ML 25088 Annual report for the period 24 April 2008 to 23 April 2009

Abstract

This report details exploration activities for iron mineralisation conducted by Territory Resources Ltd. within ML 25088 during the year ended 23rd April 2009. ML 25088 runs parallel to the Ochre Hill haul road, and represents an essential infrastructure lease, providing additional working-width to the previous narrow part of ML 24727. The tenement is located 220km south of Darwin, and 23km north of Pine Creek. The lithology is comprised of Palaeoproterozoic sedimentary rocks that have been folded and metamorphosed to green schist facies. Mineralisation is restricted to a narrow brecciated zone that runs above and sub-parallel to the Lower Wildman Formation footwall. The dominant stratigraphic unit on the tenement is the Wildman Formation; however this has been demonstrated to be unmineralised.