EL 27250 Beatrice East Annual report 9 December 2013 to 8 December 2014

Abstract

This Annual Report is in respect of 'The Beatrice East Project'. The project comprises of one exploration licence (EL), EL 27250 which is held by Northern Prospector Pty Ltd, a wholly owned subsidiary of Alligator Energy Ltd. The tenement was granted on 09 December 2013 for a period of 6 years. This report is for the first year of Tenure. The project is located in West Arnhem Land approximately 280 km east of Darwin and 70 km east of Jabiru. The tenement is considered prospective for unconformity-style uranium deposits similar to Ranger, Jabiluka, Koongarra and Nabarlek. Cameco Australia highlighted the potential of Westmoreland style mineralisation as an additional mineralisation target model for the area, which warrants further investigation. During this reporting period, Alligator compiled historic data, acquired satellite imagery for the area and commenced field reconnaissance and rock chip sampling. A total of 57 samples were submitted for geochemical analysis. The outcome of the field activities has failed to produce any immediate high priority targets.