Alligator Energy projects update

Alligator Energy (ASX: $AGE) has provided an update on its portfolio of development and exploration projects. The company has made significant progress on the Samphire Retention Lease application, with the lodgement of all additional information requested by the Department of Energy and Mining (DEM) relating to the conduct of the Field Recovery Trial (FRT) on track for later this week. Additionally, an Expression of Interest for the on-site assembly of the FRT plant modules and associated infrastructure has been issued to seven short-listed local Whyalla contractors, with five progressing through the next round of evaluation. Construction work for the FRT is set to commence once all approvals are in place and is currently targeted for Q4.

Executive commentary

The team at Alligator remain exceptionally busy on preparations ahead of the anticipated final approvals for the field recovery trial, our first foray into the Cooper Basin targeting the potential to be a new uranium-bearing basin at Big Lake and finalising plans for our 2024 drilling program at Nabarlek North. This platform sets the Company up for significant progress on all three core projects and hence the potential for solid news flow in the second half of the year.

Summary

Alligator Energy has made significant advancements in its projects, particularly with the progress on the Samphire Retention Lease application and the initiation of the inaugural Big Lake drill program. The company's CEO, Greg Hall, expressed optimism about the future, highlighting the potential for significant progress on all three core projects and solid news flow in the second half of the year. With construction work for the FRT set to commence once all approvals are in place and the 2024 drilling program at Nabarlek North planned to commence mid-late August, Alligator Energy is poised for a period of substantial development and exploration activities.