During the period, Territory also received a $456,000 deposit...

During the period, Territory also received a $456,000 deposit for the sale of the Companys stake in India
Resources Limited (with a remaining balance of $1.5 million to be received in the second half) and a nonrecourse
payment of $2.96 million from the Administrators of Monarch Gold Mining Company Limited
(Monarch). On 26 February 2010, the recapitalisation of Monarch was completed, which entitled
Territory to become the sole beneficiary of the Minjar Project trust from which a payment in excess of $5.7
million was received by Territory. Total funds recovered to date amount to $8.7 million. The Company
stands to recover the balance of the $16.8 million owed by Monarch, subject to the recapitalisation
transaction completing over the course of the next two years.