Combined Annual Report for the Edna Beryl Group MLC's 91 - 95 and 705 GR414 01 April 2015 to 31 March 2016

Abstract

During the reporting period two significant activities commenced one exploration based and the second production based. The exploration based activities involved the commencement of planning for the execution of a drilling program to test for extensions to the known mineralisation and small (non-JORC) resource at Edna Beryl East. The program will commence in the next reporting period and will therefore be detailed in next year's report. The production based activities is based around the commencement of activities to mine the small non-JORC compliant resource that remains at Edna Beryl East. The activities that commenced during the reporting period consisted of the appointment by Emmerson of 'The Edna Berryl Mining Company' as operators; the commencement of the refurbishment of the existing two mine shafts at Edna Beryl East; the submission and approval for the construction of an evaporation dam; the submission of an Exploration MMP and compilation, which remains ongoing of a Mining MMP. The refurbishment of the two existing mine shafts and the construction of the evaporation dam were approved and conducted under approved plans submitted as part of Emmerson's Northern Project Area MMP - Authorisation 0467-03, the plans and approval for these activities accompanies this report. The refurbishment of the two shafts has been completed and the evaporation dam is still under construction, further work will commence on the completion of the dam construction. Other exploration activity included field visits to geologically assess a number of Kenex generated targets within the Edna Beryl Group area, refer to figure 4. The targets generated in the Edna Beryl Group area exhibited geological prospective rocks and structures with their overall rankings of Pprb's between 0.207571762 and 0.8096608285 generating a number of high priority targets requiring followup. Further to this, the success of the application of the 'Archimedes' technology which has the aim of defining the existence of ironstones at depth, whether magnetite or hematite and a more accurate representation of the position of such an ironstone in 3D space, may have large implications for targeting techniques in the entire Tennant Creek Mineral Field, but more specifically the Edna Beryl Group.