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$110 million South Australian uranium mine to begin operating this week

Mining & Resources

THE $110 million Four Mile Uranium Mine, located 550km north of Adelaide, is one of the world’s most significant uranium deposits discovered in the last 25 years.

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Tom Koutsantonis, Minister for Mineral Resources and Energy, confirmed that all approvals are in place, with production anticipated to start in the second quarter of the year.

Approval for the project was through the Government’s PACE (Plan for Accelerating Exploration) program, which accelerates approvals through the regulatory process at a faster rate than usual, though still with thorough consultation with DMITRE and the Environmental Protection Authority.

The Four Mile mine is expected to provide employment for 200 people, with around 40 on-site jobs secured for Aboriginal workers.

The project will also generate royalties for both South Australia and the Native Title Holders, which can be reinvested to create further job opportunities.

“Four Mile is yet another example of the Government working with industry to deliver results for South Australia,” the Minister said.

“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,” he said.

The mine is a Joint Venture comprising Quasar Resources Pty Ltd and Alliance Craton Explorer Pty Ltd. Quasar Resources is a wholly-owned subsidiary of Heathgate Resources, which has been appointed by the Joint Venture as the mining operator of Four Mile.

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