Territory Resources Ltd

Emmerson Resources Limited (ASX:ERM) announce a strategic alliance with Territory Resources to build the Tennant Creek Processing Hub to support Small Mines.

Australian resources developer, Stirling Resources Limited (ASX:SRE), is pleased to advise it has settled the share transfer and loan to Matilda Zircon Limited (ASX:MZI), as part of the expansion of its portfolio of zircon projects.

Yesterday the Australian shares ended modestly higher despite a strong lead overseas. The market in late trading gave up some of its early gains as investors started to pocket their profits in recent rallies. The benchmark S&P/ASX200 index was up 0.8%, or 29.7 points, at 3580, while the broader All Ordinaries index rose 1%, or 34.2 points, at 3517.3. Today resource stocks may decline after metals prices fell.

Yesterday the Australian share ended 3.1% higher lifted by banks and miners. The benchmark S&P/ASX200 index gained 103.5 points at 3,451.9, while the broader All Ordinaries index was up 96.1 points, or 2.91 per cent, to 3,393.4. Today the local market has delivered a strong opening boosted by Wall Street's rally.

Territory Resources (ASX: TTY) announced today it has committed to spend $25 million over the next two years with the aim of substantially expanding its high grade resource base and extend mine life at the Frances Creek iron ore project.

The China Int'l Steel & Minerals Conference 2008, with the theme of mining development, will be held by UMETAL website in Nanjing, China on March 30. More than 400 delegates have been confirmed at home and abroad.