Alligator Energy Ltd ( (AU:AGE) ) has issued an update.
Alligator Energy Ltd has halted its drilling operations at the Big Lake Uranium Project due to impending floodwaters from heavy rains in Western Queensland. The company has initiated demobilization procedures to ensure the safety of personnel and equipment, issuing a force majeure notice to its drilling contractor. The floods are expected to cause significant disruption, with access to the area potentially cut off for a prolonged period. Despite the challenges, Alligator Energy remains committed to keeping stakeholders informed about flood developments and future drilling plans.
More about Alligator Energy Ltd
Alligator Energy Ltd is a company operating in the energy sector, focusing on uranium exploration and development. The company is engaged in projects such as the Big Lake Uranium Project in South Australia, aiming to explore and potentially exploit uranium resources.
YTD Price Performance: -6.67%
Average Trading Volume: 6,213,994
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$108.5M
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