AGE.ASX: Samphire Resource Increases By 67%

Samphire Resource Increases By 67%

Stock	Alligator Energy Ltd (AGE.ASX)
Release Time	19 Jun 2026, 10:54 a.m.
Price Sensitive	Yes

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Alligator Energy's Samphire Project Resource Increases by 67%

Key Points

Maiden Inferred Mineral Resource Estimate of 12 Mlbs U3O8 at Plumbush
Total Samphire Project Mineral Resource increased to 30 Mlbs U3O8
Aggressive drilling program planned for 2026 to further grow resource
Updated Mineral Resource Estimate expected in early 2027

Full Summary

Alligator Energy Ltd announced its maiden Inferred Mineral Resource Estimate (MRE) of 12 million pounds of U3O8 at the Plumbush Deposit, located 5 km south of the existing Blackbush Deposit. This addition to the Samphire Project increased the total MRE by 67% from 18 Mlbs to 30 Mlbs, all deemed amenable to in-situ recovery. The Plumbush MRE provides support for Alligator's previously reported Samphire Exploration Target, representing a significant step towards converting that target into defined Mineral Resources. Alligator plans an aggressive drilling program for the remainder of 2026, targeting further growth in the MRE, with an updated MRE anticipated in early 2027 to feed into the Bankable Feasibility Study currently underway and expected to be released in mid-2027.

Outlook

Alligator Energy expects to deliver further updates to the Mineral Resource Estimate in early 2027, which will form the base for the Bankable Feasibility Study expected in mid-2027.