Alligator Energy Ltd (AU:AGE) has released an update.
Alligator Energy Ltd has launched its first drilling program at the Big Lake Uranium Project, aiming to explore the northern extensions of uranium-bearing formations in South Australia. The program consists of up to 40 aircore holes, targeting the Namba formation to validate potential mineralization channels and formation quality, with results expected by late 2024. This exploratory step represents the company’s initial phase in establishing the area as a potential uranium-producing basin.
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