SEL 24921 and EL 24922 Tin Camp Creek Project Combined annual report 1 June 2010 to 31 May 2011

Abstract

Exploration during the 2011 tenure year was influenced by the sale of the tenements to Alligator Energy Ltd. The sale process and subsequent transfer of title and environmental licence occupied a significant part of the 2010 field season. Nevertheless, exploration work was undertaken by Alligator Energy towards the end of the 2010 season and for the early part of 2011, which has led into a significant diamond drilling program which commenced in mid-June 2011. Work undertaken during the 2010/2011 tenure year included a re-assessment of past exploration, commissioning an Independent Geologists Report, ground radiometric surveys, re-sampling of historic drill core and the commencement of a detailed airborne magnetics and radiometric survey in the eastern part of the project area. In addition to this field work there has also been substantial work in re-establishing the Myra Camp, preparation of various compliance documents, conducting safety and environmental audits and assisting regional stakeholders with introduced weed management programs. The above work was undertaken as preparatory work leading to a 5,000 metre diamond drilling program which commenced in Mid-June 2010. This drilling will target extensions to known mineralisation at the Caramal and South Horn prospects and EM/Radiometric anomalies at the Two Rocks Prospect.