Combined Annual Report for the Billy Boy Group ML 22284, ML 30815, ML 30945 and ML 30938 GR393 1 December 2016 to 30 November 2017

Abstract

The titles of the Billy Boy Group were acquired by Giants Reef Exploration Pty Ltd (Giants Reef) and Santexco Pty Ltd (Santexco) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). Giants Reef and Santexco are wholly owned subsidiaries of Emmerson Resources Ltd (Emmerson). This combined report records the exploration work completed on these titles during the period from 1 December 2016 to the 30 November 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 Billy Boy 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.