Combined Annual Report for the Comstock Group GR398, ML 30716, ML 31074 and MLC 558 18 March 2017 to 17 March 2018

Abstract

The titles of the Comstock Group were acquired by Santexco Pty Ltd (Santexco) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). Santexco is a wholly owned subsidiary of Emmerson Resources Ltd (Emmerson). This combined report records the exploration work completed on these titles during the period from 18 March 2017 to the 17 March 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 Comstock 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.