Alligator Energy (ASX:AGE) has intersected uranium mineralisation south of the known extent of the Blackbush deposit at Samphire after a ~300-hole drilling campaign that began in mid-July, extending the mineralised trend onto the Mullaquana Crown Lease by a further 600 metres.

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The FY27 program is part of the company’s Samphire growth strategy, which is focused on expanding mineral resources and supporting feasibility work. The work is also adding data in areas that have not been drilled for years, which matters for how much of the resource can be classified with greater confidence in the next technical update.

Key higher-grade intersections from the latest Blackbush results include hole BBRM26-482, which returned five metres at 0.13% (1,299 ppm) eU3O8 from 63.6 metres, and BBRM26-484, which yielded 2.4 metres at 0.20% (2,025 ppm) eU3O8 from 61 metres. Other notable intercepts included BBRM26-472 and BBRM26-479.

At the same time, Alligator has begun infill drilling at Plumbush to test the five-kilometre Blackbush-Plumbush corridor and convert the inferred Plumbush resource to the “indicated” category in Samphire’s feasibility study.

The company said this is the first drilling at Plumbush since CY11, building on historical intersections previously reported by UraniumSA.

Alligator CEO and managing director Andrea Marsland-Smith said, “these early results are an encouraging start to our Samphire growth program and demonstrate the strategic importance of securing access to the Mullaquana Crown Lease.”

“Intersecting uranium mineralisation approximately 600 metres further south of previous drilling expands the area available for systematic evaluation, while the closer-spaced work within Plumbush is strengthening the geological dataset for the Feasibility Study. The team has moved quickly from securing access to having two rigs operating to advance this program at pace,” she said.

Elsewhere, Alligator completed 108 delineation holes within the existing Blackbush Mineral Resource area on 25-metre by 25-metre spacing. The company told shareholders the results “align closely with the current resource model, providing increased technical confidence for detailed mine planning.”

HotCopper understands the explorer has now switched to continuous day-shift drilling, using two rigs to complete the program in Q4. The data will feed into the planned Samphire Mineral Resource update in Q1/Q2 CY27 and the ongoing Feasibility Study, making the current campaign a key input into the next stage of technical work rather than a standalone drilling program.

AGE opened at 5.2 cents per share and has risen 126% this year.

Disclaimer: This content has been prepared as part of a partnership with Alligator Energy Ltd and is intended for informational purposes only. The material in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions.