Alligator Energy spinning the bit at promising Samphire uranium target

• Drilling targeting significant resource growth potential
• Testing southern extension of Blackbush and expansion of the Plumbush deposit
• Results expected to underpin next mineral resource
• Rapid execution of Alligator’s Samphire growth strategy

Alligator Energy (ASX:AGE) has reached a key milestone in its growth strategy with drilling underway on the Mullaquana Crown Lease with a focus on the promising Samphire uranium project in South Australia.

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The approximately 300 drilling program represents the next phase of resource growth at the Samphire project following the recent 67% increase in the project’s mineral resource to 30 million pounds (Mlbs) of U3O8.

The drilling in Mullaquana Crown Lease marks the first exploration activities on this area following execution of the recent call option to purchase the property.

The significant initial program is designed to drill the southern extensions of Blackbush and infill drill at Plumbush to upgrade as much of the Inferred mineral resource this year to Indicated.

There is also a focus on testing continuity of mineralisation in the Blackbush and Plumbush corridor.

CEO and MD, Andrea Marsland-Smith, said the rapid commencement of drilling following execution of the Mullaquana option agreement demonstrates Alligator’s commitment to advancing the Samphire project and executing its growth strategy.

“The newly accessible ground has long been recognised as highly prospective, and this program is targeting opportunities to expand the Mineral Resource and further strengthen the development case for Samphire as we progress the bankable feasibility study (BFS).”

In mid-June Alligator unveiled its maiden Inferred mineral resource estimate (MRE) of 12 Mlbs at the Plumbush deposit, located within five km south of the Blackbush deposit at the Samphire project.

The addition of Plumbush to the Samphire project’s resource base significantly enhances the scale and potential continuity of the project, increasing the total MRE by 67% from 18 Mlbs to 30 Mlbs, all of which has been deemed amenable to in-situ recovery.

The Plumbush MRE also highlighted the prospectivity of the broader Samphire tenure and supports the potential development of multiple mineralised centres within the Samphire project.

 The MRE also has the potential to contribute to future development planning and potentially increase the mining inventory beyond the scoping study and provide operational and infrastructure synergies which the company is assessing as part of a BFS currently underway and expected to be released in mid-2027.

AGE is down 2.78% to 5.3¢. Mkt cap $239.5M.

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