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ALLIGATOR ENERGY LTD

ASX: AGE

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Description

Alligator Energy offers its shareholders strategic exposure to a highly prospective uranium exploration tenement package in the world class Alligator Rivers Uranium Province in Arnhem Land, Northern Territory which alongside the Athabasca Basin in Canada, ranks as one of the world's premier uranium provinces for large, high grade resources.

Alligator is focused on the ARUP in the Northern Territory. This province hosts nearly 1 billion pounds of high grade uranium resources and past production, including the Ranger Mine and Jabiluka. The region has had significantly less exploration than the geologically similar Athabasca Basin which continues to produce new discoveries.

High grade uranium mineralisation has previously been intersected at a number or prospects on Alligator's granted tenements, including at the historic Caramal deposit. High grade intersections include, 21m @ 0.5 % U3O8 and 22.7m @ 0.38% U3O8 at Caramal, 15m @ 0.47% U3O8 at South Horn and 8.6m @ 0.33% U3O8 at Gorrunghar. Rocks of the Cahill Formation which host in excess of 950Mlb U3O8 in uranium endowment in the Alligator Rivers Uranium Province occur extensively in the main project area. The project area and wider region remain under-explored due to historic access impediments.

The Northern Territory Government encourages responsible uranium exploration and provides for uranium mining. The Northern Territory has been a major exporter of uranium for over 30 years and consequently has an established regulatory framework for uranium exploration, mine development and export. The Territory and Federal Governments support uranium mining in the Northern Territory. The flagship project (Tin Camp Creek Project) on the Tin Camp Creek Tenements SEL 24921, SEL 24922 and EL 25002 consists of granted tenements for which access agreements with the Northern Land Council on behalf of traditional owners are in place.

Mine For

uranium

Location of operation(s)

Northern Territory

Address

Suite 3 36 Agnes Street
Fortitude Valley, QLD, Australia. 4006

Phone

(61 7) 3831 9154

Email

Website


Last Updated

14/07/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.