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Alara Resources Limited

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FY2014 Annual Report · Alara Resources Limited
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2014 ANNUAL REPORT

CONTENTS

About Us 

Chairman’s Letter 

Managing Director’s Letter 

Board of Directors 

Management Team 

Technical & Compliance 

Our People 

Company Projects Overview 

Khnaiguiyah Project 

Oman Projects 

Our Contractors 

Financial Year 2014 Milestones Achieved 

Financial Summary 

Key Financial Numbers 

FY2015 Projected Milestones 

Directors’ Report 

Auditors’ Independence Declaration 

Consolidated Statement of Profit and 
Loss and Other Comprehensive Income 

Consolidated Statement of Financial Position 

01

02

03

04

06

07

09

10

14

28

38

39

40

40

41

42

64

65

66

Consolidated Statement of Changes in Equity  67

Consolidated Statement of Cash Flows 

68

Notes to the Consolidated Financial Statements 69

Directors’ Declaration 

Independent Auditors’ Report 

JORC Competent Persons Statements 

Annual Mineral Resources Statements 

Forward Looking Statements  

Securities Information 

Corporate Directory 

102

103

106

106

106

107

111

www.alararesources.com

ABN 27 122 892 719

Mission Statement

To become a mid-tier mineral producer 
with a focus on mineral deposits and 
projects in the Middle East region.

Alara will deliver maximum shareholder 
value through profitable growth, 
development of low cost operations 
and through stability and sustainability 
over time.

Core Values

Excellence
Alara will pursue excellence and will strive 
for relevant best practice combined with a 
fit-for-purpose approach through continuous 
improvement and teamwork in all aspects 
of our business.

To achieve our goals we will ensure our 
employees and business partners have the 
appropriate skills and resources to perform 
their work effectively and efficiently. We will 
foster an open and supportive environment 
in all activities and relationships.

Respect
Alara will show consideration for and value 
our employees, our Joint Venture and 
other business partners, our customers, 
our suppliers, our communities and 
governments, and the social and physical 
environment in which we operate.

Integrity
Alara and its employees are committed to 
fairness and honesty and will operate with 
transparency and accountability at all levels 
of the business.

About Us

01

Daris/Washihi Copper-Gold Project (Oman)

Khnaiguiyah Zinc-Copper Project (Saudi Arabia)

Corporate Office (Perth, Australia)

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.

Annual Report 2014 ALARA RESOURCES LIMITED02 

Chairman’s Letter

The 2014 financial year has been  
a mixed period of overall frustration 
offset by progress on project 
optimisation, consolidation and costs 
management for Alara as it prepares 
itself for the transition to becoming 
a mine developer and operator. 

Ian J Williams, AO 
Non-Executive Chairman

Low key optimisation studies have been conducted 
throughout the year for the Khnaiguiyah Project particularly 
in areas of finance options, technical enhancement and risk 
reduction. With this work and the strengthening zinc price 
the Project economics have been enhanced. 

Whilst the current environment creates short-term 
development and cost management challenges, the 
Company expects to progress the Khnaiguiyah Project 
and continues to evaluate ways to extract value from our 
remaining project portfolio in a financially prudent manner. 
The Company is well placed to move into the next phase 
of financing and mine development. 

On behalf of the Board, I would like to thank our 
shareholders, employees and other stakeholders for their 
continued support, dedication and commitment to Alara. 
We look forward to continuing to work towards attaining 
our objectives and delivering value to our shareholders 
over the next 12 months.

Ian J Williams, AO 
Non-Executive Chairman

Dear Shareholder
In the first instance FY 2014 was one of frustration as the 
company continued with its efforts to move the Khnaiguiyah 
Zinc-Copper Project forward. Despite extensive 
negotiations and an agreed Heads of Agreement (HoA) 
with our Saudi Arabian Joint Venture partners they did not 
transfer the mining licence to the joint venture company 
Khnaiguiyah Mining Company as was required by the 
HoA. Efforts to overcome the impasse are continuing as 
we receive ongoing strong support and advice from His 
Royal Highness Prince Abdullah and his principle advisor 
Mr Jim Phipps on both the impasse itself, as well as 
alternative ways of moving the Project forward.

