Ann: Copper Project Update, page-3

Actually I think a lot is stated between the lines. Banking is pretty much done and dusted and judging by the ann it would indicate they are waiting for all approvals before comparing and accepting. Remember Islamic banking has a different method of financing and interest rates don't really come into the picture. It's all about bank equity into the project.

Mullaq likely to be the next mining licence standalone.

Alara and Southwest Pinnacle are preparing the new JV for the growing pipeline of mineral exploration in Oman and have already placed their first order for two new drilling rigs. To me this is an interesting development and while the minerals are not stated, I assume them to be heavy minerals sands for the more rarer earth elements.

All in all I think our little Alara is moving from the embryonic stage to the baby in development.

I look forward to Mo's assessment.