Alligator completed the acquisition of the Samphire uranium project near Whyalla in South Australia following an in favor EGM conducted on the 1st October 2020. The project acquisition represents a significant value step in the current market and a further quality asset to Alligator’s project portfolio.

Samphire Project Location

The project has an existing 47Mlb in uranium resources as outlined below:

  • Blackbush Inferred Mineral Resource Estimate (JORC 2012) comprising 64.5 million tonnes at a grade of 230ppm eU3O8 containing 14,850 t (32.7 mill lbs) U3O8 at a 100ppm cut-off grade1;
  • Plumbush Inferred Mineral Resource Estimate (stated in compliance with JORC 2004) of 21.8 million tonnes at grade of 292ppm eU3O8, containing 6,300t (13.9Mlbs) of mineralisation at a 100ppm eU3O8 cut-off grade2;
  • Exploration Target – Host geology and anomalism extend beyond the current known mineralisation envelope with uranium intercepts obtained in drill holes up to 3km distant.

1. See ASX:USA release 27 Sept 2013 for which the Competent Persons were Mr Russell Bluck and Mr Marco Scardigno.

2. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. See ASX:USA release 27 Sept 2013 and 1 Oct 2019 Samphire Annual Report for which the Competent Persons were Mr Russell Bluck and Mr Marco Scardigno. Refer also to Cautionary Statement Appendix 1 in ASX release 11/07/2020.

Alligator staff and consultants commenced the undertaking of an initial high level desk top scoping study and exploration review to determine the best value-add propositions for the newly acquired project in the near-term future. A summary of this work includes:

  • Previous testwork and modern advances in resins indicate the project is highly amenable to In-Situ Recovery (ISR) production, with updated ANSTO testwork planned
  • An updated and improved flowsheet for uranium extraction / processing was established based on the consistent higher grade portion of the Blackbush resource
  • Initial OPEX and CAPEX cost estimates were established that were competitive with similar ISR operations – these will be confirmed and disclosed in the next phase of work
  • Due to the Blackbush resource being currently 100% inferred, ASX guidelines do not allow the publication of forward-looking financial figures / statements at this stage
  • Extensive review of previous exploration confirmed the high quality of existing work with over 790 historic drill holes totalling over 58,000m, mainly focused on the Blackbush and Plumbush resources
  • Interpretation of existing electromagnetic geophysical data has identified a series of prospective palaeochannel continuations from the Blackbush deposit for immediate follow up drilling.

The full release detailing this initial desk top study and exploration review can be found here.

Next Steps:

  • An exploration plan and Program for Environmental Protection (PEPR) will be drafted and submitted to the SA Department for Energy and Mining (DEM)
  • Increased community, landowner and indigenous group engagement to ensure an understanding of the work plan proposed, minimise impacts and maximise local benefits 
  • With updated uranium leach and resin extraction information from proposed testwork, undertake further processing flowsheet optimisation and design at a scoping level
  • Through infill drilling, target bringing a significant portion of Blackbush higher grade resource into indicated category
  • Drill testing of extensions to known high grade zones
  • Drilling of identified paleochannel channel extensions for potential resources tonnage increase 
  • Update existing Study to a level required for a new resource estimate

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