EL 23824 Millers Northern Territory annual report for the period 9 February 2007 to 8 February 2008

Abstract

This report is submitted by Territory Iron on behalf of Softwood Plantations Pty Ltd, holder of EL 23824, to meet statutory reporting commitments on the tenement for the year ended 8 February 2008. The main focus of exploration activities during this reporting period was the Millers Prospect where an inferred resource had previously been defined. Exploration activities within the tenement comprised reverse circulation and diamond drilling, hyperspectral imagery, reconnaissance and review of geophysical data. Overall 81 RC holes were drilled for 7,013 m and 2 Diamond holes for 80 m.