Despite this project delay in Saudi Arabia and the inherent 
frustration, the Company moved forward with its internal 
preparations at the corporate level, with the restructuring 
of the Board through the key appointments of Mr Philip 
Hopkins as Managing Director, and Mr John Hopkins 
and HRH Prince Abdullah bin Mosaad bin Abdulaziz Al 
Saud as Non-Executive Directors. Throughout the year 
a small but effective management team has also been 
assembled and consolidated to meet the challenges 
and opportunities ahead.

Alara’s cash position was materially enhanced during the 
year by two successful applications under the Australian 
Federal Government’s Research and Development Tax 
Incentive Scheme for refunds amounting to a total of 
AU$4.39m received in September 2013 (for 2012 financial 
year) and January 2014 (for the 2013 financial year). As 
a result of focused cost conservation initiatives the last 
half of the year also saw reductions in monthly operating 
expenditure. Additionally, the company flagged the 
possibility of divesting its interest in the Oman copper 
assets and has held discussions with several interested 
parties. Technical review, analysis and innovation have 
improved the value of these assets and the final decision 
for this project has been deferred pending the outcome 
of the current market review and assessment.

ALARA RESOURCES LIMITED Annual Report 2014 Managing Director’s Letter

It has been a year of 
contrasting realities for 
Alara and the 2015 financial 
year will be an important 
one for the Company 

Dear Shareholder
Our Chairman has touched on the Company’s frustration 
with its inability to progress our Khnaiguiyah Zinc-Copper 
Project in Saudi Arabia, despite having a completed 
and robust Definitive Feasibility Study (DFS) in hand. 
Set alongside this was the further definition of potential 
significant upsides in each of Alara’s two projects, while 
the Board and Management Team were also restructured, 
and the staff structure and systems adjusted to prepare 
to progress both of our projects to their next stages 
of development.

There have been a number of “hidden gems” or “silver 
linings” from the past year that are also worth reflecting on.

During the 2014 financial year Alara achieved a number 
of important operational milestones, most notably we were 
able to negotiate a “solution” or agreement with our Saudi 
Arabian Joint Venture (JV) partners for the Khnaiguiyah 
Project that dealt with all the historic “liabilities” and also 
outlined an equity solution to move forward from an 
untenable 50/50 equity agreement between the parties to 
a 60/40 arrangement. Although our JV partners have not in 
the end honoured this agreement, it did give the Company 
a very definitive and clear picture of where were are at 
with the Khnaiguiyah Project and thus allowed us to plan 
an alternative and appropriate approach to progress the 
Project beyond this impasse. 

We took this period of delay to investigate some of the 
opportunities and upsides in the Project itself while 
simultaneously gaining further clarity on the two material 
risks: water access; and mining and exploration licencing. 
We also further expanded our in-country stakeholder 
relationships and support in the Kingdom of Saudi Arabia.

Concurrently, in Oman we took the previous assessment 
work on the Daris/Washihi Project and expanded this into 
a full Options Analysis which was then progressed to an 
advanced and comprehensive Scoping Study. As a result, 
this project is now ready to move to the next phase of 
development once financial support is in place.

03

Philip H Hopkins 
Managing Director

The 2015 financial year will be an important one for Alara. 
Some short-term delays on the Khnaiguiyah Project are 
anticipated, but the Project upside and potential for the 
future continues to compel the Company to strive to achieve 
the most appropriate solution to bring the Project to fruition. 
Through good fortune and solid technical work we have 
a robust zinc mine project heading into a 10 year high 
zinc price cycle in a market that has high quality Project 
Directors and EPC firms ready to take on their next project.

In turn the work on the Oman projects to date has been to a 
very high level and has set us up very well to possibly move 
the combined Daris/Washihi Project into the Pre-Feasibility 
(PFS) phase and beyond. The Company is very focused 
and ready to take these next steps in both projects. 

The success of any Company, and thus its projects, and 
the resulting benefits to its shareholders is dependent on 
the people associated with it. Alara has a dedicated team 
of professionals in Australia, Saudi Arabia and Oman. Our 
Board, Management and Staff are of the highest standard 
and bring with them the skills, experience and motivation to 
take the Company through its transformation from a mineral 
resource explorer to a mine builder and operator.

Externally we have been exceptionally fortunate and are 
very appreciative of our strong and supportive set of key 
shareholders, as well as critical in-country stakeholder 
support and encouragement.

The true strength of Alara lies in the combination of its two 
high quality projects, its Board and staff, in association 
with these other key individuals and groups. The net result 
is what we envisage will be a “breakout year” for Alara 
in FY2015!

