Combined Annual Report for the TC8 Group MCC 524 and ML's 30322 and 31123 and MLC's 591 - 597, 601 - 605 and 654 GR400 1 November 2016 to 31 October 2017

Abstract

The titles of the TC8 Group were acquired by TC8 Pty Ltd (TC8) and Santexco Pty Ltd (Santexco) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). TC8 and Santexco are wholly owned subsidiaries of Emmerson Resources Ltd (Emmerson). This combined report records the exploration work completed on these titles during the reporting period 1 November 2016 to the 31 October 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 TC8 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.