Alara (51%), Al Hadeetha (30%), Al Tasnim (19%) shareholders in Al Hadeetha Resources LLC.
The Al Hadeetha Copper-Gold Project is located approximately 80–160km east and southeast of Alara's Daris Copper-Gold Project and Awtad Copper-Gold Project, and comprises three exploration licences (Washihi-Mazzaza, Mullaq and Al Ajal) and one mining licence (Washihi-Mazzaza) covering a total area of approximately 80km2.
Alara announced a maiden Ore Reserve (9,700,000 ton @ 0.88% Cu and 0.22g per ton Au) at Washihi- Mazzaza on 15 December 2016. This followed an updated JORC Mineral Resource estimate of 12,390,000 ton Indicated Resources (@ 0.89% Cu and 0.22g per ton Au) and Inferred Resource of 3,710,000 ton (@ 0.79% Cu and 0.23g per ton Au).
Table 1 - Washihi JORC Mineral Resources
Notes1. Mineral Resources are not Mineral Reserves. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.2. Mineral Resources reported in accordance with the JORC 2012.3. Resource for Cu-Au is stated @ 0.25 % Cu cut-off grade; the mineral resource for gold in the Gossan hill (outside main ore body) has been stated @ .25 g/t Au.4. Mineral resource tonnages have been rounded to reflect the accuracy of the estimate.5. 1 ounce of Au = 31.1035 grams.
The Washihi Project is located on the Semail Ophiolite belt in Northern Oman that extends over 800km. This belt provides a prospective setting for Cyprus-type VMS copper gold deposits. In the past, the Government-owned Oman Mining Company has produced, mined and treated 14 million tonnes at between 1% to 2% copper from open cut and underground mines at their Lasail, Arja and Baida mines in this belt. More recently, a privately owned Omani company has located a large deposit of copper ~150 km west of the Al Ajal prospect.
Historical drilling has been conducted in all three Al Ajal, Washihi-Mazzaza and Mullaq licence areas to test for the presence of economic grades of copper and or gold mineralisation. This historical drilling, though limited in nature, provides encouraging potential for copper and or gold mineralisation in all three areas. Based on analysis of previous drilling data, Alara believes that the Project areas have the potential to host significant copper-gold mineralisation in addition to the above reserve and resource estimates (which remain open laterally as well as at depth).