Annual exploration report on EL 25082 Cattle Creek for period ending 17 September 2008

Abstract

Territory Uranium is exploring for uranium, and applied for EL 25082 to explore for U mineralisation along with 2 other contiguous tenements, EL 25060 and EL 25071. Exploration at the Helen Springs Project included data review of NTGS Phosphate Study, field reconnaissance, scintillometer traverses and geochemical/rock chip sampling. A mapping and geochemical sampling program was undertaken in the Helen Springs Project area with 48 samples taken (assayed for multi-elements) and extensive areas mapped. Results indicate that the area is prospective for Phosphate, Uranium, Vanadium and Magnesite mineralisation. Also the area has been highlighted by the NTGS to be in an area of significant phosphate exploration potential. Further exploration will be undertaken in conjunction with exploration on EL 25071 and EL 25060, as part of the Helen Springs Phosphate program. Exploration will focus on the phosphate potential within the prospective Anthony Lagoons stratigraphy. Geochemical programs will also follow up on the V and MgO anomalies identified this year.