Earnings release
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Alara Resources Quarterly Activities Report September Quarter 2021 ASX Code : AUQ DIRECTORS Stephen Gethin Non - Executive Chairman Atmavireshwar Sthapak Managing Director Vikas Jain Non - Executive Director Sanjeev Kumar Non - Executive Director COMPANY SECRETARY Dinesh Aggarwal CHIEF FINANCIAL OFFICER Dinesh Aggarwal CONTACT DETAILS Suite 1.02 , 110 Erindale Road , Balcatta WA 6021 , Australia PO Box 963 Balcatta WA 6914 Telephone +61 8 9240 4211 +968 2449 2491 www.alararesources.com ABN : 27 122 892 719 Facsimile 30 September 2021 Alara Resources Limited ( ASX : AUQ ) ( ' Alara ' or ' the Company ' ) , a base and precious metals explorer and developer with projects in Oman , is pleased to provide its Quarterly Activities Report for the quarter ended 30 September 2021 ( Q1 FY21 ) along with the following financial and operational update . Key Highlights Al Wash - hi - Majaza Copper - Gold Joint Venture ( JV ) Project : Alara and its partners further progressed the development of its Oman- based Al Wash - hi - Majaza Copper - Gold Project over the September 2021 quarter . - Project construction commenced at Al Wash - hi – Majaza during the reporting period which includes construction of the mining accommodation camp , which is partially completed . - Construction of the Al Wash - hi Majaza Copper - Gold Project is scheduled for completion by late 2022 . A number of equipment and construction purchase orders for the Al Wash - hi - Majaza Copper - Gold Project were placed in the quarter , drawing from the facility from Sohar International Bank ( SIB ) . Existing Definitive Feasibility Study metrics for the Al Wash - hi - Majaza Project are now enhanced by higher current copper prices . Other Projects : Daris Copper - Gold Project ( Oman ) : A petition supporting the Daris east mining licence application is now being reviewed by the Ministry of Energy and Minerals in Oman . Awtad Copper - Gold Project ( Oman ) : Detailed work plans have been submitted to the Ministry of Energy and Minerals for renewal of the exploration licence , which is currently pending . Khnaiguiyah Zinc - Copper Project ( Saudi Arabia ) : An auction for the re - issue of the mining licence for this project is expected to be held in Q2 2022. Alara funded and continues to hold the only bankable feasibility study ( BFS ) for this project .