All of the Company’s assets are located in the Northern Territory of Australia where our projects have been identified.

Iron ore production commenced at Frances Creek in June 2007 with the first railing of high grade haematite ore the following month. Territory made its first shipment from its Frances Creek project in September 2007. The iron ore shipment was the first from the port of Darwin for more than 30 years.

The Company's aim is to focus on consistent production and to pursue exploration strategies to further expand the resource base at Frances Creek. The current mine plan is scheduled to produce at an annualized production of 2mtpa.

Global demand for iron ore continues to grow, driven by steel production from China and improving demand from other major economies, including the emerging markets in the Indian sub-continent. The Company is well positioned to participate in this growth with a high quality product, quality exporting infrastructure and close proximity to China through the Port of Darwin.

Marketing agreements are in place with the cornerstone shareholder, Hong Kong based Noble Group Limited (SGX: NOBL), which is a global leader in supply chain management. Noble plays a key role as intermediary in the supply chain of iron ore into China, currently trading about 20 million tonnes annually into that market. Territory Resources has entered into a life-of-mine supply agreement with Noble.