HomeFinTechAlligator Energy: Acquires Big Lake on back of geophysics assessment

Alligator Energy: Acquires Big Lake on back of geophysics assessment

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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
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