Alliance Resources Limited (ASX Code: AGS) is an Australian gold and base metals exploration company with projects in South Australia and Western Australia.
The Company's flagship asset is the 100% owned Wilcherry Project, South Australia.
On 6 September 2018, the Company announced a Mineral Resource Estimate for the Weednanna Gold Deposit (1.097 Mt @ 5.1 g/t gold for 181,000 oz), part of the Wilcherry Project JV.
The delivery of the maiden Mineral Resource is a significant milestone for the Company and confirms Weednanna as a quality gold deposit with outstanding economic potential.
A Scoping Study has commenced into the commercial viability of establishing a standalone mining and processing facility at Weednanna.
This is the first step towards establishing the Wilcherry Project area as an emerging gold producing district in South Australia.
Alliance also has 100% owned projects which are prospective for gold and nickel at Gundockerta South and Nepean South in Western Australia.