Alara Dispatches 17th Copper-Gold Concentrate Shipment From Oman Mine; Shares Fall 4%

Alara Resources (ASX:AUQ) dispatched the 17th shipment of copper-gold concentrate from its Al Wash-hi-Majaza mine in Oman on Thursday, according to a Friday filing with the Australian bourse.

The copper-concentrate plant produced 1,277 wet metric tonnes of copper-gold concentrate, containing around 223.6 metric tonnes of copper and 2.9 kilograms of gold in the latest shipping cycle, the filing said.

The mine is operated by the firm's joint venture Al Hadeetha Resources, in which it holds a 51% stake, per the filing.

Alara Resources' shares fell 4% in recent Friday trade.