Combined Annual Report for the Jubilee Group ML's 30636, 30874, 30886, 30885, 31076 and MLC 626 GR419 1 June 2016 to 31 May 2017

Abstract

The titles of the Jubilee Group were acquired by Santexco and Giants Reef to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). Santexco and Giants Reef are wholly owned subsidiaries of Emmerson. This combined report records the exploration work completed on these titles during the period from 1 June 2016 to the 31 May 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 Jubilee 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.