Alara Resources (AUQ) Q3 2025 TU earnings summary

Executive summary

• Installation of two new Tailings Filter Presses (TFPs) underway to improve tailings processing and increase recovery rates to 90-92%.

• Monthly copper concentrate production expected to rise to 3200-3400 WMT, reaching 90-92% of plant capacity after TFP commissioning.

• Full plant capacity of 3500-3600 WMT per month targeted after long-term TFP solution.

Financial highlights

• Substantial rise in production-related payments in the March 2025 quarter compared to the previous quarter, mainly due to resumed mining operations and supplier invoice settlements.

• Increased expenses also driven by purchases of critical consumables and spare parts for ongoing operations.

Outlook and guidance

• Similar expenditure patterns expected to continue as mining operations have stabilized following the ramp-up phase.

• Further updates on TFP replacement outcomes to be provided once commissioning commences.