Combined Group Annual Report GR125/09 for the period 1 December 2015 to 30 November 2016 ML 24727, ML 25087, ML 25088, ML 25152, ML 25396, ML 26222, ML 25529, ML 27224, ML 27225, ML 27228 Frances Creek Mining Tenements

Abstract

During the reporting period, Territory Iron undertook further desktop reviews of the area and field visits as part of a general reconnaissance field survey including other nearby tenements. Geological data including drill results, drill assays geological mapping and geophysical surveys (Ground Gravity and EM surveys) from 2013 (as documented in Burgess, 2014 and Glass, 2015) were further evaluated in order to determine the iron ore economic potential of the mineral leases. A considerable amount of earthmoving involving recontouring of earlier drill sites took place on these Mineral Leases. This work was undertaken throughout 2016 using a local contractor. Reconnaissance field visits to assess and evaluate the status of the remediation took place in September 2016 by the author of this report.