Combined annual report for the period 25 February 2010 to 24 February 2011, covering Exploration Tenements AN 389, EL 10137, and EL 22270

Abstract

This Annual Report covers tenements AN 389, EL 10137 and EL 22270 for the reporting period from 25 February 2010 to 24 February 2011. The activities on the tenements consisted of: AN 389: Geological mapping and target generation of iron and manganese mineralisation along the Koolpin Formation by independent geological consultant; EL 10137 and EL 22270: these two tenements were part of a larger geophysical review that re-interpreted all the historical and recent geophysical survey data available in the Frances Creek region over Territory Resource Ltd's tenement holdings. Geophysical targets for iron mineralisation were identified within EL 10137 and EL 22270.