New Risk • Jun 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Revenue is less than US$1m (AU$1.1m revenue, or US$784k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$6.4m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Breakeven Date Change • Feb 10
No longer forecast to breakeven The analyst covering Alligator Energy no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$6.00m in 2027. New forecast suggests the company will make a loss of AU$3.80m in 2027. Board Change • Dec 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Fiona Nicholls was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.1m revenue, or US$740k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$102.1m market cap, or US$68.0m). Announcement • Sep 23
Alligator Energy Limited, Annual General Meeting, Nov 21, 2025 Alligator Energy Limited, Annual General Meeting, Nov 21, 2025. Recent Insider Transactions • Sep 03
Non-Executive Director recently bought AU$53k worth of stock On the 1st of September, Peter McIntyre bought around 2m shares on-market at roughly AU$0.024 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$84k more in shares than they have sold in the last 12 months. Announcement • Jun 23
Alligator Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 17.25 million. Alligator Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 17.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 556,451,620
Price\Range: AUD 0.031
Discount Per Security: AUD 0.00186
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Jun 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (AU$1.1m revenue, or US$711k). Minor Risk Market cap is less than US$100m (AU$120.1m market cap, or US$76.6m). Announcement • Jun 23
Alligator Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 17.25 million. Alligator Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 17.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 556,451,620
Price\Range: AUD 0.031
Discount Per Security: AUD 0.00186
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Apr 08
Alligator Energy Limited Announces Follow-Up Drill Program At the Big Lake Uranium Project in the Lake Eyre Basin, South Australia Alligator Energy Limited advised that its follow-up drill program at the Big Lake Uranium Project (Big Lake) in the Lake Eyre Basin, South Australia has been curtailed due to the imminent arrival of flood waters from the significant rain event in Western Queensland. In late February 2025 the Company initiated a rotary mud drilling program at the Big Lake Project targeting both the Namba and Eyre formations. After initial equipment commissioning issues, two drill holes were completed. In the past two weeks the Company has been monitoring the implications of the recent significant rain event in Western Queensland for its impact on the channel country flowing across exploration licences down to Lake Eyre. Flood alerts have now been issued for both the Cooper and Strzelecki Creek with local graziers and oil and gas companies commencing flood mitigation procedures. Many of Alligator's planned drilling areas will be impacted, including mobile camp site, and road access to Moomba and surrounds is anticipated to be totally cut off. As of Monday, the Cooper Creek had risen enough such that water was flowing into the Strzelecki Creek. After considering the potential for a significant period of disruption and the safety of personnel and equipment, the Company decided to commence demobilisation procedures and has issued a force majeure notice to its drilling contractor. Drilling and camp areas have now been made safe and all equipment removed. One drill hole has been fully rehabilitated, and one capped and sealed for future re-access. The drilling company has de-mobilised, as have Alligator personnel and vehicles. It is unknown how long the area may be inaccessible, but flood levels and duration are anticipated to be similar to other large flood events, e.g. the 1974 flood. initial holes encountered similar oxidised sands to last years drilling, and one hole was successfully gamma probed with results pending due to the de-mobilisation. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.1m revenue, or US$673k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$89.1m market cap, or US$53.8m). Breakeven Date Change • Jan 17
Forecast to breakeven in 2027 The analyst covering Alligator Energy expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$4.00m in 2027. Average annual earnings growth of 120% is required to achieve expected profit on schedule. New Risk • Nov 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$151.1m (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.1m revenue, or US$719k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.0m net loss in 2 years). Market cap is less than US$100m (AU$151.1m market cap, or US$97.4m). Announcement • Sep 27
Alligator Energy Limited, Annual General Meeting, Nov 22, 2024 Alligator Energy Limited, Annual General Meeting, Nov 22, 2024. Location: at the company`s office, Australia New Risk • Sep 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$602k revenue, or US$411k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (AU$504k net loss in 2 years). Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$135.4m (US$87.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$602k revenue, or US$388k). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$135.4m market cap, or US$87.4m). Recent Insider Transactions • Jan 19
CEO, MD & Executive Director recently sold AU$120k worth of stock On the 16th of January, Gregory Hall sold around 2m shares on-market at roughly AU$0.08 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Recent Insider Transactions • Oct 05
Director recently bought AU$54k worth of stock On the 27th of September, Fiona Nicholls bought around 1m shares on-market at roughly AU$0.054 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Sep 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$602k revenue, or US$387k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.0m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Sep 22
Alligator Energy Limited, Annual General Meeting, Nov 24, 2023 Alligator Energy Limited, Annual General Meeting, Nov 24, 2023, at 10:00 AUS Central Standard Time. Announcement • Aug 03
Alligator Energy Limited Appoints Callum Mcintyre as an Alternate Director Alligator Energy Limited advised the appointment of Mr. Callum McIntyre as an alternate director for Mr. Peter McIntyre. Callum has extensive experience in the finance and technology industries, both in Australia and overseas. Previously based in London with international finance group Thomson Reuters, he started his career in Product Management focusing on technology development. He relocated back to Australia in 2019. Callum's broader skill set includes operational strategy and optimisation as well as corporate strategy and digital marketing. Callum is currently the Director Business and Investment Labonne Enterprises, a private investment company. He is also a Director of ReCircle, a private Company researching the recovery and reuse of soft plastics. Callum holds a Bachelor of Science from the University of Western Australia majoring in Applied Mathematics and Mathematical Statistics. He completed a Graduate Diploma of Applied Finance majoring in Corporate Finance. He is a certified Product Manager. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$30k revenue, or US$20k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$142.1m market cap, or US$96.2m). Announcement • Nov 23
