Alara Resources Ltd is pleased to report that all eight government approvals for mining at the Al Hadeetha Copper Project have been received by the Public Authority for Mining in Oman. Further to the recent Tanfeedh mining labs, the company received confirmation that all eight Government approvals have been received and the Public Authority for Mining is in the process of issuing Al Hadeetha Resources LLC (AHRL) a mining licence.

“Some licencing conditions may still be discussed, but confirmation correspondence gives no indication that major delays are to be expected. AHRL is proceeding with ancillary work to set up a new core yard and storage facilities near the site.” Two EPC bidders have been shortlisted. AHRL is ready to issue the EPC contract as soon

as final agreement is reached.

The company and its joint venture partner are also finalising financing terms based on LOIs renewed last year. The Al Hadeetha Copper Project is underpinned by construction of a 1 Mt/y copper concentration plant over an initial 10-year mine life. The Project is set to become the next producer of copper concentrate in the Sultanate of Oman, with several other copper projects following closely. This increase in copper activity is reflective of the Sultanate’s

economic diversification strategy, combined with higher copper prices supported by increased electrification and growing global supply deficits.

The history of copper production in the eastern Arabian Peninsula (present day Oman) dates back millennia. The region was one of the biggest producers and exporters of copper for centuries during the Islamic Period. Today, copper is again set to play an important role in the Sultanate’s growing economy.