Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ALLIGATOR ENERGY LIMITED Board/Management Information 2015

Nov 9, 2015

64330_rns_2015-11-09_b4c0c1ca-bcc8-418c-824c-f33e43db06b3.pdf

Board/Management Information

Open in viewer

Opens in your device viewer

==> picture [560 x 91] intentionally omitted <==

10 November 2015

ASX Announcement

2015 drilling provides strong encouragement

Highlights

  • BT-1 drilling results indicate uranium source under nearby sandstone.

Alligator Energy Ltd ABN 79140575604

  • New targets identified at BT-2 and BT-9.

  • Founding CEO & Director, Rob Sowerby, to step down

2015 Drilling Program

Alligator Energy Ltd’s (ASX: AGE) 2015 shallow air core drilling program on the Beatrice JV project in the Alligator Rivers region of the Northern Territory has been completed.

A total of 87 shallow (<50m) air core drill holes were completed testing the BT-1, BT4 and Beatrice Prospect target areas. Initial reconnaissance drilling was also undertaken on newly identified target BT-9. Final assay results are awaited from laboratory analysis and will be provided in a subsequent release. Initial field results are provided below.

Target BT-1:

At BT-1 , 52 widely-spaced, shallow holes were drilled over a five kilometre strike length of coincident and overlapping SAM geophysical conductor anomalies and airborne survey radiometric anomalies. This was to determine if these responses reflected a large uranium occurrence and to obtain geochemical and geological data from basement rocks covered by thin alluvial silts and sands.

Suite 3 36 Agnes Street Fortitude Valley, QLD 4006 Ph: (07) 3852 4712 Fax: (07) 3852 5684 ASX Code: AGE

Number of Shares: 311.5M Ordinary Shares 16.2M Unlisted Options Board of Directors: Mr John Main (Chairman) Mr Robert Sowerby (CEO, Director) Mr Paul Dickson (Non Exec. Director)

Mr Peter McIntyre (Non Exec. Director)

Mr Andrew Vigar (Non Exec. Director) Mr Greg Hall (Non Exec. Director)

Broad areas of moderately radiometric anomalism were encountered in drilling, however this anomalism is primarily associated with radium in radiogenic groundwater. The primary uranium source producing the radiogenic groundwater is considered to be under the sandstone covered areas north of the Beatrice Fault. The

BT-8 uranium decay isotope anomaly in the covering sandstone immediately north of the BT1 area drilled most likely reflects this source.

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

All holes that tested the SAM conductor anomalies at BT-1 encouragingly encountered chlorite alteration and brecciation, both of which are key features associated with the giant uranium deposits sought. More schistose and chlorite-altered basement rocks were encountered in the north western portion of the BT1 target, close to the Beatrice Fault and associated with peak SAM conductor responses. Holes BTA15-074 and 081, drilled 1.5km apart in the Beatrice Fault zone, intercepted moderately elevated radioactivity (>2 x background) associated with intrusive dolerites and chlorite-altered pelites, most likely of the Cahill Formation which is the host to all of the uranium deposits in the Province.

The uranium decay products, alteration and host rocks encountered at BT-1 all point to the BT-8 uranium decay isotope and SAM conductor anomaly in the covering sandstones north of BT-1 reflecting the uranium source. It makes it a powerfully attractive target for drill testing in 2016.

Chlorite alteration and low level radiometric anomalism in Cahill Formation schists were also intersected in hole BTA15-054 (>2x background) and in outcropping schist to the southeast of BT-1 at newly defined prospect BT-9. These prospective host formation Cahill Formation schists had not previously been recognised in this area nor in the vicinity of the Beatrice Fault. This opens a large area of previously unrecognised and unexplored prospective host formation in the Beatrice JV Project area.

These results are very encouraging.

