Alliance Resources
Alliance Resources Limited (ASX: AGS) is an emerging uranium producer whose core asset is a 25% free carried exploration interest in the Four Mile Uranium Project in South Australia.
The Four Mile Uranium Project is west of the Beverley Mine and is perhaps the highest-grade roll-front deposit in the world. The western zone of Four Mile already has an Inferred Resource of 15,000 tonnes (32Mlbs) U3O8.
Alliance Resources reports development schedule delayed for Four Mile uranium project
Tuesday, September 22, 2009
Commissioning of the Four Mile uranium project in South Australia has been delayed until April 2010 or beyond, one of the project’s developers Alliance Resources (ASX: AGS) has notified.
Melbourne-based Alliance told the ASX that its Four Mile joint venture partner and the project’s manager Quasar Resources advised that it had been unable to begin on-site construction as the Four Mile mining lease had not yet been granted.
The mining lease approval by PIRSA was pending registration of the Native Title Mining Agreement covering the proposed Four Mile uranium mine.
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