The budget plan, dissented by Alliance Craton Explorer but failed to prevent the joint venture from moving ahead with the plan.
The budget has been earmarked to produce 2.64 million pounds of uranium concentrates (UOC) and a cash expenditure of $107.75m, of which Alliance is expected to provide $26.93m.
It also includes cash operating costs of $31.83 per lb UOC produced with development costs of $8.99 per lb UOC produced.
Alliance Craton Explorer has raised concerns over Quasar’s plan to stockpile all Four Mile production from the 2014 and 2015 program and budget.
The Four Mile project is estimated to produce 1.39 million pounds of UOC by the end of this month.
Alliance is looking to sell its 25% stake in project.
Located 550km north of Adelaide, the Four Mile project is a joint venture of Alliance Resources and Quasar Resources, which owns 75% of the mine. It was commissioned in March and was opened in June.
