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).

 

AUQ Washihi CuAu

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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