Junior Alliance Resources is emerging from the shadows to become the country's fifth uranium producer. Alliance is 25 per cent owner of the Four Mile project in South Australia, which has applied for permission to carry out field leach trials as an entree to full production.
The Four Mile deposit ticks a number of boxes: it's big and rich, with a current resource of 14,430 tonnes of uranium concentrate and a targeted resource of 50,000 tonnes. The joint venture plans to use the processing facilities of the nearby Beverley mine, which will help keep cash costs down to an estimated $US10 a tonne.
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