Alligator Energy (ASX:AGE) has commenced a 300-hole drilling program at its Samphire Uranium Project in South Australia.
The program marks the first exploration on the Mullaquana Crown Lease since the company exercised its option to purchase the property.
Drilling targets the southern extension of the Blackbush deposit — containing 18 million pounds of uranium oxide — as well as expansion of the 12 million pound Plumbush deposit and the prospective corridor between them.
Results are expected to underpin the next mineral resource update in Q1 2027, as well as expand the mining inventory for the ongoing Bankable Feasibility Study.
The program follows a 67% increase in Samphire’s total mineral resource estimate to 30 million pounds of uranium oxide, as previously reported.
In light of this, Alligator says it also intends to conduct infill drilling at Plumbush to convert as much of its inferred mineral resources as possible to the indicated category.
CEO and Managing Director Andrea Marsland-Smith says the rapid commencement demonstrates the company’s commitment to advancing Samphire and executing its growth strategy.
“The newly accessible ground has long been recognised as highly prospective, and this program is targeting opportunities to expand the mineral resource and further strengthen the development case for Samphire as we progress the Bankable Feasibility Study,” Marsland-Smith says.
Alligator Energy is a uranium and energy metals explorer and developer focused on its flagship Samphire Project in Australia.
Write to Paula Fabe at Mining.com.au
Images: Alligator Energy
