Ann: Phase Two Drilling Program Commences at Samphire, page-2

Alligator Energy Limited ASX: AGE (Alligator or the Company) is pleased to advise that phase two of the drilling program announced on 19 November 2021 has commenced at the Samphire Uranium project, 20kms south of Whyalla, South Australia. This phase covers rotary mud drilling and downhole geophysical logging. Key points on the drilling program include:• Drilling of up to 42 drillholes within higher grade zones of the Blackbush deposit (refer infill drilling area, Figure 1).• Hole locations have been planned to acquire high quality downhole geophysical data where historical drilling needs supporting, and to complement data collected (and still under laboratory analysis) in the recently completed sonic core drilling program (phase 1).• Uranium grade will be measured using Prompt Fission Neutron (PFN) and gamma probes to acquire further information for increased confidence level in the re-estimation of a JORC compliant resource at Blackbush and to tie in the historical resource data from previous drilling.• As logging data is gathered and evaluated during this drilling phase, some hole locations may change based on requirements aimed at overall improved resource confidence.• As further assay results from sonic core drillholes are received, they will be evaluated along with results obtained from this rotary mud program and announced to the market.Greg Hall, Alligator CEO, said: “The Samphire team under the guidance of our new COO Andrea Marsland-Smith has worked rapidly to get this drilling program and the associated working requirements underway. A downhole logging rig with all required instruments is onsite and has been initially logging the previous cored holes. As we receive additional assay data from the sonic drilling, along with this new down hole data, we will take the necessary steps to perform correlations and evaluations with historical information with the objective of increasing confidence levels in our Blackbush resource.”