Quasar Resources Will Restart Uranium Mine

Oct. 29, 2012 01:14PM PST

Energy Business Review reported Quasar Resources (ASX:AGS) will restart its uranium mine at the Four Mile deposit in Australia.

Energy Business Review reported Quasar Resources will restart its uranium mine at the Four Mile deposit in Australia.

Alliance Craton Explorer (ACE), a division of Alliance Resources and a minority partner with 25% stake in the project, had voted against the decision.
Quasar has plans to implement its start-up plan comprising an in-situ recovery operation at Four Mile East in Q2 2013 and at Four Mile West in Q4. First uranium sales from the mine are expected in Q3 that year.

Click here to read the full Energy Business Review report.