EL 24921, EL 24922 and EL 25002 Tin Camp Creek Project Annual Report 30 May 2016 to 29 May 2017

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, 2013 and 2015. El 25002 was granted on 2 September 2008 for a period of 6 years, with a renewal application for an additional 2 year period lodged in 2014. 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 field season, with Alligator Energy's sixth full season being documented in this report. Work undertaken during the 2016/2017 tenure year began with reconnaissance and ground based sampling at the Razorback prospect totalling 288 samples. This was carried out in conjunction with geological mapping with a focus on identifying historic gold anomalism across the prospect and vectoring its source. Further Pb isotope sampling followed later in the season to improve the baseline study and footprint interpretation over the known Caramal resource. Additional decay isotope sampling was conducted at TCC4, beginning an initial study into their relationships with structural orientations across the prospect.