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“A High Grade Australian Iron Ore Producer … Aiming to Become a Key Supplier of Carbon Steel Raw Materials into Asia”
Territory Resources Ltd (ASX:TTY) has an an iron ore operation in the Northern Territory.

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

map_frontIron 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.



 
Announcements

29/07/10 - Territory indentifies new Iron Ore exploration opportunity near Frances Creek  - PDF
30/06/10 - Quarterly Activities and Cash Flow Report - PDF
02/07/10 - Territory Reports 30% Increase in Iron Ore Shipments - PDF
29/03/10 - Marketing Sales & Production Update - PDF
03/03/10 - Interim Report for the Financial Half-Year Ended 31 December 2009 - PDF
27/01/10 - Quarterly Activities and Cashflow Report - PDF

2009

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