Alara Resources (ASX: AUQ) has increased by 30% to 8.53 million tonnes at 0.64% copper the Measured and Indicated Copper Resource at its Khnaiguiyah Zinc-Copper Project in Saudi Arabia.
This follows a 30% increase to 25.33 million tonnes at 4.03% zinc and 0.16% copper for the Measured and Indicated zinc and copper Resource reported earlier this month.
The resource upgrade arose from over 93 additional drill holes in Zone 2 of the project and several thousand metres of new drilling in Zone 1 since the cut-off date (22 November 2011) for determination of the maiden Resource announced in 21 February 2012.
Alara is upgrading the parameters of the Definitive Feasibility Study currently underway to reflect the increase in Khnaiguiyah’s production profile to an annual throughput of 2 million tonnes per annum from 1.5Mtpa.
This increased throughput is likely to result in an increased annualised production profile to about 80,000 tonnes of zinc and 6,000 tonnes of copper.
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