Alligator Energy Limited Announces Completion of Additional Resource Drilling At the Blackbush Deposit (Blackbush), Samphire Uranium Project South of Whyalla, South Australia Alligator Energy Limited advised that additional resource drilling flagged in 13 October 2022 ASX release has been completed at the Blackbush Deposit (Blackbush), Samphire Uranium Project south of Whyalla, South Australia. Highlights are: Drilling in the western channel extension of Blackbush West has found some of the high uranium grades recorded to date at Samphire, with multiple interpreted roll fronts extending some 200 metres from the existing Indicated resource boundary. Key intersections of grade1 and grade thicknesses2 include: 1.04 metres at 2.02% (20,200ppm) pU3O8 from 70.4 metres (GT 21,010); Including 0.5 metres @ 3.54% pU3O8 from 70.6 metres (GT 17,700); 2.12 metres at 0.64% (6,400ppm) pU3O8 from 60.0 metres (GT 13,570); 1.94 metres at 0.85% (8,500ppm) pU3O8 from 59.8 metres (GT 16,490); 1.72 metres at 0.89% (8,900ppm) pU3O8 from 59.2 metres (GT 16,490); and 1.42 metres at 0.71% (7,145ppm) pU3O8 from 66.4 metres (GT 10,150). Rotary mud drilling targeting additional conversion of Inferred Mineral Resource to Indicated category within the Blackbush Minerals Resource Estimate has been completed for this year. Alligator has been maintaining and updating its internal database and models with Prompt Fission Neutron (PFN) pU3O8 results while drilling was occurring, and these are now with AMC Consultants, who have been re-engaged to undertake a further update of the Blackbush mineral resource estimate before end of fourth quarter of 2022. A targeted increase in Indicated category will allow the Scoping Study (targeted for completion late fourth quarter) to utilise a higher category of resource for the majority of the proposed ISR mining schedule. Drilling was predominantly targeted around the existing Blackbush West Indicated resource area and has increased and enhanced the mineralisation continuity already seen. Thirty-five (35) holes have been completed testing the target sequence. Due to around 10 drilling days being lost with rain, and a need to drill and install future required groundwater monitoring wells for the rest of this year, further resource and extensional drilling will continue in early 2023. The drilling and logging service providers are already locked in to commence early February 2023. Alligator has received draft results from the ANSTO uranium leach and recovery test work and is reviewing and clarifying outstanding questions prior to report finalisation and release later this quarter. These results have been very consistent with expectations. Blackbush Additional Resource Drilling: Commensurate with the release of the Blackbush Deposit initial combined Indicated and Inferred Mineral Resource Estimate (MRE) targeting In-Situ Recovery (ISR)3, AGE was already planning a follow-up drilling program at Blackbush, which commenced on 6 October 2022 and concluded on 21 November 2022. Thirty-five (35) rotary mud drillholes were completed testing the target Kanaka sands within the Inferred MRE boundary. Eight (8) additional holes were abandoned due to lost circulation in the overlying Melton limestone/sand during drilling. Unfortunately, rain delays caused around 10 days drilling to be lost during the program. Drillholes were successfully logged with Prompt Fission Neutron (PFN) and natural gamma for uranium grade, and 3-arm caliper, resistivity, neutron porosity, density for downhole lithology. The latter part of the drilling program focussed on the western channel extension of Blackbush West which found multiple high-grade continuous roll fronts extending some 200m from the existing Indicated resource boundary. Some holes were successfully targeted to hit the nose of these roll-fronts, which has increased the mineralisation continuity already seen within this area, in addition to increasing its predictability. Ongoing calibration of the historical regional ground gravity data is occurring commensurate with acquisition of all new drilling data to refine the positions within the Samphire palaeochannel that hosts the mineralisation. The western area of Blackbush West now shows the presence of channel- like feature extending over 500m to the west of the high-grade roll-fronts identified in the recent program. Only 7 historical holes exist in this area with only a few drilled within the channel feature itself. This area is a high-priority target for follow-up drilling in February next year in addition to other roll front trends not adequately tested by historical drilling north of Blackbush West where historical drill spacing remains at 100m by 100m centres or is non-existent. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CEO, MD & Executive Director Greg Hall was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
Alligator Energy Limited Announces Initial Drilling Program at Nabarlek North Project in the Alligator Rivers Uranium Province Alligator Energy Limited advised that its inaugural drilling program at its Nabarlek North Project in the Alligator Rivers Uranium Province (ARUP) has been successfully completed for the 2022 field season. Key Highlights: Alligator's regional auger and rotary air blast (RAB) drilling program has been successfully completed for this season with demobilisation underway. The work program covered a substantial portion of the southern section of the Nabarlek North Project area. Key aims of the program are to quantify the depth of surficial weathering and sample the underlying basement geology. Over 1,000 samples have been collected to identify the geology and any uranium (+/- base metal, REE) geochemical anomalies. All samples are now in transit to laboratory for analysis.AGE's next steps for this Project will include collating and analysing the 2022 geochemistrydata and evaluating this against recently acquired Falcon airborne gravity data forsuitable structural and geological settings. Follow-up induced polarisation (IP) geophysics isthen planned for Second Quarter 2023 to complete the targeting exercise. Post obtaining all relevant approvals for the 2023 field season a deeper reverse circulation (RC) or diamond drilling work program will be initiated for any newly identified targets including potential extensions of the high grade U40 Prospect located on Nabarlek North's southern tenement boundary. Existing approvals remain in place for the early commencement of additional auger and RAB drilling as well as the IP geophysics. Announcement • Oct 13
Alligator Energy Limited Recommences Drilling Schedule at the Blackbush Deposit, Samphire Uranium Project South of Whyalla, South Australia Alligator Energy Limited announced that drilling has recommenced on schedule at the Blackbush Deposit (Blackbush), Samphire Uranium Project south of Whyalla, South Australia, following completion of a high-resolution ground gravity survey and a trial 3D Ambient Noise Tomography (ANT) survey. Rotary Mud Drilling: Commensurate with the release of the Blackbush Deposit initial combined Indicated and Inferred Mineral Resource estimate (MRE) targeting In-Situ Recovery (ISR), AGE was already planning a follow-up drilling program at Blackbush. AGE reported this program commenced on time on 6 October 2022. The program comprises up to 100 infill and extensional rotary mud drillholes to completethe following objectives: target further conversion of the Blackbush Mineral Resource from Inferred to an Indicated JORC category, follow-up extensions of the known high-grade zones where mineralisation is not closed off, and test areas where historical data outside the MRE area flags potential for additional accumulations of uranium mineralisation. A higher proportion of holes have been prioritised to the first two objectives such that the MRE canbe updated to support ASX life of mine schedule requirements for the Blackbush Scoping Study,targeting end of fourth quarter of 2022 for completion. The resource update is expected to require only a short turnaround due to recent familiarity within then AGE team and external resource consultant of Blackbush resource model, all drilling being rotary mud and drillers have operated at Samphire previously with approximately two holes per day currently being drilled, and increased technical experience in Alligator's Samphire technical team. As previous drilling enabled an accurate correlation between assay, PFN and gamma derived uranium grades, PFN grade measurement will be used as the principal uranium grade determination method for this program. This will allow new downhole grade data to be readily inserted into the resource model allowing for in-field adjustment of the drilling for best results. AMC consultants (Perth) have been re-engaged to update the MRE once there is sufficient data to enable Inferred to Indicated conversion in the resource model. The remaining holes will test new areas for uranium accumulation proximal to Blackbush and may be deferred to first quarter of 2023 dependingon proximity to end of November when rehabilitation is planned to commence. A drilling contractor has been secured for the full program this year and into early 2023. Announcement • Oct 11
