At the Adelaide Uranium Conference in March - 22/23
Steve Johnson stated :
..."The company suggested that the current deposit has a 3m - 9m thickness and commences at 140m at its shallowest point below surface and is at 210m below surface at its deepest point. Given these attributes the company indicated that at current prices and the +1% U3O8 grades an open pit would not be unfeasible, insitu leaching is also a well tried technology currently being adopted at Beverley. Alliance highlighted that the 4 Mile East deposit was very leachable and would also extend the resources and mine life. While not stating a resource figure Alliance indicated that a figure within the 44,000t – 52,000t band would not be unexpected. The resource when it is finally released will only represent some 20% of the mineralized area.".....
They shouldn't have hyped up investors!
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
