Alligator Energy targets uranium hunt at Big Lake as early as next quarter

Alligator owns 100% of Big Lake. After spending the past year interpreting publicly available 2D/3D seismic data, Alligator Energy Ltd (ASX:AGE, OTC:ALGEF) is ready for the hunt for uranium at the Big Lake Uranium Project in South Australia’s Cooper Basin as early as the first quarter of next year.

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. Proposed drill sites for 2024. Well-placed for execution

“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 […]

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