Liquidity Boost and Asset Sale Position Alligator Energy for Uranium Development Risks
Alligator Energy has completed its Samphire pilot plant on time and under budget, setting the stage for a critical Field Recovery Trial in early 2026. The company also divested non-core Northern Territory assets to sharpen its focus and strengthen liquidity for its South Australian uranium projects.
- Samphire pilot plant construction completed on schedule and under budget
- Field Recovery Trial set to commence early 2026 with initial results expected March quarter
- Divestment of Northern Territory uranium tenements for $7.5 million to improve liquidity
- Big Lake drilling program planned for March 2026, weather permitting
- Board strengthened with appointment of experienced non-executive director
Pilot Plant Completion Marks a Milestone
Alligator Energy has successfully completed the construction of its Samphire pilot plant near Whyalla, South Australia, delivering the project on time and under budget. This achievement transitions the company into the final commissioning phase, with the Field Recovery Trial (FRT) scheduled to begin in early 2026. The trial is designed to validate in situ recovery parameters and generate critical data to support future development decisions and feasibility studies.
CEO Andrea Marsland-Smith highlighted the significance of this phase, noting that initial recovery results are anticipated during the March 2026 quarter. These results will provide a clearer picture of the project’s viability and underpin mining lease approvals, positioning Alligator Energy closer to becoming Australia’s next uranium producer.
Strategic Divestment Enhances Focus and Liquidity
In a decisive portfolio rationalisation, Alligator Energy divested its non-core Northern Territory uranium assets to DevEx Resources Limited for $7.5 million. This move not only strengthens the company’s liquidity but also allows management to concentrate resources and capital on its South Australian projects, particularly Samphire and Big Lake.
Up to $2 million of the sale consideration will be received in DevEx shares, maintaining some exposure to the divested tenements. The divestment is expected to reduce operational complexity and cash burn, enabling accelerated work programs at Samphire, including further drilling and feasibility activities.
Big Lake Project Drilling to Resume
Exploration at the Big Lake Uranium Project continues to show promise, with previous drilling intersecting significant uranium grades within thick sand units. Although access was limited in 2025 due to flooding, planning is now advanced for a revised drilling program targeted to commence in the March 2026 quarter, weather permitting. This drilling aims to refine the project’s scale and potential, contributing to a disciplined growth strategy.
Board Strengthening Supports Development Transition
To support its evolution from explorer to developer, Alligator Energy appointed Daniel Lougher, former MD and CEO of Western Areas and St Barbara, as a Non-Executive Director. His extensive experience is expected to enhance the board’s capability as the company advances multiple workstreams, including permitting, resource estimation, and feasibility studies.
With a strong cash position of A$20.6 million at quarter-end and a simplified asset portfolio, Alligator Energy is well positioned to execute its strategy. The company is targeting a Bankable Feasibility Study completion by early 2027, a critical step toward commercial uranium production.
Bottom Line?
As Alligator Energy moves into operational trials and sharpens its strategic focus, the coming quarters will be pivotal in defining its path to uranium production.
Questions in the middle?
- How will initial Field Recovery Trial results influence the timeline for mining lease approvals?
- What impact will the DevEx Resources shareholding have on Alligator Energy’s exposure to divested assets?
- How might weather and operational challenges affect the planned drilling program at Big Lake?
