Projects Update - Amended
Released
Released
Announcement PDF
ASX Announcement
18 July 2024
Alligator Energy - Projects Update -Amended
THE ANNOUNCEMENT OF 17 JULY 2024 HAS BEEN AMENDED AS IT INADVERTANTLY
OMITTED THE COMPETENT PERSON’S STATEMENT – THIS IS THE ONLY CHANGE TO THE
RELEASE.
Alligator Energy (ASX: AGE, ‘Alligator’ or ‘the Company’) is pleased to provide the following
update regarding recent progress on its portfolio of development and exploration projects:
Highlights:
Samphire Project
•
The Samphire Retention Lease application continues to progress with lodgement of all
additional information requested by the Department of Energy and Mining (DEM) relating to
the conduct of the Field Recovery Trial (FRT) on track for later this week.
•
An Expression of Interest for the on-site assembly of the FRT plant modules and associated
infrastructure has been issued to seven short-listed local Whyalla contractors. Five have now
progressed through the next round of evaluation.
•
Construction work for the FRT set to commence once all approvals are in place and currently
targeted for Q4.
•
Since the last Samphire update (May 20241), drilling has focussed primarily on areas up to
2kms from the Blackbush mineralisation, investigating encouraging historical intercepts and
those encountered in previous AGE drilling programs (Blackbush Extension 2) and a new area
Blackbush Northeast (Figure 1). At this stage, drilling in Blackbush Northeast has confirmed
the presence of both oxidised and reduced sands within the paleochannel which are key
ingredients when exploring for uranium roll front mineralisation. In addition, encouraging
medium-high uranium grades were intersected at Blackbush Extension 2, namely:
o
o
o
1
BBRM24-255: 1.18m @ 0.016% (1,682ppm) pU3O8 from 54.04m and 0.87m @ 0.14%
(1,399ppm) pU3O8 from 60.35m,
BBRM24-258: 0.57m @ 0.13% (1,357ppm) pU3O8 from 54.76m, and
BBRM24-267: 1.18m @ 0.53% (5,332ppm) pU3O8 from 52.96m.
AGE ASX Release 1 May 2024: Extension of Uranium Mineralisation at Samphire Uranium Project Blackbush Deposit, 02801940.pdf (weblink.com.au)
ASX: AGE
ABN 79 140 575 604 | Suite 2, 128 Bowen St, Spring Hill, QLD 4000 | +61 (0) 7 3839 3904
info@alligatorenergy.com.au | www.alligatorenergy.com.au | Page 1 of 13
These areas will be further tested with follow-up drilling along with new exploration target areas
in the north and northeastern palaeochannels (Figure 1).
•
In addition, step-out drilling at the Blackbush Deposit has focused on uranium mineralisation
recently delineated west of Blackbush West1 (Blackbush Extension 1 - Figure 1). Interpretation
suggests that the palaeochannel as well as the uranium mineralisation is extending northwards
and drilling is currently underway to investigate this trend. Key intercepts showing that this
mineralisation has not yet been closed out in this area include:
o
o
BBRM24-275: 0.53m @ 0.019% (192ppm) pU3O8 from 61.26m and 0.71m @ 0.48%
(4807ppm) pU3O8 from 65.01,
BBRM24-276: 0.51m @ 0.06% (618ppm) pU3O8 from 65.93m.
Drilling in this area will continue in addition to commencing exploration north of Blackbush
West as part of Blackbush Extension 1 drilling program.
Figure 1: Recent drilling at the Samphire Project. Intercepts above 250ppm pU3O8 (yellow dots), 100ppm-250ppm pU3O8
(red dots) and <100ppm pU3O8 (blue dots). Areas to be drilled tested for the remainder of 2024 also shown.
2
Alligator Rivers Uranium Province
•
•
A high resolution airborne magnetic and radiometric survey has recently been completed over
the entire Nabarlek North tenement package (Alligator Rivers Uranium Province, Figure 2).
