• Alligator Energy makes significant uranium discovery at Big Lake

  • Aug 13 2024
  • Duración: 6 m
  • Podcast

Alligator Energy makes significant uranium discovery at Big Lake

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  • Alligator Energy Ltd (ASX: AGE) CEO Greg Hall sits down with Proactive’s Tylah Tully to discuss a significant new uranium discovery made in its inaugural drilling program at the Big Lake Uranium Project in South Australia. The drilling intersected substantial anomalous uranium mineralisation within palaeochannel sand units of the Namba Formation. This discovery validates the presence of significant uranium within the Lake Eyre basin sediments above the Cooper Basin, with the potential for In-Situ Recovery (ISR) mining. Four aircore drill holes encountered mineralised palaeochannel sands at depths between 90 and 130 metres, with indicative grades up to 50 times background levels. These initial results are comparable to the economic cut-off grades used at Alligator’s Samphire ISR Uranium Project. Further drilling is ongoing with samples to be sent to Adelaide for detailed analysis. The discovery is noteworthy as the first greenfields uranium discovery in South Australia since 2007. Alligator plans to proceed with further exploration and approvals after full data analysis. The company acknowledges the foundational work by previous geologists and expresses appreciation to stakeholders who facilitated access for the drilling program. #ProactiveInvestors #AlligatorEnergy #ASX #UraniumDiscovery, #BigLakeProject, #SouthAustralia, #MiningNews, #UraniumMining, #ISRMining, #NambaFormation, #LakeEyreBasin, #CooperBasin, #AirCoreDrilling, #GreenfieldsDiscovery, #ExplorationUpdate, #Mineralisation, #SamphireProject, #UraniumGrades, #GregHall, #AustralianMining, #ResourceExploration, #EnergySector #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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