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The report listed below is an example of the Complete Report on Territory Resources Limited that you could have accessed on September 26, 2008, if you were an InfoMine subscriber at the Advanced, Advanced Plus, Professional, Professional Plus, Corporate, or Corporate Plus level (Please note that each property, listed in the Mineral Property Interests section, has its own Complete Report.) For more information on becoming a subscriber, or to subscribe online, please refer to the Subscribe section.
Head Office(s) 
22 RAILWAY ROAD, SUITE 24-26, 3RD FLOOR
SUBIACO, WAT
Australia 6008
Phone:+61 (0)8 9483 5100
Fax:+61 (0)8 9483 5111
Reference Date: March 26/2008
| Corporate Summary |
The company is engaged in the exploration and development of iron
ore properties in Australia. |
Name History
| Old Company Name | TERRITORY IRON LIMITED | | Note | Territory Iron Limited changed the name to Territory Resources Limited. | | Reference Date | 6/13/2007 |
Corporate News
May 19, 2008
Territory Resources made its first shipment from its Frances Creek project in the Northern Territory in September
2007. The iron ore shipment was the first from the port of Darwin for more than 30 years. Managing Director Allan Quadrio said the company loaded its eighth vessel from Darwin with approximately 71,000 tonnes of iron ore.
April 21, 2008
Territory Resources announced the closing date of its takover offer for Olympia Resources. Territory's current shareholding in Olympia is 55.34%.
February 15, 2008
Teritory Resources raised A$9.3 million through a placement of 9.3 million shares at a price of A$1.00 per share.
January 4, 2008
Territory Resources announced a share placement of 25 million fully paid shares at $1.10 each for proceeds of A$27.5 million. Proceeds will be used for general working capital.
December 28, 2007
Territory Resources announced the completion of share placements to OM Holdings Limited and Crawley Resources Limited. Territory issued 4.156 million shares to OM Holdings and 9.987 million shares to Crawley Resources, both at A$1.00 per share, for total proceeds of A$14.143 million.
December 27, 2007
Territory Resources raised A$27.5 million (before costs) through a placement of 25 million shares at an issue price of A$1.10 per share to sophisticated and institutional clients of Euroz Securities Limited. Funds from the placement will be used for specific corporate purposes consistent with previous announcements by Territory and for general working capital purposes.
October 31, 2007
Territory Resources reported drilling results from its Frances Creek iron ore project in the Northern Territory. Best results at Helene 11 include 40.0 m at 62% Fe from 39.0 m depth, while drilling at Jasmine Central identified high grade iron ore up to 67.3% Fe including an intercept in excess of 40.0 m at 63.6%Fe.
October 25, 2007
Territory Resources announced that following the successful evaluation of iron ore fines, there was a 354,000 tonne increase in the indicated resource base, taking the inferred and indicated resource to above 10 million tonnes, at an average of 60.47% Fe. In addition, there are now more than five million tonnes in reserves.
August 3, 2007
Territory Resources announced that the independent report it commissioned shows its offer for Consolidated Minerals Ltd (ConsMin) is worth between A$3.47 and A$3.62 a share, making it superior to a rival all-cash offer of A$3.30 per share from Pallinghurst.
July 17, 2007
Territory Resources made A$966 million takeover offer for Consolidated Minerals Ltd (ConsMin) and flagged a potential merger with vanadium hopeful Precious Metals Australia Ltd.
June 13, 2007
The company changed its name from Territory Iron Limited to Territory Resources Limited.
February 12, 2007
Territory Iron agreed to place 60 million shares to Crawley Resources at 50 cents per share to raise A$30 million.
January 18, 2007
Territory Iron reports new ore resources and reserves at the Frances Creek iron ore project, Northern Territory, Australia. An increase of 950,000 tonnes, increasing probable reserves at the project to 4.81 million tonnes at 61.3% Fe was announced and adds further mine life to the operation scheduled to commence mining May 2007 with first shipment of iron ore due in August 2007. Total Resource tonnage at Frances Creek has been increased from the 9.41 million tonnes at 60.9% Fe reported in November to 9.73 million tonnes at 60.7% Fe.
