(via NewsDirect)
Alligator Energy Ltd (ASX:AGE) CEO Greg Hall tells Proactive a scoping study on Blackbush deposit within the Samphire Project, has confirmed the potential for a 'globally competitive' low-cost in-situ recovery (ISR) uranium operation. The study supports a production estimate of 1 million pounds per annum with a life-of-mine production target of 10 million pounds over 12 years from Blackbush deposit alone. It also put forward a low initial capital expenditure forecast of A$129.3 million, including a significant combined contingency and cost escalation allowance of 40%.
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Proactive Investors
Jonathan Jackson
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Jonathan@proactiveinvestors.com
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