Combined Annual Report for the Argo Group GR392, ML 30623, ML 30712, ML 30713 MLC 52, MLC 204 - 209 and MLC 524, 28 February 2017 to 27 February 2018

Abstract

The titles of the Argo Group 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 28 February 2017 to the 27 February 2018. Exploration activity was limited due to exploration focus elsewhere, future work will be around the continuing assessment, both desktop and field visits to geologically assess a number of Kenex generated targets within the Argo Group area, refer to figure 3. 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 2018 for future exploration.