Annual Technical Report on MCN 3839 to MCN 3844 Yeuralba Project (Eva Valley) GR191 for period 16 July 2013 to 15 July 2014

Abstract

The Yeuralba group of tenements is situated about 68km north east of Katherine NT, and 3km north of the old Eva Valley (Manyallaluk) homestead. Crocodile Gold Australia Pty Ltd acquired the Yeuralba Group of tenements (MCNs 3839 - 3844) on 6 November 2009 after purchasing assets held by GBS Gold Australia Pty Ltd (liquidated). The tenements cover a prospective sector of the Tollis Formation volcanics, grey-wackes, Maud Dolerite and banded ironstones striking NNW. The sequence is truncated to the north-west by faulting and by outcrops of Eva Valley Granite, a fine grained biotite leucogranite. To the west, the Tollis Formation is intruded by Yeuralba Granite that has greisenised parts at the contact zone. The Copper Flower prospect has been explored for gold and base metals mineralisation since the mid-1960s. A small historic mineral resource was reported for the Copper Flower prospect in the late 1980's, this was around 130,000 tonnes at an average grade of 1.86g/t gold and 0.93% copper. In 2013 an agreement was signed between Crocodile Gold and Pitchblack Resources for an earn-in right for this project if Pitchblack spend a total of $4 million on exploration on this, and other,titles they will earn a 90% stake in the project. Crocodile Gold also investigated the possibility to convert these Mineral Claims into Mineral Leases to comply with the new Mineral Titles Act (2011), however this was not completed during the reporting year due to land ownership issues. This process is still continuing in 2014 after the original application was place in May 2013. Also during the reporting period Crocodile Gold and Pitchblack Resource mutually agreed to terminate the Joint Venture agreement which covered the Yeuralba titles. This was effective on the 11th of November 2013. No active exploration was completed during the reporting period.