Investor Update - 28 November 2018
Brisbane, Nov 28, 2018 AEST (ABN Newswire) - Alligator Energy Ltd (
ASX:AGE) provides the Company's Investor Update - 28 November 2018.
Summary of project status and further work
Alligator is focused on the discovery of large economic high grade energy related metal deposits (Uranium, Nickel, Cobalt) with clear pathways for approval and development.
The tenements held in the Alligator Rivers Uranium Province (ARUP) region contain multiple uranium targets in a well-defined regional uranium bearing zone, which includes the Caramal resource.
TCC4 has now had first pass drilling, identifying potential uranium host rock units. The technical data generated will be integrated into the existing geological framework to allow further prioritisation and refinement of TCC4, along with other targets within the zone consolidating its position in a world class uranium province as the uranium market continues to firm up.
Alligator's Piedmont project setting is a major gabbroic mafic complex, with subvolcanic layered intrusive structures leading down to depth. The region of interest appears to extend some 30kms in length, by 2 to 3kms wide, and contains multiple historic Ni Co Cu mines.
Alligator's ground truthing and sampling has confirmed the high grade tenor of the region, and the company is now committed to a targeted drilling program to be based around best technical advice on similar deposit types.
To view the full presentation, please visit:
http://abnnewswire.net/lnk/261Q1510
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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