Alligator Energy Limited Announces its First Drilling Program Since Being Granted Exploration Licence for Nabarlek North Project in Alligator Rivers Uranium Province is Now Underway Alligator Energy Limited announced that its first drilling program since being granted an exploration licence for the Nabarlek North Project in the Alligator Rivers Uranium Province (ARUP) is now underway. Objectives of the 2022 drill program: The primary objectives of the 2022 auger and RAB drill program at Nabarlek North will be to: Using shallow auger and geochemistry augmenting historical information, identify underlying geology; Use RAB drilling where deeper weathering exists for geochemistry and geology; Analyse and evaluate the Falcon airborne gravity for suitable structures and other settings; Combine these with planned IP geophysics results next year; Using the above, target suitable sites for deeper diamond drilling initially to confirm stratigraphy and relationship of geology top basement rocks; and target also known areas of interest, eg the proximal high grade U40 prospect. Announcement • Oct 07
Alligator Energy Limited, Annual General Meeting, Nov 25, 2022 Alligator Energy Limited, Annual General Meeting, Nov 25, 2022, at 09:00 AUS Central Standard Time. Location: Alligator Energy Limited Adelaide Australia Announcement • Sep 29
Alligator Energy Limited Commences Five-Grid Time Domain Electromagnetic (EM) Survey At the Piedmont Nickel (Sulphide) - Cobalt Project Alligator Energy Limited advised that its geophysics contractor, Initial Exploration Services, has commenced a five-grid time domain electromagnetic (EM) survey at the Piedmont nickel (sulphide) - cobalt Project. The primary objective of the EM program is to determine the presence of conductors proximal to historic mines and extensive known surface mineralisation occurrences in the Alpe Laghetto area of Alligator's exploration holdings in northern Italy. (Figure 1). The program will also enhance the geological understanding of the Piedmont Project through the collection and presentation of high- quality data allowing targeted follow up drill testing if warranted. Alligator has had previous interest from several potential strategic partners for investment into the Project, two of which are still engaged. The Company also has previously approved drilling permits for the Alpe Laghetto area which will enable follow up drilling on identified targets if warranted. The Piedmont nickel-cobalt-copper deposits were historically mined from the late 1800's to the early 1940's however there has been minimal modern exploration. In 2018, Alligator undertook confirmatory sampling and ground truthing in the Piedmont Project area which supported the presence of abundant nickel and cobalt mineralisation within and along the strike of existing historical workings. Sample grades up to 2.5% Ni and 0.17% Co were reported by Alligator to the market. Seventeen (17) separate locations with sample results of >0.5% Ni and associated Co and Cu were identified by field sampling and mapping.1,2 The EM survey is designed to test five areas within the Alpe Laghetto exploration licence. Figure 2 shows the planed EM survey grids and the historic mines in the area. Four of the survey grids are targeting extensions along strike and at depth of the historic nickel mineralisation at La Balma, Laghetto, Laghetto South and Cevia. A smaller grid (EM1) is testing a VTEM anomaly identified in a historic heliborne survey. The surveys are also intended to test for larger conductive bodies at depth that may be the source for the historically mined sulphide mineralisation. Announcement • Sep 10
Alligator Energy Commences High- Resolution Ground Gravity Survey Across the Blackbush Deposit Alligator Energy announced that its high- resolution ground gravity survey across the Blackbush Deposit has commenced. The objective of this survey is to accurately characterise the palaeochannel hosting the Blackbush uranium mineralisation and optimise parameters for a regional gravity survey between the Blackbush and Plumbush Deposits. Separately, planning for mobilisation of the infill and extension drilling program of approximately 100 holes at the Blackbush Deposit is now underway and on track for commencement in the first weekof October 2022. A high-resolution ground gravity survey has commenced over the entire Blackbush Deposit. Daishsat Geodetic Surveyors is conducting the survey on Alligator's behalf, specifically lifting the resolution of the gravity data over the deposit as the resolution of the historical geophysics is insufficient to delineate, to a high-resolution, the palaeochannel which hosts the uranium mineralisation. Results from this survey will inform the design of AGE's next drilling program commencing in the first week of October 2022 and will inform the parameters used in planning the next round of ground gravity capture between Blackbush and Plumbush Deposits; the backbone of AGE's 2023 regional exploration targeting uranium mineralisation outside of the known deposits. Alligator continues to investigate innovative geoscience techniques to improve the effectiveness of its exploration efforts. In this regard Fleet Space Technologies have recently completed an Ambient Noise Tomography trial at Blackbush to test the effectiveness of using this method to not only map the Samphire palaeochannel but also its internal stratigraphy. It is hypothesised that this technique will facilitate rapid drill targeting during future exploration programs. The Samphire palaeochannel which hosts the Blackbush, and Plumbush Deposits are incised into the Hiltaba Suite Samphire Granite. The density contrast between the granite and the overlying palaeochannel sediments can be clearly seen in the historical regional ground gravity data. Recent drilling by AGE, in addition to re-logging the geology of historical drillholes, within the Blackbush Deposit has identified that the palaeochannel outline defined by drill data is not a one-to- one match when comparing the palaeochannel defined by historical regional gravity. This is a function of the resolution of the historical survey. Alligators' high resolution gravity survey now underway will lift the resolution of the gravity data from 100m-by-100m to 50m-by-50m station spacing. Whilst the correlation between the palaeochannel mapped by historical gravity versus drill data is good, improvement in the definition of the exact morphology of the palaeochannel will be important for: Pinpointing drill hole locations for AGE's next drilling program commencing in early October aimed at converting more resource from Inferred to an Indicated category, follow-up extensions of the known high-grade zones where mineralisation is not closed off and test areas where historical data flag potential for additional accumulations of uranium mineralisation and Inform the parameters in planning the next round of ground gravity capture between Blackbush and Plumbush deposits; the backbone of AGE's 2023 regional exploration targeting uranium mineralisation outside of the known deposits. Alligator monitors innovative technology developments or applications that can improve the effectiveness or efficiency of its exploration efforts. In this regard the Company recently commissioned Fleet Space Technologies to undertake a Ambient Noise Tomography trial at Blackbush to test the effectiveness of using this technique to not only map the Samphire palaeochannel but also to map its internal stratigraphy. If successful, this technology should augment AGE's regional drilling program in 2023 as ANT data acquisition can be undertaken facilitating rapid drill targeting. Comparison between results from the high-resolution ground gravity and ANT will be undertaken once AGE's gravity survey is complete. Announcement • Sep 01
