Company Profile 1 Beverley Uranium Mine Heathgate Resources Pty Ltd • Affiliate of General Atomics • Established in 1990; based in Adelaide • Owner/Operator of the Beverley & Beverley North mines • Service provider to Quasar Resources Pty Ltd • ~ 5800 km 2 exploration leases & 300 km 2 mining leases • Active explorer since 2002 (sedimentary U focussed) Quasar Resources Pty Ltd • Affiliate of General Atomics • Owner of the Four Mile Mine • >A$1.25 billion invested in operations and exploration for additional resources in the Frome Basin • First ISR production commenced in 2000 (Beverley) • Approximately 155 employees (20% of mine workforce from local Aboriginal communities) Beverley • Discovered in 1969 by Oilmin NL, Transoil NL, & Petromin NL. • A draft EIS was produced in 1982 but plans to mine it by ISR were abandoned in 1983 when Federal Labor Government introduced the three mines policy. • The deposit was sold to Heathgate Pty Ltd, in 1990. • Abandonment of the three mines policy in 1996 made way for Beverley approvals to conclude.
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Company Profile
1
Beverley Uranium Mine
Heathgate Resources Pty Ltd
• Affiliate of General Atomics
• Established in 1990; based in Adelaide
• Owner/Operator of the Beverley & Beverley North mines
• Service provider to Quasar Resources Pty Ltd
• ~ 5800 km2 exploration leases & 300 km2 mining leases
• Active explorer since 2002 (sedimentary U focussed)
Quasar Resources Pty Ltd • Affiliate of General Atomics
• Owner of the Four Mile Mine
• >A$1.25 billion invested in operations and exploration for additional resources in the Frome Basin
• First ISR production commenced in 2000 (Beverley)
• Approximately 155 employees (20% of mine workforce from local Aboriginal communities)
Beverley • Discovered in 1969 by Oilmin NL, Transoil NL, & Petromin NL. • A draft EIS was produced in 1982 but plans to mine it by ISR were abandoned in
1983 when Federal Labor Government introduced the three mines policy. • The deposit was sold to Heathgate Pty Ltd, in 1990. • Abandonment of the three mines policy in 1996 made way for Beverley approvals
to conclude.
Regional Picture – Frome Embayment
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Deposits
5
Four Mile ML Beverley ML
Beverley North ML
Four Mile East Deposit
Pannikan Satellite Plant
Four Mile West Deposit
Beverley Plant
Camp
Powerline
Powerline Road
Booster Pumps
Trunkline
Pepegoona Satellite Plant Four Mile Northeast
Beverley Deposit
<
Map Area
Port Augusta
ADELAIDE
Approximately 550km north of Adelaide
Discovered 2005 Production Q2 2014 - present
Discovered 1969 Production 2000- Dec 2013
Discoveries 2009-2010 Production Q3 2010 – Q1 2014
Discoveries 2009-2010 Production Q3 2010 – Q1 2014
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The ISR Process
• Used since 2000 in the Frome Basin
• ~45% of global U3O8 production
• Lower costs compared to conventional mining
• Typical Recovery ~70% in 12 months
ISR Mining Method
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Picture courtesy of the NRC
For successful ISR mining….
• Ore body must be permeable and water bearing • Ideally is vertically confined (above and below) by
impermeable layers
ISR operations move high volumes of groundwater through networks of production wells, pipe infrastructure, wellhouses and filtration
