EL 24040 Frances Creek Project Annual Report for the period 19 August 2014 to 13 July 2015

Abstract

This report describes exploration activities conducted on Frances Creek tenement EL 24040 by operator Territory Iron Pty Ltd from 19th August 2014 to 13th July 2015. The report only covers the period to the 13th July 2015 (instead of 18th August 2015) as EL 24040 underwent a partial relinquishment (see Glass, 2015) to surrender 13 blocks. Six graticular blocks, however, were retained and amalgamated with a single graticular block from adjoining tenement EL 29015 to form new tenement EL 30832. The Notice of Intention to Issue Replacement Title (dated 2nd July 2015) was granted for EL 30832 on the 13th July 2015. Upon grant of EL 30832, the six retained blocks of EL 24040 were automatically cancelled. Exploration activities during the reporting year included desktop studies to evaluate the iron ore and manganese potential and earthworks and rehabilitation of earlier drill sites.