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Licensing delays holding up SA uranium mine: Alliance

Licensing delays holding up SA uranium mine: Alliance

Uranium and gold producer Alliance Resources (ASX:AGS) has delayed construction of its Four Mile uranium mine in South Australia until at least April next year.

Alliance “informed”:http://www.allianceresources.com.au/IRM/Company/ShowPage.aspx?CPID=1316&EID=64874139&PageName=Four%20Mile%20Development%20Schedule%20Update the ASX that joint venture partner Quasar has indicated it is unable to begin on-site construction as it had not yet been granted a mining lease.

According to mining body Primary Industries and Resources SA (PIRSA), the company has yet to submit adequate information for the mine project to be registered under the Native Title Mining Agreement (NTMA).

Both parties are working towards achieving NTMA registration and securing a mining lease, Alliance said.

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