Emmerson Resources is a gold focussed company utilising new exploration technologies to discover the next generation of deposits in the highly endowed Tennant Creek Mineral Field. We strongly believe in building shareholder wealth from geenfields discovery, as this is where the greatest uplift in company value occurs. We aim to do this through effective and efficient exploration programs, but importantly in a world class mineral province that has produced in excess of 5.5 million ozs of gold, yet has not seen systematic modern exploration.

We are a unique company because of the following attributes:

• Dominant ground position of some 3,000km2 in the very high grade Tennant Creek Mineral Field – this is a preeminent ground position that would be difficult to replicate today
• Well funded by virtue of the recently announced $28m Joint Venture with Ivanhoe Australia – provides $28m of sole funding by Ivanhoe to earn a 51% interest in the Emmerson tenement package
• Strong cash position of between $12-13M -  projected to remain at these levels whilst Ivanhoe are sole funding
• Emergence of at least 26 new undercover greenfields targets (that is targets that remain untested by previous explorers), which have tier 1 (+1moz gold) potential – drilling is underway with 3 drill rigs operating
• Application of new technologies that are providing some very exciting results and are aimed at unlocking new deposits that have been invisible to previous explorers – early results already flowing but exploration and drill testing to continue over a 2-3 year period
• Owner of the only gold plant in the area –300,000tpa CIP mill on “care and maintenance” with high strategic value
• Highly competent Management and Exploration Team of  7 geoscientists with strong backgrounds in Mineral Discovery- great people on great projects
• Experienced Board – mix of commercial, Investor relations and Mining backgrounds    

Exploration - Overview
The key to reinvigorating the Tennant Creek Mineral Field (TCMF) is the application of new concepts and technologies. It can be seen from the chart below that discovery (and subsequent production) of new deposits is strongly tied to the application of appropriate concepts and technology. Historically this was magnetic geophysics –the best discovery rate (and corresponding production) followed the BMR aeromagnetic survey in 1955, then reactivation of the brownfields followed the more detailed AGSO survey in 1987.

Mineralisation in the Tennant Creek Mineral Field

The gold-copper-bismuth mineralisation of the TCMF is predominantly hosted in magnetite-chlorite-hematite ironstones or sheared variants. The ironstones and mineralisation are localised in EW to WNW trending structures that have historically been referred to as “lines”. The ironstones and mineralisation are discordant to the folded Warramunga Formation rocks and tend to be located in structural flexures, near the hinge zones of the fold axes.

Based on historical data, the mineralisation occurs in small-to-medium sized lenses within sheared ironstone. The lenses are usually high grade with most gold deposits averaging 15-20g/t and copper 2-4%. Some of the more famous mines in the TCMF include Nobles Nob, White Devil, Warrego and Juno.

A  recent revision of the age dates from the Tennant Creek region now indicate a much closer temporal relationship between the mineralisation and the Tennant Creek Intrusive complex – a further factor that indicates similarities with other iron oxide copper – gold (IOCG) deposits such as Olympic Dam and Prominent Hill in the Gawler Craton of South Australia, and Ernest Henry within the Cloncurry District of North Queensland.    

Furthermore the TCMF is no different to other IOCG provinces, in that the metal assemblages and concentrations vary from deposit to deposit. Some deposits, such as Nobles Nob, Juno and White Devil are predominantly gold systems; Warrego is a gold-copper-bismuth deposit; while Peko and Geko are copper-gold deposits. Similarly for uranium, although apart from a known resource at the North Star mine and reports of uranium from Edna Beryl and Warrego, its distribution and concentration is at this stage unknown.

Some primary deposits in the TCMF are hosted predominantly in magnetite ironstones (e.g. White Devil); others are mixed hematite-magnetite (Chariot) or hematite-dominant (Edna Beryl, Malbec). Shear zone-hosted gold-copper mineralisation outside of the ironstones, further indicates the diversity of mineralisation styles present in the district. Other gangue minerals include chlorite, muscovite, talc, dolomite and sericite.

