Washihi Copper-Gold Project Exploration Update slide image

Washihi Copper-Gold Project Exploration Update

Attributes - Country & Historical Work Country • • • • • • • Tax -20% Corporate (nil personal tax rate) Royalties - nil SIDF-75% debt available at sub-LIBOR rates with long 10 year tenure (Saudi Industrial Development Fund) - Ownership 100% permitted Profits & Capital - 100% repatriation. Nil import duties for CAPEX Tenure certainty - exploration to mining - Roads bitumen highway & road to mine gate Power - 33KVA power line to site Water - 15km to aquifer (low salinity) Fuel <US$0.09/L (diesel) Two hours from Riyadh on the Riyadh-Jeddah Highway 2 Historical Work - Khnaiguiyah Project² • • • • Drilling 45,000m drilled via 345 holes - Mining - 2 deep shafts sunk for bulk testing Metallurgy - testing by BRGM & independent consultants Feasibility studies - by independent consultants (incorporating pit design work & financial modelling) Alara resources Alara ASX market announcement dated 5 October 2010 and entitled "Project Acquisition - Khnaiguiyah Zinc Copper Project in Saudi Arabia" BRGM Geoscientists 1993, Khnaiguiyah Zinc-Copper deposit - pre-feasibility study - 1,2 and 3, Saudi Arabian Directorate General of Mineral Resources Technical Report BRGM TR 13- 4, 651p, 209 figs, 171 tables, 78 appendices and 23 photo plates O Alara Resources Limited www.alararesources.com 10
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