A $110 million mine said to be one of the most significant uranium deposits in the world discovered in the last 25 years will soon start operating, confirming South Australia’s position as the nation’s uranium capital.
The State's Mineral Resources and Energy Minister, Tom Koutsantonis , said that all required approvals were now in place for the final commissioning and start-up of the Four Mile Uranium Mine in South Australia’s north . Production is anticipated to begin during the second quarter of the year.
“The Government’s Plan for Accelerating Exploration (PACE) – played a key role in the discovery of the resource at Four Mile.
“The government has achieved international recognition through the success of our PACE programs, which have led to new discoveries and new mines over the past decade. Combined with our world-leading regulatory environment, we have been there to assist industry to invest, grow and create jobs.”
Four Mile is located 550 kilometres north of Adelaide and adjacent to the Beverley Uranium Mine.
The mine is a Joint Venture comprising Quasar Resources Pty Ltd and Alliance Craton Explorer Pty Ltd. Heathgate Resources has been appointed by the Joint Venture as the mining operator of Four Mile.
Four Mile will provide on-going employment in the remote part of South Australia for about 200 people, including contractors.
The government’s approval of a Program for Environment Protection and Rehabilitation (PEPR) follows the granting in 2012 of a 10-year mining lease for Four Mile.
Mr Koutsantonis said the stringent environment program followed detailed and extensive consultation between the Joint Venture, DMITRE and the Environment Protection Authority.