Alligator Energy has commenced its 2024 drilling program at the Nabarlek North Project in the Alligator Rivers Uranium Province in the Northern Territory.
The Nabarlek North Project aims to target unconformity-style uranium deposits in the Lower Cahill Formation.
The geological model has been notably successful in the region, with nearby deposits such as Ranger, Jabiluka, and the historic Nabarlek mine located just 10km southwest of the project area.
The planned reverse circulation drilling program will cover between 3,000m to 5,000m at up to ten targeted locations.
Topdrill of Western Australia has been contracted for the drilling, and all necessary approvals, including cultural clearances, have been obtained.
The program will benefit from $100,000 in co-funding from the Northern Territory Government. Laboratory assays and analysis of the drilling results are expected to be completed by November.
"We are very pleased to commence this year's drilling program across an extended area within our Nabarlek North tenure package," stated Greg Hall, CEO of Alligator Energy.
"Along with step-out drilling to follow up on our encouraging 2023 results north of the U40 prospect, we are making some bold but strategic tests of features sharing similarities to some of the known deposits within the Alligator Rivers Uranium Province," Hall added.
The Nabarlek North Project represents a highly prospective and under-explored region within ARUP.
The 2024 program follows two years of extensive geochemical testing, initial targeted reverse circulation drilling, and a high-resolution airborne magnetic and radiometric survey.
The results will be integrated into the Nabarlek North geological model for future exploration initiatives.
At the time of reporting, Alligator Energy’s share price was $0.44.