PERTH (miningweekly.com) – The feasibility study into the Al Hadeetha copper/gold project, in Oman, has estimated that the project could deliver about 34 000 t/y of concentrate production.
ASX-listed Alara Resources reported on Monday that the project could start production as early as the third quarter of 2017, and would have a mine life of more than ten years.
The Al Hadeetha project would require a capital investment of A$49.39-million, but could deliver revenues of A$586.5-million over its mine life, with the net present value estimated at A$37.8-million and the internal rate of return at 21%.
Alara stated that there was potential to further expand the existing resource base, which could double the total resource of the project.
The Al Hadeetha project is a joint venture between Alara and privately held Al Hadeetha Investment Services.
Edited by: Creamer Media Reporter
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