Frances Creek EL 10137 Annual report for the period 10 July 2008 to 9 July 2009

Abstract

This report details exploration activities for iron mineralisation conducted by Territory Iron Pty Ltd within EL 10137 (Frances Creek) during the period 10th July 2008 to 9 July 2009. Detailed heritage surveys were conducted on the tenement during the current reporting period adjacent to the granted mining leases, with one significant heritage site detected in the northern parts of the tenement. Re-interpretation of all available geophysical data was conducted over the tenement area, and number of geophysical targets was identified, that was later ground truthed by geological mapping. During the period Territory Iron also undertook detailed geological mapping on both regional and prospect scale over the area and identified one significant drill target to be tested in next year.