Beatrice Prospect:

Shallow air-core drilling was undertaken at the Beatrice Prospect to test for a southerly extension of known high-grade mineralisation discovered by previous explorers. (19m@3,626ppm U3O8 - ASX announcement, 15th March 2015). Seventeen shallow air-core drill holes were completed on four traverse lines testing a 400m long, north-south trending, coincident soil uranium and SAM anomaly. Drilling intersected weak to moderately anomalous radioactivity, extending up to 100m south of known mineralisation. Spectrometer analysis reflects uranium but it is considered to be redistributed away from the higher grade mineralised system and to be confined to the upper, weathered, regolith.

The drill spacing (approximately 50 x 100m) is considered sufficient to preclude the presence of a large (>100Mlb U3O8) uranium deposit extending south from the known high grade mineralisation. No further work is warranted.

Because colluvial material and material transported in the 1971 exploration work now obscure the high-grade mineralisation, closely-spaced test pits were excavated to confirm it had no significant untested potential. These showed it to have dimensions of approximately 150m x 10m and to be confined to highly altered (sericite +/- ex-sulphide) and fractured granitic gneisses within a narrow NE trending structural zone. While additional narrow (<20m wide)

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

mineralised pods may be present along this structure , Alligator concluded that no drilling was warranted as this style of mineralisation is unlikely to host large (>100Mlb U3O8) uranium deposits .

SAM geophysical data indicates the presence of a number of areas which may host similar small-tonnage, high-grade deposits in this region similar to the Beatrice occurrence however these targets will not be tested by Alligator .

Target BT 4:

At BT4, eleven shallow air-core drill holes were completed on three traverse lines to test a SAM conductor covered by thin alluvial material. Drilling intersected a fault zone with associated alteration but without significant uranium mineralisation. While alteration and the fault zone were accurately defined by the SAM technology, the basement rock types are not considered optimal for uranium mineralisation. The highly-prospective Cahill Formation schists are interpreted to be north of the area drilled.

Drilling of these three targets conclude the follow up of unexplained and more easily tested uranium radiometric, geochemical and SAM conductor targets in basement host rocks not covered by thick Kombolgie Sandstone within Alligators title. Exploration in 2016 will be solely focussed on drilling for the uranium deposits below this covering sandstone generating the uranium decay element anomalies in the sandstone.

Emerging Targets:

A new high rank target area has been defined at BT-2 . A very strong uranium decay element geochemical anomaly in sandstone coincident with a strong SAM conductor has been identified stretching over 1,400 metres. Radiogenic isotope values obtained to date in this area are the most anomalous encountered by Alligator anywhere in the Province. These very high values are indicative of a significant, proximal uranium source. Additional sandstone samples have been collected and submitted for analysis to fully define BT-2.

The BT-2 target is added to the other two first-class, sandstone-covered targets, BT-8, and TCC-4, to be drill tested in the 2016 exploration drilling program (Figure 2). It is the coincident anomalous uranium decay isotope responses (uranium metal proxies) and SAM conductors (representing the alteration and structures associated with these giant unconformity uranium deposits) which make these first class drill targets.

At these three targets Alligator has defined the anticipated responses from large uranium deposits in the basement through the covering sandstone. These are the most convincing sandstone covered targets yet defined in the Province. It will be exciting to test these in 2016.

There is reasonable expectation that the analytical results awaited from more than 200 sandstone samples collected around anomalous areas identified in the 2015 reconnaissance sampling, areas of newly-identified, altered, lower Cahill Formation rocks and other SAM conductor anomalies will yield additional first class targets.

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

==> picture [383 x 35] intentionally omitted <==

==> picture [383 x 35] intentionally omitted <==

==> picture [383 x 35] intentionally omitted <==

==> picture [383 x 35] intentionally omitted <==

==> picture [383 x 36] intentionally omitted <==

==> picture [383 x 35] intentionally omitted <==

==> picture [383 x 35] intentionally omitted <==

==> picture [383 x 34] intentionally omitted <==

Figure 1: Aircore Drilling and Prospect Locations on SAM Conductivity responses Anomalous radiometric responses in drill holes highlighted (>2 x background).

