Daris Copper Project

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Quick Facts

Muscat, Oman

Location

Copper, Gold

Resource

423,389 MT

Reserves

2.37% grade (sulfides)

Quality

Development

Phase

Location

Related Government

Geology

The Daris Project is in the Semail Ophiolite belt in Northern Oman that extends over 800km. Oman Mining Company has previously produced and mine 14 million tonnes of copper at 1-2% copper from open-cut mines at their Lasail, Arja and Baida mines from the same belt. The area has the potential to host substantial copper mineralisation. Alara identified a number of potential targets in addition to those previously drilled in the project area on a reconnaissance basis by the Government or consultants on its behalf. Drilling to date has identified the possibility of high-grade oxide and sulphide mineralisation at shallow depths in two separate high-grade pods.

Project Owner

Alara’s Joint Venture partner for the Daris Project is represented by Al Tamman Trading Establishment LLC (ATTE). ATTE is a wholly-owned subsidiary of Muscat Overseas Group, a prominent business entity in Oman affiliated to the royal family, having management rights for the country’s largest bank in Muscat. ATTE establishments in Oman also comprise oil field services, real estate and mining. As a mining group, ATTE is one of the largest chromite and manganese producers in Oman. It started its operation of producing chrome ore in 2007. Alara also has joint venture interests in five copper-gold deposits located within four Exploration Licences in Oman extending over 692km2. These deposits are also covered by 5 Mining Licence applications pending grant, totalling ~9km2.

Project Status

Mineralisation has been confirmed by Alara drilling at the following two prospects:
Daris East prospect: 21 rotary and 40 diamond core holes have been drilled to date, totaling 5,146m to test shallow oxide mineralization and to locate massive sulfide and stringer zones beneath the oxide cap; and Daris 3A-5 prospect (located ~10 kilometers north-west of Daris East): 10 diamond core holes have been drilled to date, totaling 857m to test shallow sulfide mineralization around a known gossan.

Available Data

Feasibility Study Infrastructure: There is a paved highway and modern copper extraction facilities nearby in Sohar.

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