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Alara Resources ( (AU:AUQ) ) has provided an update.
Alara Resources Limited has completed a maiden drilling program on the Block 8 concession in Oman, revealing promising copper-dominant VMS mineralisation. The program, part of a joint venture with Power Metal Resources and Awtad Copper LLC, identified significant copper and zinc mineralisation, indicating the potential of the area. The results are seen as a solid foundation for further exploration, with plans for additional trenching and drilling to enhance understanding of the mineralised zones.
The most recent analyst rating on (AU:AUQ) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Alara Resources stock, see the AU:AUQ Stock Forecast page.
More about Alara Resources
Alara Resources Limited is a base and precious metals producer and explorer with projects in Oman. The company focuses on copper-dominant Volcanogenic Massive Sulphide (VMS) mineralisation, particularly in the Block 8 concession in Oman, which is a joint venture with Awtad Copper LLC and Power Metal Resources plc.
Average Trading Volume: 378,055
Technical Sentiment Signal: Sell
Current Market Cap: A$28.11M
For an in-depth examination of AUQ stock, go to TipRanks’ Overview page.