ASX ANNOUNCEMENT
10 December 2014 ASX Code: AGS
FOUR MILE PRODUCTION STATUS
Alliance Resources Ltd (Alliance) is pleased to report the following Four Mile production of uranium concentrate:
Period
|
Production (lbs)
|
October 2014
|
204,8241
|
November 2014
|
179,7161
|
Total since commencement of mining
|
1,510,0162
|
1. Quasar Resources Pty Ltd's (Quasar) estimates and may be subject to revision
2. Alliance's estimate based on Quasar's monthly estimates.
All numbers represent 100% of production from Four Mile.
Alliance Craton Explorer Pty Ltd estimates its share of production from Four Mile since commencement of mining to 30 November 2014, being 25% of total production, as 377,504 lbs with an estimated value of
$17.17 million (assuming a uranium price of US$37.75/lb and 1 AUD = 0.83 USD), excluding royalties, convertor fees (if any), transportation costs and tax.
Steve Johnston
Managing Director
The Four Mile Uranium Project area is located 550 kilometres north of Adelaide in South Australia. Alliance's
100% owned subsidiary, Alliance Craton Explorer Pty Ltd is the registered holder of 25% of ML6402 and
EL5017. Quasar Resources Pty Ltd is the registered holder of 75% and acts as the manager of the Project.
Suite 3, 51-55 City Road
Southbank, VIC, 3006
P +61 3 9697 9090 F +61 3 9697 9091 [email protected] www.allianceresources.com.au ABN 38 063 293 336