Several similar surveys were flown historically over disjointed areas and varying resolutions
(to 200 x 200m) within the tenement package. The intention of this Alligator initiated survey
was to:
o
re-fly at a higher resolution at 100m x 100m and then at 50m x 50m over identified
areas of interest, and
o
obtain data from one single survey of the entire tenement package for consistency
and increased precision for drill targeting.
Preliminary results show a significant improvement in data resolution highlighting previously
unknown structural trends (U40 trend) and prospective geological domains and structural
complexities (Figure 2). Alligator has not yet received the final data from the Contractor as
processing is in progress. A full release upon receipt of the final data and interpretation will
be issued showing targets selected for the 2024 drilling program planned to commence midlate August.
Figure 2: Comparison between resolutions of historical vs newly acquired preliminary magnetic data (flown by AGE, June
– July 2024). Yellow circles denote areas of structural complexities that share similarities to known uranium mineralisation
in the region and will be subject to further detailed interpretation. Green circles highlight areas already considered to be
potential targets areas of interest for the 2024 drill program. Note this data is preliminary and not the final product to be
delivered by the Contractor.
Big Lake Uranium Project
•
The inaugural Big Lake drill program on Alligator’s 100% owned EL6367 remains underway
with activities at all primary drill targets completed except for location 2 which is currently
impacted by rain (Figure 3). Other areas tested include site 10 where drilling to date has shown
evidence of potential paleochannel sands which will be tested further.
3
•
Drilling has been suspended for a 2-3 week break to allow for rain affected areas to dry before
resumption of the program particularly to test area 10 will be completed early-mid August. The
objective of the inaugural drill campaign was to calibrate the seismic/AEM interpretations of
the upper (<500m) sections of the Cooper basin with the potential for existence of uranium rollfront systems in prospective host formations.
•
Results from this program will be presented in a forthcoming release once drilling and
interpretation has been completed.
Figure 3: Proposed (priority and secondary drill sites) on EL6367 for 2024. Priority based on logistical simplicity and
testing a broad range of basin sections and interpretations.
Alligator CEO, Greg Hall, said: “The team at Alligator remain exceptionally busy on preparations
ahead of the anticipated final approvals for the field recovery trial, our first foray into the Cooper
Basin targeting the potential to be a new uranium-bearing basin at Big Lake and finalising plans for
our 2024 drilling program at Nabarlek North. This platform sets the Company up for significant
progress on all three core projects and hence the potential for solid news flow in the second half of
the year”
This announcement was authorised for release by the CEO and Managing Director.
4
Contacts
For more information, please contact:
Mr Greg Hall
Mr Mike Meintjes
CEO & Director
CFO & Company Secretary
gh@alligatorenergy.com.au
mm@alligatorenergy.com.au
For media enquiries, please contact:
Alex Cowie
Media & Investor Relations
alexc@nwrcommunications.com.au
Forward Looking Statement
This announcement contains projections and forward-looking information that involve various risks and uncertainties
regarding future events. Such forward-looking information can include without limitation statements based on current
expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company.
These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from
those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated
in such information. These and all subsequent written and oral forward-looking information are based on estimates and
opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company
assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions
change.
Information in this report is based on current and historic Exploration and Resource Drilling Results compiled by Dr Andrea
Marsland-Smith who is a Member of the AusIMM. Dr Marsland-Smith is employed on a full-time basis with Alligator Energy
as Chief Operating Officer, and has sufficient experience which is relevant to the style of mineralisation and type of deposit
under consideration (including 21 years in ISR uranium mining operations and technical work) and to the activity she is
undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves. Dr Marsland-Smith consents to the inclusion in this release of
the matters based on her information in the form and context in which it appears.
About Alligator Energy
Alligator Energy Ltd is an Australian, ASX-listed, exploration company focused on uranium and energy related minerals,
principally cobalt-nickel. Alligator’s Directors have significant experience in the exploration, development and operations
of both uranium and nickel projects (both laterites and sulphides).
5
Projects
6
APPENDIX 1 - In accordance with ASX Listing Rule 5.7.2 the Company provides the following information.
