Alara Resources Limited (ASX: AUQ) – $0.012
09 Apr 2015
Alara Resources Limited (ASX: AUQ) has received positive outcomes from its re-evaluation of the Advanced Scoping Study for the Washihi Copper-Gold Project in Oman (Figure 1).
Figure 1. Location of company’s exploration licence areas
From the recent Memorandum of Understanding with Mawarid Mining LLC2, the company has re-evaluated mining the Washihi deposit and toll treating the ore at Mawarid Mining’s Lasail Process Plant with a development pathway for the Feasibility Study.
Highlights from the re-evaluation include:
- Processing Washihi ore on site through Heavy Media Separation and then transporting the upgraded ore to the Mawarid Lasail Copper Concentrator Process Plant located in Sohar.
- Final bids have been received for the execution of a Feasibility Study.
- The Feasibility Study will take approximately 6 months to complete followed by an approximate 12-month construction period.
For further information, visit www.alararesources.com
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