Annual Report EL 23824 Millers for the period 9 February 2011 to 8 February 2012

Abstract

The activities on EL 23824 during the reporting year consisted of: Detailed geological mapping over the Mount Masson trend, Big Hill to K19, and Koolpin Prospect regions by an independent geological consultant and Territory Resources Ltd exploration geologists; Thirty-one (31) Air Core (AC) drill holes specifically targeting the goethite-manganese iron ore mineralisation immediately north of the Millers Deposit, and also at the Kylie/K2 prospect, for 2,062 metres; Twenty-nine (29) Reverse Circulation (RC) drill holes to the east and west of the goethite iron ore mineralisation of the Millers deposit, for 2,953 metres; Nine (9) diamond drill holes of PQ3 diameter (i.e. triple tube) for a total of 634 metres were drilled at the Millers Deposit for metallurgical testwork; Completion of preliminary bench-scale metallurgical test work on drill core from the year's PQ diamond drill programme over the Millers Deposit; and Updating of associated Aboriginal Heritage work was conducted over the proposed work areas prior to ground disturbance. The Millers deposit is fully covered by the Mining Tenement application ML 26429.