==> picture [388 x 34] intentionally omitted <==

==> picture [388 x 34] intentionally omitted <==

==> picture [388 x 35] intentionally omitted <==

==> picture [388 x 34] intentionally omitted <==

==> picture [388 x 34] intentionally omitted <==

==> picture [388 x 34] intentionally omitted <==

==> picture [388 x 35] intentionally omitted <==

==> picture [388 x 34] intentionally omitted <==

Figure 2: 2015 and 2016 priority target locations

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

CEO and Executive Director, Rob Sowerby

Rob Sowerby, CEO and one of the founding directors of Alligator Energy, has given notice that he will cease full time employment with the company. He will remain with the company in a part time capacity and will be responsible for refining the application and interpretation of uranium decay geochemical techniques and SAM geophysical techniques as well as for ongoing engagement with Arnhem Land stakeholders.

Mr Sowerby, has been instrumental in developing the company’s strategy and techniques for discovering large unconformity style uranium deposits under the sandstone in the Alligator Rivers Uranium Province and for developing relationships with Traditional Owners and other stakeholders in Arnhem Land.

He will stand down as a director after the AGM on 20 November, 2015 and will relinquish the CEO role on 31 December, 2015. As an interim measure the Board will assume the CEO’s personnel, investor relations and funding roles while Peter Moorhouse, Senior Geologist will assume responsibility for all exploration management duties.

The Board acknowledges Rob’s significant contributions since the company listed in February 2011. His innovation, commitment and passion together with his exploration knowledge and experience and his values have provided a great foundation for this company to build on.

FOR FURTHER INFORMATION, PLEASE CONTACT

Mr Rob Sowerby Chief Executive Officer Alligator Energy Ltd Email: [email protected]

Ian Howarth Collins Street Media 0407 822 319 [email protected]

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

JORC Code, 2012 Edition – Table 1

Exploration update – November 2015.

Section 1 Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (eg cut
A total of 2281 Aircore drill samples were retrieved
during this period of work, of these 760 were selected
for laboratory analysis, assays are pending.

1 metre composite drill chip samples were collected at
in plastic sample bags via drill rig cyclone.

The samples obtained are considered to be
representative of the intervals from which they were
obtained and sampling and sub-sampling techniques
were appropriate for the sample type and for
exploration purposes.

A Radiation Solutions RS-125 spectrometer was used
to measure radioactivity (in counts per second – cps) of
each 1m sample. Samples are selected for laboratory
based geological observation and radioactivity (cps)
relative to background. No allowance is made for any
potential disequilibrium of U within the weathered zone.
channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc). These examples
should not be taken as limiting the
broad meaning of sampling.
Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.
Aspects of the determination of
mineralisation that are Material to the
Public Report.
In cases where ‘industry standard’ work
has been done this would be relatively
simple (eg ‘reverse circulation drilling
was used to obtain 1 m samples from
which 3 kg was pulverised to produce a
30 g charge for fire assay’). In other
cases more explanation may be
required, such as where there is coarse
gold that has inherent sampling
problems. Unusual commodities or
mineralisation types (eg submarine
nodules) may warrant disclosure of
detailed information.
Drilling
techniques
Drill type (eg core, reverse circulation,
All drilling was conducted using heli-supported Aircore
rig with either blade, blade-vacuum and tri-cone
sampling bits.
open-hole hammer, rotary air blast,
auger, Bangka, sonic, etc) and details
(eg core diameter, triple or standard
tube, depth of diamond tails, face-
sampling bit or other type, whether core
is oriented and if so, by what method,
_etc). _
Drill sample
recovery
Method of recording and assessing
Undersize drilling samples returned are recorded on
drill hole sampling sheets.
core and chip sample recoveries and
results assessed.
Measures taken to maximise sample
recovery and ensure representative
nature of the samples.
Whether a relationship exists between
sample recovery and grade and
whether sample bias may have

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

occurred due to preferential loss/gain of
fine/coarse material.
Logging Whether core and chip samples have
been geologically and geotechnically
logged to a level of detail to support
appropriate Mineral Resource
estimation, mining studies and
metallurgical studies.
Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography.
The total length and percentage of the
relevant intersections logged.

