Alligator Energy (AGE) H2 2024 earnings summary

Executive summary

• Advanced Samphire Uranium Project with increased resource confidence and improved project economics, including a 21% rise in Indicated Mineral Resource and a 69% increase in post-tax NPV to A$257M at Blackbush.

• Significant new uranium discovery at Big Lake Project post year-end, confirming ISR amenable mineralisation.

• Strong cash position of $28.4M following successful capital raisings totaling $29.1M.

• Expanded exploration at Nabarlek North with promising uranium intersections and ongoing geophysical surveys.

• Strategic investment in EnviroCopper Ltd, expanding ISR expertise into copper.

Financial highlights

• Net loss before tax of $3.45M (2023: $2.86M), mainly due to increased employee costs, share-based payments, and an impairment provision for the Piedmont Project.

• Cash and cash equivalents at year-end: $28.4M (2023: $18.5M).

• Net assets increased to $65.85M (2023: $41.44M) due to equity raisings and project investments.

• No dividends declared or paid.

Outlook and guidance

• Field Recovery Trial at Samphire planned for early 2025, pending regulatory approvals.

• Continued drilling and resource expansion at Blackbush and Big Lake, with a resource upgrade targeted by January 2025.

• Ongoing evaluation of further uranium and energy mineral opportunities and staged investment in EnviroCopper.

• Aim to become a profitable long-term uranium producer by 2030, producing 1–2 Mlb p.a.