLC and AAPA. Further to this, the success of the application of the 'Archimedes' technology which has the aim of defining the existence of ironstones at depth, whether magnetite or hematite and a more accurate representation of the position of such an ironstone in 3D space, may have large implications for targeting techniques in the entire Tennant Creek Mineral Field, but more specifically the Queen of Sheba Area.