Combined Annual Report for the White Devil Group GR404 ML 30782, MLC 554, MLC 557, MLC 559, MLC 560, MLC 675, MLC 676 and MLC 700 01 February 2016 to 31 January 2017

Abstract

The titles of the White Devil Group were acquired by Santexco Pty Ltd (Santexco) and Giants Reef Exploration Pty Ltd (Giants Reef) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). Santexco and Giants Reef are wholly owned subsidiaries of Emmerson Resources Ltd (Emmerson). This combined report records the exploration work completed on these titles during the period from 01 February 2016 to the 31 January 2017. Exploration activity was limited due to exploration focus elsewhere, future work will be around the continuing assessment, both desktop and field visits to geologically assess a number of Kenex generated targets within the White Devil Group area, refer to figure 4. These targets exhibited geological prospective rocks and structures but their overall ranking wasn't high enough for exploration to commence immediately. Following the recent exploration success at Mauretania in EL 28761 and Edna Beryl in MLC 705 these targets will be reassessed and re ranked in 2017 for future exploration. The White Devil Group incorporates the significantly prospective Navigator Fault which bisects the group area, prominent VRMI anomalism is also associated along this structure and also bounding either side of it. This area has been covered by the HeliTEM survey that was flown over the historical White Devil Mine Area, located in the central portion of the group. This data has yet to be analysed in great detail only in a high level manner, and will be interpreted and analysed as resources to do so become available.