Alligator Energy looks ahead to MRE and scoping study for Samphire
Melbourne, Victoria
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July 31, 2023 05:30 PM Eastern Daylight Time
Alligator Energy Ltd (ASX:AGE) CEO Greg Hall tells Proactive that drilling operations at the Samphire Uranium Project continued during the June quarter with a second drill rig arriving onsite in May. Resource infill, resource extension and water sampling test drilling will extend through to the end of September.
A resource estimate update is planned for the project in Q4 this year alongside an update to the scoping study which is targeting an increased production schedule and life of mine. Meanwhile drilling has now started at the Nabarlek North project.
Alligator released its quarterly today, noting: During the quarter the company announced significant progress had been made over the first two years of the strategic relationship formed in May 2021 with Traxys North America LLC (Traxys), the US arm of the global commodities trading group Traxys.
Under the agreement announced on May 10, 2021, Traxys is providing uranium marketing services for future uranium production long-term offtake contracting, will consider potential support in project development financing and is assisting in uranium and energy minerals project acquisition opportunities.
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