Highlights
Project Update – Field Recovery Trial (FRT)
Alligator’s Managing Director and CEO, Greg Hall stated: “Alligator is planning near-continuous Blackbush deposit resource extension drilling through this year, with a target to increase the resource and hence the potential annual production rate in a future feasibility study. We have worked closely with the local pastoralist to ensure that our operations do not impact their important lambing season. Drilling and logging results will feed into a further update to the Blackbush resource estimate at year end.”
Commencement of Second Round Drilling
Drilling has re-commenced at the Samphire Uranium Project following a short break due to the lambing season. Drilling will initially focus on investigating encouraging results intersected in the first round of drilling within the Blackbush Extensions 1 and Blackbush Extension 2 areas (Figure 1). Encouraging results included:
Blackbush Extensions 1 Target Area
BBRM24-235 4.44 meters at 0.43% (4,370ppm) pU3O8 from 61.38m (GT 19,403)
BBRM24-222 1.47 meters at 0.40% (3,992ppm) pU3O82 from 60.68m (GT 5,868)
Blackbush Extension 2 Target Area
BBRM24-217 3.07 meters at 0.05% (493ppm) pU3O8 from 58.47m (GT 1,514)
BBRM24-220 1.32 meters at 0.10% (978ppm) pU3O8 from 56.10m (GT 1,291)
The First Round Drilling confirmed the presence of roll fronts and redox fronts extending out from the known Blackbush mineralisation. This will form the basis of a focused exploration approach to extend the existing mineralisation envelope and identify the broader existence uranium mineralisation. Drilling will also be carried out in the Blackbush north and Northeastern palaeochannel areas (Figure 1) to investigate anomalous historical gamma intercepts, and to confirm the presence of prospective palaeochannels interpreted from ground gravity data.
An increase to the drilling rate (up to the capacity of the down hole logging equipment) in the second half of 2024 is being evaluated to increase the drilling coverage given the vast area of interpreted palaeochannels that exist in the Samphire Project area. This would then lead into the drilling of the required production wells following the approval of a Retention Lease and operating plan (PEPR) for the Field Recovery Trial.
It is anticipated that drilling over the next 6 months will then lead into an update of the Blackbush Mineral Resource Estimate in Q4, 2024.
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