Alligator Energy (AGE) Investor Presentation summary

Project overview and strategy

• Advancing the Samphire Uranium Project in South Australia toward trial production, with a staged, long-life plan and significant expansion potential.

• Field Recovery Trial (FRT) approved and scheduled for early 2026, marking a key step toward full mining lease application and de-risking the project.

• Definitive Feasibility Study (DFS) to consider increased production rates, with full mine approvals targeted after FRT results.

• Big Lake Uranium Project represents a new discovery with significant exploration upside and first-mover advantage in South Australia.

Financials and capital structure

• Market capitalization of $128.5 million as of June 2025, with $30.1 million in cash and a share price of $0.029.

• 4,430.1 million ordinary shares on issue and 460.2 million options outstanding.

• June 2025 share placement raised $16.2 million post-issue costs.

• Institutional investors hold 37.6% and retail investors 35.9% of shares.

Project economics and resource base

• Samphire project hosts 18 Mlbs uranium resource (14.2 Mlbs Indicated, 3.8 Mlbs Inferred) with 12-year mine life at 1.2 Mlbs/year production rate.

• December 2023 Scoping Study at US$75/lb uranium price: A$131m CAPEX, 2.45-year payback, 42% IRR, A$257m NPV8, AISC US$33.31/lb.

• At US$90/lb uranium price: 1.93-year payback, 55% IRR, A$371m NPV8, AISC US$34.06/lb.

• Exploration target outside current resource: 16–37 Mt at 390–903 ppm eU3O8, or 14–75 Mlbs eU3O8, with 72% of prospective area untested.