EL 25002 Annual report 2 September 2010 to 1 September 2011

Abstract

EL 25002 forms part of the the Tin Camp Creek project which comprises two Substitution Exploration Licences (SELs), SEL 24921 and SEL 24922 and EL 25002. These tenements were purchased by Alligator Energy's wholly owned subsidiary TCC Project Pty Ltd in November 2010. This Annual Report is in respect of EL 25002 which was granted on 2 September 2008. The tenement is located in western Arnhem Land approximately 250 km east of Darwin and 50 km northeast of Jabiru. The tenements are considered prospective for unconformity-style uranium deposits similar to Ranger, Jabiluka, Koongarra and Nabarlek. Geology within the tenements is equivalent to that at the known deposits in the Alligator Rivers Uranium Field and consists in part of equivalents of Lower Cahill Formation of the Pine Creek Orogen (PCO) overlain in places by the lower Kombolgie Sub-group sandstone. The Tin Camp Creek Project area has been explored intermittently since 1970 resulting in the discovery of the Caramal deposit, South Horn prospect and the Two Rocks prospect on the adjacent Tin Camp Creek Project area. Work undertaken during the reporting period included compilation of past exploration work, liaison with the NLC and traditional owners and completion of a stream sediment geochemistry survey and reconnaissance of the licence area. This work identified an area of gold anomalism for immediate follow up in the north-eastern part of the tenement. Alligator Energy propose to undertake a high resolution magnetics and radiometric airborne geophysical survey in 2012 in addition to ground follow up of stream sediment geochemistry anomalism by mapping and soil and rock chip sampling.