Alliance Resources Limited
ASX:AGS ISIN:AU000000AGS2
Alliance Resources Limited is a uranium, copper and gold explorer. Alliance has a 25% free carried interest in the Arkaroola Project in South Australia, where its joint venture partner, Quasar Resources Pty Ltd, discovered uranium at the Four Mile prospect in 2005. Quasar is an affiliate of Heathgate Resources Pty Ltd, which owns and operates the Beverley Uranium Mine, located immediately west of the Arkaroola Project. In May 2007, Alliance and Quasar announced an initial Inferred Mineral Resource for the Four Mile West Uranium deposit of 3.9 million tonnes at 0.37% U3O8 containing 15,000 tonnes (32 million lb) of U3O8. Alliance is also developing the Maldon Gold Project in Victoria and exploring for copper-gold at the Warrina Project in South Australia.
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News
US stocks climbed to a 2009 new high on Thursday, as the oil prices surge buoyed energy companies. New York crude oil futures rose more than 3 per cent to a one-year high of US$77.58 a barrel after the government said US gasoline reserves fell sharply last week. The financial and IT stocks retreated over mixed economic data and corporate outlook.
2009 will be an interesting year for Uranium in Western Australia. The change of Government has led to uranium exploration and mining being back in favour but the financial crisis has led to a lack of funds being available for exploration. However the outlook is positive. Uranium usage is tipped to increase with China and India leading the way and Japan also active in the sector.
Resource Capital Research ("RCR"), an equity research company which focuses on small and mid size resource companies, today launched its major quarterly research report covering 16 global uranium exploration and development companies.
The Directors of Alliance Resources Limited ("Alliance") (ASX: AGS) are pleased to announce that a new gold lode has been discovered at its 100%-owned Maldon Gold Project in central Victoria some 140 metres west of the current decline.
The Directors of Alliance Resources Limited ("Alliance") (ASX Code: AGS) are pleased to announce an update for the Maldon Gold Project in Victoria.
The Directors of Alliance Resources Limited ("Alliance") (ASX: AGS) are pleased to announce an exploration update provided by joint venture partner and operator Quasar Resources Pty Ltd ("Quasar") at the Arkaroola Project in South Australia.
Alliance Resources has been advised by Quasar that the mineral resource estimate for the high-grade part of Four Mile West, originally scheduled for completion in the December quarter, has been re-scheduled to early in the new year due to a delay in receiving further chemical analyses from ANSTO and to complete the data verification process.
The Directors of Alliance Resources Limited (ASX: AGS) are pleased to announce an exploration update of drilling results provided by joint venture partner and operator Quasar Resources Pty Ltd ("Quasar") at the Arkaroola Project in South Australia.
The Directors of Alliance Resources Limited (ASX: AGS) are pleased to announce that Stage 1 of the Alliance South underground development contract has been awarded to Deckoss Mining Ltd, which recently completed the underground contract at Mineral Hill in New South Wales. The contract is scheduled to commence in June 2006.
The Directors of Alliance Resources Limited ("Alliance") (ASX: AGS) are pleased to announce an update to the exploration work being undertaken by joint venture partner and operator Quasar Resources Pty Ltd ("Quasar") at the Beverley 4 Mile Uranium Prospect at Arkaroola in S.A.
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