Alligator Energy Ltd · ASX:AGE
Alligator Energy — Investor Presentation (April 2019)
43 slides from Alligator Energy's investor presentation, Apr 30, 2019
Slide 1: Alligator Energy Ltd Projects review update
Alligator Energy Ltd Projects review update 30 April 2019 – Greg Hall, CEO – Pete Moorhouse, Exploration Manager
Slide 2: Disclaimer & Competent Person's Statement
2 Disclaimer & Competent Person’s Statement Disclaimer This presentation contains projections and forward looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations
Slide 3: Summary of project status and further work
3 Summary of project status and further work Alligator is focused on the discovery of large economic high grade energy related metal deposits (Uranium, Nickel, Cobalt) with clear pathways for approval and development. The tenements held in the Alligator Region Uranium Province (ARUP) region contain
Slide 4: Nuclear Power and Uranium Outlook
4 Nuclear Power and Uranium Outlook World Nuclear Association reports that global nuclear power generation is now above the level at time of 2011 Japanese tsunami. This is mainly through new nuclear plant construction in China, India, Russia, the Middle East, and a range of other countries; In M
Slide 5: Nuclear power outlook
Nuclear power outlook 5 Reactors currently under construction – China has recently announced re-start of new plant approvals after three year review
Slide 6: Nuclear power outlook
Nuclear power outlook 6 Connection rate of new nuclear power capacity globally, with future World Nuclear Association predictions.
Slide 7: Uranium outlook
Uranium outlook 7 UXC Uranium supply demand – 2016 – Existing Production has now been curtailed further by Kazak reductions, McArthur River and Langer Heinrich production halts
Slide 8: Uranium outlook
Uranium outlook 8 Historically most uranium sold under long term contracts at above spot price mechanisms – recent excess supply has facilitated higher spot and medium terms sales – spot price now increasing
Slide 9: Uranium outlook
Uranium outlook 40% Dec-19, 12mth outlook vs. Dec-18 20% aig | Pe -20% -40% -60% BEGDHSEEEGVTSGELRLESBDTACLERE S<SSPSSRCRESSESSELV SSP osks L2oRyZ SEQP— BEN 2.2 ''°o oo oc cH BES S665 Law’ no doze onl a BOO & 7 a £ = o gx € Source: Macquarie Commodity Strategy, January 201 8 Alligator Energy
Slide 10: Uranium outlook
60% 40% 20% 0% -20% -40% -60% Uranium outlook EDTEZSVEEBRLASOEBVLLBOBE ee ee eo OE a Oe 0 a e2l2ca 7; £2£60.- 9 5-—@ NE oe = = Dn ae J 5s 4 5S =$3s 2 G8 co + a oO 2 Oo s &§ = £ Source: Macquarie Commodity Strategy, January 2018 rhodium thermal coal 10 2023, 5-year outlook vs. 2018
Slide 11: Alligator Rivers Uranium Province (ARUP)
11 Alligator Rivers Uranium Province (ARUP) • Significant global unconformity uranium deposits occur in the Athabasca and ARUP. • Initial discoveries in ARUP were at surface (Ranger, Nabarlek, Koongarra). Ranger orebodies were likely larger – unknown how much of them has eroded over millions of year
Slide 12: Alligator Rivers Vs Athabasca
12 Alligator Rivers Vs Athabasca AGE developed model during 2012 – the largest deposits in these basins are under cover For a variety of reasons, the progressive exploration under cover in ARUP did not occur.
