Annual exploration report on EL 25195 Elliot Creek for period ending 8 November 2007 Litchfield Project

Abstract

Territory Uranium Company Pty Ltd is exploring for uranium, and applied for EL25195 to explore for unconformity-hosted U mineralisation. Work during Year 1 of tenure consisted of a review of both NTGS data, and compilation of significant results from Industry reports. At the time of reporting this work was still in progress. As part of this work, the COREDAT database showed several drillholes within EL 25195 held in the Darwin Library. A total of 19 quarter core samples from 5 drillholes were collected and assayed for a suite of elements including uranium. The samples taken were collected at areas of change of lithology and/or alteration. The best result was 13.8ppm U (with 2ppb Au) taken from Hole 82/42. A planned geophysical survey encompassing part of EL 25195 plus other TUC tenements did not proceed. The geophysical contractor was carrying out a survey on neighbouring tenements but the work was not carried out until late November, so TUC will be seeking to conduct an airborne geophysical survey during the dry season of Year 2.