Alliance continues Four Mile fight

摘要

Legal arguments between South Australian Alliance Resources (25%) and its partner in the Four Mile uranium project Quasar Resources (75%) will be heard in Adelaide next month as the parties try to sort out their issues over Alliance's flagship project. Four Mile has an indicated and inferred mineral resource estimate of 9.8 million tonnes at 0.33% uranium oxide containing 32,000 tonnes of contained uranium, and offers long-term production potential, but the partners risk losing their 10-year mining lease if production does not start by February 2014.