Philip H Hopkins 
Managing Director

Annual Report 2014 ALARA RESOURCES LIMITED04 

Board of Directors

Ian J Williams, AO 
Non-Executive Chairman

BE (Elec), FAusIMM, FIEAust

Mr Williams was awarded an Officer 
of the Order of Australia (AO) in 
June 2010 for distinguished service 
to the Indigenous community of 
Western Australia and Queensland 
through the establishment of training 
programmes providing sustainable 
employment in the mining industry, 
the promotion of social responsibility 
and as a supporter of business 
development initiatives.

As Managing Director of Century 
Zinc Ltd, Mr Williams was responsible 
for planning and bringing on stream 
the Century lead/ zinc mine in north 
western Queensland. Producing 
some 7% of the world’s demand for 
zinc concentrate, the Century mine 
is one of the largest zinc mines in 
the world. He was, until July 2011, 
Chairman of the Port Hedland 
Port Authority.

Mr Williams’s diverse experience 
includes executive management of 
open cut and underground mining 
operations, brownfield expansions 
and new major mining projects. He 
was responsible for the establishment 
of two iron ore mines and associated 
infrastructure for Hamersley Iron. 
He has also assisted the West 
Australian Government in the 
facilitation of a major new port and 
rail infrastructure project in the State’s 
Mid-West Region.

Mr Williams is Chairman of the 
Remuneration and Nomination 
Committee and Member of the 
Audit Committee.

Philip H Hopkins
Managing Director

BSc (Mining Engineering), MBA, P.Eng, 
MAusIMM, MCIM 

Mr Hopkins has +30 years’ 
experience in the mining industry in 
leadership roles across operations, 
projects, commercial and executive 
matters. Mr Hopkins is a mining 
engineer and is also a registered 
professional engineer in Canada, 
South Africa, Papua New Guinea and 
Australia and a Competent Person 
under the JORC Code. He also holds 
a First Class Mine Manager status 
in several jurisdictions domestically 
and abroad.

Mr Hopkins’ career has included work 
with Cominco Limited, Falconbridge 
Limited, Placer Dome Inc., BHP 
Billiton Limited and St Barbara 
Limited and has included international 
postings in Canada, Papua New 
Guinea, South Africa, Brazil and 
Australia. He has mining experience 
in base metals (copper and nickel), 
gold and iron ore.

John Hopkins
Non-Executive Director

LLB, FAICD

Mr Hopkins has almost 30 years’ 
experience on the board or as 
chairman of more than 20 public 
listed companies (in Australia, UK 
and Canada) and as such has 
been involved in the financing and 
development (and subsequent 
Merger and Acquisition activities) of 
many gold, base metal, energy (coal 
and oil and gas), mineral sands and 
other resources projects in Australia, 
Africa, Asia, Europe and North 
America as well as industrial and 
manufacturing companies.

He is currently Chairman of 
developing tungsten and tin producer 
Wolf Minerals Limited (ASX: WLF) 
where he has overseen significant 
debt and equity raisings to take 
the Hemerdon Project into full 
development and South African 
based coal producer Universal 
Coal Plc (ASX: UNV) which also 
recently secured major debt and 
equity funding.

Mr Hopkins is Chairman of the 
Audit Committee and Member 
of the Remuneration and 
Nomination Committee.

ALARA RESOURCES LIMITED Annual Report 2014  
05

His Royal Highness Prince 
Abdullah bin Mosaad bin 
Abdulaziz Al Saud
Non-Executive Director

BEng. (Industrial) (Hons), MEng

HRH Prince Abdullah is the Chairman 
of The Saudi Paper Manufacturing 
Company (SPM) which he established 
in 1989 and floated on the Saudi 
Stock Exchange (Tadawul) in 
2006. SPM has one of the largest 
waste paper collection, recycling, 
manufacturing and converting 
(consumer tissue paper products) 
operations in the Middle East with 
SAR800m annual turnover and a 
SAR1.3b market capitalisation.

HRH Prince Abdullah is keen to 
be a part of and to assist in the 
advancement of Alara’s flagship 
Khnaiguiyah Project in Saudi Arabia. 
HRH feels the development of this 
Project of is strategic importance to 
the country in terms of support of 
the nation’s mining industry as well 
as for local industry, expertise and 
the workforce.

