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Alligator Energy Ltd (ASX:AGE) Half- Year Financial Report - 31 December 2020
Half- Year Financial Report - 31 December 2020Brisbane, Mar 15, 2021 AEST (ABN Newswire) - The principal activities of Alligator Energy Ltd (
ASX:AGE) are uranium and other energy minerals exploration.
In October 2020 Alligator completed the acquisition of the Samphire Uranium Project in South Australia and commenced desktop studies focusing on mineral processing and exploration potential. In addition the Company continued to maintain its uranium projects in the Alligator Rivers Uranium Province in good standing.
Following approval from Shareholders at an EGM held on 1 October 2020, Alligator completed the acquisition of the Samphire Uranium Project. The purchase consideration of 679,561,608 fully paid ordinary AGE shares was in-specie distributed to eligible Samphire shareholders. The Project acquisition represents a significant value step in the current market for both groups of shareholde
2021 Capital Expenditures
In 2021, the Company expects to start the construction of the Almas greenfield project, to develop a pre-feasibility study for the Matupa project and to further expand production capacity at Aranzazu, which, along with sustaining and exploration capital expenditures, will reach a total between US$93 million and US$104 million.
The table below shows the breakdown of capital expenditures by type of investment:
Aura believes its properties have strong geological potential and management’s objective is to expand life of mine across its business units. Therefore, in 2021, Aura plans to invest a total of US$24 million to US$28 million which includes:
Alligator Energy Ltd (ASX:AGE) Very Encouraging Desktop Study Findings & Exploration Review
Very Encouraging Desktop Study Findings & Exploration ReviewBrisbane, Dec 16, 2020 AEST (ABN Newswire) - Alligator Energy (
ASX:AGE) is pleased to announce results from an initial Samphire Project desktop study commissioned through Inception Consulting Engineers (ICE). A full review of the exploration potential has also been conducted by AGE s internal exploration team highlighting resource expansion potential and extensive targets throughout the tenement which are yet to be tested.
Samphire DeskTop Study Findings:
ICE s Desktop Study - Processing Review and Opportunities of the newly acquired Samphire project in SA has highlighted the following positive findings: