Why did Alligator Energy (ASX:AGE) secure the new Mullaquana Crown Lease option?

Alligator Energy (ASX:AGE) executed the agreement to gain immediate access rights for exploration across previously inaccessible ground. The company stated this land contains the southern strike extension of the Blackbush uranium deposit.

What are the financial terms of the property option secured by Alligator Energy (ASX:AGE)?

Alligator Energy (ASX:AGE) will make an initial payment of $500,000 on or around 1 July 2026 to secure the 18-month staged acquisition option. Exercising the option to fully acquire the property will cost an additional $6,750,000.

What is the exploration and development timeline for Alligator Energy (ASX:AGE)?

Alligator Energy (ASX:AGE) planned a drilling programme for the remainder of 2026 to target further resource growth and deliver an updated estimate in early 2027. This data is intended to feed into an ongoing bankable feasibility study expected for release in mid-2027.

How did the stock market react to the announcement by Alligator Energy (ASX:AGE)?

Following the resource and lease announcement, the Alligator Energy (ASX:AGE) share price closed down at $0.037. This market movement occurred immediately after the details of the Samphire Project expansion and the $7.25 million total potential acquisition terms were made public.

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Alligator Energy expands uranium resource to 30Mlbs

Q: What does the resource expansion mean for the total uranium inventory of Alligator Energy (ASX:AGE)?

The total inferred mineral resource for Alligator Energy (ASX:AGE) at the Samphire Project grew by 67%, increasing from 18 million pounds to 30 million pounds of uranium oxide. This increase follows the addition of a maiden 12 million pound inferred resource estimate at the Plumbush deposit.

Written by Jon CuthbertPublished Jun 19, 2026, 5:01 AM

Alligator Energy expanded its Samphire Project mineral resource by 67% and secured a property acquisition option.
The resource increase to 30 million pounds of uranium oxide was announced alongside a new exploration lease option.
The company intends to use the newly accessed ground to support ongoing drilling and feasibility studies through 2027.

Alligator Energy (ASX:AGE) expanded its Samphire Project uranium resource by 67% and secured a new lease acquisition option.

The project's resource increased from 18 million pounds to 30 million pounds of uranium oxide after adding the Plumbush deposit.

Alligator will pay an initial $500,000 for the option, requiring an additional $6.8 million if exercised within 18 months.

The company planned a drilling programme for the remainder of 2026 to update its resource estimate by early 2027.

Following the announcement, the Alligator Energy share price was down at $0.037.

The company stated that the transaction provides immediate access rights to undertake exploration activities across previously inaccessible ground.

This newly accessible area includes the southern strike extension of the Blackbush mineralisation.

Alligator Energy expands uranium resource to 30Mlbs

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