Big Lake Uranium Prospect, South Australia
Alligator holds the option to acquire 100% of the Big Lake Uranium Project in the Cooper Basin, a project targeting discovery of Australia’s next ISR uranium field.
Uranium occurrences have been identified from historic oil and gas well gamma logging and confirmed by limited uranium exploration in the region. The project targets REDOX and roll front uranium mineralisation within stratigraphic paleochannels of the Lake Eyre Basin. The model is for uranium to be sourced from distal uranium rich basement rocks and transported as oxidised fluids through paleochannels.
Alligator has conducted and completed an airborne electromagnetic (EM) survey as of August 2021, seeking to identify key paleochannel signatures that could indicate the presence of low cost ISR style deposits. Following the completion of this survey next steps interpretation and drill targeting is underway geophysical targets.