Alliance Resources Limited (ASX: AGS) is an emerging uranium and gold producer whose core asset is a 25% free carried exploration interest in the Four Mile Uranium Project in South Australia, where its 75% joint venture partner and project manager, Quasar Resources Pty Ltd, is exploring for uranium and copper-gold. In May 2007, the Joint Venture announced an Inferred Mineral Resource for the Four Mile West Uranium Deposit of 3.9 million tonnes at 0.37% U₃O₈ containing 15,000 tonnes (32 million lbs) of U₃O₈. Quasar is an affiliate of Heathgate Resources Pty Ltd, which owns and operates the Beverley Uranium Mine, located immediately east of the Four Mile Project. Alliance is also developing the Maldon Gold Project in Victoria and exploring for copper-gold at the Warrina Project in South Australia and for copper and base metals near Broken Hill in New South Wales.