Alligator Energy (AGE) Investor presentation summary

Corporate overview and capital structure

• Share price at A$0.047 as of February 11, 2026, with a market cap of A$208.5 million and cash reserves of $20.6 million as of December 31, 2025.

• 4,437 million ordinary shares on issue, with 56% held by institutions and 38% by retail investors.

• Investments include the Samphire Uranium Project, Big Lake ISR-style uranium, and EnviroCopper Ltd.

Samphire Uranium Project development

• Located in South Australia, 20 km from Whyalla, benefiting from strong infrastructure and skilled labor.

• All approvals received for a Field Recovery Trial (FRT); pilot plant constructed on time and under budget.

• Updated scoping study shows A$131m CAPEX, 2.45-year payback, 42% IRR, and A$257m NPV8 at US$75/lb uranium price.

• FRT operations to begin in March 2026, providing key data for BFS and mining lease application.

• Targeting first production in 2030/2031, with plans to grow mining inventory from Blackbush extensions and Plumbush.

Project derisking and technical approach

• Integrating 20 years of ISR technical knowledge and insights from other developers.

• Focus on measured ramp-up, permeability, porosity, and well spacing to ensure sustainable production.

• High proportion of resources in Measured and Indicated categories; resource calculation methods aligned with ISR mineralization.