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12 stories mentioning ASX:AGEUpdated 2d ago

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Asia

Alligator Energy Intersects Uranium Mineralization South of South Australia Deposit

Alligator Energy (ASX:AGE) said an around 300-hole drilling program intersected uranium mineralization south of the known extent of the Blackbush deposit, part of the Samphire uranium project in South Australia, according to a Tuesday Australian bourse filing.It encountered intercepts of 3.2 meters at 0.12%, or 1,189 parts-per-million (ppm), grade of triuranium octoxide-equivalent from 54.6 meters, as well as 2.4 meters at 0.2%, or 2,025 ppm, grade of triuranium octoxide-equivalent from 61 meters.A recent call option to purchase the Mullaquana Crown Lease provides immediate access to drill the southern extension of Blackbush, Plumbush, and the prospective corridor between the two deposits.It completed 108 delineation drill holes within the existing Blackbush mineral resource area, with infill drilling started at Plumbush.

ASX:AGE
Asia

Alligator Energy Says Field Recovery Trial for South Australia Project Shows In-Situ Recovery Performance

Alligator Energy (ASX:AGE) said its field recovery trial for the Samphire uranium project in South Australia demonstrated uranium leaching, recovery, ion exchange, and elution across two test well field patterns, showing in-situ recovery performance across two materially different geological and hydraulic settings, according to a Tuesday Australian bourse filing.The first pattern is representative of the geological and hydrogeological conditions expected across the areas of the Blackbush deposit targeted for future well field development, underpinning the feasibility study for the Samphire project, the company said. It achieved the in-situ recovery industry benchmark of 70% uranium recovery at around 70 pore volume exchanges, and an average extraction grade of 115 milligrams per liter of triuranium octoxide with a peak flow rate up to 5 liters per second.The second pattern tested the medium/low-grade, low-flow extremities of the deposit where conditions are not representative of the main resource area, showing that recovery was consistent with behavior in the first pattern.Reagent consumption for both well patterns aligned with "highly favorable category" under international benchmarks, per the filing.

ASX:AGE
Wire

Alligator Energy Commences First Exploration Drilling at South Australia Lease; Shares Fall 4%

Alligator Energy (ASX:AGE) commenced a 300-hole drilling program at its Mullaquana Crown Lease, initiating the first exploration activity at the newly secured property, according to a Wednesday Australian bourse filing.The program aims to grow the Samphire Project's 30 million pounds of uranium oxide resource base through drilling at Blackbush extensions, Plumbush resource upgrades, and testing corridor continuity, per the filing.The company said the drilling results are expected to support the next mineral resource update, anticipated in the first quarter of 2027, and increase the mining inventory of the ongoing bankable feasibility study, the filing added.The company's shares fell nearly 4% in recent Wednesday trade.

ASX:AGE
Asia

Alligator Energy CFO to Resign

Alligator Energy (ASX:AGE) said Chief Financial Officer Joe Sutanto has resigned, effective Aug. 31, according to a Thursday Australian bourse filing.Blayney Morgan has been appointed interim CFO with immediate effect, the filing added.Morgan is a director at Rhopa Consulting & Advisory, the filing added.

ASX:AGE
Asia

DevEx Resources Secures Grant Funding to Support Northern Territory Uranium Project

DevEx Resources (ASX:DEV) secured AU$150,000 in grant funding from the Northern Territory government for a new airborne hyperspectral survey across its Nabarlek uranium project, due to start in August, according to a Tuesday filing with the Australian bourse.On-site preparations have started for the upcoming drilling campaign at the project, with the first drill rig expected to arrive in the second week of July, per the filing.The company said its acquisition of Alligator Energy's (ASX:AGE) tenements in the Northern Territory remains on track for completion this month as conditions precedent to the deal were satisfied.

ASX:AGEASX:DEV
Asia

Alligator Energy Confirms Satisfaction of Conditions for Sale of Northern Territory Uranium Assets to DevEx Resources

Alligator Energy (ASX:AGE) confirmed that all conditions precedent under the agreement for the sale of its non-core Northern Territory uranium assets to DevEx Resources (ASX:DEV) were satisfied, with completion of the deal expected to occur by the end of June, according to a Monday Australian bourse filing.The transaction carries a total consideration of AU$7.5 million.

