Alligator Energy Ltd is focused on the discovery of world class high grade, uranium deposits in the Alligator Rivers Uranium Province (ARUP) in the Northern Territory.
Looking for more information? Download our latest reports on Alligator Energy Ltd and receive plenty of information tailored for investors. Our review is free and includes a recommendation on Alligator Energy Ltd and its portfolio.
Alligator Energy continues to concentrate its activities on the world class Alligator River Uranium Province, the location of Australia’s highest grade uranium deposits and mines, making it prime real estate for uranium exploration, with the area being underexplored, particularly areas under sandstone cover.
Alligator is managed by an experienced and committed team, and since listing in early 2011 has been focussed and has had significant exploration success to date in what can sometimes be a technically challenging exploration environment, whilst successfully weathering a very challenging investment climate for junior resources, and the uranium sector in particular. The Company has developed its exploration techniques to suit the geology.
Now backed by their cornerstone investor, the Macallum Group, Alligator is currently drill testing a number of high-priority prospects generated over the last few years. We consider that Alligator has a high chance for a significant find, and thus rate them as a SPECULATIVE BUY.
Alligator Energy Limited (“Alligator”, ASX: AGE) is an Australian mineral exploration company whose sole focus is exploring for high grade unconformity related uranium mineralisation in the world class Alligator River Uranium Province of the Northern Territory, which hosts the high grade Ranger, Nabarlek and Jabiluka deposits.
Subsequent to listing on the ASX on February 1, 2011 after raising $15 million in a fully subscribed IPO, the Company has defined a maiden JORC-compliant resource at the Caramal Prospect, whilst defining a number of high priority prospects. Work to date over the Company’s projects has included over 20,000m of RC and diamond drilling.
Since listing in early 2011 Alligator has concentrated activities solely on the Alligator River Uranium Province (“ARUP”), despite the investment climate being less than ideal for uranium explorers – Alligator is one of the few ASX listed junior explorers now solely exploring for uranium in Australia.
Parts of the Company’s holdings were acquired through a competitive tender from Cameco Australia Pty Ltd, a subsidiary of the major Canadian uranium miner Cameco...
Download the report for more information.
Official website: http://www.alligatorenergy.com.au/
ASX on Hotcooper: http://hotcopper.com.au/asx/AGE