Combined Annual Report for the Edna Beryl Group MLC's 91 - 95 and 705 GR414 1 April 2016 to 31 March 2017

Abstract

The titles of the Edna Beryl Group were acquired by TC8 Pty Ltd (TC8) and Giants Reef Exploration Pty Ltd (Giants Reef) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). TC8 and Giants Reef are wholly owned subsidiaries of Emmerson Resources Ltd (Emmerson). During the reporting period two significant activities commenced one exploration based and the second production based. The exploration based activities involved the execution of drilling programs which included 11 Diamond (DDH) drill holes totalling 606.7m and associated Reverse Circulation Pre-Collar (RCP) totalling 1,898m (EBWDD031, 032, 036, 037, 047, 049, 050, 051, 054, 055 and 056), 1 re-entry and wedge from a historical drill hole totalling 27.1m (GRED42 and 42A) and 45 Reverse Circulation (RC) holes totalling 7,691m (EBWRC001 - 030, 033 - 035, 038 - 046, 048, 052 and 053). Exploration at Edna Beryl is in its infancy and further exploration is required to define the extent of the number of ironstones in the area, the potential mineralisation of each ironstone and the overall endowment of the Camp. Further geophysics is required, a detailed ground gravity survey will be aimed at identifying the hematite ironstone bodies in the immediate Edna Beryl Mine development area, but also extensions to the known ironstones and a step into a more regional view aimed at identifying new unknown ironstones. The production based activities were based around the commencement of activities to mine the small non-JORC compliant resource that remains at Edna Beryl East under a Tribute agreement between Emmerson Resources Ltd and the Edna Berryl Mining Company. During the reporting period an Exploration MMP was granted which allowed for development works to commence, the Mining MMP is currently awaiting approval.