Field work at the Wash-hi Majaza project in Oman. Source: Alara Resources/Twitter
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Alara Resources (AUQ) completes construction of the accomodation village for its Wash-hi Majaza copper-gold project in Oman
  • The prefabricated accommodation camp has been designed to house 325 personnel from the construction, mining and plant operation crews
  • It has a life of 12 years, two years more than the project life which Alara says provides flexibility if the project is extended
  • Design of the camp took Sharia law into consideration, with suitable facilities available for prayer and appropriate preparation and quality of food
  • Shares have been trading 39.3 per cent higher at 3.9 cents at 1:04 pm AEDT

Alara Resources (AUQ) has completed construction of the accomodation village for its Wash-hi Majaza copper-gold project in Oman.

As the company continues its focus on constructing copper-gold mining and processing facilities at the project, the prefabricated accommodation camp has been designed to house 325 personnel from the construction, mining and plant operation crews.

Once accommodation requirements for the construction crew diminishes, Alara said the camp will be progressively retrofitted to house permanent mine and processing facility staff.

The new village has a minimum life of 12 years which is above the estimated project life of just over ten years, providing flexibility if the company decides to extend the duration of the project.

With regard to Sharia law, the camp includes suitable facilities for prayer, as well as for the appropriate preparation and quality of food.

To mark the official inauguration of the village, Alara orchestrated a ceremony including ribbon and cake cutting as well as a luncheon with senior shareholder representatives, engineering and admin team members, delegates from Bank Sohar International, Progesys and Al Hadeetha Resources staff.

With the ongoing challenges of COVID-19, Alara Managing Director Atmavireshwar Sthapak said the inauguration was a fantastic achievement by all involved.

“Their concerted efforts mean the Project’s copper-gold mining-processing facility should be completed before the end of calendar 2022,” Mr Sthapak said.

“We look forward to providing investors with additional procurement and construction updates over coming months, as we get ever closer to that exciting day when Alara moves from being an explorer/developer to a metals producer.”

Shares were trading 39.3 per cent higher at 3.9 cents at 1:04 pm AEDT.

AUQ by the numbers
More From The Market Herald
Pure Hydrogen (ASX:PH2) - Managing Director, Scott Brown

" Pure Hydrogen (ASX:PH2) and Advik to establish hydrogen ecosystem in India

Pure Hydrogen (ASX:PH2) will form a joint venture with Indian-based automotive components manufacturer Advik Hi-Tech.
Adveritas (ASX:AV1) - CEO, Matthew Ratty

" Adveritas (ASX:AV1) achieves first TrafficGuard sale through Google Cloud Marketplace

Software company Adveritas (ASX:AV1) has made the first sale of TrafficGuard through the Google Cloud Marketplace.

" Etherstack (ASX:ESK) launches Narrowband Waveform product for NATO members

Etherstack (ASX:ESK) launches its NATO Narrowband Waveform standard waveform software for use by NATO member nations…

" Woodside Petroleum (ASX:WPL) makes official name change

Woodside Petroleum (ASX:WPL) has changed its name to Woodside Energy Group, effective from Wednesday, May 25.