ASX:AGEASX:DEV
Asia

Alligator Energy Aware of Undisclosed Information Explaining Recent Trading of Securities; Shares Down 26%

Alligator Energy (ASX:AGE) confirmed that it had undisclosed information to the market regarding its South Australia project that could explain recent trading in its securities, according to its response to an Australian Securities Exchange price query filed with the Australian bourse on Friday.The query was referring to the change in the price of the company's securities to a high of AU$0.051 on Wednesday from a low of AU$0.041 on Tuesday, the filing said.The company said it had a draft mineral resource estimate for the Samphire project's Plumbush deposit at the time of the recent trading activity.Since the estimate was in draft form, the company deemed that the information was incomplete and insufficiently definite to warrant disclosure, per the filing.Shares fell nearly 26% in midday trade Friday.

ASX:AGE
Asia

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

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.

ASX:AGE
Asia

Alligator Energy Reports Maiden Inferred Resource of 12 Million Pounds at South Australia Uranium Deposit

Alligator Energy (ASX:AGE) reported a maiden inferred mineral resource estimate (MRE) of 12 million pounds of triuranium octoxide at the Plumbush deposit, part of its Samphire uranium project, in South Australia, according to a Friday Australian bourse filing.This will increase the project's total MRE by 67% to 30 million pounds from 18 million pounds. A drilling program with multiple drill rigs is planned for the remainder of the year, in order to both expand the Samphire MRE and convert the inferred resource into the measured and indicated classifications.A bankable feasibility study is currently underway and is expected to be released in mid-2027.

ASX:AGE
Asia

Alligator Energy Resumes Drilling at Big Lake Uranium Project in South Australia, Shares Fall 6%

Alligator Energy (ASX:AGE) resumed a follow-up drill program at the Big Lake uranium project in South Australia, following a hiatus caused by persistent rain after initial discovery in 2024, according to a Thursday Australian bourse filing.The company said the Big Lake project encompasses the northern extensions of the proven uranium-bearing sedimentary system that hosts the Beverley, Four Mile, and Honeymoon in-situ recovery (ISR) uranium operations in South Australia.The company's shares fell 6% in recent Thursday trade.

ASX:AGE
Asia

Alligator Energy Completes First Well Pattern at South Australia Field Trial

Alligator Energy (ASX:AGE) completed the first well pattern at its Samphire uranium project field recovery trial, marking a key step in demonstrating in-situ recovery performance under real field conditions, according to a Tuesday Australian bourse filing.The results met or exceeded the scoping study assumptions, confirming the strong technical viability of uranium recovery from the Samphire paleochannel system, per the filing.Key outcomes included strong permeability and fluid connectivity, around 70% uranium recovery within about 70 pore volumes, wellfield flow rates exceeding 5 liters per second, efficient reagent use within international benchmarks, and solution grades averaging 115 milligrams per liter of triuranium octoxide, the filing said.Groundwater chemistry and salinity had no negative impact, wellfield control remained stable, and ion exchange and elution performed successfully, confirming downstream processing viability.The company will initiate a second well pattern targeting lower-grade, less permeable zones to further assess recovery variability and refine future wellfield design, with results expected in the third quarter, the filing added.The company's shares rose 2% in recent Tuesday trade.

ASX:AGE
Asia

DevEx Resources Defines Exploration Pipeline at Northern Territory Uranium Project; Shares Jump 8%

DevEx Resources (ASX:DEV) defined a pipeline of uranium discovery opportunities across its Nabarlek uranium project in the Northern Territory, with drill-ready targets defined at the Big Radon, KP, Sandfire, and Nabarlek North prospects, according to a Wednesday Australian bourse filing.It incorporated recently acquired tenements from Alligator Energy (ASX:AGE) and Rio Tinto (ASX:RIO), and integrated geophysical, geological, and drilling datasets across its expanded portfolio.Drilling at Nabarlek is scheduled to start in June, comprising an initial campaign of around 15,000 meters across 66 holes, as well as an additional 2,000 meters at Murphy West. The mining firm has secured sufficient diesel supply to support the planned campaign.Its shares rose 8% in recent trading on Wednesday.

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