Alliance Resources Limited (ASX Code: AGS) is an Australian gold and base metals exploration company with projects in South Australia, Western Australia and New South Wales.
Alliance listed on the Australian Stock Exchange in 1994 after raising the funds to acquire the Victorian gold assets of Triad Minerals N.L. Alliance’s main asset was then the Maldon gold project, which it intermittently operated and explored from 2004 until 2008. The Maldon project was sold in 2010.
Between 2002 and 2015, Alliance was involved in a joint venture, the Four Mile uranium project, in South Australia. Alliance sold its interest in Four Mile in 2015 for $73.975 million and returned approximately $58.4 million to shareholders as capital returns.
In 2016, Alliance entered into an agreement with Tyranna Resources Limited to acquire 51% equity in the Wilcherry Project in the mineral rich Gawler Craton, South Australia for $2 million. The Wilcherry Project is the Company’s flagship project.
Alliance also has 100% owned projects for nickel and gold at Nepean South and Gundockerta South in Western Australia and projects for gold and/or base metals at Bogan Gate West and Garema in New South Wales.