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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX: AGS
News: Latest news
Web Site: Alliance Resources
Other Articles: 16-10-200922-09-200915-07-2009

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Alliance Resources

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.  Its 75% joint venture partner and project manager is Quasar Resources Pty Ltd.  Quasar Resources Pty Ltd, is an affiliate of Heathgate Resources Pty Ltd, which owns and operates the Beverley uranium mine, located 8 km southeast of the Four Mile uranium discovery.


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 ( 32M lbs) U3O8. Estimation of resources in other zones is continuing.


Alliance is also developing the Maldon Gold Project in Victoria

Tuesday, September 22, 2009

Alliance Resources reports development schedule delayed for Four Mile uranium project

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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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