EL 24921, EL 24922 and EL 25002 Tin Camp Creek Project Annual Report 30 May 2012 to 29 May 2013

Abstract

The Tin Camp Creek project comprises three Exploration Licences (ELs), EL 24921, EL 24922 and EL 25002 which are held by TCC Project Pty Ltd, a wholly owned subsidiary of Alligator Energy Ltd. In May 2012, an application for amalgamated reporting of the Tin Camp Creek Project was approved by DME. This Annual Report is in respect of ELs 24921, 24922 and 25002. EL's 24921 and 24922 were granted on 30 May 2007 for a period of 4 years. Renewal applications for additional 2 year periods were subsequently lodged in 2011 and 2013. EL 25002 was granted on 2 September 2008 for a period of 6 years. The tenements are 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 broadly equivalent to 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. These prospects have been the focus of considerable drilling and exploration. As a result of recent exploration, Mintaka and Orion East have been named as additional prospects. Exploration work commenced on the tenements by Alligator Energy towards the end of the 2010, with Alligator Energy's second full season being documented in this report. Work undertaken during the 2012/2013 tenure year included 69 drill holes for 10,990 metres comprising of 4517 metres of diamond drilling and 6473 metres of reverse circulation drilling, from which 2311 samples were sent for analysis. A total of 76 rock chip samples were assayed. Ground radiometric surveys of 6429 stations and 4221 gravity survey stations were recorded in the Caramal to South Horn area. The outcome of the field activities produced a greater understanding of the geology, and the structural controls of mineralisation.