FRANCES CREEK

Territory Resources announced that commissioning of the A$4.3 million iron ore beneficiation plant has commenced at the Frances Creek iron ore mine in the Northern Territory, Australia.

Territory Resources announced results of the reverse circulation drilling program completed at the McCarthy Hill prospect, located 25 km south-east of its 2 Mtpa Frances Creek Iron Ore Mine in the Northern Territory, Australia. Highlights include hole MHRC021 which intersected 6.0 m of 60.4% iron. The program of 31 drill holes for 2610 metres was completed earlier this month and intersected hematite-rich iron mineralisation over 500 metres of strike in a structurally complex region, within a stratigraphic geological sequence similar to that at the Frances Creek Mine.

Territory Resources Limited announced that a program of Reverse Circulation drilling has commenced at the McCarthy Hill prospect, located 25km south-east of its Frances Creek Iron Ore Mine in the Northern Territory, Australia. The minimum 2,500m RC drilling program is designed to test the central portion of the 36.7 sq km tenement, EL22440, which is one of Territory’s priority regional exploration targets in the Frances Creek area, because of the presence of significant indications of high-grade hematite mineralisation similar to that at Frances Creek.