Combined Annual Report for the North Star Group GR410 ML 30177, ML 30870, ML 30893 and ML 30909 1 September 2015 to 31 August 2016

Abstract

The titles of the North Star Group were acquired by Giants Reef Exploration Pty Ltd (Giants Reef) and TC8 Pty Ltd (TC8) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). Giants Reef and TC8 are wholly owned subsidiaries 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 North Star Group area, these targets exhibited geological prospective rocks and structures with their overall rankings of Pprb's between 0.68685 and 0.9999316 which were very highly ranked, in particular the historical Retsina prospect ranked highest with a Pprb of 0.9999316, therefore detailed review of the target has been under taken and a field trip will be conducted and rock chipping of any outcrop observed will be undertaken and reported in the next annual report. 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 North Star Group.