Beverley: Production and Sales: Production, licensed to reach 1180 t/yr U3O8 equivalent, commenced from the north mineralised zone in November 2000 though no product was drummed until 2001, when production totalled 546 tonnes U3O8. Exports commenced in 2001. Production for 2004 reached 1084 tonnes U3O8 but dropped to 977 tonnes in 2005, 824.6 t in 2006 and 748 tonnes in 2007. In first six months of 2006 it was 362.5 t. Sales contracts are with power utilities in USA. From 2009 production is projected to increase to 1500 t/yr.
There are three operating uranium mines in Australia, Ranger in NT, Olympic Dam. and Beverley in South Australia. A fourth was expected to start operation in 2009: Honeymoon, in South Australia, but a new mine on the Four Mile deposit close to Beverley may be in production before Honeymoon.
AGS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
