Alara Resources (AUQ) Investor presentation summary

Oman’s strategic position

• Oman is presented as a stable, neutral gateway south of the Strait of Hormuz, with ports and air links connecting Europe, Asia and Africa.

• Oman Vision 2040 targets diversification beyond hydrocarbons, with mining among its pillars; hydrocarbons represented 68.2% of government revenue and mining and quarrying 0.5% of GDP.

• Real GDP growth is projected at 3.7% for 2026, vs 2.4% in 2025; FDI rose 8.1% to OMR 31.4bn at end-2025, and selected zones offer tax holidays of up to 30 years.

Copper market outlook

• Global refined copper consumption was 28 Mt in 2025; the IEA projects a 25% increase, or ~7 Mt, by 2040.

• The IEA projects a primary supply shortfall vs requirements by 2035; spot treatment charges reached a record-low -US$297/dmt in Sep-26.

• Demand drivers include data centres and AI, grids and renewables, electric vehicles, and urbanisation; data centres and AI could add ~400 kt of annual copper demand on average over the next decade.

• Average Chilean concentrate export grade fell 1.8%, from 26.5% in 2025 to 24.7% Cu.

Production and operations

• The Al Wash-hi Majaza mine and 1 Mtpa concentrator entered production in 2024; plant throughput stayed 5–10% above nameplate throughout FY26.

• FY26 production was 42,844 WMT of concentrate containing 8,071 t of copper; 30 shipments totalled 38,228 WMT via Sohar Port, including a first parcel to India.

• Sep-26 shipments set a quarterly record at 15,199 WMT and 2,952 t of copper across 15 parcels, 42% above the prior record in Jun-26.

• 66 parcels had shipped by 12 Oct 2026; cumulative sales were ~79,200 WMT containing ~14,200 t of copper since the first shipment in Jun-24, under a Trafigura offtake.

• FY26 safety performance included zero lost-time injuries over 1,583,974 safe man-hours.