Slide 13: Granted Tenure in the ARUP
Granted Tenure in the ARUP • Alligator holds approximately 650Km² of granted tenure. • 5 tenements in total (3 large and 2 minor) • Second largest granted footprint in ARUP Granted Holdings Company Tenements Area Km² AGE 5 648.30 VMY 5 1616.51 DEV 3 427.30 RIO 1 37.35 TOR 1 66.51
Slide 14: Granted and Applications in the ARUP
Granted and Applications in the ARUP • Alligator holds over 2000Km² of granted and tenement applications within the primary exploration district of the Alligator rivers. • Sandstone depth typically <300m • Ground access to most tenure Application Holdings Company Tenements Area Km² AGE 21 1399.25 VM
Slide 15: TCC and Beatrice Project Overview
15 TCC and Beatrice Project Overview Best drilling intersects from various prospects within currently granted AGE tenements ARUP is the only region delivering high grade uranium in Australia
Slide 16: Alligator Energy In the Alligator Rivers 2011 - 2018
Alligator Energy In the Alligator Rivers 2011 - 2018 • Work completed since 2011 include: • Over 30,000 metres of Drilling • Over 10,500 whole rock geochemical samples • Over 100 R&D test geochemical samples including vegetation and water • Over 6000 line kms of Airborne Geophysics • Over 6000 Gravi
Slide 17: R&D Initiatives Exploring Undercover
R&D Initiatives Exploring Undercover • Sub Audio Magnetics (SAM) used in conjunction with decay isotope sampling to highlight coincident surface geochemical anomalies with basement geophysical conductors. • Isotopic decay products (eg Pb isotopes) are a geochemical proxy for uranium. • Targeted SAM
Slide 18: Alligator Energy In the Alligator Rivers 2011 - 2018
Alligator Energy In the 18 Alligator Rivers 2011 - 2018 • Definition of a maiden JORC resource at Caramal released April 2012. • Identification and advancement of over 25 targets requiring further testing including the refinement of TCC4 to drill ready status (Initial testing in 2018) • R&D into geo
Slide 19: Target Inventory in 2017
Target Inventory in 2017 Over 25 targets were defined at varying stages of advancement This included TCC4 which was selected as the priority
Slide 20: TCC4 – Targeting rationale
TCC4 – Targeting rationale 20 TCC4 was chosen for initial drill testing in 2018 Interpreted Cahill basement – similar to Ranger Coincident SAM and geochemical Pathfinder responses Graphitic schists at U/C contact from 2014 drilling – similar to Ranger Large regional fertile fault structures
Slide 21: What did we find? Why is it significant?
What did we find? Why is it significant? 21 • 7 holes were drilled for a total of 2138 metres in 2018 at TCC4 • Alteration zones identified both above and below unconformity – Existing ARUP uranium deposits and mineralised systems are associated with alteration zones – These correlate with signature
Slide 22: TCC4 drilling line cross section
TCC4 drilling line 3 cross section 22 Surface pathfinder response is from older uranium mineralisation, and could be from a deeper mineralised zone adjacent to / impacted by the later dolerite intrusion. Target region is still valid.
Slide 23: TCC4 Promising alteration without Uranium
TCC4 Promising alteration without Uranium: 23 TCRD18-001 ~200m OBRD12-068 ~85m The alteration observed at the unconformity in TCRD18-001 showed great promises with comparisons to alteration observed at Caramal in a known U occurrence. OBRD12-068 = 15m at 0.44% U3O8 from 75m. Although almost in the r
Slide 24: ARUP - Next steps and future work
ARUP - Next steps and future work 24 • A Global and ARUP experienced uranium geologist and an independent structural geologist completed a review of results and interpretation of TCC4 drilling, linking this to historical ARUP information, and developing recommendations and priority targets going for
Slide 25: Discovering Undercover Uranium Deposits
Discovering Undercover Uranium Deposits 25 Learnings from Ranger Three Deeps mineralization, ore zones and structure • Ranger 3 Deeps ore zone – down plunge of Ranger 3 open pit • Structure is the key to formation of these deposits • Stratigraphy is 2nd in importance of mineralisation and key from a
Slide 26: ARUP – Proposed one and three year work program
ARUP – Proposed one and three year work program 26 • Alligator is seeking a strategic partner to sustain a 3 year exploration strategy for the West Arnhem uranium projects. • The ARUP review produced a re-interpreted geological map for West Arnhem, with a particular focus on the key stratigraphic se
Slide 27: Discovering Undercover Uranium Deposits
Discovering Undercover Uranium Deposits 27 AGE 2019 Regional model - Contact zone with Archean basement – linked to oldest structural zones – looking for fertile structures
Slide 28: ARUP – Proposed one and three year work program (cont.)
