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Alliance Resources Announces End of Litigation Over Four Mile Uranium Project

By Joel ScanlonDec 7 2011

The Four Mile uranium project in South Australia is now expected to get under way despite the long delays. The legal battle which had stopped the mine from progressing is now to be settled out of court nearly two years after legal action was initiated.

The law suit had been brought about by Alliance Resources against its joint venture partner Healthgate. It dealt with the registration of a native title mining agreement. The matter has been adjourned in the South Australian Supreme Court allowing the two parties to come to an out of court settlement.

The US group Healthgate holds 75% of the joint venture and while the terms of the settlement have been kept private the project is now likely to proceed unhindered. The shares of Alliance Resources jumped up by 78% after the news was declared.

The Four Mile uranium project will be South Australia’s fifth uranium mine. It is said to have 71 million pounds of U-308. This is the highest and most profitable grade of uranium in Australia. The mine is going to cost $210 million to develop. Managing director of Alliance Resources, Patrick Mutz is a happy man at the resolution.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Alliance Resources Announces End of Litigation Over Four Mile Uranium Project. AZoMining. Retrieved on November 24, 2024 from https://www.azomining.com/News.aspx?newsID=5546.
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Scanlon, Joel. "Alliance Resources Announces End of Litigation Over Four Mile Uranium Project". AZoMining. 24 November 2024. <https://www.azomining.com/News.aspx?newsID=5546>.
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Scanlon, Joel. 2019. Alliance Resources Announces End of Litigation Over Four Mile Uranium Project. AZoMining, viewed 24 November 2024, https://www.azomining.com/News.aspx?newsID=5546.