Alligator Energy Ltd (ASX:AGE, OTC:ALGEF) is gearing up for an extensive drilling program at its Big Lake Uranium Project in the Cooper Basin, South Australia. The exploration plans were discussed by the company’s CEO, Greg Hall, who highlighted the significance of obtaining cultural heritage clearance and forging strong partnerships with local Aboriginal corporations.
The ASX-listed company has made commitments to heritage protection and employment with the Yandruwandha Yawarrawarrka Traditional Landowners Aboriginal Corporation (YYTLOAC), showcasing its dedication to responsible and sustainable exploration practices.
Subject to rig availability, Alligator Energy aims to carry out a drilling campaign consisting of approximately 45 holes, each averaging 140 meters in depth. These holes will be strategically positioned in order to test the company’s mineralisation model and lay the groundwork for future, more focused drilling efforts.
“In order to identify the most prospective areas within our tenement package, we have extensively analyzed seismic data obtained from previous oil and gas operations in the Cooper Basin,” explained Hall. “This method has proven to be both efficient and cost-effective, allowing us to pinpoint the areas that show the greatest potential for uranium exploration. With this groundwork complete, we are now ready to embark on our first on-ground work program.”
Alligator Energy’s commitment to thorough data analysis and careful planning demonstrates its dedication to maximizing the success of its drilling campaign. By leveraging existing seismic data, the company is able to optimize its exploration strategy and ensure that resources are allocated effectively.
This ambitious drilling program represents a significant step forward for Alligator Energy and the future of uranium exploration in the Cooper Basin. With its strong focus on community engagement and sustainable practices, the company is poised to make a positive impact in the region while unlocking the potential of the Big Lake Uranium Project.
Frequently Asked Questions (FAQ)
Q: What is the purpose of Alligator Energy’s drilling program?
A: The drilling program aims to test the company’s mineralisation model and lay the foundations for future drilling efforts.
Q: How many holes are planned for the drilling campaign?
A: Alligator Energy plans to carry out approximately 45 holes in the drilling campaign.
Q: What partnerships has Alligator Energy formed?
A: Alligator Energy has forged partnerships with the Yandruwandha Yawarrawarrka Traditional Landowners Aboriginal Corporation, prioritizing heritage protection and employment commitments.
Q: How has Alligator Energy planned the location of the drill holes?
A: By analyzing existing seismic data from previous oil and gas operations in the Cooper Basin, Alligator Energy has identified the most prospective areas within its tenement package for the drilling program.
Q: What is Alligator Energy’s approach to responsible exploration?
A: Alligator Energy is committed to responsible and sustainable exploration practices, ensuring cultural heritage clearance and engaging with local Aboriginal corporations.