All chip samples are logged systematically recording
lithology, alteration and mineralisation. Drilling was
undertaken for exploratory purposes.

Lithological logging is qualitative.

All (100%) drill intervals have been logged by company
geologists.
Sub-
sampling
techniques
and sample
preparation
If core, whether cut or sawn and
The samples obtained are considered to be
representative of the intervals from which they were
obtained and sampling and sub-sampling techniques
were appropriate for the sample type and for
exploration purposes.

Field Blanks, duplicates or laboratory prepared
standards were inserted into the sampling sequence
for assay.

Samples chosen for assay are submitted for analyses
to NTEL Laboratory in Darwin. Further sample
preparation is undertaken by NTEL prior to assay. Drill
samples are dried to a core temperature of
approximately 100ºC. Dried samples are then coarse
crushed using a Boyd crusher to a sizing of
approximately 5mm. The total sample is then milled in
an LM5 pulveriser to 85% passing 75µm. An analytical
pulp of 250 g is taken from the bulk and the residue
retained. The pulp sample is retained by the lab.

Sample sizes were considered appropriate for the type
of material being sampled.
.
whether quarter, half or all core taken.
If non-core, whether riffled, tube
sampled, rotary split, etc and whether
sampled wet or dry.
For all sample types, the nature, quality
and appropriateness of the sample
preparation technique.
Quality control procedures adopted for
all sub-sampling stages to maximise
representivity of samples.
Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for
instance results for field
duplicate/second-half sampling.
Whether sample sizes are appropriate
to the grain size of the material being
sampled.
Quality of
assay data
and
laboratory
tests
The nature, quality and
A Radiation Solutions RS-125 spectrometer was used
to measure radioactivity (in counts per second – cps) of
each sample. Some samples are selected for
laboratory assay based geological observation and
radioactivity (cps) relative to background.

Geochemical assay of representative samples is
undertaken at NTEL’s Darwin laboratory. Uranium
analysis is undertaken utilising ICP-MS using Lithium
appropriateness of the assaying and
laboratory procedures used and
whether the technique is considered
partial or total.
For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations
factors applied and their derivation, etc.

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

Nature of quality control procedures
adopted (eg standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (ie lack of bias) and precision
have been established.
Borate fusion of the pulp sample. This technique is
considered a total analysis method and appropriate for
the style of mineralisation targeted.

Field Standards, blanks and duplicates were included
in the samples submitted to the laboratory.

No assay data is provided in this report
Verification
of sampling
and
assaying
The verification of significant
No assay data is provided in this report

No adjustment of assay data is undertaken
intersections by either independent or
alternative company personnel.
The use of twinned holes.
Documentation of primary data, data
entry procedures, data verification, data
storage (physical and electronic)
protocols.
Discuss any adjustment to assay data.
Location of
data points
Accuracy and quality of surveys used
Current sample locations were surveyed using GPS
with accuracies of between 1-4 metres.

All samples have been surveyed on Map Grid of
Australia 94 (MGA94 Zone 53).
to locate drill holes (collar and down-
hole surveys), trenches, mine workings
and other locations used in Mineral
Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic
control.
Data
spacing and
distribution
Data spacing for reporting of
Exploration Results.
Whether the data spacing and
distribution is sufficient to establish the
degree of geological and grade
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications
applied.
Whether sample compositing has been
applied.

Drilling was broad spaced for exploratory purposes to
test new structural targets and until significant
mineralisation is identified is insufficient to define
mineral resources.

Sample compositing has not been applied.
Orientation
of data in
relation to
geological
structure
Whether the orientation of sampling
Current sampling is of an exploratory nature. There is
generally insufficient data in the areas during this
phase of work to determine the orientation of host
structures.

No known sampling bias is known to have been
introduced.

The majority of samples were taken from the
weathered zone. No allowance is made for potential
disequilibrium of uranium in this zone.
achieves unbiased sampling of
possible structures and the extent to
which this is known, considering the
deposit type.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
Sample The measures taken to ensure sample
Samples, each contained in calico and subsequent zip
tiedpolyweave sample bags are delivered byAlligator
security.

