Alligator Energy has announced that recent chemical assays have validated a “significant new uranium discovery” at its Big Lake uranium project in South Australia.
In August, the company reported that its first drilling program had intersected notable uranium mineralization within the Namba Formation’s interbedded palaeochannel sand units. Subsequent assays confirmed the presence of significant uranium in the Lake Eyre basin sediments, situated above the hydrocarbon-rich Cooper Basin.
CEO Greg Hall remarked, “The assay results validate our initial findings and show improvement over our field observations. The consistency and thickness of the intersections indicate substantial potential for the project in this untested area of the Lake Eyre/Cooper Basin system.”
With confirmed results, Alligator Energy is preparing for the next drilling phase, scheduled for early next year. The planning process involves consultations with Traditional Owners, pastoralists, and other local stakeholders, who have supported the exploration efforts.
The company is finalizing approvals for follow-up drilling and expects to receive Native Title site heritage clearance by the end of 2024. Additional drilling lines are also planned to explore other locations for promising stratigraphy and interpreted paleochannels.
