AGS 0.00% 17.5¢ alliance resources limited

Sorry - meant to paste the article:Mining company seeks mining...

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    Sorry - meant to paste the article:

    Mining company seeks mining lease extension

    The company that runs the Beverley uranium mine in northern South Australia has applied to extend the mine's operations for at least 20 years.

    Heathgate Resources says a new mining lease will secure jobs and uranium exploration for decades.

    Currently 120 people work full-time at the site.

    The mine says it has also asked to enter into a new agreement with the local native title claimants.

    Richard Phillips from Heathgate Resources says federal and state governments will need to approve the application.

    "Drilling over the past year or so has shown that the ore bodies move outside the current mining lease," he said.

    "So to access the uranium in those ore bodies we need to extend the lease."
 
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