Washihi-Mullaq-Al Ajal Copper-Gold
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[1]
Table 2 - Gossan Hill Mineralisation - Gold[2]
Notes
1. 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.
[1] Refer to 19 September 2016 ASX Announcement: 5.55MT Increase in indicated resource for the Al Haddeetha Copper-gold Project in Oman
[2] Refer Alara’s 19 September 2016 ASX Announcement
Geology and Mineralisation
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).
JORC Competent Person Statement
The information in this report that relates to JORC Resources in relation to the Al Hadeetha Copper-Gold Project (Oman) is based on, and fairly represents, information and supporting documentation prepared by Mr Ravi Sharma, who is a Chartered Member of The Australasian Institute of Mining and Metallurgy. Mr Sharma is an independent consultant to Alara Resources Limited. Mr Sharma has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking to qualify as a Competent Person as defined in the JORC Code, 2012 edition. Mr Sharma approves and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This includes Mineral resource table and content related to data verification, QAQC, sample preparation and Mineral resource methodology and classification in JORC Table 1.
