Alligator Energy (AGE) Noosa Mining Investor Conference summary

Project overview and strategy

• Focus on de-risking the Samphire Uranium project near Whyalla through pilot trials, utilizing in situ recovery mining methods.

• Recent capital raise of AUD 17 million brings cash reserves to AUD 30 million, supporting studies over the next 6–12 months.

• Project located near Whyalla, benefiting from strong infrastructure, skilled workforce, and proximity to iron and steel industries.

• Experienced management and technical team with extensive uranium and ISR expertise, supporting project execution and stakeholder engagement.

• Management emphasizes de-risking through staged development and regulatory engagement.

Technical progress and field trials

• Field Recovery Trial to de-risk the project is scheduled for Q4 this year to Q1 next year, with a modular plant ready for on-site construction pending final approvals.

• Field Recovery Trial (FRT) to run for approximately three months, providing key data for the Definitive Feasibility Study and supporting a Mining Lease Application in 2H 2025.

• Plant for FRT fully fabricated and ready for on-site construction, with Whyalla-based contractor selected.

• Pilot plant infrastructure will be available for future satellite field testing, including at Plumbush.

• Experienced ISR and hydrogeological team assembled, leveraging expertise from similar projects.

Resource and exploration updates

• Blackbush deposit supports 18 million pounds resource (14.2Mlbs Indicated, 3.8Mlbs Inferred) for startup mining, with staged expansion potential.

• Plumbush deposit holds 2–3 million pounds, with further drilling required to define resource.

• The broader tenement package could host 14–75 million pounds of uranium, with only 30% drill-tested and 72% of prospective areas untested.

• Scoping study (Dec 2023) indicates 12-year mine life at 1.2 million pounds per annum, with potential to increase production rate to 1.5 million pounds per annum in DFS.

• Big Lake Uranium Project in SA shows promising results from inaugural drilling, with follow-up delayed by weather and further exploration planned.