(Final) Relinquishment report on EL 26880 for the period 4 March 2009 to 8 June 2010 Frances Creek Project

Abstract

This relinquishment report details exploration activity conducted by Territory Iron Pty Ltd on the Frances Creek Tenement EL 26880 during the period from 4 March 2009 to 8 June 2010. This tenement was acquired in March 2009 to allow an assessment to be made of the footwall Mundogie Sandstone sequence below the mineralised Wild (sic) Formation. The most recent report on this area was completed by Hassall (2010). During the period of grant, Territory Iron undertook the following work; a desktop review of the geology, using existing aeromagnetic survey data and satellite photography to identify local structure with potential to host mineralisation and Ground truthing over the area to confirm 1:100,000 Pine Creek sheet NTGS geological mapping. No iron mineralisation was observed as part of the desktop study or during field evaluation and the company has now relinquished the ground.