November 22, 2006
Territory revised its resource estimates at Frances Creek in the Northern Territory in Australia. Overall, the resources increased by 792,000 tonnes to 9.4 million tonnes at 60.9% Fe. The indicated resource at Helene 6/7 increased by 1.3 million tonnes to 2.7 million tonnes at 62.0% Fe. At Helene 2/3, resource tonnage was reported to be 690,000 tonnes at 62.4% Fe.
September 11, 2006
Territory Iron have released assay results from the ongoing RC drilling program at the Frances Creek project located in the Northern Territory of Australia.
July 27, 2006
Territory Iron has presented a resource and reserves update for its Helene 6/7 deposit at the Frances Creek project located in the Northern Territory. This update follows a recently completed resource model and pit optimization study completed by Snowden Mining Industry Consultants as a part of the ongoing assessment of drilling results. The mineral resource has been tabulated above a block model cut-off grade of 55% Fe. At an Iron cut-off of 55% Fe, the indicated resource was estimated at 1.43 million tonnes at grades of 62.74% Fe, 2.66% Al2O3, 6.34% SiO2 and 0.04% P, and the inferred resource at 1.42 Mt at grades of 58.98% Fe, 3.33% Al2O3, 8.77% SiO2 and 0.04% P. The resources have been classified into indicated and inferred categories according to the 2004 JORC Code. The resource increase of inferred material which will now form the focus for further drilling to potentially convert into reserves.
July 19, 2006
Territory Iron confirmed additional resource tonnage at its 100% owned Frances Creek property in the Northern Territory, Canada. Significant drilling results of hematite include 37.0 m @ 67.4 %Fe from 38.0 m in hole HERC079; 20.0 m @ 64.6 % Fe from 53.0 m in hole HERC064 and 18 m @ 63.8 % Fe from 88.0 m in hole HERC061. The company revealed that the extensions lie to the north and south of the previously mined open pit and thus increase the resource estimate.
May 23, 2006
Territory Iron announced that it raised A$12.6 million. Proceeds will be used for capital costs of mining at Frances Creek.
April 13, 2006
Territory Iron announced the placement of 35 million shares at 36 cents each to raise A$12.6 million. Euroz Securities Limited will help with the placement. Funds will be used to develop Frances Creek iron ore mine in Northern Territory.
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Corporate President / Director(s)
| Company President | Reference Date |  | N/A |
Director(s) - All directors are sorted by surname in alphabetical order.
| Surname - First Name(s) | Reference Date | | Donaldson, Michael Jon | August 1/2008 | | Elman, Richard | June 25/2008 | | Harris, Fiona E. | August 1/2008 | | McCubbing, Ian | May 6/2008 | | Quadrio, Allan | March 26/2008 | | Simpson, Andrew | March 26/2008 |
Major Shareholder(s)
All shareholders are sorted by name in alphabetical order.
| Company | CRAWLEY RESOURCES LIMITED | | Type | Other | | Classification | Misc | | Interest | 30.5% | | Note | Holds 60,000,000 ordinary shares. | | Reference Date | June 7/2007 |
| Company | OM HOLDINGS LIMITED | | Type | Other | | Classification | Misc | | Interest | 11.5% | | Note | Holds 29,161,413 ordinary shares. | | Reference Date | January 4/2008 |
Major Shareholdings(s)
All shareholdings are sorted by name in alphabetical order.
| Company | INDIA RESOURCES LIMITED | | Type | Public | | Classifiction | Monitor | | Interest | 10.8% | | Note | Holds 19,019,000 common shares. | | Reference Date | March 8/2008 |
Performance Summary: Calendar Quarter 4 of 2007
Financial Year-end: June 30
Currency: Australian Dollars | Cash Less Debt in [,000s] | (14,375) | | Working Capital in [,000s] | 23,992 | | Net Profit in [,000s] | 2,037 | | Approx Market Capitalization in [,000s] | 316,477 | | Quarterly Exploration Expense in [,000s] | 252 | | Annual Exploration Expense in [,000s] | 533 | | Net Profit Ratio | 0.07 | | Market to Book Value | 3.15 | | Current Ratio | 1.70 | | Note | Financials are for the six month period ended December 31, 2007.
