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Alara secures 1st mining license for Al Hadeetha copper project

Alara Resources Ltd. said May 22 that it received government approval for the first mining license for the Al Hadeetha copper project in Oman.

The company, together with its joint venture partners, lodged three mining license applications for Al Hadeetha, while it lodged two for the Daris copper project, also in Oman.

The formal presentation of the initial mining license is expected to follow next week.

A 2016 feasibility study for the Al Hadeetha project estimated a net present value of A$37.8 million and an internal rate of return of 21%.