EL 25002 Bridging Report 2 September 2011 to 29 May 2012

Abstract

The Tin Camp Creek project comprises three Exploration Licences (ELs), EL 24921 and EL 24922 and EL 25002. These tenements were purchased by Alligator Energy's wholly owned subsidiary TCC Project Pty Ltd in November 2010. In May 2012, an application for amalgamated reporting of the Tin Camp Creek Project was approved, therefore a bridging report for the period 02/09/2011 to 29/05/2011 is hereby provided for EL 25002 to coordinate reporting dates with ELs 24921 and 24922. This Bridging Report is in respect of EL 25002 which was granted on 2 September 2008 for a period of four years with renewal applications lodged on 2 February 2011 for an additional 2 year period. 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, which have been the focus of considerable drilling and exploration. No field work has been conducted within this tenement for this bridging report period, with the majority of the period covered falling within the wet season. Further field work is planned for the 2012 dry season.