ELR 146 The Embayment Annual Report from 19 September 2011 to 18 September 2012

Abstract

ERL 146 surrounds the Browns Mining leases and covers the old Rum Jungle Mine Site. It is located approximately 7 kilometres north-northwest of the town of Batchelor. During 2012 an extensive drilling program consisting of 1008.3 metres of RC and 630.7 metres of diamond drilling was undertaken on ELR 146 south of the historic Rum Jungle open pits. The purpose of this program was to supply at least 200kg of copper dominant fresh sulphide sample so the joint venture partners could plan and undertake a detailed metallurgical test work program. Core retrieved from this program is currently being processed and geochemical results and geological logs will be available in the next annual report. Territory Iron also carried out some geological mapping and rock chip sampling as part of an agreement with Compass Resources. Territory Iron also submitted an MMP for exploration drilling in 2013