James D Phipps
Alternate Director for HRH Prince 
Abdullah

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 
as 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 Middle East and G.C.C. 
endeavours.

Annual Report 2014 ALARA RESOURCES LIMITED06 

Management Team

Justin Richard 
Executive Director for  
Alara’s Saudi & Oman operations

LLB (UWA), Grad Dip Corporate Governance 
FGIA, 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.

John Watkins
Chief Financial Officer

BA, Dip GeoSc, MAppFin CPA, 
FAusImm, FFin

Mr Watkins holds both Commercial 
and GeoScience qualifications 
and has 30 years’ of international 
executive experience in the resource 
industry both at corporate level and at 
operating mine sites. 

He has held senior roles with 
companies and joint ventures 
(A$100m to US$1b+ in size) in 
mineral trading, mineral exploration, 
petroleum production, zinc/lead/silver 
mining/concentrate export, gold/silver 
mining, nickel mining/concentrate 
export and project development 
in Australia, PNG, Canada, Mexico 
and Brazil. 

Mr Watkins’ extensive experience 
covers all aspects of company 
strategy and direction as a board 
member and includes fund raising, 
company promotion, project 
management, mine management and 
operations, metal refining and offtake 
contracts, construction and capital 
reporting, financial reporting, treasury, 
currency/metal price hedging, 
human resources, supply chain, 
risk management and community/
sustainability obligations.

Formerly Commercial Director of 
Mirabela Mineração Do Brasil Ltda, 
Executive Director/CFO Kula Gold 
Ltd and Commercial Manager with 
Barrick Gold Niuigini Ltd.

Elle Macdonald 
Corporate Affairs Manager

RNZAF Command Training School 
– Commissioned Officer 

Ms Macdonald is a highly 
experienced corporate affairs 
administrator with over 25 years’ 
experience across a diverse range 
of organisations and industries 
including military, media, indigenous 
affairs, education, manufacturing, 
legal, finance and investment, as 
well as mining and resources, with 
a number of these being ASX and 
NZX listed entities.

Ms Macdonald is a graduate of 
the Royal New Zealand Air Force 
Command Training School, Officer 
Training Course (Flying Officer).

Ms Macdonald’s comprehensive 
experience includes executive 
support at the Board and Executive 
Management level, Company 
Secretarial and ASX compliance, 
legal, marketing and investor 
relations, human resources, policies 
and procedure implementation 
and staff development.

ALARA RESOURCES LIMITED Annual Report 2014  
Technical & Compliance

07

AV Sthapak
Corporate Exploration Manager

Victor Ho  
Company Secretary

BSc & M.Tech, App Geo; Earth Sciences

BCom, LLB (Western Australia), CTA

Mr Ho has been in company 
secretarial/executive roles with a 
number of public listed companies 
since early 2000. Previously, Mr Ho 
had 9 years’ experience in the 
taxation profession with the Australian 
Tax Office and in a specialist tax 
law firm. Mr Ho has been actively 
involved in the structuring and 
execution of a number of corporate 
transactions, capital raisings and 
capital management matters and 
has extensive experience in public 
company administration, corporations 
law and stock exchange compliance 
and shareholder relations.

Sthapak has more than 22 years’ 
experience as a multi commodity 
exploration geologist, manager 
and operator and has extensive 
multinational experience in resource 
exploration and mining project 
feasibility studies.

Soon after joining Alara’s Oman 
operations in 2011 in Muscat, Sthapak 
led Alara’s in-country exploration 
activity which resulted in the discovery 
of one of Oman’s largest copper 
deposits at Washihi (2012-13).

Sthapak has previously held various 
technical and senior management 
roles with Rio Tinto including Project 
Director and member of the Rio 
Tinto’s Global Diamonds Senior 
Leadership team. 

Sthapak was Awarded ‘Discoverer 
of the Year’ by Rio Tinto in 2010.

