ASX ANNOUNCEMENT
17 June 2014
ALLIANCE RESOURCES LTD ASX: AGS
ABN: 38 063 293 336
Market Cap: A$68 M (A$0.20)
Shares on issue: 341,172,309
Cash: $19.8 M (31 Mar 2014)
Principal Office:
Suite 3, 51-55 City Road
Southbank Victoria 3006
AUSTRALIA
Tel: +61 3 9697 9090
Fax: +61 3 9697 9091
Email:
[email protected]
Web:
www.allianceresources.com.au
Projects:
Four Mile (25%): uranium
East Frome: copper, base- metals
Cabeza de Vaca, Chile:
copper-gold
Share Registry: Computershare Investor Services
GPO Box 2975
Melbourne Victoria 3001
AUSTRALIA
Tel: 1300 850 505
Fax: +61 3 9473 2500
PROPOSED SALE OF ALLIANCE'S 25% INTEREST
IN THE FOUR MILE URANIUM PROJECT
The Board of Directors of Alliance has appointed Deloitte Corporate Finance to lead a global marketing process for the sale of its 25% interest in the Four Mile Uranium Project ("Four Mile").
This will free up funds to enable Alliance to further explore and expand its exploration portfolio, including but not limited to, in Australia and Chile.
Any sale will be subject to shareholder approval, consent from Itochu Corporation and Quasar Resources Pty Ltd not exercising its pre- emptive right.
For and on behalf of the Board.
Steve Johnston
Managing Director
About Alliance Resources Limited
Alliance Resources is an ASX listed resources company (ASX Code: AGS) with uranium and copper-gold assets. The Company's main asset is 25% equity in the Four Mile Uranium Project, located 550 kilometres north of Adelaide in South Australia, which has the potential to be one of the largest and highest grade in-situ recovery uranium mines in the world. Production at Four Mile began on 14 April 2014, with first uranium sales scheduled for Q3 2014.
About Deloitte Corporate Finance
Deloitte Corporate Finance is a highly specialised team of M&A and corporate finance professionals. The sale process is being led by Jeremy Cooper (+61 3 9671 7663, [email protected]) and Xander Alpherts (+61 3 9671 7669, [email protected]).