Combined Annual Report for the Mulga Group MLN 38, MLC 253 to MLC 261, MLC 376 to MLC 387, MLC 432 and MLC 522 21 July 2015 to 20 July 2016 GR371

Abstract

Exploration activity conducted consisted of drill testing a number of targets identified as part of the Kenex targeting exercise. Kenex targets are generated from the Kenex Pty Ltd (Kenex) predictive modelling of the Tennant Creek Mineral Field, this product is a statistical predictive tool for predicting the possible prospective sites for Tennant Creek style mineralisation. The model produced many target areas which contain all or some of the essential criteria for possible economic mineralisation in the Tennant Creek Mineral Field. Emmerson is assessing the generated targets and ranking them in order of potential prospectivity. The highly ranked targets are selected for field visits and desktop data compilation and validation. All this data is compiled and some rock chipping may take place during site visits to compile a geological and geophysical assessment of the target which is then ranked for future exploration. The targets identified in the Mulga Group were rated as highest priority and drill tested during the reporting year with Pprb values between 0.121661 and 0.98597. Drilling consisted of Rotary Air Blast (RAB) (MGRB001 - 018, totalling 1,166m), Reverse Circulation (RC) (MGRC003 - 005, totalling 705m) and Diamond (DDH) (MGDD001 - 002, totalling 934.3m consisting of 432m for the RC pre-collars and 502.3m of DDH). Drill results were disappointing and significant mineralisation was not encountered, therefore further work has been placed on hold pending a detailed review of the results.