Ochre Hill EL 9999 Annual report for the period 22 July 2009 to 21 July 2010

Abstract

This report details exploration activity conducted by Territory Resources Ltd within the Ochre Hill Tenement EL 9999 during the year ending 21 July 2010. During the reporting period, Territory Resources Ltd undertook the following work; reconnaissance and geological mapping, Geophysical data analysis and target generation and Rehabilitation activities associated with track access into the adjacent ML 24727 tenement containing the Ochre Hill hematite deposit. Total expenditure for the tenement during the reporting period was $3,000. Proposed activities for the coming year will include drill testing of remaining ironstone and geophysical targets within the tenement for ore grade mineralisation. Drilling will comprise 10 RC holes for 200 metres.