Territory Resources are known recently for their surprise bid for Consolidated Minerals (CSM).
Details about the company are at: http://www.territoryResources.com.au
The companies main interest is at Frances Creek, 190Km South of Darwin, on the Stuart Highway. First shipment of Iron Ore will leave from Darwin for China by the end of the current quarter. Iron Ore production is set for 1.5mtpa to build up to 3mtpa.
Mount Bundey Project is 100Km East South East of Darwin.
Yarram Project is 100Km South of Darwin and reserves vary from 40%FE to 60%FE.
Warrego Project is near Alice Springs and the adjacent Railway. Iron Ore is at 62.3%FE and the resource is 10mt.
Largest shareholders are Crawley Resources - 30.5% and OM Holdings with 12.7%.