Alligator Energy Announces Its Initial Combined Indicated and Inferred Mineral Resource Estimate (MRE) targeting In-Situ Recovery (ISR) for the Blackbush Deposit Alligator Energy announced its initial combined Indicated and Inferred Mineral Resource estimate (MRE) targeting In-Situ Recovery (ISR) for the Blackbush Deposit. The MRE was prepared by AMC Consultants (Perth) using historical UraniumSA Ltd. (UraniumSA) drilling data, along with recent data acquired in AGE rotary-mud and sonic drilling campaigns. Historical data was reviewed for quality control purposes by AGE prior to AMC using these data in the MRE. Uranium grades were determined by a combination of chemical assay, downhole prompt fission neutron (PFN) and downhole gamma geophysical sonde measurements. The MRE has been reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and reports only that portion which has been assessed by AGE as amenable to ISR within the Kanaka Beds of the Samphire Palaeochannel. Comparison of the uranium metal content estimated at various cut-off grades in the MRE with UraniumSA's 2013 MRE3 for Blackbush within the ISR amenable Kanaka Beds identifies a favourable 25% increase in metal content achieved by Alligator due to: Application of a higher cut-off grade (250ppm U3O8) for the MRE and additional drilling by AGE (50 holes). Changes in the interpretation of the geology and uranium mineralisation. Improved understanding of the disequilibrium4 within the deposit by additional drilling and modelling. Eliminating uranium mineralisation and host lithologies from the MRE that at this stage, do not have reasonable prospects for eventual economic extraction or are considered not suitable for ISR Comparison to Previous Estimates The focus of this MRE was to estimate the Mineral Resource only in ISR amenable lithologies i.e., the Kanaka Beds, and to lift the cut-off grade to allow focus on a potential ISR resource. Relative changes in tonnage, grade, and metal between AGE's MRE and the UraniumSA's 2013 MRE 5 relate to: 1. AGE's infill drilling rotary-mud and sonic core drilling programs undertaken Fourth Quarter 2021/Q1 2022 used both gamma and PFN downhole tools. The latter increased the confidence to those areas where uranium grade was solely defined by gamma. Sonic core holes provided uranium assay for further data verification. This successfully increased the confidence level of the historical data, such that 6Mlbs is now classified as an Indicated Mineral Resource at 250ppm cut-. 2. A change to the model approaches for interpretations, block sizes, estimation method and use of dynamic anisotropy for the estimation. 3. Disequilibrium modelling for gamma data based on AGE PFN data which precipitated some detailed changes (both positive and negative), dependent on lateral location and stratigraphic positions within the palaeochannel. 4. A general change in classification to drilled areas due to improved data, interpretations, and the model improved classification of some previously Inferred material to Indicated category. Resource Growth Potential; Forthcoming Drilling Program Focus; Drilling of 50 holes by AGE has successfully increased the confidence level of a significant portion of the JORC Mineral Resource at Blackbush. Drilling of a further 100 infill and extensional holes commencing in early October 2022 will focus on the following: 1) Further conversion of the Mineral Resource from Inferred to Indicated categories, using a 250ppm cut-off, thus giving the potential to increase the grade and the amount of Indicated Mineral Resource within the deposit. 2) Follow-up of extensions of the known high-grade zones in the MRE where mineralisation is not closed off. 3) Testing areas where historical data outside the MRE flags potential for additional accumulations of uranium mineralisation. Announcement • Aug 08
Alligator Energy Announces Commencement of First Exploration Work At Nabarlek North Project Alligator Energy advised that its airborne gravity work over the Nabarlek North Project in the Alligator Rivers Uranium Province (ARUP) has commenced, and the Mining Management Plan (MMP) for the auger and RAB drilling program that is planned to follow has also been approved. Highlights · The previously advised Falcon Plus airborne gravity survey (June 2022 Quarterly) over a large portion of the Nabarlek North package of tenements in Arnhem Land has commenced (refer Figure 1). Xcalibur will be conducting the survey on Alligator's behalf over a selected zone of the Project, targeting key structural and geological controls. · The Northern Territory Department of Industry, Tourism and Trade (DITT) has advised approval of Alligator's proposed auger and RAB drilling programs within the Nabarlek North Project area. The information gained from this work, combined with the airborne gravity results, will inform the targeting of a deeper RC drill testing program. · The Nabarlek North work program was previously approved by Traditional Owners at a Northern Land Council-facilitated work program meeting which paved the way for execution of the airborne gravity survey and regional auger and RAB follow-up drilling. The Nabarlek North Project represents a highly prospective under-explored region within the Alligator Rivers Uranium Province, typified by excellent accessibility with very limited high profile sandstone cover. Sufficient shallow sandstone sub-crop and sedimentary cover still exists across the project area to mask radiometric responses of any mineralisation in the region, making it an excellent exploration target. The Project is located less than 7km north of the historic Nabarlek uranium mine which produced 24Mlb of U3O8 at an average grade of 1.84%. The U40 Prospect, located just outside of AGE's southern tenement boundary, has historically reported grades of up to 6.3m @ 7.23% U3O8 demonstrating high-grade occurrences proximal to the Nabarlek North Project. AGE will be exploring the possibility of extensions of these mineralised systems into the Nabarlek North tenement package. Recent Insider Transactions • Aug 05
Independent Non-Executive Director recently sold AU$229k worth of stock On the 3rd of August, Andrew Vigar sold around 4m shares on-market at roughly AU$0.057 per share. In the last 3 months, there was an even bigger sale from another insider worth AU$493k. Insiders have been net sellers, collectively disposing of AU$1.3m more than they bought in the last 12 months. Announcement • Jul 06
Alligator Announces Further Assay Results of Samphire Project Alligator Energy Limited receipt of final remaining assays from its sonic core drilling program, new tenement applications surrounding the Samphire Project and commencement of the Blackbush resource re-estimation and Scoping Study. Assays from the 6 remaining holes from the Phase 1 sonic core drill program have been received further validating the consistency of the uranium grades previously reported from the Blackbush West deposit. The best Grade Thickness (GT2) result was 4.33m @ 0.289% (2,892ppm) U3O8 for a GT of 12,522 in sonic hole BBS21- 010. Most assay intersections continue to be above company's initial estimated GT cut-off of 2,000. Alligator has applied for two additional exploration licenses surrounding the current Samphire Project tenure based upon anticipated and potential extensions to the interpreted paleochannels. AGE's strategic land holding for the Samphire Project will extend from 370.7 km2 to 551.8 km2 once granted. AMC Consultants (Perth) commenced resource re-estimation of the Blackbush Deposit based on the additional infill drilling results. This has the objective of confirming a JORC- compliant indicated portion of the previous global 32mlb inferred