Alligator Energy Hits Major Uranium Find At Big Lake In Sas Lake Eyre Basin

Alligator Energy makes new uranium discovery in maiden drill program

Adelaide, 13 August 2024

AGE has made a significant discovery with its maiden drilling program at the Big Lake Project in South Australia. The discovery was made in the very first hole drilled at the project, and it has the potential to be a major new uranium deposit.

The discovery was made in a hole drilled to a depth of 250 meters. The hole intersected a zone of uranium mineralization that is over 100 meters thick. The mineralization is hosted in a sandstone unit, and it is of a high grade.

The discovery is a major breakthrough for AGE, and it has the potential to transform the company. AGE is now one of the few companies in the world that has a major uranium discovery in a Tier 1 jurisdiction. The company is well-funded and has a strong management team, and it is well-positioned to develop the Big Lake Project into a world-class uranium mine.

The discovery is also a major boost for the uranium industry. The world is facing a growing demand for uranium, and the discovery of new uranium deposits is essential to meet this demand. The Big Lake Project has the potential to be a major new source of uranium for the world, and it could help to power the world's nuclear power plants for decades to come.

The discovery is a testament to the hard work and dedication of the AGE team. The company has been working on the Big Lake Project for several years, and its perseverance has paid off. The discovery is a major milestone for AGE, and it is a major step forward for the company's goal of becoming a leading uranium producer.

Conclusion

The discovery of a major new uranium deposit at the Big Lake Project is a significant event for AGE, the uranium industry, and the world. The discovery has the potential to transform AGE into a major uranium producer, and it could help to meet the world's growing demand for uranium.