Alligator putting together BFS that will form ‘critical foundation’ for Samphire plans long into future

Core Insights - Alligator Energy has initiated a bankable feasibility study (BFS) for the Samphire Uranium Project, which is expected to be completed in the first half of CY27, serving as a critical foundation for future project decisions [1][4]. Project Development - The commencement of the BFS is seen as a significant milestone for the Samphire project, indicating steady progress through key development phases [2][3]. - The timing is considered ideal as Alligator is nearing the completion of commissioning and will soon begin field recovery trials, which will provide real-world data for the BFS [3]. Objectives and Data Integration - The primary objective of the BFS is to incorporate data from ongoing field recovery trials, including validated operating parameters, recovery performance metrics, and site-specific costs [3][4]. - The BFS will play a crucial role in project execution planning, financing considerations in the late 2020s, and technical de-risking efforts at Samphire [4]. Company Focus and Leadership - The Samphire project is a core component of Alligator's broader uranium portfolio and will be a major focus for the company until early CY27 [5]. - The leadership team responsible for the BFS has prior experience conducting similar studies at other uranium projects, such as the Wiluna and Husab mines [5].