Quarterly Activities Report
Brisbane, Oct 30, 2020 AEST (ABN Newswire) - Alligator Energy Limited (
ASX:AGE) is pleased to release the 30 September 2020 Quarterly Report.
Uranium
- Completion of Samphire Project acquisition in South Australia - addition of a 47Mlb U3O8 resource (Refer ASX announcement: 8 Oct 2020)
- Agreement finalised for SA Government Accelerated Development Initiative (ADI) for up to $152,400 in co-funding at Big Lake Uranium (BLU) project
- Funds targeted for geophysics program at BLU once an identified Contractor is able to travel on an unrestricted basis to South Australia
- Exploration strategy and initial target development for the Nabarlek North tenements now drafted - while COVID restrictions are easing, onset of wet season indicates work now likely to occur in 2021
Energy Minerals
- All Piedmont Ni Co (Cu Au) tenements remain in good standing
- Piedmont Information Memorandum seeking a strategic partner completed and sent to targeted groups
Corporate
- Subsequent to quarter end (1 October 2020) Shareholder approval was obtained for the acquisition of the Samphire Uranium Project
- Cash balance at quarter end of $0.55m with additional $0.64m unrestricted cash in early October 2020 with the Samphire acquisition, bringing cash position to $1.2 million at that time
Plans for the forthcoming quarter
- Desktop studies underway on Samphire Project in processing technology improvements, intermediate product potential, resource expansion and exploration, and hydrogeology
- Finalise BLU native title agreements
- Negotiate terms for the BLU geophysics plan with the preferred contractor
- ARUP site visit including key stakeholder engagement
- Alligator is continuing to pursue future uranium opportunities and external projects in target regions. We believe this is the right time to evaluate value-adding uranium opportunities while the uranium production profile is suppressed and nuclear power expansion continues
- Progress discussions on the Piedmont Project (NW Italy) with interested strategic investors
To view the Quarterly Report, please visit:
https://abnnewswire.net/lnk/RNX0S1BB
About Alligator Energy Ltd
Alligator Energy Ltd (ASX:AGE) is an Australian, ASX-listed, exploration company focused on uranium and energy related minerals, principally cobalt-nickel.
Alligator's Directors have significant experience in the exploration, development and operations of both uranium and nickel projects (both laterites and sulphides).
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