Combined Annual Report for the Southern Project Area GR054, 16 February 2017 to 15 February 2018

Abstract

Exploration Licences (EL's) and Mineral Authorities (MA's) in the Southern Project Area (SPA), were acquired by Giants Reef Exploration Pty Ltd (Giants Reef) and Santexco Pty Ltd (Santexco) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG deposits). Giants Reef and Santexco are wholly owned subsidiaries of Emmerson Resources Ltd (Emmerson). This combined report records the exploration work completed on these tenements during the SPA Combined Reporting period from 16 February 2017 to the 15 February 2018. During the reporting period exploration activities were conducted under the Tennant Creek Joint Venture between Emmerson and Evolution, who has committed to spend $25M over the next 5 years. Exploration in the Tennant Creek Mineral Field was Centred on two project areas, Edna Beryl and Gecko in Emmerson's Northern Project Area (NPA). Due to the focus here Emmerson was limited in its continuation of its assessment and planning for exploration activities on the targets generated from the Kenex predictive modelling work in the SPA. Following the recent exploration success at Edna Beryl in MLC 705 these targets will be reassessed and re ranked in 2018 for future exploration.