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Alligator Energy Hits 55% Uranium Recovery at Samphire Field
The 39/70 pore volume trial validates current wellfield designs. Investors now await the final report due in late April to confirm project scalability.
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Strong Initial Results from Samphire
Alligator Energy has released promising early data from its recovery trial at the Samphire uranium field. The company reported high uranium grades and a recovery rate hitting 55% from 39/70 PV (pore volumes). These figures provide a clear look at how the site might perform once it moves into full production.
Investors tracking the stock market analysis for energy juniors will note these results serve as a validation of the current wellfield design. The trial aims to prove that the extraction methods are efficient enough to justify continued development of the asset.
Trial Performance Metrics
The recovery trial is testing the viability of the Samphire deposit, a project that has become central to the company's growth plans. The data released today highlights the following performance markers:
- 55% recovery rate achieved.
- 39/70 PV (pore volumes) processed during the trial phase.
- Strong uranium grades recorded across the tested areas.
"The initial data provides strong evidence that our wellfield design is working as intended," according to company representatives observing the trial progress.