Alara Resources (ASX: AUQ) is progressing its Washihi and Daris copper-gold projects in Oman with the renewal of exploration licences and the start of heavy media testwork at Washihi.
The Oman Director General of Minerals has confirmed the renewal of the company’s exploration licences and that the Ministry of Commerce and Industry is currently processing the mining licence applications.
In addition, the company has put its Washihi Scoping Study hold pending the outcome of a possible breakthrough in the ore processing circuit for Washihi ore.
It had noted that a heavy media separation circuit could effectively upgrade the Washihi ore grade and has started testwork.
The company is also assessing additional processing options of various forms of leaching and possible toll treatment of ores off site.
Alara has also received investment interest in its Oman assets from both local and international groups.
Seven confidentiality agreements have been executed in order to commence due diligence studies and two firm commercial offers have been received.
The company intends to continue discussions with these parties post completion of the current studies/technical work.
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