Alligator Energy Discovers Uranium at Big Lake Project
Significant Greenfield Discovery
Alligator Energy (ASX:AGE) has announced a major uranium discovery at its Big Lake Project in South Australia, marking the first significant greenfields uranium discovery in Australia in decades.
The discovery was made during the company's inaugural drilling program at the project, which is located in the Cooper Basin. CEO Greg Hall said the find is a major milestone for the company and has the potential to transform the Australian uranium industry.
"This is a truly exciting discovery for Alligator Energy and for the wider uranium industry in Australia," Hall said. "It is the first significant greenfields uranium discovery in Australia in decades, and it has the potential to be a game-changer for the company."
The drilling program at Big Lake is part of Alligator Energy's strategy to develop a portfolio of uranium projects in Australia. The company is targeting uranium deposits that can be mined using in-situ recovery (ISR) methods, which are less environmentally intrusive than traditional mining techniques.
The Big Lake Project is located in a highly prospective uranium province, and Alligator Energy is confident that the discovery will lead to further exploration success. The company is planning to conduct additional drilling at the project to define the extent of the uranium mineralization.
The uranium discovery at Big Lake is a significant boost for the Australian uranium industry, which has been in decline in recent years. The discovery has the potential to revitalize the industry and create new jobs in the region.
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