Combined Annual Report for the Mount Samuel Group 3 GR466 MCC 334, MCC 344, MCC 364, MCC 365, MCC 366, MLC 49, MLC 527 and MLC 645, 1 August 2017 to 31 July 2018

Abstract

The titles of the Mt Samuel Group 3 were acquired by Santexco Pty Ltd (Santexco) and Giants Reef Exploration Pty Ltd (Giants Reef) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). Santexco and Giants Reef 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 August 2017 to the 31 July 2018. Exploration activity was limited due to exploration focus elsewhere namely at Edna Beryl and Mauretania in Emmerson's Northern Project Area (NPA) and Eastern Project Area (EPA). Work proposed and yet to commence will be the continuation of assessment of the Kenex generated targets within the Mount Samuel Group 3 area. 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 sites no on-ground exploration work has been able 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 2018/19 for future exploration.