Annual Report 2014 ALARA RESOURCES LIMITED08 

ALARA RESOURCES LIMITED Annual Report 2014 Our People

PERTH

SAUDI ARABIA

OMAN

09

Ian Williams 

John Hopkins 

Philip Hopkins 

John Watkins 

Elle Macdonald 

Tina Newbon 

Victor Ho 

Non-Executive Chairman

Non-Executive Director

Chief Executive Officer; Managing Director

Chief Financial Officer

Corporate Affairs Manager

Corporate Services Coordinator

Company Secretary

HRH Prince Abdullah bin Mosaad  
bin Abdulaziz Al Saud 

Non-Executive Director

James Phipps 

Alternate Director for HRH Prince Abdullah

Justin Richard 

Fadi Zenaty 

Mohammed Ansar Ahmed 

Faisal Muthwed 

Kamal Hassan 

Executive Director Saudi & Oman Operations

Technical Officer

Administration Officer

Government Relations Officer

Administration Assistant & Driver

Atmavireshwar Sthapak 

Corporate Exploration Manager

Rexin Kamilas 

Administration Assistant

Badar Marhoon Al Rahbi 

Government Relations Officer

Sheikh Khaleefa Al Shirjee 

Community Relations Officer

Annual Report 2014 ALARA RESOURCES LIMITED10 

Company Projects Overview

SAUDI ARABIA

        Khnaiguiyah Zinc-Copper 
1

Project

Alara’s 50% interest held via joint 
venture company, Khnaiguiyah Mining 
Company (KMC)

Heads of Agreement (HoA) signed with 
United Arabian Mining Company LLC 
(Manajem) to increase Alara’s interest 
from 50% to 60% ownership of KMC

Located adjacent to bitumen road 
~200km west of Riyadh (capital city) 
near major Riyadh to Jeddah highway

Comprises Mining Licence (issued 
in December 2010 with exclusive 
30 year term and no mineral royalties), 
2 Exploration Licences (granted, 
pending renewal) and 5 Exploration 
Licence applications, totalling ~380km2 
pending completion of transfer to KMC

JORC Reserves (Proved and Probable) 
reported to JORC 2004 standard of 
26.08MT at 3.3% Zn and 0.24% Cu

2Mtpa Definitive Feasibility Study (DFS) 
completed in Q2 2013 with projected 
US$257M capex, 2.8 year pay-back, 
A$2.074B Life of Mine (LOM) revenues 
and A$0.873B LOM EBITDA (at base 
case Zn/Cu prices)

Saudi Industrial Development Fund 
(SIDF) project financing pending 
submission – potentially up to 75% 
of construction costs.

1

ALARA RESOURCES LIMITED Annual Report 2014 11

ABOUT SAUDI ARABIA

Saudi Arabia is considered to be a favourable investment 
destination, ranked 26th in 2013 by the World Bank out 
of 189 countries in terms of “ease of doing business” 
and ranked 2nd in the Middle East region after the UAE 
(source: World Bank, Doing Business Project)

Country benefits from developed infrastructure including 
roads and ports, low cost energy and in-country 
construction expertise

SIDF supports local projects with financing (up to 75%), 
low LIBOR equiv. margin and long loan tenure

Tax – 20% corporate tax (nil personal tax rate)

Royalties – nil

Foreign ownership – 100% permitted

Profits and Capital – 100% repatriation 

Nil import duties for Capex

Tenure certainty – from exploration to mining

Roads – bitumen highway and road to mine gate

Power – 33KVA power line to site

Water – 15km to DFS identified Project water source – 
2 further alternative water supply options identified

Fuel – 

1,627,081

2,590,946

HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED

13,758,790

GWYNVILL TRADING PTY LTD

MS MENG MENG

MR BRIAN JOSEPH FLANNERY & MRS PEGGY ANN FLANNERY



FLANNERY FOUNDATION PTY LTD  


CITICORP NOMINEES PTY LIMITED

ABN AMRO CLEARING SYDNEY NOMINEES PTY LTD 


MR WARREN WILLIAM BROWN  
& MRS MARILYN HELENA BROWN

MR WARREN WILLIAM BROWN  
& MRS MARILYN HELENA BROWN 

MR PETER KELVIN RODWELL

MR CRAIG GRAEME CHAPMAN  


MR LUCAS JAMES KOEKOEK

HGT INVESTMENTS PTY LTD

MR ANDREW BRUCE RICHARDS

THORPE ROAD NOMINEES PTY LTD  


HOUVAN PTY LTD

WHITECHURCH DEVELOPMENTS PTY LTD  
 

ASIA PACIFIC COMMUNICATIONS LTD

SURFLODGE PTY LTD

BOO RADLEY PTY LTD 

Sub-total

17,976,817

9,671,468

8,266,273

1,500,000

3,588,083

Sub-total

5,088,083

1,650,000

2,500,000

Sub-total

4,477,271

4,203,828

4,150,000

4,000,000

3,699,429

3,000,000

2,500,000

2,500,000

2,460,000

2,000,000

1,919,118

1,793,617

1,629,000

1,500,000

7.428

3.996

3.416

2.102

1.850

1.737

1.715

1.653

1.528

1.240

1.033

1.033

1.016

0.826

0.793

0.741

0.673

0.620

Total

156,305,908

64.586%

Annual Report 2014 ALARA RESOURCES LIMITED110

Top 20 listed ordinary fully paid shareholders (Continued)