resource, targeting areas amenable to In-Situ Recovery (ISR). ANSTO testwork on representative core is now well underway with promising results so far. Wallbridge Gilbert Aztec (Adelaide) have commenced a Scoping Study now that the resource estimation and the ANSTO leach/ion exchange recovery test work is underway. Timing of completion is towards the end of Third Quarter due to delays in initiating the above. All assay results from the sonic core drilling program have now been received from the 6 remaining holes (BBS21-006, 009, 010, 011, 012 & 013) drilled during fourth quarter '2021- first quarter '2022 at Blackbush West Samphire Uranium Project, 20kms south of Whyalla in SA. Assays continue to validate the presence of high-grade uranium in anticipated intervals within unconsolidated basal sands of the Tertiary Kanaka Beds ~55 to 80 m below surface in the Samphire palaeochannel system, consistent with AGE's initial estimated GT cut-off of 2,000. Receipt of these results have been added to the data provided for the resource re-estimation by AMC Consultants (Perth) to assess what portion of the 32Mlb global inferred resource in the ISR amenable portion of the Blackbush deposit can be upgraded to an indicated category. Announcement • May 23
Alligator Energy Limited Announces Big Lake Uranium Project - Expanded Footprint Alligator Energy announced that it has secured a substantially expanded tenement footprint at its 100%-owned Big Lake Uranium Project, via the application for 11 new tenements, now covering 10,802 km2. This decision is based upon both the recent success in reprocessing publicly available seismic data1 and the recognition of emerging mineral exploration opportunities related to the deeper "granite wash" geology of the underlying Cooper Basin. Alligator believes that this buried radiogenic granite wash provides a source for uranium to naturally leach into the groundwater which then propagates upwards into overlying near-surface sediments that Alligator will be exploring for ISR-type uranium deposits. Alligator Energy has applied for 11 new mineral exploration licences in the Cooper Basin region of South Australia to augment its existing EL6367 title. These applications substantially expand the footprint of the Project to cover a large proportion of the newly recognised "granite wash play". Alligator's Big Lake Project area now encompasses 10,802 km2 (increased from 818 km2) and positions the Company well as a first mover into this frontier uranium province. The original BLU Project concept focussed on the margins of deep-seated dome structures associated with known oil and gas reservoirs within the Cooper Basin of South Australia. REDOX-controlled "roll front" uranium mineralisation is being targeted by Alligator within younger (overlying) sedimentary sand units, primarily of the Eyre and Namba formations. These formations host the Beverley, Four Mile and Honeymoon uranium deposits further to the south. The potential uranium source for the BLU Project is interpreted to be from weathering/leaching of the uranium enriched Big Lake Granite Suite. The Big Lake Granite Suite was recognised initially from regional heat flow maps of Australia and elevated geothermal gradients in the Cooper Basin petroleum wells. Recent Insider Transactions • May 18
Non-Executive Director recently sold AU$493k worth of stock On the 12th of May, Peter McIntyre sold around 8m shares on-market at roughly AU$0.064 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.1m more than they bought in the last 12 months. Announcement • May 10
Alligator Energy Limited Announces Samphire Project Update Including Further Assay Results Alligator Energy announced receipt of further assay results from its sonic core drilling along with preliminary geological interpretation of the western portion of the Blackbush Deposit (Blackbush West). In addition, analysis of recently acquired geophysical data, in conjunction with the re-examination of historical data, has highlighted several opportunities for resource extensions at the Blackbush Deposit. Sonic Core Assay Results: Assays were received from a further 4 sonic core holes (BBS21-005, BBS21-007, BBS21-008 and BBS21-014) drilled during fourth quarter 2021 to first quarter 2022 in the western portion of the Blackbush Deposit (Blackbush West), Samphire Uranium Project, 20kms south of Whyalla in SA. Assay results from 9 out of 14 core holes have been received and reported to date. These assay results continue to confirm the robustness of uranium grades obtained from the downhole PFN tool in AGE's recent sonic and rotary-mud drilling campaigns. They also correlate well with the PFN (pU3O8) and gamma-derived uranium grade data (eU3O8) from historical drilling. This has been key to demonstrate before commencing a resource re-estimation to assess what portion of the current inferred resource can be upgraded into an indicated category, which will be undertaken from mid-May to mid-June 2022 by AMC Consultants (Perth). Interpretation of Drilling Results - Blackbush West: Modelling of uranium mineralisation (above 250ppm cut-off) within the basal sands of the Kanaka Beds has been undertaken using the combination of historical data and AGE's recent sonic core/rotary-mud drilling data at Blackbush West. Mineralisation occurs within 2-3 stacked levels (between 55m 85 m below surface) and is laterally coherent along and across the Samphire palaeochanne. Thicknesses of mineralisation vary between 1 and 10m. A number of open positions that were not adequately tested by previous drilling are present, indicating potential for extensions of the known mineralisation. Historical drilling previously identified uranium mineralisation at Blackbush East where the channel wraps around a basement high. The company's modelling shows uranium grades above 250ppm occurring in the same horizon as Blackbush West. The open positions at Blackbush East, in addition to investigating the connection between Blackbush West and East area will be the focus of follow-up drilling planned for Fourth Quarter 2022 pending completion of a cultural heritage survey. Regional Exploration: The company have commenced a re-examination of historical regional geophysics, in conjunction with more recent ground magnetics and trial passive seismic work over the Samphire Project. The goal is to select the best geophysical method for mapping the Samphire channel beyond its known limits defined by drilling. The Samphire palaeochannel is incised into the Hiltaba Suite Samphire Granite and the density contrast between the granite and the overlying palaeochannel sediments is clearly detected by historical regional ground gravity data. Although the historical gravity data was collected at wide- spacing (100m x 200m), there is excellent correlation with channel features detected by gravity and the Samphire palaeochannel which is well mapped by drilling. Samphire Project: Pre-development work: Australian Nuclear Science and Technology Organisation (ANSTO) has commenced uranium leach and ion exchange (IX) extraction test work on the ISR-amenable uranium mineralisation from Blackbush West. This work will broadly estimate expected extraction recovery and resin loading rates. This work, in conjunction with a re-estimated JORC-compliant resource, will form the basis for a Scoping Study the company expects to be completed by end of Third Quarter 2022. Engagement with the State Government has commenced to map the approval pathway for a Retention Lease application and operational Program for Environment Protection and Rehabilitation (PEPR) for a Field Leach Trial (FLT) at Blackbush East. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CEO, MD & Executive Director Greg Hall was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Alligator Energy Limited Provides Status of Planning for the Geophysics Program At the Piedmont Project Alligator Energy Limited provided Status of planning for the geophysics program at the Piedmont Project. A field trip by Alligator's in-country team to map and sample recently accessible lower altitude sites at the Isola prospect and undertake further reconnaissance for proposed geophysics is scheduled to commence from the 8 April 2022. In addition to sampling at the Isola prospect, the team will investigate the Cruvino prospect for the first time, where historic records have indicated high-grade, dyke-associated cobalt occurrences. Contractors are currently being engaged to undertake ground-based EM geophysics at Alpe Laghetto and broader ranging drone magnetic surveys over additional prospects. Final planning and logistics are now underway with surveys targeted to commence early third quarter. Announcement • Mar 29
