Combined Annual Report for the Edna Beryl Group MLC's 91 - 95 and 705 GR414 1 April 2017 to 31 March 2018

Abstract

The titles of the Edna Beryl Group were acquired by TC8 Pty Ltd (TC8) and Giants Reef Exploration Pty Ltd (Giants Reef) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). TC8 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 April 2017 to the 31 March 2018. The exploration based activities involved the execution of drilling programs which included 3 Diamond (DDH) drill holes totalling 569.3m (includes 1 wedge hole on EBWDD064-W1) and 3 associated Reverse Circulation Pre-Collar (RCP) totalling 708m (EBWDD064, 064W1, 073 and 076) and 25 Reverse Circulation (RC) holes totalling 4,984m (EBWRC057 - 084) with drill stats summarized below in table 2. The recent (subject of this report) drilling program at Edna Beryl has had mixed success with ironstones and significant mineralisation intersected but also lack of ironstones and mineralisation on a regional scale, the results of the drilling is best summarized in tables 3. Exploration at Edna Beryl remains in its early stages and further exploration is required to define the extent of the number of ironstones in the area, their extent, continuity and potential mineralisation of each individual ironstone as well as the overall endowment of the Edna Beryl Group 'Camp of ironstones' over the regional setting, hence away from the Edna Beryl Mine and more towards the Carraman - Klondyke Area. Further geophysics may be required. There were no production based activities during the reporting period due to no processing option being in place. Emmerson and the EBMC are currently working through potential solutions for processing of the Edna Beryl ore, with a solution aimed to be finalised by the end of June. When this processing solution has been approved and is under construction mining at Edna Beryl will recommence. During the reporting period the Mining MMP was granted, but as detailed above no activities commenced.