Substantial Shareholders

Date of Last 
Substantial 
Holder Notice

Substantial 
Shareholder(s)

Holder of 
Relevant 
Interest

Registered 
Shareholder(s)

Shareholding

Total Shares

% of Issued 
Capital

Auscoal 
Superannuation 
Fund

JP Morgan 
Nominees 
Australia Ltd

Queensland 
Local 
Government 
Superannuation

Commonwealth 
Super 
Corporation

JP Morgan 
Nominees 
Australia Ltd

HSBC Custody 
Nominees 
(Australia) 
Limited

3 Oct 2014

Acorn Capital 
Limited

UniSuper

First State 
Super

Sunsuper Fund

14 Mar 2014

National 
Australia Bank 
Limited and 
associated 
entities 

Antares Capital 
Partners 
Limited

20 Nov 2012

Australian 
Super Pty Ltd

Australian 
Super Pty Ltd

National 
Nominees 
Limited

JP Morgan 
Chase

HSBC Custody 
Nominees 
(Australia) 
Limited

National 
Nominees 
Limited

JP Morgan 
Nominees 
Australia 
Limited

JP Morgan 
Nominees 
Australia Ltd

Based on Substantial Shareholder Notices lodged on the ASX as at 10 October 2014.

2,452,670

2,561,575

2,809,161

3,435,153

3,948,753

5,084,714

6,298,305

10,851,796

20,292,026

8.38%

17,150,101

7.087%

16,842,294

16,842,294

6.96%

ALARA RESOURCES LIMITED Annual Report 2014 Securities Informationas at 10 October 2014111

Corporate Directory

Directors
Ian Williams 
Non-Executive Chairman

Philip Hopkins 
Managing Director

HRH Prince Abdullah bin Mosaad bin Abdulaziz Al Saud 
Non-Executive Director

John Hopkins 
Non-Executive Director

James Phipps 
Alternate Director to HRH Prince Abdullah

Company Secretary 
Victor P H Ho

Registered Office and Business Address
Level 3, 35 Havelock Street
West Perth, Western Australia 6005
PO Box 1890
West Perth, Western Australia 6872
Telephone:  + 61 8 6323 5900
Facsimile:  + 61 8 9323 5999
E-mail: 

info@alararesources.com

ABN: 27 122 892 719

Auditors
Grant Thornton Audit Pty Ltd
Level 1, 10 Kings Park Road
West Perth, Western Australia 6005
Telephone:  +61 8 9480 2000
Facsimile:  +61 8 9322 7787
Website:  www.grantthornton.com.au

Share Registry
Advanced Share Registry Services
110 Stirling Highway
Nedlands, Western Australia 6009
Telephone:  +61 8 9389 8033
Facsimile:  +61 8 9262 3723

Level 6, 225 Clarence Street
Sydney, New South Wales 2000
Telephone:  +61 2 8096 3502
E-mail: 
Website:  www.advancedshare.com.au

admin@advancedshare.com.au 

Australian Securities Exchange
ASX Limited
Level 40, Central Park 
152-158 St Georges Terrace 
Perth, Western Australia 6000

ASX Code
AUQ

Corporate Governance Statement
The Company’s Corporate Governance Statement 
is available on the Company’s Website:  
www.alararesources.com/corporate-governance

www.alararesources.com

Shareholders wishing to receive copies of Alara Resources Limited ASX market announcements 
by email should register their interest by contacting the Company at info@alararesources.com.

Annual Report 2014 ALARA RESOURCES LIMITED 
 
 
 
 
www.alararesources.com

Alara Resources Limited
Level 3, 35 Havelock Street, West Perth, Western Australia 6005 
T +61 8 6323 5900  |  F +61 8 6323 5999  |  E info@alararesources.com