Alligator Energy's announcement on substantial extensions to uranium-hosting palaeochannel system

Alligator Energy (ASX: $AGE) has announced the identification of substantial extensions to the known uraniferous Samphire palaeochannel system through the recent acquisition of ground gravity data at the Samphire Uranium Project, near Whyalla, South Australia. The ground gravity data shows outstanding continuity of the Samphire palaeochannel system by 34 lineal km's, representing a 50% increase to the existing 64km of palaeochannel strike length. Historical drillholes confirm that the extensions to the palaeochannel system contain the same thick sequences of Kanaka Bed sands which host the 17.5Mlb Blackbush Uranium Mineral Resource and Plumbush Uranium Prospect. Multiple historical drillhole intersections above 250ppm eU3O8 cutoff within the extensions confirm that uranium is ubiquitous throughout this regional palaeochannel system. With this extension, 72% of the prospective areas of the entire Samphire palaeochannel system now remain completely untested by drilling, indicating the significant potential for new discoveries and resource growth in the Project area.

Executive Commentary on Samphire palaeochannel system extension

The Samphire Project palaeochannel system is incised into the underlying dense granite (source of the uranium) and the density contrast between this and the overlying sediments provides the ability for ground gravity to detect margins of the palaeochannels in a very effective way. Alligator has used this to great effect, ensuring that drilling is dominantly within the palaeochannel margins, with very little wasted drilling during resource extension and exploration drilling. We have now extended identification of this channel system by 50%.

Summary of Alligator Energy's announcement

Alligator Energy's identification of substantial extensions to the known uraniferous Samphire palaeochannel system through the recent acquisition of ground gravity data at the Samphire Uranium Project represents a significant milestone. The extension of the Samphire palaeochannel system by 50% indicates the potential for new discoveries and resource growth in the Project area. With 72% of the prospective areas of the entire Samphire palaeochannel system remaining completely untested by drilling, there is a clear indication of significant untapped potential. Alligator's CEO, Greg Hall, highlighted the effective use of ground gravity to detect margins of the palaeochannels, minimizing wasted drilling during resource extension and exploration drilling. The company's multi-year uranium exploration program will now integrate these new targets, setting the stage for potential future developments and resource expansion.