Alligator Energy Acquires Big Lake on back of geophysics assessment
- Alligator Energy (AGE) finalises the acquisition of the Big Lake uranium project on the back of some ‘promising’ geophysical results and desktop data reviews
- Airborne electromagnetics (EM) revealed ‘promising’ paleochannel systems within the Tertiary Lake Eyre Basin at the South Australia-based project
- Data also shows there’s an opportunity to guide exploration for potential ISR uranium in the Cooper Basin
- Alligator will now acquire all the shares in the licence holder ahead of integrating 3D data and completing maiden drilling in the new year
- Company shares have been trading 4.9 per cent higher at 5.4 cents
