Alliance Resources Ltd.

Published : June 17th, 2014

17-Jun-2014 Four Mile Project Proposed Sale

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Keywords :   Australia | Chile | Copper | Gold | Lead | Market | Recovery | Uranium |

17-Jun-2014 Four Mile Project Proposed Sale

ASX ANNOUNCEMENT

17 June 2014

ALLIANCE RESOURCES LTD ASX: AGS

ABN: 38 063 293 336

Market Cap: A$68 M (A$0.20)

Shares on issue: 341,172,309

Cash: $19.8 M (31 Mar 2014)

Principal Office:

Suite 3, 51-55 City Road

Southbank Victoria 3006

AUSTRALIA

Tel: +61 3 9697 9090

Fax: +61 3 9697 9091

Email:

[email protected]

Web:

www.allianceresources.com.au

Projects:

Four Mile (25%): uranium

East Frome: copper, base- metals

Cabeza de Vaca, Chile:

copper-gold

Share Registry: Computershare Investor Services

GPO Box 2975

Melbourne Victoria 3001

AUSTRALIA

Tel: 1300 850 505

Fax: +61 3 9473 2500

PROPOSED SALE OF ALLIANCE'S 25% INTEREST

IN THE FOUR MILE URANIUM PROJECT


The Board of Directors of Alliance has appointed Deloitte Corporate Finance to lead a global marketing process for the sale of its 25% interest in the Four Mile Uranium Project ("Four Mile").
This will free up funds to enable Alliance to further explore and expand its exploration portfolio, including but not limited to, in Australia and Chile.
Any sale will be subject to shareholder approval, consent from Itochu Corporation and Quasar Resources Pty Ltd not exercising its pre- emptive right.
For and on behalf of the Board.

Steve Johnston

Managing Director

About Alliance Resources Limited

Alliance Resources is an ASX listed resources company (ASX Code: AGS) with uranium and copper-gold assets. The Company's main asset is 25% equity in the Four Mile Uranium Project, located 550 kilometres north of Adelaide in South Australia, which has the potential to be one of the largest and highest grade in-situ recovery uranium mines in the world. Production at Four Mile began on 14 April 2014, with first uranium sales scheduled for Q3 2014.

About Deloitte Corporate Finance

Deloitte Corporate Finance is a highly specialised team of M&A and corporate finance professionals. The sale process is being led by Jeremy Cooper (+61 3 9671 7663, [email protected]) and Xander Alpherts (+61 3 9671 7669, [email protected]).

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Australia | Chile | All
Gold and Silver Prices for these countries : Australia | Chile | All

Alliance Resources Ltd.

DEVELOPMENT STAGE
CODE : AGS.AX
ISIN : AU000000AGS2
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Alliance Res. is a gold development stage company based in Australia.

Alliance Res. develops gold and uranium in Australia, and holds various exploration projects in Australia.

Its main asset in development is FOUR MILE in Australia and its main exploration properties are WARRINA, EAST FROME and MALDON in Australia.

Alliance Res. is listed in Australia. Its market capitalisation is AU$ 18.3 millions as of today (US$ 13.2 millions, € 12.9 millions).

Its stock quote reached its highest recent level on February 24, 2012 at AU$ 0.62, and its lowest recent point on October 21, 2016 at AU$ 0.01.

Alliance Res. has 104 290 000 shares outstanding.

