Alligator Energy outlines uranium plans for Big Lake
November 20, 2023 at 04:11 pm
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Alligator Energy Ltd (ASX:AGE, OTC:ALGEF) CEO Greg Hall discusses with Proactive exploration plans for the company’s Big Lake Uranium Project in South Australia’s Cooper Basin. The ASX-listed company is working on obtaining cultural heritage clearance after agreeing to heritage protection and employment commitments with the Yandruwandha Yawarrawarrka Traditional Landowners Aboriginal Corporation (YYTLOAC). Subject to rig availability, Alligator is targeting a drilling program of up to 45 holes averaging 140 metres in depth to test its mineralisation model on a number of drill fences to set the foundations for a more target-driven future drilling program.
“We have spent the last year methodically interpreting the seismic data that is publicly available from previous work done by the oil and gas companies operating in the Cooper Basin,” Hall said.
“This approach was viewed as a cost-effective method of identifying areas across our tenement package that display the right attributes for an exploratory drill program. We are now well-placed to execute on our first on-ground work program."
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Jonathan Jackson
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Jonathan@proactiveinvestors.com
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Alligator Energy Limited is an Australian exploration company focused on uranium and energy related minerals, principally cobalt and nickel. The Company's projects include Samphire, Big Lake, Alligator Rivers (ARUP) and Piedmont. The Samphire Project is located 20 kilometers south of Whyalla in regional South Australia and contains inferred resources totaling 47 million pounds amenable to in situ recovery (ISR). The Samphire Project includes uranium historical prospects (Blackbush and Plumbush). It owns 100% of the Big Lake Uranium Project in the Cooper Basin, South Australia, a project targeting discovery of Australia's ISR uranium field. The ARUP Project contains multiple uranium targets, which includes the Caramal uranium resource bearing around 6.5 million pounds of uranium at a high-grade of 3,100 parts per million. The Piedmont Project is located in Northern Italy, containing multiple historic copper, cobalt and nickel mines with notable gold and platinum group element credits.