Alligator Energy Ltd · ASX:AGE
Alligator Energy — Investor Presentation (October 2019)
34 slides from Alligator Energy's investor presentation, Oct 16, 2019
Slide 1: Big Lake Uranium: Targeting Sandstone Hosted Uranium in the Cooper Basin
For personal use only Big Lake Uranium: Targeting Sandstone Hosted Uranium in the Cooper Basin, South Australia ALLIGATOR BIG LAKE 16 October 2019 ENERGY Uranium
Slide 2: Disclaimer and CP
Disclaimer and CP 2 Disclaimer For personal use only This presentation contains projections and forward looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations i
Slide 3: AGE to farm in and acquire Big Lake Uranium in South Australia
AGE to farm in and acquire Big Lake Uranium in South 3 Australia Targeting projects with economics that can continue through low price cycles For personal use only • Big Lake Uranium (BLU) Pty. Ltd. is a private Australian company targeting sandstone hosted uranium in the Moomba Gas Fields, South Au
Slide 4: Why both BLU and AGE very interested in region and concept
For personal use only Why both BLU and AGE very interested in region and concept 4 SA jurisdiction – existing uranium deposits and production, Government and public familiarity, regulator experience and uranium concentrate logistics Shallow sandstone hosted deposits - In Situ Recovery (ISR) – deposi
Slide 5: Additional key drivers
Additional key drivers 5 ISR deposits are proven sustainable uranium producers For personal use only Over 50% of the worlds uranium production is from ISR operations – they continue to be profitable through low uranium price cycles (Source WNA website) In 2018 production was as follows: Method tonne
Slide 6: South Australian jurisdiction
South Australian jurisdiction 6 South Australia is host to 80% of the country’s uranium and the worlds largest For personal use only deposit Host to three of Australia’s four producing mines Port Adelaide, one of only two ports in Australia authorised for uranium export Fertile basement rocks - Olym
Slide 7: Shallow sandstone deposits – ease of exploration
Shallow sandstone deposits – ease of exploration7 A well understood uranium model untested in this area For personal use only Four Mile Search Space Big Lake Search Space Oxidised groundwater carries soluble uranium, which infiltrates aquifers and meet with reduced horizons. Such horizons contain hy
Slide 8: Primary U source - Big Lake Granodiorite
Primary U source - Big Lake Granodiorite 8 Geothermal well THE COOPER BASIN IS For personal use only UNDERLAIN BY ‘HOT’ GRANITIC Innamincka ROCKS RICH IN URANIUM The source of a continental-scale heat anomaly and geothermal energy
Slide 9: Uranium endowment – Major Palaeodrainage system
Uranium endowment – Major Palaeodrainage system 9 Uranium rich detritus present in paleochannels For personal use only Mechanical transport of U-rich detritus in paleochannels suggested in Geoscience Australia study by Skirrow (2009) Merrimelia Fm and Tirrawarra Sandstone comprised of rock fragments
Slide 10: Ridges Control sedimentation and large scale U migration
Ridges Control sedimentation and large scale U migration 10 South Australian For personal use only sandstone U deposits spatially linked to structural ridges Physical control on paleo- topography, drainage patterns and sedimentation Control on major U Oban paleochannels systems that host all known U
Slide 11: Concept model - Murteree Ridge Basement High
Concept model - Murteree Ridge Basement High 11 Understanding basement palaeo-topography critical for exploration For personal use only COOPER BASIN STRUCTURE Cooper Basin Regional Section A’ Major Ridge Depth to Basement Target Area Proterozoic Basement Basement High Source of U A The Cooper Basin
Slide 12: Proprietary Isopach Model Informs Area Selection
Proprietary Isopach Model Informs Area Selection 12 Tenement selection For personal use only NAMBA CLAY ISOPACH MAP optimised to cover all Depth to base (m) major channels & basin 0 to 300m Historic petroleum well irregularities modelled from petroleum well Interpreted hydraulic pathway data Big Lak
Slide 13: Concept model - Anomalies Typical of 'Distal' Oxidised Tails
Concept model - Anomalies Typical of ‘Distal’ Oxidised Tails 13 Existing gamma anomalies typical of roll front uranium oxidised tails For personal use only Current level of observation Target down hydraulic gradient from known gamma anomalies. Depths ranges from 30 to 75m
Slide 14: Uranium in Cooper basin - Historic Drilling
Uranium in Cooper basin - Historic Drilling 14 Presence of uranium confirmed within the system For personal use only Limited uranium exploration. In 2009 TC Development Corp commenced initial uranium exploration in joint venture with Crescent Gold (CRE). This included RAB drilling of over 100 holes,
Slide 15: South Australian jurisdiction: Simple access with good infrastructure
South Australian jurisdiction 15 Simple access with good For personal use only infrastructure Access to the region is already established with Moomba servicing the Oil and Gas industry. Two major roads provide access from the South and East into Moomba. Track access to the majority of the tenement i
Slide 16: BLU Tenement Outline
For personal use only BLU Tenement Outline 16 One exploration license EL6367 “Big Lake” granted for 2yrs, expiring 21/07/2021 and covers an area of 818km², near the SA, NSW QLD border.
