Annual Report ML 30742 18 March 2015 to 17 March 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 30742. Emmerson succeeded in securing Evolution as a Joint Venture Partner who has committed to spend $25M over 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 Black Cat Mine, but more importantly clear gravity anomalism and very subdued VRMI responses. Work was conducted immediately outside the ML but is not reported in this Annual Report, it is reported under EL 28761 in the Eastern Project Area Combined Report submitted on 15 January 2016. 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.