Alligator Energy moves forward with uranium project

Alligator Energy (ASX: AGE) has taken a step forward in its Samphire Uranium Project. The company received draft Retention Lease documents from the South Australian Department for Energy and Mining. The lease outlines conditions for conducting a field recovery trial near Whyalla. Alligator Energy has 28 days to review these conditions before proceeding.

Key developments in Alligator Energy's uranium project

Alligator Energy has received draft Retention Lease documents for its Samphire Uranium Project, allowing it to conduct a field recovery trial near Whyalla, South Australia. The company has 28 days to review the conditions provided by the South Australian Department for Energy and Mining. Acceptance of the conditions will lead to the issuance of the Retention Lease, enabling the commencement of trial preparations. The final regulatory step before construction is the approval of the Program for Environment Protection and Rehabilitation (PEPR), expected in early 2025. The field recovery trial will include testing extraction well patterns and operating a pilot uranium extraction plant. Results from the trial will contribute to a Definitive Feasibility Study, furthering Alligator Energy's ambitions in uranium extraction. The company, with expertise in energy-related minerals, is strategically advancing its projects in both Australia and Italy.

Executive insights on Samphire Uranium Project

Understanding the operational and environmental obligations is crucial for us as we prepare to proceed with the construction and operation of the Field Recovery Trial post-approval.