(NewsDirect)
Alligator Energy Ltd (ASX:AGE) CEO Greg Hall tells Proactive ascoping study on Blackbush deposit within the Samphire Project, hasconfirmed the potential for a 'globally competitive' low-costin-situ recovery (ISR) uranium operation. The study supports aproduction estimate of 1 million pounds per annum with a life-of-mineproduction target of 10 million pounds over 12 years from Blackbushdeposit alone. It also put forward a low initial capital expenditureforecast of A$129.3 million, including a significant combinedcontingency and cost escalation allowance of 40%.
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