Alligator Energy's uranium discovery at Big Lake

Alligator Energy (ASX: AGE) has announced a significant new uranium discovery at its Big Lake Uranium Project in South Australia. The company's inaugural drilling program revealed substantial uranium mineralization, confirming the potential for In-Situ Recovery (ISR) methods. These findings validate earlier assessments and mark an important milestone for the project.

Key results and future plans for Big Lake

Alligator Energy's recent announcement highlights a new uranium discovery at the Big Lake Uranium Project, bolstered by significant assay results from its drilling program. The project is strategically located within the Lake Eyre basin, above the Cooper Basin, a region known for its hydrocarbon richness. The potential for ISR mining is particularly noteworthy, drawing parallels to similar global uranium fields. Looking ahead, Alligator Energy plans to conduct further exploratory drilling in early 2025, with a focus on engaging Traditional Owners and stakeholders. This discovery enhances the company's exploration portfolio and positions it to contribute significantly to future uranium supply.

CEO's insights on the Big Lake discovery

The assay results from our Big Lake Uranium Project are very encouraging and highlight the project's potential. We are excited to continue our exploration efforts and work closely with Traditional Owners and stakeholders to further assess this promising discovery.