Alara Resources (AUQ) Investor presentation summary

Market environment and copper fundamentals

• Global copper demand is rising due to electrification, renewable energy, and urbanization, with a projected 24% surge by 2035 and significant supply deficits expected under multiple scenarios.

• Average copper ore grades are declining globally, increasing costs and processing requirements, while new mine development faces regulatory and capital hurdles.

• Major copper producers have reported year-on-year production declines, with incidents and lower ore grades impacting output.

• Copper pricing is under pressure from declining grades, especially in key regions like Chile, affecting profitability.

Strategic positioning and operations

• The company operates a vertically integrated value chain in Oman, from exploration to copper production, with strong government support and regulatory confidence.

• The flagship Al Wash-hi Majaza mine is operating near nameplate capacity, with 9,372 DMT copper concentrate produced and 9,556 DMT dispatched in Q4 2025.

• Ongoing exploration and development across multiple tenements (~2,500 km²) provide organic growth opportunities and potential mine life extension.

• The company benefits from a strategic location for shipping to major markets and a supportive regulatory environment under Oman Vision 2040.

Financial and corporate highlights

• Cash in hand as of 31 December 2025 was approximately A$16M, with a market capitalization of A$30M and 803M shares outstanding.

• The company has completed 37 successful copper concentrate shipments, with record quarterly production and sales performance in late 2025.

• A hub-and-spoke model is being implemented to deliver multi-decade copper-rich feed to the central asset.

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