Table 1A: All significant uranium intersections from PFN logging (pU 3O8) of the rotary mud drilling program
summarised above 0.5m minimum thickness, ≥ 0.010% pU3O8 (100ppm pU3O8) with internal dilution 0.25m.
Note: pU3O8 grades have been acquired by a Prompt Fission Neutron Tool (PFN22) which was calibrated at
the Australian Mineral Development Laboratories (AMDEL) calibration facility (Adelaide) and then checked for
repeatability by regularly logging a fibreglass-cased calibration hole onsite (MRC002,723703E, 6324350N
(GDA94), depth 84.5m). All pU3O8 grades were calculated and corrected for borehole size from caliper data
taken every 5cm downhole and using the equation {2.737*({EPITHERM}/{THERMAL}-0.02)}*{-1*Power(10,06 )*Power({CAL},2)+0.0097*{CAL}-0.0313}
Summarised above 0.25m minimum thickness, ≥ 0.010% pU3O8 (100ppm pU3O8) with internal dilution 0.25m.
HoleID
Easting
Northing
RL
Azimuth
Dip
Hole Depth Depth From Depth To Thickness
(m)
pU3O8
pU3O8
(m)
(m)
(m)
(%)
(ppm)
62.82
63.11
0.29
0.0397
397
Grade x
Grade x
Thickness Thickness
(GDA94, Z53)
(GDA94, Z53)
BBRM24-251
724199
6324750
13.8
0
-90
84
BBRM24-252
724400
6324849
12.0
0
-90
75
BBRM24-253
724400
6324898
12.3
0
-90
78
BBRM24-254
724400
6324950
12.6
0
-90
72
55.05
55.39
0.34
0.0055
55
0.0019
19
BBRM24-254
724400
6324950
12.6
0
-90
72
56.72
57.33
0.61
0.0453
453
0.0276
276
BBRM24-255
724349
6324950
13.0
0
-90
109.4
54.54
56.32
1.78
0.1152
1152
0.2050
2051
BBRM24-255
724349
6324950
13.0
0
-90
109.4
60.35
61.22
0.87
0.1399
1399
0.1217
1217
BBRM24-256
724450
6324951
12.8
0
-90
75
BBRM24-257
724350
6325001
13.4
0
-90
72
BBRM24-258
724400
6325001
12.9
0
-90
83
0.0779
779
BBRM24-259
724450
6325000
12.8
0
-90
72
No significant intersections
BBRM24-260
724375
6325051
17.6
0
-90
69
No significant intersections
BBRM24-261
724424
6325051
12.9
0
-90
82
No significant intersections
BBRM24-262
724476
6325051
13.0
0
-90
67
No significant intersections
BBRM24-263
725100
6325000
9.7
0
-90
87
No significant intersections
BBRM24-264
725100
6325100
9.9
0
-90
110
No significant intersections
BBRM24-265
725100
6325200
10.5
0
-90
68
No significant intersections
BBRM24-266
725199
6325201
10.2
0
-90
68
BBRM24-267
724436
6325100
13.7
0
-90
105
52.14
52.43
0.29
0.2741
2741
0.0795
795
BBRM24-267
724436
6325100
13.7
0
-90
105
52.96
54.14
1.18
0.5332
5332
0.6292
6292
BBRM24-267
724436
6325100
13.7
0
-90
105
74.91
75.33
0.42
0.0113
113
0.0047
47
BBRM24-267
724436
6325100
13.7
0
-90
105
87.83
89.29
1.46
0.0311
311
0.0453
454
BBRM24-267
724436
6325100
13.7
0
-90
105
93.27
93.76
0.49
0.0290
290
0.0142
142
BBRM24-267
724436
6325100
13.7
0
-90
105
94.21
94.49
0.28
0.0235
235
0.0066
66
BBRM24-268
725001
6325200
10.9
0
-90
66
No significant intersections
BBRM24-269
725299
6325101
9.3
0
-90
110
No significant intersections
BBRM24-270
725500
6325100
8.1
0
-90
110
No significant intersections
BBRM24-271
725552
6325099
7.9
0
-90
108
No significant intersections
BBRM24-272
725651
6325100
7.7
0
-90
110
No significant intersections
BBRM24-273
725649
6325000
7.3
0
-90
102
No significant intersections
BBRM24-274
725550
6325200
8.1
0
-90
110
BBRM24-275
722325
6324240
23.9
0
-90
83
61.05
61.79
0.74
0.0146
146
0.0108
108
BBRM24-275
722325
6324240
23.9
0
-90
83
63.87
64.34
0.47
0.0588
588
0.0276
276
BBRM24-275
722325
6324240
23.9
0
-90
83
64.99
65.8
0.81
0.4221
4221
0.3419
3419
BBRM24-276
722275
6324250
27.1
0
-90
85
61.56
61.98
0.42
0.0063
63
0.0026
26
BBRM24-276
722275
6324250
27.1
0
