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Ribbon cut at Four Mile uranium mine

Ribbon cut at Four Mile uranium mine

Photo by Bloomberg

26th June 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – South Australian Premier Jay Weatherill this week officially opened the Four Mile uranium mine, which started commissioning in March this year.

The Four Mile project has a resource of about 9.8-million tonnes, grading 0.44% uranium oxide (U3O8) for 32 000 t, or 71-million pounds of U3O8.

The project, which is 75% held by Quasar Resources and 25%-owned by ASX-listed Alliance Resources, was expected to produce about 2.12-million pounds of U3O8.

Some 1.6-million pounds of U3O8 would be produced during 2014.

“This is one of the most substantial uranium discoveries anywhere in the world in the past 25 years,” Weatherill said.

“Following on from the successful mining method of the nearby Beverley and Beverley North deposits, the new Four Mile Mine represents another important chapter in continuing uranium mining in this world-class region.”

The initial stage of mining operations will collect information and assess mining conditions of the Four Mile East section of the deposit, while the joint venturers make use of existing capabilities and minimise environmental disturbance by processing the resource at the nearby Beverley facilities.

To date, some A$120-million has been invested in the project.

Edited by System Author

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