 formed in 1990, is the owner and operator of the Beverley Uranium Mine in northern South Australia. Beverley is Australia's third uranium mine and Australia's only operating In Situ Leach mine.
Beverley is the most advanced In Situ Leach mine in the world and plays a significant role in South Australia's resource development industry, providing:
- employment opportunities;
- royalty payments to the State and Aboriginal communities; and
- fuel for greenhouse friendly power generation.
Beverley is a $100 million investment with export income of approximately $70 million per annum and rising. The company directly employs over 100 people with over 350 jobs indirectly created in the South Australian community. Royalties to State and Aboriginal communities are in the order of $3.4 million per annum along with $23 million per annum to regional and state businesses/suppliers.
With consumer demand for electricity expected to double by the middle of the 21st century, and with nuclear power plants producing no greenhouse gas emissions, nuclear energy represents the only way to produce significant amounts of base load power without contributing to global warming.
According to the Uranium Information Centre, currently 17 percent of the world's electricity is generated by nuclear power stations.
Against this background, the Beverley uranium mine in the far north of South Australia is playing a valuable role in meeting the growing demand for uranium for nuclear fuel.
From the outset, Heathgate Resources has been committed to developing and operating Beverley as a model In Situ Leach mine. The Beverley mine has a low environmental impact while producing benefits for the world through the supply of uranium for peaceful purposes as well as for South Australia, through initial investment and, now, through long-term, full-time employment and royalty income.
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