Alligator Energy Limited Announces High-Grade Uranium Results from Samphire Project Alligator Energy Limited advised and reported on resource infill drilling results and downhole Prompt Fission Neutron (PFN) logging program, plus further sonic core assay results. Key highlights of these include: The rotary mud (infill) drilling program in the high-grade area of the Blackbush deposit has concluded ahead of schedule with all holes successfully logged with PFN, 3-arm caliper, resistivity, neutron porosity and natural gamma; Further exceptional assay results3 from the next three sonic cored holes have been reported with U3O8; 88% of completed4 rotary mud holes provided pU3O8 results greater than the cut-off grade of 250ppm. The rotary mud drilling and PFN results in particular have highlighted the presence of a consistent north-south high-grade zone trending to the west where historical drilling is relatively sparse; Work is continuing to correlate these results with historical drilling, both PFN and gamma, and Alligator will release these comparative results when completed. Company's overall aim remains an increased confidence level in the re-estimation of a JORC compliant resource at Blackbush; In the target sequence within the Eocene Kanaka Beds observing consistent thicknesses of 5 to 20 metre permeable horizons. This comprises an upper sequence of fine-medium grained sands interbedded with silt and clay in addition to similar thicknesses of fine-coarse grained sands both of which host the high-grade uranium mineralization; · Initial observations are that 1 to 3 horizons of higher-grade mineralisation occur within the permeable horizons with thicknesses between 0.5 to 6 metres depending on their location within Samphire paleochannel, all of which are potentially amenable to ISR extraction; and depth of these sands is consistently from approx. 55 to approx. 80 m below surface, a very shallow depth for potential In-Situ Recovery (ISR) extraction, which AGE believes could result in relatively lower wellfield installation costs (production wells). Announcement • Feb 21
Alligator Energy Limited Announces Phase Two Drilling Program Commences At Samphire Alligator Energy Limited announced that phase two of the drilling program announced on 19 November 2021 has commenced at the Samphire Uranium project, 20kms south of Whyalla, South Australia. This phase covers rotary mud drilling and downhole geophysical logging. Key points on the drilling program include: Drilling of up to 42 drillholes within higher grade zones of the Blackbush deposit. Hole locations have been planned to acquire high quality downhole geophysical data where historical drilling needs supporting, and to complement data collected in the recently completed sonic core drilling program (phase 1). Uranium grade will be measured using Prompt Fission Neutron (PFN) and gamma probes to acquire further information for increased confidence level in the re-estimation of a JORC compliant resource at Blackbush and to tie in the historical resource data from previous drilling. As logging data is gathered and evaluated during this drilling phase, some hole locations may change based on requirements aimed at overall improved resource confidence. As further assay results from sonic core drillholes are received, they will be evaluated along with results obtained from this rotary mud program and announced to the market. Recent Insider Transactions Derivative • Feb 08
Non-Executive Director exercised options to buy AU$252k worth of stock. On the 4th of February, Peter McIntyre exercised options to buy 4m shares at a strike price of around AU$0.045, costing a total of AU$158k. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. Since June 2021, Peter's direct individual holding has increased from 55.79m shares to 71.04m. Company insiders have collectively sold AU$246k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jan 31
Alligator Energy Limited Announces High Grade Assay Results from Samphire Uranium Project, SA Alligator Energy announced assay results from the first sonic core drill hole BBS21-001 in the Blackbush deposit, part of the Samphire Uranium Project, 20kms south of Whyalla in SA. This is the first drilling on the project since 2012. The aim of the sonic drilling, in conjunction with a planned rotary mud infill drilling program, is to increase the confidence on the higher grade portion of the Blackbush resource and obtain detailed geological and hydrogeological characteristics of the host sequence. This information will be used in a re-estimation of the Blackbush resource. Assay results from the first sonic drill hole core confirm high grade uranium over anticipated intervals within the Blackbush resource. Hole BBS21-001 results include best intersection of 9.50 metres at 2,353 ppm (0.24%) U3O8 above a cut-off of 250ppm U3O8. This includes an interval of 2.0 metres @ 6,839 ppm (0.68%) U3O8. Best intersection hosted in sequences of coarse to fine grained sands, with minor clay zones directly overlying granite basement, supportive of ISR amenability from historical test-work. Core logging and supporting multi-element analysis, including carbon analysis, show minimal organic derived material in sand hosted mineralised intersection. A further five sonic core holes have been sampled and are progressing through laboratory analysis. Accumulation of representative samples of mineralised core continues for the ANSTO leach and extraction testwork. Logging and sampling of remaining sonic core continues, and planning for a rotary mud drilling program with downhole logging is underway. Recent Insider Transactions Derivative • Jan 19
Independent Non-Executive Chairman exercised options to buy AU$118k worth of stock. On the 14th of January, Paul George Dickson exercised options to buy 2m shares at a strike price of around AU$0.045, costing a total of AU$80k. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. Since June 2021, Paul's direct individual holding has increased from 17.50m shares to 17.69m. Company insiders have collectively sold AU$403k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Dec 16
Alligator Energy Announces Geophysics Assessment Triggers Big Lake Project Acquisition Alligator Energy announced that it is sufficiently satisfied with geophysical data interpretation and desktop data reviews of the Big Lake Uranium project to commit funding for a significant maiden drilling program targeted for Second Quarter 2022. This program will be staged aircore and mud rotary, testing targets in both the Tertiary and Cretaceous basin sediments. Drill locations will be guided by the upcoming results of 3D integration model of geophysical, seismic and well log data, as well as historic uranium intersections viewed with a holistic "roll front" model. While all greenfields exploration is ultimately an evaluated risk /reward opportunity, the interpretation of various geophysical and historic drilling data by Alligator (including the presence of uranium in the system) supports the Company's contention that the Big Lake Project in the Cooper Basin, South Australia, has bona fide uranium exploration potential. Broad continuous palaeochannel systems have been identified in recently-acquired airborne electromagnetics ("EM") and these are also evident in public domain seismic data emanating from the petroleum industry. The seismic also resolves to deeper levels of Cretaceous stratigraphy where potential uranium traps are also evident, broadening the prospectivity of the project. The geological setting and scale are analogous in many respects with the giant Chu-Sarysu Basin Uranium Province in Kazakhstan, as initially prognosed by the current BLU owners and Alligator. Over 40% of the world's mined uranium comes from this province, exclusively via the In Situ Recovery ("ISR") method, which is currently the dominant means of uranium extraction globally. The principal hosts of uranium at the Beverley and Honeymoon Deposits, the Eyre and Namba Formations, are the principal shallower targets at Big Lake. Announcement • Dec 08