-90
85
62.3
62.8
0.5
0.2427
2427
0.1214
1214
BBRM24-276
722275
6324250
27.1
0
-90
85
64.06
64.41
0.35
0.1286
1286
0.0450
450
BBRM24-276
722275
6324250
27.1
0
-90
85
65.92
66.47
0.55
0.0588
588
0.0324
323
BBRM24-277
722250
6324310
28.2
0
-90
72
(m%)
(mppm)
0.0115
115
No significant intersections
No significant intersections
No significant intersections
No significant intersections
54.76
55.36
0.6
0.1299
1299
No significant intersections
No significant intersections
No significant intersections
7
Table 1B: All significant uranium intersections from PFN logging (pU3O8) of the rotary mud drilling program summarised
above 0.5m minimum thickness, ≥ 0.025% pU3O8 (250ppm pU3O8) with internal dilution 0.25m.
Summarised above 0.5m minimum thickness, ≥ 0.025% pU3O8 (250ppm pU3O8) with internal dilution 0.25m.
Easting
Northing
(GDA94, Z53)
(GDA94, Z53)
BBRM24-251
724199
BBRM24-252
BBRM24-253
HoleID
Hole Depth Depth From Depth To Thickness
pU3O8
pU3O8
(%)
(ppm)
RL
Azimuth
Dip
6324750
13.8
0
-90
84
No significant intersections
724400
6324849
12.0
0
-90
75
No significant intersections
724400
6324898
12.3
0
-90
78
No significant intersections
BBRM24-254
724400
6324950
12.6
0
-90
72
No significant intersections
BBRM24-254
724400
6324950
12.6
0
-90
72
BBRM24-255
724349
6324950
13.0
0
-90
109.4
55.04
56.22
1.18
0.1682
BBRM24-255
724349
6324950
13.0
0
-90
109.4
60.35
61.22
0.87
0.1399
BBRM24-256
724450
6324951
12.8
0
-90
75
BBRM24-257
724350
6325001
13.4
0
-90
72
BBRM24-258
724400
6325001
12.9
0
-90
83
BBRM24-259
724450
6325000
12.8
0
-90
72
No significant intersections
BBRM24-260
724375
6325051
17.6
0
-90
69
No significant intersections
BBRM24-261
724424
6325051
12.9
0
-90
82
No significant intersections
BBRM24-262
724476
6325051
13.0
0
-90
67
No significant intersections
BBRM24-263
725100
6325000
9.7
0
-90
87
No significant intersections
BBRM24-264
725100
6325100
9.9
0
-90
110
No significant intersections
BBRM24-265
725100
6325200
10.5
0
-90
68
No significant intersections
BBRM24-266
BBRM24-267
BBRM24-267
BBRM24-268
BBRM24-269
BBRM24-270
BBRM24-271
BBRM24-272
BBRM24-273
BBRM24-274
BBRM24-275
BBRM24-275
BBRM24-276
BBRM24-277
725199
724436
724436
725001
725299
725500
725552
725651
725649
725550
722325
722325
722275
722250
6325201
6325100
6325100
6325200
6325101
6325100
6325099
6325100
6325000
6325200
6324240
6324240
6324250
6324310
10.2
13.7
13.7
10.9
9.3
8.1
7.9
7.7
7.3
8.1
23.9
23.9
27.1
28.2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
-90
68
105
105
66
110
110
108
110
102
110
83
83
85
72
(m)
(m)
(m)
(m)
Grade x
Grade x
Thickness Thickness
(m%)
(mppm)
1682
0.1984
1985
1399
0.1217
1217
0.0774
773
0.6292
0.0413
6292
413
0.0102
0.3413
0.0315
102
3413
315
No significant intersections
No significant intersections
No significant intersections
54.76
55.33
0.57
0.1357
1357
No significant intersections
52.96
87.84
54.14
88.94
1.18
1.1
0.5332
0.0375
5332
375
No significant intersections
No significant intersections
No significant intersections
No significant intersections
No significant intersections
No significant intersections
No significant intersections
61.26
65.01
65.93
61.79
65.72
66.44
0.53
0.71
0.51
0.0192
0.4807
0.0618
192
4807
618
No significant intersections
8
JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
Criteria
JORC Code explanation
Commentary
Sampling
techniques
• Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc). These examples
should not be taken as limiting the
broad meaning of sampling.
• Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.
• Aspects of the determination of
mineralisation that are Material to the
Public Report.
• Rotary mud drilling was used to obtain 2m
samples in the non-target area and 1m mud
/chip samples within the target area.
• Downhole wireline logging using a Prompt
Fission Neutron (PFN) tool was used to
calculate pU3O8 from the ratio of epithermal
and thermal neutrons.
• The PFN used in this program was
calibrated using industry standard
procedures at the Australian Mineral
Development Laboratories (AMDEL)
calibration facility (Adelaide).
• In cases where ‘industry standard’ work
has been done this would be relatively
simple (eg ‘reverse circulation drilling
was used to obtain 1 m samples from
which 3 kg was pulverised to produce a
30 g charge for fire assay’). In other
cases more explanation may be
required, such as where there is coarse
gold that has inherent sampling
problems. Unusual commodities or
mineralisation types (eg submarine
nodules) may warrant disclosure of
detailed information.
Drilling
techniques
• Drill type (eg core, reverse circulation,
open-hole hammer, rotary air blast,
auger, Bangka, sonic, etc) and details
(eg core diameter, triple or standard
tube, depth of diamond tails, facesampling bit or other type, whether core
is oriented and if so, by what method,
etc).
• All holes were drilled by Watson Drilling
with typical hole diameter being 6”
(152.4mm).
• All holes were vertical.
Drill sample
recovery
• Method of recording and assessing core
and chip sample recoveries and results
assessed.
• Measures taken to maximise sample
recovery and ensure representative
nature of the samples.
• Caliper data show that borehole size
increases in zones of unconsolidated sands,
hence all pU3O8 grades were calculated and
corrected for borehole size from caliper
data taken every 5cm downhole using the
equation {2.737*({EPITHERM}/{THERMAL}-0.02)}*{-
• Whether a relationship exists between
sample recovery and grade and
whether sample bias may have
occurred due to preferential loss/gain of
fine/coarse material.
1*Power(10,-06 )*Power({CAL},2)+0.0097*{CAL}0.0313}
• Whether core and chip samples have
been geologically and geotechnically
logged to a level of detail to support
Chip/mud samples were collected 2m in
non-target areas and then 1m in the zones
of interest (i.e. the target Kanaka Beds).
Logging
9
Criteria
JORC Code explanation
Commentary
appropriate Mineral Resource
estimation, mining studies and
metallurgical studies.
• Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography.
• All samples are geologically logged
compliant with industry standards which
included lithology, mineralogy, grain
size/rounding/sorting, colour, redox.
• All samples were photographed using a
high-resolution camera.
• The total length and percentage of the
relevant intersections logged.
Subsampling
techniques
and sample
preparation
• If core, whether cut or sawn and
whether quarter, half or all core taken.
• If non-core, whether riffled, tube
sampled, rotary split, etc and whether
sampled wet or dry.
