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MUSCAT: Australian mining agency Vital Assets Ltd has introduced that it has reached a mutually agreeable end result with the Ministry of Power and Minerals relating to licence charges for the continued exploration of Block 4 and Block 5 inside the Suhar Copper Mission within the Sultanate of Oman.
The corporate holds a 51 per cent curiosity in Block 4, a 65 per cent curiosity in Block 5 and a 70% curiosity in two exploration licence functions close to Block 10 to the west of Blocks 4 and 5 on the mission.
The Suhar Copper Mission covers 1,006 sq. kilometres of the copper-rich Ophiolite belt, confirmed to host clusters of comparatively high-grade VHMS copper deposits.
The mission holds a JORC useful resource of 819,000 tonnes at 3.4 per cent copper for 28,000 tonnes of copper steel, with high-grade VMS type deposits and a big exploration space, inside a well-established mining area.
Notably, the ores inside high-grade VHMS deposits are metallurgically easy and include gold and silver credit. Block 5 is a high-grade, near-surface, copper plus silver and gold useful resource.
Vital Assets is an rising base metals and lithium exploration and growth firm headquartered in Perth, Western Australia.
The corporate is concentrated on the exploration, growth and development of its base metals asset in NSW, copper asset in Oman and suite of arduous rock lithium property in Ontario, Canada.
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