Slide 17: Exploration program for rapid testing
Exploration program for rapid testing 17 A well defined cost effective simple exploration program with a clear outcome For personal use only Delineate palaeochannels • Reprocessing open-file 3D seismic to determine best detail and location of paleochannel (Q4 2019) • Targeted airborne EM ground pass
Slide 18: Proposed deal
Proposed deal 18 A low entry cost with ability to acquire 100% of a new uranium exploration For personal use only project AGE Big Lake Uranium purchase proposal: Upon Agreement signing - $10k in cash to vendors of BLU and 3,000,000 AGE shares placed to Taylor Collison as facilitation shares based on
Slide 19: Uranium and Nuclear market update
Uranium and Nuclear market update 19 Sixth successive annual increase in nuclear power generation For personal use only
Slide 20: Uranium and Nuclear market update
Uranium and Nuclear market update 20 Acceleration in construction in Asia, Eastern Europe and Russia For personal use only Source: World Nuclear Association and IAEA Power Reactor Information Service (PRIS)
Slide 21: Uranium and Nuclear Market update
For personal use only Uranium and Nuclear Market update 21 During 5 years, between 2016 and 2020 there are due to be: • 46 new reactors online 14 in 2016 & 2017 13 in 2018 & 2019 so far 19 in remaining 2019 and 2020 • Based on 20 different designs • Built in 11 countries • 2 are newcomer countries •
Slide 22: Uranium and Nuclear Market update
Uranium and Nuclear Market update 22 First increase in capacity projection in past eight years For personal use only Source: World Nuclear Association and IAEA Power Reactor Information Service (PRIS)
Slide 23: Uranium and Nuclear Market update
Uranium and Nuclear Market update 23 Uranium Production & Consumption in 2018 For personal use only Source: World Nuclear Association and IAEA Power Reactor Information Service (PRIS)
Slide 24: Uranium and Nuclear Market update
Uranium and Nuclear Market update 24 Scenarios for uranium supply-demand For personal use only Source: World Nuclear Association and IAEA Power Reactor Information Service (PRIS)
Slide 25: For personal use only
For personal use only Greg Hall – CEO Mike Meintjes – Company Secretary +61 7 3852-4712 gh@alligatorenergy.com.au mm@alligatorenergy.com.au www.alligatorenergy.com.au ALLIGATOR BIG LAKE ENERGY Uranium
Slide 26: Cautionary Statement
For personal use only Cautionary Statement 26 • The Exploration Results by TC Development have not been reported in accordance with the JORC Code 2012; • A Competent Person has not done sufficient work to disclose the exploration results in accordance with the JORC Code 2012; • It is possible that f
Slide 27: JORC Code, 2012 Edition – Table
JORC Code, 2012 Edition – Table 1 27 Section 1 Sampling Techniques and Data For personal use only Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random • Historic samples were collected by TC development staff during 2008 and chips, o
Slide 28: JORC Code, 2012 Edition – Table (Continued)
JORC Code, 2012 Edition – Table 1 (Continued) 28 Drill sample recovery • Method of recording and assessing core and chip sample • Diamond coring has provided good and uncontaminated samples of recoveries and results assessed. mineralised zones for detailed geological and mineralogical analysis. For
Slide 29: JORC Code, 2012 Edition – Table (Continued)
JORC Code, 2012 Edition – Table 1 (Continued) 29 Quality of assay data and • The nature, quality and appropriateness of the assaying and • Assays were selected based on estimated U3O8 determinations from For personal use only laboratory tests laboratory procedures used and whether the technique is c
Slide 30: JORC Code, 2012 Edition – Table (Continued)
JORC Code, 2012 Edition – Table 1 (Continued) 30 Orientation of data • Whether the orientation of sampling achieves • TC development samples are of an exploration nature and For personal use only in relation to unbiased sampling of possible structures and follow up gamma anomalies in and around hist
Slide 31: JORC Code, 2012 Edition – Table (Continued)
JORC Code, 2012 Edition – Table 1 (Continued) 31 Exploration done by other • Acknowledgment and appraisal of exploration by other • Significant historic Oil and Gas exploration has been conducted within the For personal use only parties parties. Cooper Basin and remains ongoing. Limited downhole gam
Slide 32: Appendix – Drilling collars within EL6367
Appendix 1 – Drilling collars within EL6367 32 Hole ID Easting Northing Elevation Dip Azimuth Maxdepth Type BL081 432507 6879585 32.57 -90 0 122Rotary - Mud For personal use only BL075 434233 6880492 35.26 -90 0 122Rotary - Mud BL074 434189 6880482 34.92 -90 0 116Rotary - Mud BL069 435409 6880750 32
Slide 33: Appendix – Drilling collars within EL6367 Cont.
Appendix 1 – Drilling collars within EL6367 Cont.33 Hole ID Easting Northing Elevation Dip Azimuth Maxdepth Type D002 399434 6862689 26.99 -90 0 192Rotary - Mud For personal use only D001 399298 6862510 26.53 -90 0 168Rotary - Mud BL064 435207 6880388 32.48 -90 0 126Rotary - Mud BL063 435077 6880742
Slide 34: Appendix – Drilling collars within EL6367 Cont.
Appendix 1 – Drilling collars within EL6367 Cont.34 Hole ID Easting Northing Elevation Dip Azimuth Maxdepth Type D030 394140 6867549 38.38 -90 0 150Rotary - Mud For personal use only D029 394013 6867437 28.74 -90 0 150Rotary - Mud D027 394237 6867459 28.55 -90 0 204Rotary - Mud D026 392262 6866845 2
Alligator Energy — Investor Presentation (October 2019) on 6ix