Annual Technical Report EL 23824 for the period 9 February 2015 to 8 February 2016

Abstract

This report describes exploration activities conducted on Frances Creek tenement EL 23824 by operator Territory Iron Pty Ltd from the 9th February 2015 to 8th February 2016. EL 23824 is held as a joint-venture tenement, with Territory Iron Pty Ltd (51%) as majority holder and tenement manager, and Softwood Plantations Pty Ltd (49%) holding a minority interest. Exploration activity within EL 23824 for the reporting year involved rehabilitation of earlier drill sites, field visits by geological personnel, desktop studies and evaluation of earlier acquired data. The remediation of drill sites is planned for the forthcoming year.