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Market happy to wait on Alligator as ‘milestone’ recovery plant install gets underway at Samphire
The Market Online· 2025-11-03 23:48
Core Insights - Alligator Energy has initiated the installation of its in-situ recovery pilot plant at the Samphire Uranium Project, moving closer to a Field Recovery Trial on-site [1][3] - The company has completed earthmoving and bund installation, and has also finished drilling recovery well patterns in areas A and B [2][3] - Alligator Energy positions itself as one of the few uranium developers in Australia advancing towards near-term production [3] Company Developments - The pilot plant's arrival and the completion of recovery well patterns are significant milestones for the Samphire project [3] - Alligator Energy's shares remain stable at 2.7 cents, with a market capitalization of $119 million and a turnover of $47,000 on the day of reporting [4] - The company is currently focused on advancing the Samphire project alongside the Definitive Feasibility Study and mining lease approvals [5] Market Context - Despite the positive developments, the ASX market showed little reaction, indicating potential investors may be waiting for further progress [4] - The company emphasizes the unique opportunity presented by the Samphire project to deliver a low-cost, low-impact ISR uranium operation amid rising global demand for clean energy [5]