| Risk and valuation analysis of the FOUR MILE Project |
| Status Risk : Feasibility |
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| Title(s) of the FOUR MILE Project |
 | Heathgate Resources Pty Ltd
Interest: 75% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | Alliance Resources Ltd.
Interest: 25% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| The project is a joint venture with Quasar Resources Pty Ltd (75%). AGS is free carried through exploration. Quasar is an affiliate of Heathgate Resources, owner and operator of the adjacent Beverley uranium mine - Australia's third uranium mine and the only in situ leach mine. Heathgate is the Australian affiliate of US company General Atomics. |
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| Location of the FOUR MILE Project |
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The Four Mile Uranium Project is located 550km north of Adelaide in South Australia. The project contains the Four Mile uranium discovery.
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| History of the FOUR MILE Project |
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The Four Mile uranium deposit was discovered in 2005.
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| Geology of the FOUR MILE Project |
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The Four Mile uranium deposit, discovered in 2005, is a sandstone-hosted occurrence defined by two mineralised zones within Tertiary age sediments: Four Mile West and Four Mile East, which occur within laterally extensive, reduced sands and silty sands below the water table at 140 to 210m depth.
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