Combined Annual Report for MLC 617 1 January 2017 to 31 December 2017

Abstract

The title MLC 617 was 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 Mr. John Love and Ms Lotus Appel. This combined report records the exploration work completed on these titles during the period from 1 January 2017 to the 31 December 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 MLC 617. These targets exhibited geological prospective rocks and structures with an overall ranking usually high enough for exploration to commence immediately, but due to the sacred site on-ground exploration activities were unable 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.