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Alligator Energy Executes Call Option Agreement to Acquire South Australia Lease Hosting Uranium Deposit

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Alligator Energy (ASX:AGE) executed a call option agreement to acquire the Mullaquana Crown lease, which hosts the Plumbush uranium deposit and covers the southern extension of the Blackbush uranium deposit within the Samphire project in South Australia, from Joyce Pastoral, according to a Friday Australian bourse filing.

The firm will make an initial payment of AU$500,000 for the option to acquire the property on or around July 1. This includes immediate access rights to undertake exploration activities and continue technical and commercial assessment for 18 months from this initial payment.

The firm can exercise the option at any time during or at the end of the period via a payment of AU$6.8 million.

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