EL 29862 Annual Report for the period 26 November 2013 to 25 November 2014

Abstract

This report describes exploration activities conducted on Frances Creek tenement EL 29862 by operator Territory Iron Pty Ltd (100% subsidiary of Territory Resources Ltd) from 26th November 2013 to 25th November 2014. EL 29862 was granted on the 26th November 2013 and replaced withdrawn Mining Lease Applications ML 27155 (lodged 30th January 2009) and ML 28573 (20th January 2011). The exploration licence has been granted for a term of six years and will expire on the 25th November 2019. Exploration activities during the reporting period for EL 29862 involved a review of historical information, reconnaissance field work and geological field mapping by an independent consultant and Territory iron staff.