In June-July, 2008 Terra Search Pty Ltd carried out a ground magnetic survey and geological evaluation of the Iron Glen EPM15654, south of Townsville, North Queensland. This report presents the results of these surveys and recommendations for future work including drill testing.The Ground Magnetic survey extended the previous survey completed over the Iron Glen pit area in December,2007. This geological evaluation ground-truths the ground magnetic survey which leads to a more accurate interpretation . It also places the Iron Glen iron ore deposit in its local and regional scale geological context.