Alligator Energy's exploration achievements and future plans

Alligator Energy (ASX:AGE) has released its quarterly activities report for the quarter ending 30 September 2024. The company reported significant advancements in its uranium exploration projects, including a new discovery at the Big Lake Project. Progress was also made in the Samphire Project with ongoing drilling activities. AGE is awaiting regulatory approvals and is preparing for further exploration and development in upcoming quarters.

Summary of Alligator Energy's quarterly achievements

Alligator Energy's quarterly report highlights a new uranium discovery at the Big Lake Project and continued progress at the Samphire Project, where resource expansion drilling is underway. The company is awaiting regulatory approvals for the Samphire Retention Lease and has planned further drilling and development activities. With a cash balance of $23.5 million, Alligator Energy is well-positioned to advance its projects. The company is also participating in the nuclear energy market's developments, with industry partnerships underscoring the growing demand for uranium. Looking ahead, Alligator Energy plans to conduct feasibility studies at Samphire in 2025 and continue engagements with traditional landowners for further exploration at Big Lake.

Executive insights on uranium exploration progress

We are pleased with the progress made in our uranium exploration projects over the past quarter, particularly the new discovery at the Big Lake Project. The successful drilling at Samphire and our strong cash position put us in a favorable position to continue advancing our projects. We remain committed to engaging with regulatory authorities to secure necessary approvals for our ongoing and future activities.