The Beverley Four Mile uranium project in South Australia has nearly doubled its known resources as it approaches start up in seven months.
Alliance Resources has announced, as expected, an increase in known resources to 28,000 tonnes of U3O8, at relatively high grade (average 0.35%). This is JORC-compliant inferred resource category. Four Mile consists of two orebodies about two kilometres apart, and both remain open, with potential for further resource upgrade. There are three mineralised layers between 190 and 210 metres deep, ranging from 1.1 to 7.3 metres thick and with grades up to 1.74% U3O8.
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