Oman Projects
Since 2009-10, Alara has been exploring opportunities in the Middle East, focusing on the exploration, development and production of Base Metals.
Alara is working on a pipeline of projects to keep us a viable company for the long-term, with a focus on sustainable economic, environmental, and social responsibilities in the countries we work with. Our presence in Oman will have a material impact on the development and growth of the local economy, and by providing many opportunities for local communities and businesses.
With our ongoing work in Oman, Alara now holds a significant position in the country’s mining sector. Over the years, we have become pioneers in the country by building strong partnerships with various government and private sectors. With the grant of the first Mining Licence for the Wash-hi Majaza copper deposit, Alara became the first foreign investor company to receive a licence to set up a copper mine and concentrator plant in the country. Working closely with the ISFU (Implementation Support & Follow up Unit), the Company played a significant role in streamlining policies and processes for licencing and other statutory requirements of the mining industry. Alara has been consistent with carrying out mineral exploration under the standards and guidelines of the JORC Codes and has maintained a high degree of transparency in what we do. Whilst there have been challenges working through these requirements, our close relationships and valuable partnerships within the sectors as well as a supportive and cohesive leadership team have enabled us to work through them and obtain the licences required to establish and develop an Australian-led mining project.
Since 2010, utilising state of the art exploration and evaluation techniques over its >1,000km2 area in five JV exploration licences, the Company has conducted airborne and multiple ground geophysical surveys, over 20kms of drilling by multiple methods, several thousand geochemical analyses, as well as JORC-compliant resource estimations and studies leading to feasibility studies undertaken for the Wash-hi and Daris East resources. We are now in a strong position in Oman with our primary Washi-hi Majaza Copper-Gold Project having received licences, approval, and funding to move forward into construction of the Company’s first working mine.
After a year of the global pandemic, with its supply chain disruptions, race for PPE, testing kits and vaccines, the critical importance of securing sufficient raw materials in combating society’s problems has never been more in focus. This importance extends to the next greatest challenge of our time: climate change. The critical role copper will play in achieving the Paris climate goals cannot be understated. The global forecasted requirement for copper over the next 10 years is trending upward at rate of ~3% annually. Goldman Sach's research quantifies this demand in a bottom-up model, estimating that by 2030, copper demand from the transition will grow nearly 600% to 5.4Mt in their base case and 900% to 8.7Mt. With the demand and supply gap for copper metal predicted to expand, Alara with its large portfolio of copper, remains in a strong position to provide the forecasted requirements.
Al Hadeetha Project (Wash-hi Majaza Licence)
Commenced |
2012 |
Alara's Interest in JV |
51% |
Commodities |
Copper, Gold |
Exploration Licence |
Valid, 39km2 |
Mining Licence |
Valid, 3km2 |
Stage |
Design and construction |
Project Parameters: |
|
Total pre-production Capex |
US$60 million (including EPC, Project Management, STP & pipeline, power, road, and contingency) |
Mining method |
Open pit, 10.3 years |
Project construction |
15 months |
First production |
Q3 2022 |
Final production |
2032 |
Processing rate |
1 Mtpa |
Average annual concentrate production |
35,000 wet metric tonnes |
Total tonnes copper metal production |
79,297 tonnes |
Total gold ounces |
21,825 ounces |
Unit operating costs |
$31.2/tonne of processed material |
Daris Project
Commenced |
2010 |
Alara's Interest in JV |
50% with option to increase to 70% |
Commodities |
Copper, Gold |
Exploration Licence |
Under renewal, 587km2 |
Mining Licence |
Two applications in process of being granted |
Resources |
Daris East measured and indicated: 240,024 tonnes @2.37% Cu |
Stage |
Design and construction |
Awtad Project
Commenced |
2011 |
Alara's Interest in JV |
10% with option to increase to 70% |
Commodities |
Copper, Gold |
Exploration Licence |
Renewal in progress, 497km2 |
Stage |
Exploration |