South Australian production still slated to begin during early 2010

摘要

ALTHOUGH IT HAS 12.4 million dollars in the bank, Alliance Resources Ltd is now on the capital trail to fund its 22 million dollars share of the Four Mile uranium project in South Australia. The total capex for Four Mile is 90 million dollars and forecast production costs, including royalties, are expected to reach 38.80 dollars/pound uranium. Speaking at the recent RIU Sydney Resources Round-Up Conference in New South Wales, Alliance general manager Steve Johnston said production from the operation was still slated for January next year.