Alligator Energy Updates the Market and Shareholders on Drilling Activities at its Samphire Uranium Project, South of Whyalla, South Australia Alligator Energy Limited updated the market and shareholders on drilling activities at its Samphire Uranium Project, south of Whyalla, South Australia. Drilling successfully completed on 5 of the 14 planned sonic core holes within the uranium- bearing zones at the Blackbush deposit, with drilling continuing in subsequent holes. Hand-held scintillometer survey of the core has detected extensive zones of radiation emanation where anticipated by nearby historical drilling. Detailed geological logging and core sampling is being undertaken with samples to be packaged and sent to an Adelaide based laboratory for analysis to obtain accurate assays for uranium and other minerals. Due to high laboratory workloads assay results are not anticipated for some 6 weeks or so. Hole locations have been designed to add high quality geochemical data within the Blackbush higher grade uranium zone this is needed both for the targeted increased confidence level of the JORC compliant resource (resource) being sought by Alligator, and to tie in the historical probe-logged resource data Composite samples from selected cores within various holes are now also being accumulated, with the composite samples to be sent (when completed) to The Australian Nuclear Science and Technology Organisation (ANSTO) in NSW for updated uranium leach and IX extraction testwork to be undertaken. The ANSTO testwork will feed into the resource modelling and compilation of a Scoping Study, to be undertaken during the first half of next year. After delays due to extensive rains, drilling is now proceeding at a good pace, with pre-collar drilling through barren overlying sediments down to approximately 50 metres, followed by sonic coring down to end of hole in the underlying hard granite (approximately 85 to 90 metres total). The quality of the sonic core recovered within and around the uranium-bearing sediments is exceptionally good (refer Figure 3 below) and will facilitate and enhance understanding of the geological interpretation and hydrogeology.All core is chilled to reduce risk of changes due to oxidation, and samples selected for the ANSTO composite leach testing are vacuum sealed at the drill rig immediately after being drilled and chilled to maintain core integrity and entrained groundwater. Following the sonic core drilling, up to 40 rotary mud holes will be drilled in early 2022 with uranium results obtained by Prompt Neutron Fission (PFN) and gamma probe holes will be designed and located for both resource confidence and potential extensional work. Sonic cored holes will also be probed as above for the required correlation with assay results. Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Chairman Paul George Dickson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Nov 25
CEO, MD & Executive Director exercised options to buy AU$131k worth of stock. On the 22nd of November, Gregory Hall exercised options to buy 2m shares at a strike price of around AU$0.045, costing a total of AU$100k. This transaction amounted to 11% of their direct individual holding at the time of the trade. Since December 2020, Gregory's direct individual holding has increased from 16.81m shares to 20.02m. Company insiders have collectively sold AU$811k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 17
Independent Non-Executive Director recently sold AU$412k worth of stock On the 12th of November, Andrew Vigar sold around 5m shares on-market at roughly AU$0.075 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$911k more than they bought in the last 12 months. Announcement • Jun 04
Alligator Energy Limited Provides an Update on Its South Australian Uranium Resource and Exploration Work Alligator Energy Limited provides the following update on its South Australian uranium resource and exploration work: Blackbush Deposit Geophysics, Samphire Uranium Project, SA: High-resolution ground magnetics survey covering the Blackbush resource successfully completed during April 2021; Passive seismic surveys conducted over peripheral Blackbush airborne electromagnetic (AEM) features targeting palaeochannel refinement and continuations; Improved geophysical detail provides solid data and insights into basement features and structural controls of the Blackbush resource and will assist with targeting of further high-grade mineralisation; Resource specialist being commissioned to review previous Blackbush resource and provide drilling requirements for JORC resource upgrade; Drill planning underway for infill and extensional rotary mud drilling for targeting JORC resource enhancement; Engagement with local indigenous group under the existing NTMA agreement around planned program is commencing; Initial procedures established with ANSTO for updated uranium recovery testwork; and Sonic drilling being planned to provide core for ANSTO testwork. Big Lake Uranium (BLU) Project, Cooper Basin, SA: Data acquisition through a SkyTEM airborne electromagnetic survey has been completed, designed as first phase exploration for the BLU Project; Processed interpretation and results are expected in late Second Quarter /early Q3; and Depending on successful identification of potential paleochannel targets, drilling planning will then proceed. Alligator announced the completion of a ground magnetic and passive seismic survey at the Samphire Uranium Project. The surveys were completed over the majority of the Blackbush uranium JORC compliant resource through mid-late April 2021. The results show a marked improvement on existing magnetic data resolution and provide additional insight and clarity into basement geological features and potential controlling factors of mineralisation within the Blackbush resource. Historically the Samphire granite (below the sediments containing the uranium resources) has been segregated into 5 distinct domains with the highest grades of mineralisation at Blackbush sitting predominantly within the Kanaka palaeochannels located directly above the Red Granite domain. This domain is typified by coherent northeast striking low-moderate amplitude/frequency magnetic features. The new improved magnetic resolution provides additional insight into understanding the interaction between these granite domains, and the mineralisation encountered so far at Samphire. Early interpretations show peak uranium mineralisation (pink circles with black dots) typically occurring within the main north-south palaeochannel (white outline) where coincident low-moderate amplitude magnetic features are intersected (lines of black dots). This data is now being utilised as an additional targeting vector to investigate the potential for further high-grade mineralisation within the known deposit, in addition to further mineralisation proximal to the current resource boundary. Announcement • May 08