• For all sample types, the nature, quality
and appropriateness of the sample
preparation technique.
• Quality control procedures adopted for
all sub-sampling stages to maximise
representivity of samples.
• Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for instance
results for field duplicate/second-half
sampling.
• Whether sample sizes are appropriate
to the grain size of the material being
sampled.
Quality of
assay data
and
laboratory
tests
• The nature, quality and appropriateness
of the assaying and laboratory
procedures used and whether the
technique is considered partial or total.
• For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations
factors applied and their derivation, etc.
• Nature of quality control procedures
adopted (eg standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (ie lack of bias) and precision
have been established.
Verification
of sampling
and
assaying
• The verification of significant
intersections by either independent or
alternative company personnel.
• The use of twinned holes.
• Documentation of primary data, data
entry procedures, data verification, data
storage (physical and electronic)
protocols.
• Discuss any adjustment to assay data.
• The depth of investigation of the PFN tool
approximately 25-40 cm radius around the
borehole to allow for accurate
measurement of the ratio of
epithermal/thermal neutrons for pU3O8
calculations.
• QA/QC of pU3O8 data included repeatability
checks by regularly logging a fibreglasscased calibration hole onsite
(MRC002,723703E, 6324350N (GDA94),
depth 84.5m). MRC002 has sufficient assay
data in the target zone to compare/calibrate
PFN data.
• Repeat runs in rotary mud holes that
remained open after drilling for sufficient
time to allow for PFN logging was also
performed.
Three geophysical tools were used:
• Prompt Fission Neutron Tool (PFN) serial
number 22 manufactured by
Geoinstruments Inc, Nacogdoches, Texas.
Neutron generator 78-80kV, logging at
0.5m/minute.
• Multisurvey tool (MST) serial number 24
manufactured by Geoinstruments Inc,
Nacogdoches, Texas. Measures 16Normal,
64Long borehole resistance, Point
Resistance, and Self Potential and
uncalibrated natural gamma for depth
matching.
• GeoVista 3-arm caliper, serial number 5589,
measures the bore-hole size in millimetres
for the length of the bore hole.
• QA/QC of pU3O8 data included repeatability
checks by regularly logging a fibreglasscased calibration hole onsite
(MRC002,723703E, 6324350N (GDA94),
depth 84.5m). MRC002 has sufficient assay
data in the target zone to compare/calibrate
PFN data.
• Natural gamma (on the caliper tool) was
used for depth matching the PFN.
• No wireline stretch was observed during the
10
Criteria
JORC Code explanation
Commentary
program.
Location of
data points
• Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral
Resource estimation.
• Specification of the grid system used.
• Quality and adequacy of topographic
control.
Data
spacing and
distribution
• Data spacing for reporting of
Exploration Results.
• Whether the data spacing and
distribution is sufficient to establish the
degree of geological and grade
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
• Whether sample compositing has been
applied.
Orientation
of data in
relation to
geological
structure
• Whether the orientation of sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.
• If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
• Drillholes are sited using a Garmin
handheld GPS
• Drilled holes are surveyed Leica iCON GPS
60 which uses the 4G network to obtain
corrections from SmartNet base stations
(Continuously Operating Reference
Stations (CORS)) located around
Whyalla. The SmartNet corrections result
in RTK RMS accuracy of 10-20mm in XY
and 20-30mm in Z.
• Grid system GDA94 Projection 53H
• Drill spacing varies from 50x100m,
200x200m, 50 x 25m and 200 x 200m
centres as program was designed to
validate historical drilling and infill where
there is sparse historical information.
• pU3O8 intercepts calculated above 0.5m
minimum thickness, >0.025% pU3O8
(100ppm pU3O8) with internal dilution
0.25m
• No compositing was applied.
• The Samphire mineralisation is interpreted
to be contained in horizontal to subhorizontal sequence of sediments and
underlying weathered granite. This
interpretation is derived from the significant
historic drilling and geological interpretation
of the area.
