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July 30, 2020, 9:22 p.m. EDT

Alligator Energy Ltd (asx:AGE) Quarterly Activities Report and 5B Cashflow - June 2020

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Brisbane, Australia, Jul 30, 2020 (ABN Newswire via COMTEX) -- Alligator Energy Limited (asx:AGE) is pleased to release the 30 June 2020 Quarterly Report.

Uranium

- Alligator acquiring 47Mlb U3O8 resource in South Australia from Samphire Uranium (Refer ASX announcement 11 June 2020)

- SA Government Accelerated Development Initiative co-funding awarded for Big Lake Uranium (BLU) project up to $152,400

- Native title access agreement drafts being progressed for BLU

- Exploration strategy and target development underway for the Nabarlek North tenements

- Easing restrictions and tenement access anticipated soon for both NT and SA projects

Energy Minerals

- Piedmont drill permits granted with renewal of Alpe Laghetto licence and Castilo Di Gavala licence confirmed

Corporate

- JMEI Credits totalling $336,958 distributed to eligible shareholders who participated in the 2018-2019 capital raisings

- 30 June cash of $0.9 mill with planned injection of approx $0.7 mill at the conclusion of the Samphire project transaction - late Sept / early Oct

- The SA Govt advised a deferral of exploration tenement fees until 31 December 2020, and a 12-month waiver of expenditure commitments

- The NT Govt has allowed payment plans for ongoing tenements fees and reductions in exploration commitments

Plans for the forthcoming quarter

- Finalise Samphire project acquisition

- Progress and finalise BLU native title agreements

- Develop BLU geophysics plan and contractor engagement

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