ARUP – Proposed one and three year work program (cont.) 28 • Year one outcome will delineate most prospective portions of the Alligator tenements. This may result in the rationalisation of the Alligator holdings, with relinquishment or further applications. • Further geophysical data acquisition may
Slide 29: Work In Progress – Structural Framework
Work In Progress – Structural Framework 29 Mineralisation controlling structures are known to terminate below or sole into the unconformity. • Modern data processing and magnetic 3D modelling is being trialled to: – Categorise extremely complex structural history • Specifically identify deep penetra
Slide 30: Nabarlek North (Application)
Nabarlek North (Application) 30 Preferred Cahill basement historically identified in SW. Historic Nabarlek mine < 7km to South with historic production of 22.2Mlb at 1.84% U3O8.U40 prospect located on tenement boundary with reported 6.8m @ 6.71% U3O8. Mineral enriching Granite margins and regi
Slide 31: BT12 – Next Extensive Pathfinder Target
31 BT12 – Next Extensive Pathfinder Target Evidence of Preferred Cahill stratigraphy Strong Geochemical Pathfinder response Large fault structures Nearby U3O8 mineralisation High radionuclide elements (pathfinders) within ground waters Evaluating next step; Beatrice tenement is 25kms eas
Slide 32: Piedmont Project – Northern Italy (Co, Ni, Cu)
32 Piedmont Project – Northern Italy (Co, Ni, Cu) Outstanding geophysical anomalies with no modern follow up exploration within a historic mining district
Slide 33: Location of tenements and applications which comprise Alligator's Piedmont Project
Location of tenements and applications which comprise 33 Alligator’s Piedmont Project
Slide 34: Piedmont Project
34 Piedmont Project • Historic mining district with cobalt, nickel and copper mining taking place from the late 1800’s to the end of WWII • Virtually no modern exploration • Recent EM survey highlights standout target proximal to historic workings, completely untested. • Multiple less defined target
Slide 35: Piedmont Ni Co project – Phase results
35 Piedmont Ni Co project – Phase 1 results • Detailed geological and structural mapping, and on-ground geochemical sampling completed • Large mafic/ultramafic layered complex approx 30kms long by 2-3kms wide – contains known massive sulphide mineralisation, historical mine workings, and potential f
Slide 36: Selection of 2018 surface sample results
Selection of 2018 surface sample results: 36 Sample ID Prospect Co_ppm Ni_% Cu_% Au_ppm Ag_ppm Zn_ppm P18-S003 Cevia 1720 2.48 0.137 0.009 -0.5 11 P18-S080 Cevia 1070 1.57 0.0714 0.013 -0.5 55 P18-S176 Gavala 442 1.31 0.874 0.183 2.7 51 P18-S177 Gavala 247 0.747 6.38 1.385 18.4 67 P18-S159 Gula 158
Slide 37: Piedmont Project Status
Piedmont Project Status 37 Progress since mobilisation of the field team on 11 May 2018 has been as follows: • Additional small historic mine workings with outcropping massive sulphides identified proximal to deeper EM target; • Visual identification of massive sulphide mineralisation proximal to hi
Slide 38: Piedmont Project - Total sampling summary
38 Piedmont Project- Total sampling summary
Slide 39: Piedmont Project - Next steps and future work
Piedmont Project - Next steps and future work 39 • Alligator engaged an experienced nickel specialist with detailed knowledge of these style of deposits to review and recommend future exploration work. • Key recommendation is for a ground EM survey to target deeper drilling, along with potential sho
Slide 40: Primary Target - Alpe Laghetto
Primary Target - Alpe Laghetto 40 Mine Entrance at Alpe Laghetto Gossan at Alpe Laghetto Photos from Nyota Minerals Modelled EM plates with respect to late-time (Ch35) Z-component data (linear colour stretch)
Slide 41: Contact Us
Contact Us Greg Hall – CEO Mike Meintjes – Company Secretary +61 7 3852-4712 gh@alligatorenergy.com.au mm@alligatorenergy.com.au www.alligatorenergy.com.au
Slide 42: Alligator Energy Ltd – Piedmont Deal
42 Alligator Energy Ltd – Piedmont Deal Binding Heads of Agreement with Chris Reindler controlled entities (CRP). AGE paid CRP $45,000 worth of AGE shares to be held in escrow for at least six months (50%) and twelve months (50%); Phase 1 - AGE commits to solely fund and manage a minimum of $250,000
Slide 43: Work Program and Proposed Budget – Piedmont Project
43 Work Program and Proposed Budget – Piedmont Project Phase 1 ($250,000): Ground reconnaissance, geochemical survey and mapping of Alpe Laghetto primary EM target Ground EM or IP survey at Alpe Laghetto to refine drill target potential – if required Siting of initial drill holes and drill permits R
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