Projects

Overview

 
 
 

 

Alara has demonstrated its capability as a mineral resource developer. With a completed Definitive Feasibility Study on its flagship Khnaiguiyah Zinc-Copper Project in Saudi Arabia and an advanced and comprehensive Scoping Study for its Daris/Washihi Copper-Gold Project in Oman, the Company is poised to transition to a mine builder and operator.

 

Khnaiguiyah Zinc-Copper Project – Saudi Arabia (50%)

  • Alara's 50% interest held via joint venture company, Khnaiguiyah Mining Company (KMC)
  • Heads of Agreement (HoA) signed with United Arabian Mining Company LLC (Manajem) to increase Alara's interest from 50% to 60% ownership of KMC
  • Located adjacent to bitumen road ~200km west of Riyadh (capital city) near major Riyadh to Jeddah highway
  • Comprises 1 Mining Licence (issued in December 2010 with exclusive 30 year term and no mineral royalties), 2 Exploration Licences (granted, pending renewal) and 5 Exploration Licence applications, totalling ~380km2 pending completion of transfer to KMC
  • JORC Reserves (Proved and Probable) reported to JORC 2004 standard of 26.08Mt at 3.3% Zn and 0.24% Cu
  • 2Mtpa Definitive Feasibility Study (DFS) completed in Q2 2013 with projected US$257M capex, 2.8 year pay-back, A$2.074B Life of Mine (LOM) revenues and A$0.873B LOM EBITDA (at base case Zn/Cu prices)
  • Saudi Industrial Development Fund (SIDF) project financing pending submission - potentially up to 75% of construction costs

See more on the Khnaiguiyah Zinc-Copper project

Daris/Washihi Copper-Gold Project - Oman (50-70%)

Alara has completed a Scoping Study centering on the Washihi prospect with inputs from the Daris, Mullaq and Al Ajal prospects. A revised Advanced Scoping Study has been completed.

Washihi Copper-Gold Project
  • Alara's 70% is held via joint venture company, Al Hadeetha Resources LLC
  • Located ~80-160km east of Alara's Daris Copper-Gold Project and comprises 3 Exploration Licences totalling ~105km2 applications for 3 Mining Licences totalling 5.5km2
  • JORC Resource: Indicated 6.84Mt at 0.90% Cu and .017%g/t Au and 7.27Mt Inferred at 0.71% Cu and 0.20g/t Au


Daris Copper-Gold Project

  • Alara's 50% (with right to 70%+) is held via joint venture company, Daris Resources LLC, which holds the exclusive right to manage, operate and commercially exploit the Exploration Licence.
  • Located ~150km west of Muscat (capital city) and comprises a Mineral Excavation Licence of ~587km2 and applications for 2 Mining Licences totalling 4.5km2
  • JORC Mineral Resource Estimate (Measured and Indicated) of 240Kt sulphide ore at 2.37% Cu and 183Kt oxide ore at 0.72% Cu


 See more on the Daris/Washihi Copper-Gold project