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

security personnel with Chain of Custody documentation
directly to NTEL laboratory in Darwin.
Audits or
reviews
The results of any audits or reviews of
sampling techniques and data.

No audits have been undertaken for this phase of work.

Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral
tenement
and land
tenure
status
Type, reference name/number, location
All work reported in this ASX release was
undertaken on the Beatrice Project JV.

The Beatrice Project JV with Cameco which is
comprised of exploration licences EL24291 and
EL26796 in the Northern Territory. The
tenements are held by Cameco Australia Pty Ltd.
Alligator executed the Beatrice Joint Venture
agreement with Cameco on 18 December 2014.

The key terms of the Joint Venture are as
follows:
Alligator may earn a Stage 1 interest of 51% of
the project by exploration expenditure of
$250,000 prior to 2 July 2016. Alligator may
maintain its Stage 1 interest by sole funding to a
total of $2.0 million for exploration activities prior
to 2 July 2017 (Stage 2). Following completion of
Stage 2, Cameco may elect to fund continuing
exploration on a pro-rata basis to maintain
a 49% interest or dilute its interest. If AGE fails to
meet its expenditure commitments up to the
end of Stage 2, AGE will forfeit its interest in the
Project.
On definition of a resource of 75Mlb U3O8
resource (inferred+indicated+measured), the JV
must
commence
a
NI43-101
compliant
Prefeasibility Study (PFS) within 12 months of
identifying a qualifying resource.
Cameco may elect to manage and operate
during the PFS stage and fund 51% of the PFS
following making a payment of $2 million to AGE,
provided they have maintained a 49% interest.
Followingcompletion of the PFS, Cameco may
and ownership including agreements or
material issues with third parties such
as joint ventures, partnerships,
overriding royalties, native title
interests, historical sites, wilderness or
national park and environmental
settings.
The security of the tenure held at the
time of reporting along with any known
impediments to obtaining a licence to
operate in the area.

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

acquire an additional 2% of the project (for a total
of 51%) by paying AGE:
For a total resource of less than 100Mlb U3O8,
an amount equal to 2% x Total Resource (lbs
U3O8) x $5/lb U3O8.
For a total resource of greater than 100Mlb
U3O8, an amount equal to 2% x Total Resource
(lbs U3O8) x $6/lb U3O8 less the initial PFS
payment ($2 million).

There are no known existing impediments to
operating on any granted tenement within the
Beatrice Project area.
Exploration
done by
other
parties
Acknowledgment and appraisal of
Regional exploration has previously been
undertaken by other parties in the region by
Queensland Mines Ltd (1970-1972), Afmeco
(1996-2001) and Cameco Australia Pty Ltd
(2001-2010).
exploration by other parties.
Geology Deposit type, geological setting and
style of mineralisation.

Alligator is exploring for Unconformity Associated
Style Uranium Deposits. The geology of the area
being targeted is comprised primarily of
Carpentarian aged sandstones of the Kombolgie
Formation overlying multiply deformed meta-
sediments of the lower-Proterozoic Cahill Fm and
Archaean granite Gneiss Complexes.
Drill hole
Information
A summary of all information material
Drill hole survey information is provided in the
Appendix 1 of the ASX release. Collar positions
were located by GPS with accuracies of 1-
4metres. This accuracy is considered sufficient
for exploration purposes and for the style of
mineralisation targeted.
to the understanding of the exploration
results including a tabulation of the
following information for all Material drill
holes:
easting and northing of the drill hole
collar
elevation or RL (Reduced Level –
elevation above sea level in metres) of
the drill hole collar
dip and azimuth of the hole
down hole length and interception
depth
hole length.
If the exclusion of this information is
justified on the basis that the
information is not Material and this
exclusion does not detract from the

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

understanding of the report, the
Competent Person should clearly
explain why this is the case.
Data
aggregation
methods
In reporting Exploration Results,
weighting averaging techniques,
maximum and/or minimum grade
truncations (eg cutting of high grades)
and cut-off grades are usually Material
and should be stated.
Where aggregate intercepts
incorporate short lengths of high grade
results and longer lengths of low grade
results, the procedure used for such
aggregation should be stated and some
typical examples of such aggregations
should be shown in detail.
The assumptions used for any
reporting of metal equivalent values
should be clearly stated.

