Sign up Australia
Proactive Investors - Run By Investors For Investors
Market: ASX
Sector: General Mining
Market Cap: A$10.13M
Alara Resources

Alara Resources

Alara Resources (ASX:AUQ) has a portfolio of advanced development and early stage exploration projects in Saudi Arabia and Oman.

Alara Resources

Interactive graph

col 3
col 4
col 5
col 6

Alara Resources Snapshot

Alara Resources Limited (ASX: AUQ) is an Australian-based minerals exploration and development company with projects in Saudi Arabia and Oman.

Alara Resources is focused on the development of its Khnaiguiyah Zinc-Copper Joint Venture Project in Saudi Arabia with strategic partner Manajem (United Arabian Mining Company). Alara is poised for Company-changing growth in the near term, making the transition from developer to a profitable mid-tier producer.

Alara’s advanced development and early stage exploration projects in Saudi Arabia and Oman provides an exciting mix of projects which supports the Company’s strategy to unlock value for shareholders.

Alara has demonstrated its capability as a mineral resource developer. With a completed Definitive Feasibility Study on its flagship Khnaiguiyah Zinc-Copper Project in Saudi Arabia and an advanced and comprehensive Scoping Study for its Daris/Washihi Copper-Gold Project in Oman, the Company is poised to transition to a mine builder and operator.

(click here for information on projects)

James D Phipps
Non-Executive Chairman of the Board
B.A. (Philosophy), J.D. (Law)

Mr Phipps is a strategic advisor, business executive, and lawyer with extensive international and Middle East experience.

Mr Phipps currently serves as Co-Chairman of Sheffield United Football Club, the first "United" and the first association football club worldwide and a founding member of the English Premiere League.

Mr Phipps co-chairs Blades Leisure Limited, which holds SUFC and other operating companies, including security and event management companies. He chairs Shout TV, Inc., a Lindon, Utah, based sports entertainment business and serves and principal advisor to His Royal Highness Prince Abdullah bin Mosaad bin Abdulaziz Al Saud, providing strategic advice relative to a worldwide portfolio of businesses, properties and investments. He sits on the board of the publicly listed Saudi Paper Manufacturing Company (Tadawul: 2300), the leading manufacturer of tissue paper products in the Gulf Region.

Mr Phipps has experience in corporate turnarounds and has served as chief executive or general manager at a number of companies in a turn-around capacity. He brings experience to the board in the context of Alara's G.C.C. endeavours.

Justin Richard

Managing Director & CEO
LLB (UWA), Grad Dip Corporate Governance, FCSA, FCIS, MAICD

Mr Richard is an accomplished corporate lawyer and business manager who has played a key role in helping build and maintain Alara’s international joint venture relationships. He has been the Company’s General Counsel since 2011 and in 2013 took up residence in Riyadh as Alara’s Country Manager for Saudi Arabia. The Company later expanded his role to include management of Alara’s joint venture companies in Oman.

Prior to joining Alara, Mr Richard worked as Senior Commercial Officer & Contracts Specialist with Bateman Engineering (Australia), Corporate Counsel and head of legal for UGL Limited’s resources division and as a lawyer in Minter Ellison’s Construction, Engineering and Infrastructure group.

Before entering the legal profession, Mr Richard enjoyed a successful career in private enterprise as Managing Director of Irrigate Australia.

Vikas Jain
Non-Executive Director
Master of Business Administration

Mr Jain holds an MBA obtained in the USA and as a wealth of experience encompassing around 15 years in the field of mineral exploration and allied activities, including open-pit mining.

Mr Jain is currently Managing Director and CEO of the Indian compnay South West Pinnacle Exploration P/L, a company he founded in 2006 and under his leadership grew to become a leading exploration company in India.

After starting in mineral exploration, South West Pinnacle has since added coal-bed methane production, transportation, geophysical logging and other geological activities to its domain.

Atmavireshwar Sthapak
Executive Director
Bachelor of Applied Science and Master of Technology, Applied Geology

Mr Sthapak is a geologist specialising in mineral resource exploration and evaluation studies. He joined Alara in 2011, making valuable contributions to the Company as an Exploration Manager and a Study Manager based in Muscat, including discovery of large VMS copper mineralisation extensions at the Washihi project in Oman.

Prior to Alara, Mr Sthapak’s career spanned 10 years with ACC / ACC-CRA Ltd, and 10 years with Rio Tinto (Australasia) where he was awarded a Rio Tinto Discovery Award in 2009. He has worked on world class deposits, including Mt. Isa type copper deposits in Australia, and copper, gold and diamond mines on four continents.

Ian Gregory
Alternate Director

Mr Gregory is a professionally well-connected Director and Company Secretary with over 30 years’ experience in the provision of company secretarial, governance and business administration services with listed and unlisted companies in a variety of industries, including oil and gas, exploration, mining, mineral processing, banking and insurance.  He also has expertise which includes launching successful start-up operations through the development of the company secretarial role and board reporting processes.

Mr Gregory currently consults on company secretarial and governance matters to a number of listed companies.

Prior to founding his own consulting Company Secretarial business in 2005 Mr Gregory was the Company Secretary of Iluka Resources Ltd (6 years), IBJ Australia Bank Ltd Group, the Australian operations of The Industrial Bank of Japan (12 years), and the Griffin Coal Mining Group of companies (4 years).  He is a member of the Western Australian Branch Council of Governance Institute of Australia (GIA), a past Chairman of that body and has also served on the National Council of GIA.

Last updated 31st May 2016.

As at 29th April 2016.

Rank Shareholder No. of Shares % of Shares
1. VIKAS JAIN 30,000,000 5.929%
2. METALS CORNERS HOLDING CO 29,500,000 5.830%
3. VIKAS MALU 25,000,000 4.941%
4. MUL CHAND MALU 25,000,000 4.941%
5. MS MENG MENG 23,284,106 4.601%
6. JUSTIN RICHARD 20,000,000 3.952%
7. PIYUSH JAIN 20,000,000 3.952%
11. BARON NOMINEES PTY LTD 12,100,000 2.391%
12. DR JOHN HENRY ADDISON MCMAHON 11,497,777 2.272%
13. INKESE PTY LTD 11,000,000 2.174%
14. BAYAN MINING LLC 10,000,000 1.976%
17. MR PETER KELVIN RODWELL 8,000,000 1.581%
18. THORPE ROAD NOMINEES PTY LTD 4,920,000 0.972%
19. MR ANTHONY BROWN 4,750,000 0.939%
20. MRS LILIANA TEOFILOVA 4,711,000 0.931%
307,272,664 60.723%

Registered Office and Principal Office
Level 11, London House
216 St Georges Terrace
Perth WA 6000

Telephone: +61 8 9481 0389
Facsimilie: +61 8 9463 6103
Email: [email protected]

Share Registry
Advanced Share Registry Services
110 Stirling Highway
Nedlands WA 6009

Telephone: +61 8 9389 8033
Facsimilie: +61 8 9262 3723

PO Box 1156
Nedlands WA 6909

Level 6, 225 Clarence Street
Sydney NSW 2000

Telephone: +61 2 8096 3502

PO Box Q1736, Queen Victoria Building
Sydney, NSW 1230

[email protected]

Last updated 31st May 2016.

Alara Resources Timeline

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use