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Alligator Energy (ASX:AGE) has successfully completed the dry and wet commissioning at its Samphire Uranium Project pilot plant, which this Market Link writer recently flagged would be a “major de-risking event” for the company.
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Disclaimer: This content has been prepared as part of a partnership with Alligator Energy Ltd and is intended for informational purposes only.
The major plant milestone means Alligator is now preparing to move into live operations at the South Australian locale, which strategically sits near the regional hub of Whyalla, with a field recovery trial (FRT) to start next week.
“This is an exciting time for Alligator and a milestone the team has been working towards for a number of years,” said CEO Andrea Marsland-Smith.
“Completing commissioning in line with the schedule previously provided to the market bodes very well for the next phase of the project and highlights the strength of our internal capabilities and the quality of our team.”
The next immediate steps will involve energising the plant as well as any final tech preparations still on the cards for Alligator’s on-site engineers.
The expectation is that the South Australian producer will be starting first test pattern pre-conditioning next week, the company told shareholders, which will then serve as a preliminary stage for uranium extraction.
“The coming months will be busy and highly active,” Ms Marsland-Smith said today, “with the FRT, resource upgrades, and expanded drilling programmes all underway as we continue to build momentum across the business.”
The Market Link understands first FRT results will come in late March.
To support the start of the FRT, Alligator has also recruited a full operations team.
Elsewhere on Alligator’s docket, “aggressive” drilling is also scheduled to start through this quarter at Samphire and Big Lake (weather permitting).
And, the company is continuing to work on mining lease permits and the completion of a bankable feasibility study. Both will be used as cornerstones as Alligator moves into a “period of high operational activity.”
Through Tuesday, AGE has been selling at 4.6cps.
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