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Alara Resources Ltd.
Summary
| Project: | Al Hadeetha | |
|---|---|---|
| Deposit: | Washihi | |
| Location: | Oman | |
| Commodities: | Copper-Gold | |
| Date: | 12/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-12-2016: Alara Resources Ltd. announces a Resource Estimation report for its Washihi deposit at the Al Hadeetha project. Initial ore reserve declared for project. Perth: Australian-based minerals exploration and development company Alara Resources Limi | |
| Resources: | (Reserve, Prob.): 9.7Mt @ 0.88% Cu, 0.22g/t Au at Washihi | |
| CP/QP: | [Resources]: Ravi Sharma (Independent) | |
| ABSTRACT: | Perth: Australian-based minerals exploration and development company Alara Resources Limited (ASX: AUQ) (Alara) is pleased to announce its maiden Ore Reserve estimate for the Al Hadeetha Copper-Gold Project (the Project) located in the Sultanate of Oman. Commenting on the maiden Ore Reserve, Managing Director, Justin Richard said: “Following the upgrade of the Washihi copper-gold resource statement in September, and in light of recent feedback from the Mining Authority, Alara are pleased to confirm an Ore Reserve for the Al Hadeetha Copper-Gold Project, underpinning a 1 Mtpa copper concentration plant over an initial 10-year mine life.” The Al Hadeetha Copper-Gold Project is located approximately 120 km south-west of the capital city Muscat, in the Sultanate of Oman. The Project will be operated by Al Hadeetha Resources LLC (AHR) which is a joint venture between Alara Oman Operations Pty Ltd (wholly owned subsidiary of Alara Resources Ltd) and Al Hadeetha Investments LLC, a privately owned Omani company. The joint venture was formed in 2011 for the purpose of exploring and developing the mineral zones within the Washihi, Al Ajal and Mullaq licence areas. The Project includes three (3) exploration licences (i.e. Washihi, Mullaq and Al Ajal) and entails development of the Washihi deposit by means of a single open pit mine and 1 Mtpa processing facility to produce copper concentrates for export to overseas and/or domestic smelters. | |
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