Annual Report for Golden Slipper ML 30176 15 April 2017 to 14 April 2018

Abstract

The Queen of Sheba title was acquired by Giants Reef Exploration Pty Ltd (Giants Reef) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). Giants Reef is a wholly owned subsidiary of Emmerson Resources Ltd (Emmerson). This combined report records the exploration work completed on this title during the period from 15 April 2017 to the 14 April 2018. Exploration activity conducted was limited due to exploration focus elsewhere as described below. Emmerson continued its evaluations to geologically assess a number of Kenex generated targets within the Queen of Sheba title, these targets exhibited geological prospective rocks and structures but their overall ranking wasn't high enough for exploration to commence immediately and some titles were also affected by the exclusion zones form the CLC and AAPA. Emmerson has now submitted a request to surrender the title in full, should this request be accepted a Final Report will be lodged as required. The area currently covered by ML 30176 will be subsumed by Emerson' s EL 26595.