Combined Annual Report for the Mount Samuel Group 2 MCC 212, MCC 308 and MLC 599 1 August 2016 to 31 July 2017

Abstract

The titles of the Mt Samuel Group 2 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). Emmerson also acts as agent for the estate of Mrs. Lotus Appel. This combined report records the exploration work completed on these titles during the period from 01 August 2016 to the 31 July 2017. Exploration activity was limited due to exploration focus elsewhere namely at Edna Beryl and Retsina in Emmerson's Northern Project Area (NPA). Work proposed and yet to commence will be the continuation of assessment of the Kenex generated targets within the Mt Samuel Group 2 area. These targets exhibited geological prospective rocks and structures with an overall ranking high enough usually high enough for exploration to commence immediately, but due to the sacred sites in the group area exploration has yet to commence. 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 2018 for future exploration.