Alara Resources (AUQ) investor relations material

Strategic positioning and market context

• Focus on responsible mining to support global clean energy transition and electrification, with copper as a core commodity.

• Oman’s Vision 2040 prioritizes economic diversification, with mining as a key sector and strong government support for resource development.

• Oman’s stable political environment, strategic geography, and regulatory reforms create a favorable investment climate for mining.

• Copper market faces rising demand from electrification, EVs, and infrastructure, while supply is constrained by declining ore grades and slow project development.

• Global copper deficits are projected to widen, supporting robust long-term pricing and demand for new supply.

Asset performance and operational excellence

• Al Wash-hi Majaza mine and concentrator consistently operate above nameplate capacity, with FY26 Q3 ore processed up 12% and copper concentrate up 11.4% versus plan.

• Average copper grade at Al Wash-hi Majaza remains stable at 0.86%, outperforming global averages and supporting strong recoveries (87–90%).

• Zero Lost Time Injuries (LTIs) and over 400,000 safe man-hours recorded, reflecting a strong safety culture.

• Asset value exceeds USD120M, with ongoing resource expansion and technical service synergies across group companies.

• Shipment delivery remains robust, with 39 parcels dispatched to date, supporting cash flow and debt reduction.

Growth strategy and exploration

• Hub-and-spoke model leverages central processing to develop multiple deposits across a 2,500 km² tenement portfolio.

• Joint ventures and exploration licenses in Oman provide organic growth opportunities, with new targets identified near existing operations.

• Semail Ophiolite belt offers significant prospectivity for copper and gold, with ongoing drilling and resource definition.

• Strategic offtake agreement with Trafigura ensures access to international copper markets.

• Well-funded operational plan targets increased copper-gold production and recoveries, positioning for mid-tier pure-play copper producer status.