Combined Annual Report for the North Star Group GR410 ML's 30177, 30870, 30893 and 30909 1 September 2017 to 31 August 2018

Abstract

The titles of the North Star Group were acquired by Giants Reef Exploration Pty Ltd (Giants Reef) and TC8 Pty Ltd (TC8) to search for Tennant Creek style iron oxide copper-gold deposits (IOCG). Giants Reef and TC8 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 September 2017 to the 31 August 2018. Exploration activity was limited due to exploration focus elsewhere namely at Edna Beryl and Mauretania in Emmerson's Northern Project Area (NPA) and Eastern Project Area (EPA). Work proposed and yet to commence will be the continuation of assessment of the Kenex generated targets within the North Star Group area. 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 2018/19 for future exploration. Outside of exploration activities titles of the North Star group have become part of an application for an Authorisation in relation to the dewatering of the Edna Beryl Mine located to the east of the group. The Authorisation application is for mine water to be pumped approximately 7km via a black polypropylene pipeline from the Edna Beryl mine evaporation dam located adjacent to the Edna Beryl mine on MLC 705 to the decommissioned Northern Star pit located on ML 30177. The pipeline will travel through ML's 30870 and 30909. The proposal is for the refurbishment and operation of the existing pipeline from the Edna Beryl Mine to pump mine waters to allow for mining of the Edna Beryl Mine. The existing pipeline was constructed in 2004 under Addendum 2 - Mine Water Discharge to Northern Star Pit, March 2004, Authorisation 0030-01, but due to its non-operation since 2005 and damage from wildfires and theft, the existing pipeline will need to be refurbished. The application is currently being assessed.