The sulphide content of these primary deposits rarely exceeds 10% and common ore minerals include chalcopyrite, native gold, cobaltite and bismuthinite. The gold-dominant oxide and primary ores are generally free-milling, which can result in high recoveries (up to 98%) being achieved.

Oxidation extends up to 120 metres below the surface and, within the ironstones, results in a hematite-goethite-quartz-clay assemblage. The copper mineralisation is typically leached and depleted while the gold mineralisation can be spectacularly upgraded.

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Northern Project Area

There are several known prospects in the Northern Project Area such as Whippet (Oxide Au), Enda Beryl (Au) and the North Star, Orlando and Marathon groups (primary Cu/Au).

More greenfields target areas include an area highlighted by ground gravity survey between North Star and Klondyke and several poorly tested magnetic and shear zone targets to the North of Geko and the East of marathon line.

Exploration, Western Project Area

This project area contains an extension to the historically productive Ivanhoe and Warrego-White Devil lines where various magnetic and geochemical anomalies have been identified. The area also contains several known prospects such as Red Bluff, Merlot, Explorer 80 and Smelter Deeps.

Exploration - Southern Project Area

The Southern Project Area was the area of most recent mining by Giants Reef (Chariot and Malbec) and contains many magnetic/gravity targets such as Malbec North, West and Central, West Gibbet and Tinto.  These targets may be followed up over time.

Exploration, Eastern Project Area

Blue Moon (oxide Au), Billy Boy and associated extensions are the higher ranked prospects in this area.

Andrew McIlwain   BE (Mining) – Melb, MAusIMM
Non-Executive and Independent Chairman (appointed February, 2007)
 
Mr McIlwain has over 20 years experience in the mining industry.  He is a qualified mining engineer and has held technical, senior management and executive roles within Mount Isa Mines Limited, Central Norseman Gold Corporation, WMC Resources and Lafayette Mining Limited.
 
Mr McIlwain brings operational and corporate experience in a variety of fields including establishment of operational sustainability, project development and both equity and conventional debt financing. He most recently held the position of Managing Director of Lafayette Mining Limited and joined Emmerson’s Board in February, 2007.

Rob Bills    B.Sc, M.Sc
Managing Director and Chief Executive Officer (appointed September, 2007)

Mr. Bills holds a Bachelor of Science degree (Monash University 1984) and a Master of Science (James Cook University 1989). He joined Emmerson Resources in September 2007 after a 25 year career in exploration and mining with Western Mining Corporation (WMC), then BHPBilliton. During his career with WMC Mr. Bills held numerous senior management positions including Senior Mine Geologist at Kambalda, Senior Research Geologist for Australasia, President Director of WMC Indonesia, Group Exploration Manager with WMC and most recently at BHPBilliton held the position of Global Commodity Specialist. Mr. Bills brings to the Company a track record of global exploration and management success including a detailed knowledge of Iron Oxide Au-Cu-U deposits and a deep understanding of the exploration business.

Tim Kestell   B.Com
Non-Executive Director (appointed November, 2005)

Mr Kestell has extensive experience in capital markets, company formations and reconstructions.  In the past four years he has played an integral part in the listing/re-listing of four companies on the ASX, including: CTI Communications, Poltech International and Riley Corporation. Prior to this Mr Kestell held securities advisory positions with leading Perth stockbrokers Euroz Securities and Paterson Ord Minnett (renamed Patersons). Other positions included working for HSBC and Dresdner Kleinwort Benson in London and one year at Plutonic’s Mt Morgan gold mine in the Laverton region.

Mr Kestell holds a Bachelor of Commerce from Curtin University where he completed a double major in accounting and business law and is currently a director of ASX listed company New Opportunity Limited (ASX code NOP).  He is also on the board of Optimised Investments Limited (a Deutsche Bank backed investment company).

