Alligator Energy Boosts Blackbush Uranium Resource Estimate

Alligator Energy Ltd ( (AU:AGE) ) has shared an update.

Alligator Energy has announced an updated Mineral Resource Estimate (MRE) for its Blackbush Deposit within the Samphire Project, showing a 10% increase in the Indicated portion of the resource to 14.2 million pounds at an average grade of 786 ppm U3O8. This enhancement reflects a 135% increase since the start of drilling in 2022 and positions the company for potential increased production rates. The updated MRE, prepared by AMC Consultants, highlights the improved accuracy and integrity of the resource, which is crucial for the upcoming Definitive Feasibility Study and well field designs. The company plans to focus future drilling efforts on the Plumbush prospect and the Blackbush Extension, pending access arrangements and heritage surveys.

More about Alligator Energy Ltd

Alligator Energy Ltd is a company operating in the mining industry, focusing on uranium exploration and development. Its primary project is the Samphire Project in South Australia, where it is actively engaged in resource drilling and mineral resource estimation.

YTD Price Performance: 3.33%

Average Trading Volume: 7,109,438

Technical Sentiment Signal: Buy

Current Market Cap: A$120.1M

For a thorough assessment of AGE stock, go to TipRanks’ Stock Analysis page.