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Oct. 7, 2020, 7:19 p.m. EDT

Alligator Energy Ltd (asx:AGE) Completes Samphire Project Acquisition

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b) Review the flow sheets, logistics, approvals and initial cost estimates at a high level for both ISR and open pit potential for three scenarios, including:

i. Full process plant taking uranium through to final drummed product, marketing and exporting

ii. Process plant through to concentrated uranium solution - and sale (or toll treatment) and transport of intermediate product to others

iii. Process plant through to loaded resin, and sale (or toll treatment) and transport of intermediate product to others

Alligator believes there is exploration potential to improve the known resource, including possible zones of higher grade mineralization around the Blackbush deposit. Critical to exploring for these higher grade zones is to thoroughly understand the existing mineralisation controls and interaction between fertile basement feeder structures and the overlying sediment sequence. A substantial amount of geophysical data exists over the tenement, and this will be re-evaluated and reprocessed to assist with understanding these processes, and assist with the planning for both resource upgrade, and further distal exploration opportunities.

An interesting aspect and opportunity of the Samphire project is the potential for isolated resources to be mined by either ISR or open pit methods, and an intermediate concentrated uranium solution to be either sold or toll treated at one of the existing uranium plants within South Australia. This "hub and spoke" type uranium mining field system has been commonly used at ISR regions in Wyoming, Texas and Kazakhstan, and is an efficient way to develop small, isolated uranium deposits. Existing technology for the transport of chemicals (including uranium solutions) in triple skin safety containers is already established but would require investigation of costs and approval processes. It has already been used in South Australia within an existing uranium site, and for the transportation of uranium solutions for testing and analysis.

This system has the potential to save substantial back end capital costs for a future project and could bring the project faster to market and cashflow. This will be investigated along with a potential full processing plant through to drummed uranium oxide.

Upon completion of the above initial work Alligator will be in a position to plan, obtain approval and undertake initial on-ground exploration, along with additional sampling work for any updated processing testwork that may be required. We will make further announcements of these results and outcomes in the coming weeks and months.

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About Alligator Energy Ltd:

Alligator Energy Ltd (asx:AGE) is an Australian, ASX-listed, exploration company focused on uranium and energy related minerals, principally cobalt-nickel.

Alligator's Directors have significant experience in the exploration, development and operations of both uranium and nickel projects (both laterites and sulphides).

        Contact:Mr Greg Hall
        Executive Director and CEO
        Alligator Energy Ltd
        Email: gh@alligatorenergy.com.au
        Mr Mike Meintjes
        Company Secretary
        Alligator Energy Ltd
        Email: mm@alligatorenergy.com.au


Alligator Energy Ltd


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