No mineralised intercepts have been reported.
Relationship
between
mineralisati
on widths
and
intercept
lengths
These relationships are particularly
No mineralisation widths have been reported.
important in the reporting of Exploration
Results.
If the geometry of the mineralisation
with respect to the drill hole angle is
known, its nature should be reported.
If it is not known and only the down
hole lengths are reported, there should
be a clear statement to this effect (eg
‘down hole length, true width not
_known’). _
Diagrams Appropriate maps and sections (with
scales) and tabulations of intercepts
should be included for any significant
discovery being reported These should
include, but not be limited to a plan
view of drill hole collar locations and
appropriate sectional views.

Refer Figure 1
Balanced
reporting
Where comprehensive reporting of all
All results of significance have been reported
within this report.
Exploration Results is not practicable,
representative reporting of both low
and high grades and/or widths should
be practiced to avoid misleading
reporting of Exploration Results.
Other
substantive
exploration
data
Other exploration data, if meaningful
and material, should be reported
including (but not limited to): geological
observations; geophysical survey
results; geochemical survey results;
bulk samples – size and method of
treatment; metallurgical test results;
bulk density, groundwater, geotechnical
and rock characteristics; potential
deleterious or contaminating
substances.

No significant exploration data has been omitted

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE

==> picture [560 x 91] intentionally omitted <==

Further
work
The nature and scale of planned further
This document provides an early update on an
ongoing shallow drilling program which is testing
three
exploration
targets
(BT-4,
Beatrice
Prospect and BT-1). Details of the proposed
drilling program were provided in an ASX release
on 9 September 2015.
work (eg tests for lateral extensions or
depth extensions or large-scale step-
out drilling).
Diagrams clearly highlighting the areas
of possible extensions, including the
main geological interpretations and
future drilling areas, provided this
information is not commercially
sensitive.

Competent Person’s Statement

Information in this report is based on current and historic Exploration Results compiled by Mr Rob Sowerby who is a Member of the Australasian Institute of Geoscientists. Mr Sowerby is CEO and Director of Alligator Energy Ltd, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Sowerby consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

About Alligator Energy

Alligator Energy Ltd is an Australian, ASX listed, company with uranium exploration tenements in the world class Alligator Rivers Uranium Province in Arnhem Land, Northern Territory. The Alligator Rivers Uranium Province hosts nearly 1 billion pounds of high grade uranium resources and past production, including the Ranger Mine and Jabiluka. The company’s assets include the Tin Camp Creek Project and Joint Ventures with Cameco Australia Pty Ltd at the Beatrice and Mamadawerre Projects. Since listing in 2011, the company has defined the Caramal Resource (6.5Mlb U3O8 @ 3100ppm U3O8) and intersected high grade uranium at a number of prospects including Mintaka, South Horn and NE Myra. High Grade uranium mineralisation has also been confirmed at the historic Beatrice Prospect. The company has a strong pipeline of prospects with known high grade mineralisation and potential to discover large (>100Mlb U3O8) high grade resources.

==> picture [217 x 49] intentionally omitted <==

==> picture [217 x 50] intentionally omitted <==

==> picture [217 x 49] intentionally omitted <==

==> picture [217 x 49] intentionally omitted <==

==> picture [215 x 49] intentionally omitted <==

==> picture [215 x 48] intentionally omitted <==

==> picture [215 x 49] intentionally omitted <==

==> picture [215 x 48] intentionally omitted <==

Project Location Diagrams

Alligator Energy Ltd ACN 140 575 604 Website: www.alligatorenergy.com.au Phone: +61 7 3852 4712 | Fax: +61 7 3852 5684 ASX Code: AGE