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This annual and final report presents a summary of the geological and exploratory activities carried out during the term ending 10th May 2015 for EPC 1476, Emerald South Project. In 2012, the tenement was renewed until 10th May 2015 to continue resource exploration in the area although the size of the tenement was reduced from one hundred and five (105) sub-blocks to eighty four (84) sub-blocks.

EPC 1476 is located 40km west of the township of Springsure. The main access is by the partly-sealed Dawson Developmental Highway west to Tambo. A sparse network of secondary roads and dry weather tracks are accessible throughout the tenure area. EPC 1476 is located approximately 45km south -west of the coal haulage rail corridor that extends to Springsure (Aurizon, 2012).
EPC 1476 is one of a group of tenures belonging to Fox Resources Limited (ASX: FXR) which is located on the eastern margin of the Galilee Basin, and on the boundary of the Springsure Shelf of the Bowen Basin, where basal sequences of the Jericho and Jochmus Formation (Joe Joe Group) onlap the exposed Drummond Basin rocks to the east. Over some parts of the project area, these Carboniferous and Permian sequences are obscured beneath Cainozoic cover.