Alligator Energy Limited Commences Airborne Electromagnetic Survey at the Big Lake Uranium Project Alligator Energy Limited announced that it has commenced mobilisation of its contractor to undertake airborne electromagnetic data acquisition at the Big Lake Uranium (BLU) Project in South Australia. The purpose of the survey is to delineate interpreted palaeochannels within the Eyre formation of the Tertiary sediments that would form a favorable environment for uranium deposition. SkyTEM Australia were selected to complete the survey utilising the SkyTEM 304 system which is proven to deliver accurate data from the top few metres to depths of up to 350 metres. A total of 1,350 line kilometres are proposed, over north south lines spaced at between 400 and 500 metres, to cover the prospective target area. The project was granted funding under the South Australian Governments Advanced Discovery Initiative (ADI) scheme. Following a stage 2 application to the scheme in March 2021, the company was awarded $152,400 towards its "Greenfields exploration for ISR uranium deposits in the Cooper Basin. The Big Lake Project targets REDOX and roll front uranium mineralisation within paleochannels of the Lake Eyre formation. The model is for uranium to be sourced from distal uranium rich rocks and transported as oxidised fluids through paleochannels. The area is located on the margins of deep-seated dome structures associated with known gas reservoirs within the Moomba Gas Fields of South Australia. Initial work completed by BLU included proprietary isopach modelling that identifies variations in basement lithology depths, the location of constraining ridge lines and hydrocarbon influenced domes. The modelling of basement topography has allowed interpretation of hydraulic pathways through potential paleochannels. This formed the basis for the area selection and planned geophysics within the Cooper Basin. Recent Insider Transactions • Dec 16
Insider recently sold AU$328k worth of stock On the 8th of December, Lindsay Carthew sold around 30m shares on-market at roughly AU$0.011 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$226k more than they bought in the last 12 months. Announcement • Oct 10
Alligator Energy Limited (ASX:AGE) completed the acquisition of S Uranium Pty Ltd. from Samphire Uranium Limited. Alligator Energy Limited (ASX:AGE) signed a binding term sheet to acquire S Uranium Pty Ltd. from Samphire Uranium Limited for AUD 4 million on June 11, 2020. Alligator Energy Limited (ASX:AGE) executed a share purchase agreement to acquire S Uranium Pty Ltd. from Samphire Uranium Limited on July 31, 2020. Under the transaction, the consideration will be paid in 679.6 million shares of Alligator Energy at an issue price of AUD 0.006 per Alligator Energy Share. Samphire Uranium Limited will in-specie distribute the Alligator shares to its shareholders. Each Samphire shareholder will receive three Alligator shares for every Samphire share they hold. Samphire Uranium will hold 32% stake of Alligator post completion of transaction. The share purchase agreement to be signed no later than June 20, 2020. As per announcement of July 1, 2020, the parties have agreed to extend the deadline for finalizing the share purchase agreement to July 17, 2020. As of July 20, 2020, Alligator confirmed that the proposed share purchase agreement for the transaction has been substantially agreed by Alligator and Samphire Uranium, and now awaits final clarification from ASIC on the regulatory requirements under the Corporations Act before progressing to execution. The transaction is subject to the shareholder approval of Alligator and Samphire, ASX approval, Samphire securing shareholder approval for the sale of the shares in S Uranium, the in-specie distribution of the issued Alligator shares to its shareholders and the winding up of the company, Samphire preparing a budget and managing its affairs such that at completion of the transaction, S Uranium holding net cash of approximately AUD 0.7 million and finalization of any remaining technical, financial and legal due diligence. Approval from Australian Securities and Investments Commission is expected to receive on or before July 31, 2020.
As of August 3, 2020, Alligator’s technical, financial and legal due diligence is largely complete with the residual procedures being finalized on environmental compliance, land access and completing acquisition of all relevant technical information. Preparation materials are well underway for both Alligator and Samphire to call their respective meetings of shareholders to consider approval of the proposed transaction and to enable Samphire to conduct an in-specie distribution of the Alligator consideration shares. Currently the meetings are being targeted for late September 2020. As on August 27, 2020, the proxy statement has been filed by Alligator Energy Limited for the approval of shareholders in the meeting to be held on October 1, 2020. As of October 1, 2020, the shareholders of Alligator approved the transaction and all conditions were met. The transaction is expected to complete on October 7, 2020.
Alligator Energy Limited (ASX:AGE) completed the acquisition of S Uranium Pty Ltd. from Samphire Uranium Limited on October 8, 2020. Alligator Energy Limited has issued 679.56 million consideration shares. Announcement • Oct 01
Alligator Energy Limited (ASX:AGE) signed a binding term sheet to acquire S Uranium Pty Ltd. from Samphire Uranium Limited for AUD 4 million. Alligator Energy Limited (ASX:AGE) signed a binding term sheet to acquire S Uranium Pty Ltd. from Samphire Uranium Limited for AUD 4 million on June 11, 2020. Alligator Energy Limited (ASX:AGE) executed a share purchase agreement to acquire S Uranium Pty Ltd. from Samphire Uranium Limited on July 31, 2020. Under the transaction, the consideration will be paid in 679.6 million shares of Alligator Energy at an issue price of AUD 0.006 per Alligator Energy Share. Samphire Uranium Limited will in-specie distribute the Alligator shares to its shareholders. Each Samphire shareholder will receive three Alligator shares for every Samphire share they hold. Samphire Uranium will hold 32% stake of Alligator post completion of transaction. The share purchase agreement to be signed no later than June 20, 2020. As per announcement of July 1, 2020, the parties have agreed to extend the deadline for finalizing the share purchase agreement to July 17, 2020. As of July 20, 2020, Alligator confirmed that the proposed share purchase agreement for the transaction has been substantially agreed by Alligator and Samphire Uranium, and now awaits final clarification from ASIC on the regulatory requirements under the Corporations Act before progressing to execution. The transaction is subject to the shareholder approval of Alligator and Samphire, ASX approval, Samphire securing shareholder approval for the sale of the shares in S Uranium, the in-specie distribution of the issued Alligator shares to its shareholders and the winding up of the company, Samphire preparing a budget and managing its affairs such that at completion of the transaction, S Uranium holding net cash of approximately AUD 0.7 million and finalization of any remaining technical, financial and legal due diligence. Approval from Australian Securities and Investments Commission is expected to receive on or before July 31, 2020.
As of August 3, 2020, Alligator’s technical, financial and legal due diligence is largely complete with the residual procedures being finalized on environmental compliance, land access and completing acquisition of all relevant technical information. Preparation materials are well underway for both Alligator and Samphire to call their respective meetings of shareholders to consider approval of the proposed transaction and to enable Samphire to conduct an in-specie distribution of the Alligator consideration shares. Currently the meetings are being targeted for late September 2020. As on August 27, 2020, the proxy statement has been filed by Alligator Energy Limited for the approval of shareholders in the meeting to be held on October 1, 2020. As of October 1, 2020, the shareholders of Alligator approved the transaction. The transaction is expected to complete on October 7, 2020. Announcement • Sep 27
Alligator Energy Limited Auditor Raises 'Going Concern' Doubt Alligator Energy Limited filed its Annual on Sep 25, 2020 for the period ending Jun 30, 2020. In this report its auditor, Pannell Kerr Forster, gave an unqualified opinion expressing doubt that the company can continue as a going concern.