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Mineweb – URANIUM – Market malaise fails to budge Alliance Resources despite high grade uranium hits

Market malaise fails to budge Alliance Resources despite high grade uranium hits
The Four Mile uranium project in South Australia, already ranked as the best new uranium discovery in Australia this year, failed to provide share price impetus for its junior partner despite the spectacular nature of the new intersections. MineWeb : Ross Louthean , 08 Dec 2008 PERTH -……………..the price stagnation reflects how tough times have hit Australia’s uranium juniors………….The project sits within the shadow of the Flinders Ranges, 550 kilometres north of Adelaide, and is being brought into production by Alliance’s 75% partner Quasar Resources, an affiliate of Heathgate Resources which runs the Beverley in situ recovery (ISR) uranium mine only 8 km away. Heathgate in turn is controlled by the big American conglomerate General Atomics.

Mineweb – URANIUM – Market malaise fails to budge Alliance Resources despite high grade uranium hits

December 9, 2008 - Posted by Christina Macpherson | Uncategorized