Combined Annual Report for the Peko Group, MCC 239, MCC 240, MLC 406, MLC 407, MLC 408 and MLC 409 GR412 1 October 2015 to 30 September 2016

Abstract

The titles of the Peko Group were acquired by Santexco Pty Ltd (Santexco) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). Santexco 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 Peko Group area, these targets exhibited geological prospective rocks and structures but their overall ranking of Pprb's between 0.0727358 and 0.336824 wasn't high enough for exploration to commence immediately. 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 Peko Group.