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Alligator Energy Limited (ASX:AGE)

ALERT: Price-sensitive ASX Announcement for AGE
Current share price for AGE : $0.033 -0.012 (-26.67%)+
Announcement
Release
24 Aug 2026 11:14AM
Price at Release
$0.045
Full Release
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Summary
Alligator Energy Limited announced its 2026 exploration results at the Big Lake Uranium Project in South Australia's Lake Eyre Basin. The drilling confirmed further uranium mineralisation, particularly at Site 10, where thirty-three aircore holes were completed. Significant intersections were noted with uranium detected at redox boundaries between oxidised and reduced sands. Exploration efforts have extended to 6km south of Site 10, finding similar geological conditions, suggesting wider mineral potential. The company aims to further define the redox front and broader palaeochannel system to guide future exploration efforts.
Key Points
  • Thirty-three aircore holes were completed for 4,112 metres, confirming further uranium mineralisation at Site 10.
  • Follow-up drilling at Site 10 intersected uranium at the redox boundary between oxidised and reduced sands.
  • Significant intersections include 1.0 metre at 0.018% eU3O8 from 98.1m and 1.9 metres at 0.032% eU3O8 from 100.9m.
  • Regional drilling 6km south of Site 10 found similar geological settings, indicating potential for expansion.
  • Alligator Energy focuses on defining the redox front and broader palaeochannel system at Big Lake.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.