All drillholes are vertical which is appropriate
for the orientation of the mineralisation
Sample
security
• The measures taken to ensure sample
security.
• Rotary mud/chip samples are stored in
AGE’s secured storage facility in Whyalla.
Audits or
reviews
• The results of any audits or reviews of
sampling techniques and data.
No audits or reviews undertaken of sampling
techniques to date.
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria
JORC Code explanation
Commentary
Mineral
tenement
and land
tenure
status
• Type, reference name/number, location
and ownership including agreements or
material issues with third parties such
as joint ventures, partnerships,
overriding royalties, native title interests,
historical sites, wilderness or national
park and environmental settings.
• The security of the tenure held at the
time of reporting along with any known
impediments to obtaining a licence to
• The JORC2012 compliant Blackbush
deposit, referenced historical drilling and
geophysics covering the Samphire project
are located on Exploration Licence EL5926
originally granted 20th November 2016 for a
term expiring 2018. The licence was
subsequently renewed for a further 3 years
expiring in November 2021. A further
renewal has been lodged with DEM and is
pending.
11
Criteria
JORC Code explanation
operate in the area.
Exploration
done by
other
parties
• Acknowledgment and appraisal of
exploration by other parties.
Geology
• Deposit type, geological setting and
style of mineralisation.
Drill hole
Information
• A summary of all information material to
the understanding of the exploration
results including a tabulation of the
following information for all Material drill
holes:
o easting and northing of the drill hole
collar
o elevation or RL (Reduced Level –
elevation above sea level in metres)
of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception
depth
o hole length.
• If the exclusion of this information is
justified on the basis that the
information is not Material and this
exclusion does not detract from the
understanding of the report, the
Competent Person should clearly
explain why this is the case.
Data
aggregation
methods
• In reporting Exploration Results,
weighting averaging techniques,
maximum and/or minimum grade
truncations (eg cutting of high grades)
and cut-off grades are usually Material
and should be stated.
• Where aggregate intercepts incorporate
Commentary
• EL5926 is 100% held by S Uranium Pty Ltd
a wholly owned subsidiary of Alligator
Energy Ltd.
• The land covering the licence area is Crown
Lease; consisting of several leases over 2
pastoral stations.
• Samphire Uranium Limited (SUL),
previously UraniumSA (ASX: USA)
historically conducted almost all previous
exploration within EL5926 defining the
Plumbush (JORC2004) and Blackbush
(JORC2012) resources and all relevant
drilling, geophysics except ground
magnetics conducted by AGE in 2021.
• USA conducted preliminary Insitu Recovery
(ISR) hydrogeological testwork on the
Blackbush deposit with pump testing and
hydrogeological modelling.
• Third party drilling is confined to one rotary
mud hole for lignite exploration located in
the southeast of the licence area.
• Mineralisation is dominantly sediment
hosted uranium within the Eocene Kanaka
Beds. Minor amounts of mineralisation are
present in the overlying Miocene Melton
sands (informal name) and underlying
Samphire granite (informal name)
• Drillhole information that relates to historic
drilling was previously reported by Uranium
SA (ASX: USA) in ASX release “Samphire
Project Update” 27 September 2013.
• Drillhole information relating to post 2021
are summarised in Table 1 Appendix 1 of
the following releases:
o ASX release “Exceptional High Grade
Uranium Results – Samphire Project”
March 29, 2022
o ASX release “Resource Drilling
complete with highest grades found so
far at Samphire Uranium Project”
November 23, 2022
o ASX release “Samphire Drilling
Update” June 8, 2023.
o Table 1 Appendix 1 of this release.
Rotary Mud
pU3O8 intercepts for both rotary mud holes
are calculated above 0.5m minimum thickness,
>0.025% pU3O8 (100ppm pU3O8) with internal
dilution 0.25m
12
Criteria
JORC Code explanation
Commentary
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation
should be stated and some typical
examples of such aggregations should
be shown in detail.
Relationshi
p between
mineralisati
on widths
and
intercept
lengths
• The assumptions used for any reporting
of metal equivalent values shoul
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