Second annual exploration report for EL 25060 Brunchilly Creek for period ending 17 September 2008

Abstract

Territory Uranium Company Ltd is exploring for uranium, and applied for EL 25060 to explore for U mineralisation. 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. Elevated values of both vanadium (578ppm) and uranium (20ppm) were returned from a single sample at an unconformity related radiometric anomaly in EL 25060 Further exploration will be undertaken in conjunction with exploration on EL 25071 and EL 25082, as part of the Helen Springs Phosphate project. Exploration will focus on the uranium and phosphate potential of the tenement.