Alara Resources Ltd. on Dec. 15 announced a maiden ore reserve estimate for its Al Hadeetha copper-gold project in Oman of 9.7 million tonnes at 0.88% copper and 0.22 g/t of gold in the probable category, at a 0.3% copper cutoff.
The estimate is based on the mineral resource announced in September, with indicated and inferred resources of 16.1 million tonnes at 0.87% copper and 0.22 g/t of gold, at a 0.25% copper cutoff.
The project will be operated by Al Hadeetha Resources LLC, a joint venture between Alara subsidiary Alara Oman Operations Pty. Ltd. and privately owned Omani company Al Hadeetha Investments LLC.