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Past Performance Summary
All financial figures are sorted into a reverse chronological date order (the most recent year and quarter show first)| Currency | Australian Dollars | | Calendar Year | 2007 | | Calendar Quarter | 2 | | Cash Less Debt in [,000s] | 10,858 | | Working Capital in [,000s] | 13,664 | | Net Profit in [,000s] | (6,882) | | Quarter Expl Expense in [,000s] | 533 | | Notes | Financials are for the twelve month period ended June 30, 2007.
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| Currency | Australian Dollars | | Calendar Year | 2006 | | Calendar Quarter | 4 | | Cash Less Debt in [,000s] | 8,680 | | Working Capital in [,000s] | 9,157 | | Net Profit in [,000s] | (849) | | Quarter Expl Expense in [,000s] | 180 | | Notes | Financials are for the six month period ended December 31, 2006.
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| Currency | Australian Dollars | | Calendar Year | 2006 | | Calendar Quarter | 2 | | Cash Less Debt in [,000s] | 14,335 | | Working Capital in [,000s] | 14,516 | | Net Profit in [,000s] | (3,218) | | Quarter Expl Expense in [,000s] | 2,446 | | Notes | Financials are for the twelve month period ended June 30, 2006.
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| Currency | Australian Dollars | | Calendar Year | 2005 | | Calendar Quarter | 2 | | Cash Less Debt in [,000s] | 7,842 | | Working Capital in [,000s] | 7,973 | | Net Profit in [,000s] | (1,067) | | Quarter Expl Expense in [,000s] | N/A | | Notes | Financials are for the twelve month period ended June 30, 2005.
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Stock Information
| Symbol | TTY | | Exchange | ASX | | Note | Ordinary shares. Symbol changed from TFE in June 2007. | | Reference Date | June 13, 2007 |
Stock Issuance
| Symbol | TTY | | Quantity | 264,606,388 | | Note | Outstanding ordinary shares. | | Reference Date | June 30, 2008 |
Stock Dilution
| Stock Symbol | TTY | | Expiry Date | March 1, 2009 | | Price | 1.50 | | Currency | Australian Dollars | | Quantity | 24,225,000 | | Note | Outstanding options at various prices and expiry dates. | | Reference Date | June 30, 2008 |
Mineral Property Interests
A reported interest of 0% typically implies the existence of an option agreement.
All properties are sorted by name in alphabetical order.
* CLICK ON THE PROPERTY NAME FOR A COMPLETE REPORT.
| Property Name | FRANCES CREEK | | Status | Producer | | Classification | Active/Verified | | Interest | 100.0% | | Location | Australia | | Note | Held some tenements 100% and then acquired EL10137, EL22269 and EL22270 from Arafura Resources (along with the cancellation of its iron ore royalty) in late Apr/08. | | Reference Date | June 30/2008 |
| Property Name | MT BUNDEY | | Status | Exploration | | Classification | Active/Verified | | Interest | 100.0% | | Location | Australia | | Note | Deed of Agreement with Rodney Johnston and Motoo Sakurai as vendors by which the Company acquired EL 23791 and EL 23921. Production is subject to a royalty. In the quarter ended Jun 30/08, sold the uranium exploration and development rights to Rum Jungle Uranium. | | Reference Date | June 5/2008 |
| Property Name | RUM JUNGLE (YARRAM / BATCHELOR) | | Status | Exploration | | Classification | Active/Verified | | Interest | 0.0% | | Location | Australia | | Note | Hold 100% interest in EL25204, ELA24412 and ELA25203. Binding HOA with Compass Resources and Guardian Resources Pty Ltd (the holders) for the exclusive right to explore for, develop, mine, upgrade and purchase iron ore (and iron ore only) from MLN1163, ERL125 and ERL146, subject to a royalty. | | Reference Date | June 5/2008 |
| Property Name | WARREGO | | Status | Exploration | | Classification | Active/Verified | | Interest | 100.0% | | Location | Australia | | Note | Purchased from Santexco. As at Jun 30/08, executed a conditional sale agreement for the Warrego Tailings
Project and Tenements to Aard Metals Limited for 5 million shares in Aard Metals and royalty arrangements. | | Reference Date | June 30/2008 |
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