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Corporate Presentations of Alliance Resources Ltd.
5/18/2011Company Presentation
Annual reports of Alliance Resources Ltd.
2010 Annual Report
Financings of Alliance Resources Ltd.
9/16/2016Return of Capital
Financials of Alliance Resources Ltd.
10/27/2011First Quarter Activity and Cashflow Report - 30 Sept 2011
8/1/2011Fourth Quarter Activity and Cashflow Report _ 30 June 2011
7/30/2010Fourth Quarter Activity & Cashflow Report - 30 June 2010
Project news of Alliance Resources Ltd.
9/23/2016Tyranna and Alliance Resources form Strategic Joint Venture
12/8/2011(Warrina)Warrina Copper-Gold Project - MT Survey Completed
12/5/2011(Four Mile)Four Mile Project NTMA Litigation Adjourned
11/16/2011(Warrina)WarrinaCopper-Gold Project - MT Survey Commences
5/31/2011(Four Mile)FOUR MILE – NATIVE TITLE LITIGATION
4/18/2011(Four Mile)FOUR MILE URANIUM PROJECT OPTIMISATION STUDY
11/8/2010(Maldon)Maldon Gold Project
9/22/2010(Maldon)Maldon Gold Project
7/28/2010(Four Mile)Four Mile Uranium Project - Final Scoping Study
7/12/2010(Four Mile)Four Mile Uranium Project Scoping Study Results
5/19/2008(Four Mile) South Australian Premier Puts Weight Behind Four Mile Proje...
1/31/2008(Four Mile)Boosted by Further High-Grade Uranium Results at Four Mile E...
1/30/2008(Four Mile) Announces 30-47Mlb Uranium Exploration Target at Four Mile ...
Corporate news of Alliance Resources Ltd.
7/26/201627-Jul-2016 Change in substantial holding from ZER
7/13/201613-Jul-2016 Bogan Gate West Gold-Base Metal Project NSW
5/26/201626-May-2016 Unmarketable Parcel Share Sale Facility
11/27/201527-Nov-2015 Results of AGM 2015
11/24/201525-Nov-2015 Alliance Applies for New Nickel Tenements, WA
10/26/201527-Oct-2015 Option to Purchase Mantos Tenements
10/14/201515-Oct-2015 Change of Director's Interest Notice
10/9/20159-Oct-2015 Update - Return of Capital - AGS
9/18/201518-Sep-2015 Four Mile Project - Completion of Sale to Quasar
9/11/201511-Sep-2015 Results of Meeting
9/11/201511-Sep-2015 Company Presentation - EGM
8/11/201511-Aug-2015 Notice of General Meeting/Proxy Form
7/14/201514-Jul-2015 Four Mile Project - Sale to Quasar Resources
4/27/201527-Apr-2015 3rd Quarter Activity and Cashflow Report - 31 Ma...
4/22/201522-Apr-2015 Four Mile Project Drilling Update
3/31/201531-Mar-2015 Trial Date Change
3/20/201520-Mar-2015 Amended Announcement Exploration Target Four Mil...
3/16/201516-Mar-2015 Half Yearly Report and Accounts
3/3/20154-Mar-2015 Final Placement Of Shortfall and Appendix 3B
2/23/201524-Feb-2015 Four Mile Northeast Exploration Target Update
12/29/201429-Dec-2014 ITOCHU Does Not Convert Deferred Share Rights
12/16/201416-Dec-2014 Lodgement of Supplementary Prospectus
12/10/201410-Dec-2014 Four Mile - Production Status
12/8/20148-Dec-2014 Loan Facility and Cash Call Payment
12/2/20143-Dec-2014 Letter to Overseas Shareholders regarding Rights ...
12/2/20143-Dec-2014 Letter to Shareholders regarding Rights Issue
12/1/20142-Dec-2014 Non-renounceable Rights Issue to Raise up to $4.9...
11/28/201428-Nov-2014 Change in Substantial Holding for ORS
11/26/201426-Nov-2014 Results of AGM 2014
11/26/201426-Nov-2014 Clarification to MDs Company Presentation AGM 20...
11/25/201425-Nov-2014 Four Mile - Update to Announcement dated 20 Nove...
11/18/201418-Nov-2014 Suspension Of Four Mile Sale Process
6/17/201417-Jun-2014 Four Mile Project Proposed Sale
3/27/201428-Mar-2014 Four Mile Project Commissioning
11/30/2011Appendix 3Y and Appendix 3B-Issue of Unlisted Options to MD
11/10/2011AGM 2011 - Results of Meeting - 10 November 2011
11/10/2011AGM 2011 - Chairman's Address to Shareholders
11/10/20112011 AGM Presentation by the MD Mr Steve Johnston
10/28/2011Company Presentation - Mining 2011 Brisbane
10/7/2011Notice of Annual General Meeting/Proxy Form
7/25/2011Sth Aus Government Announcement of Arkaroola Protection Area
6/22/2011Jordan
6/15/2011Arabs Today Article
5/18/2011Legal Proceedings Update
12/22/2010Maldon Sale Completion
11/25/2010AGM 2010 Results of Meeting 25 November 2010
11/25/2010AGM 2010 Chairman's Address to Shareholders
11/24/20102010 AGM Presentation by Mr Steve Johnston
8/19/2010Resignation of Non Executive Director
7/12/2010Federal Court Action
10/22/2009Notice of Annual General Meeting/Proxy form
10/9/2009Bell Potter - Company Update
4/29/2008Delivers Uranium Exploration Success
4/28/2008Boosted as Four Mile JV Gears Up for Mining Lease Applicatio...
2/26/2008BMO Capital Markets Metals and Mining Conf Presentation
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