AUQ - Alara Resources

Re: AUQ - Alara Uranium

has anyone on comsec got their AUQ holdings? i expect to have some - SRK holder and cheque deposited - but nothing there today....

Re: AUQ - Alara Uranium

Does anyone still hold? I Got some yesterday after thery reported to have found Uranium. Seems to me like thay are going to start an uptrend. Anyone else agree?

I can see this gapping up tomorrow, so long as the DOW is flat or up overnight.

Might grab some near close.

Gringotts Bank said:

I can see this gapping up tomorrow, so long as the DOW is flat or up overnight.

Might grab some near close.

Click to expand...

No posts since 2008. Care to share why you think this? Otherwise its a fairly pointless post.

Thanks

I have no inside info. and I don't own any. Thinking a gap of maybe 2-10c. I have no reasoning, but that's not unusual for my posts!

Only got a miniscule fill last night at 36. Tiny gap, but good day. +11%

Man these guys are busy drilling the **** out of everything.

Announcement out today regarding Washihi Project
http://www.asx.com.au/asxpdf/20120620/pdf/426xxwqgtyk4r9.pdf

Summary
Drilling results confirm the potential for thick mineralisation at high grade from the Washihi Copper-Gold Project in Oman
Result highlights from nine drilling holes totaling 1,615m include:
Ø• 72m @ 1.3% copper, 0.15g/t gold (Hole WH12DD005)
Ø• 18m @ 1.4% copper, 0.21 g/t gold (Hole WH12DD007)
* Drilling results have opened up the potential for thick mineralisation to the north west and south east at depth supporting future Washihi drilling programme
* JORC compliant estimates for the Washihi and Daris East prospects are currently being prepared and Hydrogeological and Environmental Studies are expected to commence in July 2012
* A Scoping Study has also recently commenced for an integrated mining and processing facility supporting the Washihi, Daris and Mullaq prospects

On the 16th May update on Khnaiguiyah Zinc Copper Project
http://www.asx.com.au/asxpdf/20120516/pdf/4268w4fdrhqhpz.pdf

DRILLING HIGHLIGHTS
ZONE 1:
● Hole K1DD12_221 from 24–30.8m: 6.8m at 6.02% Zn; 0.49% Cu
● Hole K1DD12_222 from 63–66m: 3m at 7.51% Zn; 0.95% Cu
● Hole K1DD12_245 from 25.45–34m: 8.55m at 10.91% Zn; 0.19% Cu
including 25.45–28m 2.55m at 21.80% Zn; 0.34% Cu
and 42–47.1m: 5.1m at 10.97% Zn; 0.21% Cu
including 45–46m: 1m at 31.56% Zn; 0.70% Cu
ZONE 2:
● Hole K2DD12_233 from 80.8–86m: 5.2m at 7.15% Zn; 0.14% Cu
● Hole K2DD12_237 from 157–162m: 5m at 8.40% Zn; 0.38% Cu
● Hole K2DD12_239 from 177–188m: 11m at 6.42% Zn; 0.12% Cu
● Hole K2DD12_240 from 91–101m: 10m at 10.90% Zn; 0.31% Cu
ZONE 2 (Copper Rich Zone):
● Hole K2DD12_237 from 164–168m: 4m at 1.09% Cu
● Hole K2DD12_238 from 193.4–203m: 9.6m at 1.47% Cu

ZONE 3:
● Hole K3DD11_037 from 78–82m: 4m at 11.02% Zn; 0.07% Cu
● Hole K3DD11_044 from 187–209.1m: 22.1m at 6.87% Zn; 0.14% Cu
and 214–221m: 7m at 6.69% Zn; 0.65% Cu
● Hole K3DD11_052 from 20–31m: 11m at 5.62% Zn; 0.22% Cu

1st May they provided drilling update for El Quillay Project
http://www.asx.com.au/asxpdf/20120501/pdf/425zj4kpgj6jlt.pdf

Investor presentation here.
http://www.asx.com.au/asxpdf/20120524/pdf/426ftzcfdplmfh.pdf

210.5m shares on issue, 42.6m oppies and should have around $12m in the bank this quarterly.

DFS for its Zinc-Copper project in Saudi Arabia now due in 4 weeks. Draft copy has been received.
http://www.asx.com.au/asxpdf/20120710/pdf/427bjfqc16njzv.pdf

How is the cash situation?

Clansman said:

How is the cash situation?

Click to expand...

Using information from the march quarterly should be around $12m

Drilling Update – Khnaiguiyah Zinc-Copper Project


Summary
● Drilling results confirm the presence of significant additional mineralisation to the maiden Khnaiguiyah JORC Resource announced on 21 February 2012
● Result highlights from 25 drill holes totaling 1,339m include:
• 9.0m @ 7.7% zinc and 0.3% copper (Hole K1DD12_255)
• 9.6m @ 7.1% zinc and 0.1% copper (Hole K1DD12_258)
● Drilling results represent a progressive update on Alara’s backlog of drilling conducted since the cut-off date of 22 November 2011 for the JORC Resource estimation
● Drilling results have opened up the potential for thick zinc and copper mineralisation within Zone 1 (KZ1) and Zone 2 (KZ2)
● Alara is continuing infill and step-out drilling to extend mineralisation in Zones 1 and 2 with a view to identifying additional mineralisation

Update - Khnaiguiyah Zinc-Copper Project

Alara Resources announce that its joint venture partner, United Arabian Mining Company LLC, has received confirmation from the Presidency of Meteorology and Environment in Saudi Arabia of the grant of approvals for construction and mining operations at the Khnaiguiyah Zinc-Copper Project. The approvals require the commencement of construction within one year.

Commenting on the receipt of environmental approval, Alara’s Managing Director, Shanker Madan said: “The receipt of environmental approval ticks another important box in the ongoing advancement of the Project”.

Alara also refers to its announcement dated 10 July 2012 in relation to its Definitive Feasibility Study for the Project (the “Study”), in which it advised the receipt of a draft report on the Study. Alara has reviewed the draft report and identified a number of significant components and outstanding issues that require further work to deliver a final Study to the satisfaction of the Company.

Alara estimates that this process is expected to be completed in the December 2012 quarter. Commenting on the progress of the Study, Shanker Madan said: ”Whilst a considerable amount of work has been undertaken, the Study work to date has identified a number of trade-off opportunities which the Company is exploring to add value to the Project.”

Substantial Copper Discovery - Washihi Project in Oman :

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01325615

Alara Resources moving north this morning after announcing that it has received mining approvals for its Al Hadeetha Copper Project from the Public Authority for Mining in Oman.

After largely range trading between 1c and 3c for three years, AUQ looks like it might finally be ready to make a break towards 4c.

Mining activities have commenced in Oman copper gold project.

1st incidental ore due 2nd qtr. '22 and mining placed to start towards annual production of 900K tonnes the end by the end of the year.

May 29, 2024 -
The product was shipped from Alara’s Wash-hi Majazza mine, but the size of the consignment is notable.

Just over 1,000 wet metric tonnes were sent in 42 sea containers to Oman’s Sohar Port, where they were then shipped to China under an existing agreement with Trafigura.