Combined Annual Report for the Wine Line Group GR405, MCC 55, MCC 56, MCC 57, MLC 18, MLC 66 and MLC 67, 1 February 2016 to 31 January 2017

Abstract

The titles of the Wine Line 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). 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 exploration will focus on desktop and field visits to geologically assess a number of Kenex generated targets within the Wine Line Group area. 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.