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Alara Resources ( (AU:AUQ) ) has shared an announcement.
Alara Resources Limited has been awarded a mining license for the Daris 3A5 prospect, part of the Daris Copper-Gold Project in Oman. This milestone reinforces Alara’s growth strategy and leadership in Oman’s mining sector. The license, granted after extensive approvals and negotiations, allows Alara to proceed with its second copper mining operation in the region. The Daris 3A5 prospect has shown high-grade copper mineralization, and further exploration will determine its economic viability.
More about Alara Resources
Alara Resources Limited is a base and precious metals producer and explorer with projects primarily located in Oman. The company focuses on copper and gold mining, aiming to strengthen its position in the rapidly evolving mining sector in Oman.
Average Trading Volume: 481,807
Technical Sentiment Signal: Hold
Current Market Cap: A$28.11M
For a thorough assessment of AUQ stock, go to TipRanks’ Stock Analysis page.