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- Alligator Energy (AGE) has updated the market on its projects, which currently have no exploration activities progressing due to COVID-19
- The company’s Piedmont nickel-cobalt project in Northern Italy has received its drilling permits
- These permits will pave the way to progress the project when the time is appropriate
- Meanwhile, the Big Lake Uranium Project at the Cooper Basin in South Australia has received an initial draft exploration agreement from one indigenous group
- It is expecting a draft agreement from the remaining indigenous group shortly
- For its uranium projects in Northern Territory, the company has concluded an agreement with the traditional owners and Northern Land Council for the Nabark North package of tenements
- Alligator is down 8.33 per cent on the market today, trading for 0.6 cents each
Alligator Energy (AGE) has updated the market on its projects, which currently has no exploration activities currently progressing due to COVID-19.
Piedmont Project
The Piedmont nickel-cobalt project, located in Northern Italy, has received its drilling permits.
Currently, there is no work at the mine, due to COVID-19 restrictions. However, the company says these approvals pave the way to progress the project when the time is right.
Alligator is looking for some final clarification on permit conditions and timing. It will restart engagement with its European based investment interests and other previously identified strategic partners.
“We are pleased to receive the drilling permissions for our Piedmont project from the Turin based Mines authority, despite the very extenuating circumstances
regarding COVID 19 lockdowns in the region,” CEO Greg Hall said.
“We will be pursuing previously identified investor interest in this project in due course,” he added.
Big Lake Uranium Project
The Big Lake Uranium Project at the Cooper Basin in South Australia has received an initial draft exploration agreement from one indigenous group. It is expecting a draft agreement from the remaining indigenous group shortly.
The South Australian Department of Energy and Mines is allowing to defer payment on tenement fees and expenditure, due to the COVID-19 restrictions, which assist with cashflow for explorers.
Alligator is progressing its work plan for initial geophysics when cross-border and ground access is allowed, followed by air core-drilling.
The company has also applied for the South Australian Government’s Accelerated Discovery Initiative, which is a co-funded mineral exploration grant program. The outcome of this has been delayed until late May.
Western Arnhem Land Uranium Projects
In late February, Alligator concluded an agreement with the traditional owners and Northern Land Council for the Nabark North package of tenements.
However, no access is currently allowed into remote indigenous communities due to COVID-19 restrictions. Alligator has spoken to local indigenous rangers to undertake wet season clearing and back burning around its Myra camp.
The Northern Territory Department of Primary Industry and Resources has also delayed progressive payment on tenement fees.
“With no exploration activity possible at the moment on any of our projects, we are utilising the experience and capacity of our team and advisors to ramp up our review of further external project opportunities within the uranium space,” Greg said.
“As the recent uranium spot price increase has shown, there is great uncertainty around the required uranium supply growth over the medium to long term, which is expected to ultimately translate through to higher prices on a sustained basis,” he added.
Alligator is down 8.33 per cent on the market today, trading for 0.6 cents each at 10:57 am AEST.
