Combined Annual Report for the Smelter Group ML 30781 and ML 30784 GR399 10 April 2015 to 30 September 2016

Abstract

The titles of the Smelter Group were 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). Exploration activity conducted was limited due to exploration focus elsewhere. Emmerson conducted a number of field visits to geologically assess a number of Kenex generated targets within the Smelter Group area, these targets exhibited geological prospective rocks and structures but their overall rankings of Pprb's between 0.00626647 and 0.08599 weren't high enough for exploration to commence immediately. Emmerson is currently trialing the application of a new technology 'Archimedes' which is the application of a proprietary algorithm to geophysical data, this is done by the Archimedes group. The aim is to define 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. Emmerson is trialing this at two separate areas, one in the Eastern Project Area (The Susan Block) and one in the Northern Project Area (Gecko Block). The success of this technology may have large implications for targeting techniques in the entire Tennant Creek Mineral Field, but more specifically the Smelter Group.