Simon Andrew B.Sc (honours)
Non-Executive Director (appointed July, 2007)

Mr Andrew has significant experience in the Australian and Asian financial markets. This has included six years in equity research covering the Asian refining and petrochemical sector for a leading European investment bank. He also has extensive experience in corporate financing transactions involving both equity and hybrid equity instruments. He is currently a senior executive in the equity derivatives division of a United States investment bank.  

Mr Andrew holds a Bachelor of Science degree (honours) with a major in applied chemistry from Curtin University. His undergraduate course work included extensive study of gold chemistry and processing.

Peter Reeve     B.sc
Non-Executive Director (appointed April, 2009)

Peter has been involved in the Australian resources industry for approximately 25 years after qualifying as a metallurgist in the early 1980s. His industry experience includes positions with Rio Tinto, Shell-Billiton and Normet Consulting, a metallurgical consulting firm, before joining Goldman Sachs/JBWere in Investment Management and Corporate Finance roles relating to the Australian resource industry.

In 2001, Peter joined Newcrest Mining Ltd., as part of the Executive Committee responsible for corporate development and market related aspects for the group, a position that he occupied until 2006. Peter is also a director of Ivanplats Syerston Pty Ltd, Ivanplats Holding Company Pty Ltd and Ivanplats Services Pty Ltd (all Australian subsidiaries of Ivanhoe Nickel & Platinum Ltd.). Peter has a Bachelor of Science (Metallurgy) from RMIT University.

Shane Volk    
Chief Financial Officer (appointed March, 2007)

Shane Volk has twenty years experience in the mining and minerals exploration business. A graduate (1985) from the Royal Melbourne Institute (Melbourne) B.Bus (Accounting), Shane commenced his career with BHP, spending almost 4 years at their manganese mine at Groote Eylandt, Australia. A ten year career with Canadian headquartered international gold mining company Placer Dome (since acquired by Barrick) followed, initially in Papua New Guinea (Porgera gold mine), then 6 years based in Jakarta, Indonesia responsible for the commercial aspects of Placer Dome’s Asian exploration activities (Indonesia, Philippines and China). A three year appointment with Indonesian Coal miner PT Kaltim Prima Coal, as General Manager Commercial preceded his return to Australia to take up his current position with Emmerson Resources.

Justin Hankinson 
Consultant Special Projects – Tennant Creek (appointed August 2006)

Justin Hankinson has 27 years experience in the mining and exploration industry including time with Aberfoyle Exploration (field technician), Western Mining Company (as technician, then deep hole driller and miner at Olympic Dam), prior to commencing what is now a 21 year career living and working in the Tennant Creek Goldfields.

At Tennant Creek Justin was initially employed with Australian Development Limited, then the Normandy Group of Companies until 2001 when he joined Giants Reef Mining. His roles have included, Senior Field Technician, Mines Surveyor (MIMES), Projects Officer, Environmental Officer, Care and Maintenance Manager and Small Mine Manager.

Justin commenced his present role at Tennant Creek following Emmerson Resources acquisition of its current suite of Tennant Creek mining and exploration assets in August, 2006. 

Steve Russell   
Exploration Manager (appointed December, 2007)

Steve holds a Bachelor of Science (Hons) degree in Applied Geology, graduating from Curtin University in 1995. Steve has been involved in the mineral exploration business for over 13 years and has explored for a range of commodities including gold, base metals and more recently, mineral sands.

Steve commenced his career with Sons of Gwalia (SGW) as a cadet in Marvel Loch, Western Australia.  On completion of several years with SGW Steve moved to the Solomon Islands with Ross Mining and then into the Tennant Creek region, Northern Territory, where he held various senior positions with Giants Reef Mining (GRM).  Immediately prior to commencing with Emmerson Resources Steve held a senior exploration role with Iluka Resources Limited (ILU) in the Midwest of Western Australia.

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