Annual report for EL 23590 Frances Creek East, for the period 28 February 2008 to 27 February 2009

Abstract

Work undertaken during the reporting year ending 27 February 2009 within EL 23590 was confined to desk top studies to prioritise the exploration efforts across Territory Resources iron ore tenements in the Northern Territory. Drilling on the active deposits on tenement ML 24727 took priority over drilling on EL 23590. In addition extensive heritage work was required to support exploration drilling, mine development, and production ramp-up on ML 24727. Availability of resources was such that significant ground work was not possible on this tenement; however, the tenement was visited to assess overall prospectivity for iron ore. The desk stop review and the field visit showed poor potential for iron ore.