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The latest update is out from Alara Resources ( (AU:AUQ) ).
Alara Resources Limited has announced an update on its Block 8 exploration project in Oman, where it is conducting a maiden reconnaissance diamond core drilling program. The program, set to begin on September 15, 2025, aims to test targets identified through recent gravity surveys conducted by Power Arabia, a technical team of Power Metal Resources. The surveys revealed two significant gravimetric anomalies, AM1 and AM2, which suggest potential massive sulphide mineralization. This advancement marks a critical phase in the exploration efforts, with Alara expressing commitment to increasing its stake in the joint venture and pursuing further copper discoveries in the region.
More about Alara Resources
Alara Resources Limited is a base and precious metals producer and explorer with projects in Oman. The company is involved in a joint venture with Awtad Copper LLC and Power Metal Resources plc to explore and develop mineral resources, focusing on copper discoveries in Oman.
Average Trading Volume: 522,935
Technical Sentiment Signal: Buy
Current Market Cap: A$38.55M
For an in-depth examination of AUQ stock, go to TipRanks’ Overview page.