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Alligator Energy Ltd ( (AU:AGE) ) has issued an announcement.
Alligator Energy has commenced drilling for the in-situ Field Recovery Trial (FRT) at its Samphire Uranium Project in South Australia, following confirmation from the SA Department for Energy and Mining that all conditions, including the rehabilitation bond, have been met. The company is working with Watson Drilling and other contractors to establish the first production wells, with operations planned to begin in early 2026. This development marks a significant step towards establishing Australia’s next ISR uranium mine, contingent on the success of the FRT, mine lease approval, and financing.
The most recent analyst rating on (AU:AGE) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Alligator Energy Ltd stock, see the AU:AGE Stock Forecast page.
More about Alligator Energy Ltd
Alligator Energy Ltd is a company operating in the uranium mining industry, focusing on the development and exploration of uranium projects. Its primary market focus is on advancing the Samphire Uranium Project in South Australia, aiming to establish it as a significant in-situ recovery (ISR) uranium mining operation.
Average Trading Volume: 20,397,090
Technical Sentiment Signal: Sell
Current Market Cap: A$97.46M
For a thorough assessment of AGE stock, go to TipRanks’ Stock Analysis page.