Alara Resources Limited

What Alara Resources Limited does

Alara Resources Limited is an Australian-listed (ASX: AUQ) mining and mineral exploration company headquartered in Perth, with operational activities concentrated in Oman. Its sole producing asset is the Al Wash-hi Majaza Copper-Gold Project, an open-pit mine equipped with a 1 million tonnes per annum (MTPA) concentrator producing copper-gold concentrate. Production commenced in early 2024 under a 51%-owned joint venture (Al Hadeetha Resources LLC), with output shipped to Trafigura under a long-term offtake agreement via the Port of Sohar. The mine has a stated 10.3-year life with production expected through 2034, and recent operational data shows monthly concentrate output has rebounded to record levels above the concentrator's nameplate capacity (4,243 WMT in January 2026). Total cumulative shipments have reached 62,684 WMT of concentrate containing approximately 10,988 tonnes of copper metal and 64 ounces of gold across 50 consignments.

Beyond the producing asset, Alara controls a portfolio of exploration and mining licenses across more than 2,000 km² of prospective ground in Oman, including Block 7 (587 km², with the Daris 3A5 mining license granted in July 2025), Block 22B (1,448 km²), Block 8 (497 km², partially farmed-in to Power Metal Resources), Mullaq, Al Ajal, and the Daris East prospect (JORC-compliant resources of 240,024 tonnes at 2.37% Cu with a mining license application pending). The company operates through a network of joint ventures with local Omani partners and generates ancillary revenue from mining services, drilling, geotechnical/hydrogeological studies, and exploration/feasibility consulting. Capital structure as of August 2025 shows 803,087,541 fully paid ordinary shares and 5,000,000 listed options quoted on the ASX.

Name

Alara Resources Limited

Legal name

Alara Resources Limited

Website

https://alararesources.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Alara Resources Limited (ASX: AUQ) is an Australian-listed copper-gold mining and exploration company operating the Al Wash-hi Majaza open-pit mine in Oman under a long-term offtake agreement with Trafigura, with a portfolio of exploration licenses spanning over 2,000 km² of prospective ground across multiple Omani concessions.

Ownership category

akta.pro rank

Product category

Copper-Gold Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Copper-gold mining
• Mineral exploration
• Mining services
• Drilling services
• Concentrate production

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Others

Revenue model

1. Copper-Gold Concentrate Sales: Alara Resources generates revenue through the sale of copper-gold concentrate produced at the Al Wash-hi Majaza mine. Production began in early 2024. The company has a long-term offtake agreement with Trafigura for the sale of concentrate. Revenue is derived from the contained copper and gold metal content in the concentrate shipped to customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Alara Resources Limited is a copper-gold mining and exploration company that produces and sells copper-gold concentrate from its operating Al Wash-hi Majaza mine in Oman, supported by a 1 MTPA concentrator plant. The company also holds a portfolio of copper-gold exploration concessions across Oman and provides mining services including diamond core drilling, exploration drilling, and geotechnical studies to support resource definition and project development.

Product overview

Alara Resources Limited is a copper-gold mining and exploration company operating primarily in Oman through multiple joint ventures. The company's portfolio consists of one producing asset (Al Wash-hi Majaza Copper-Gold Plant with 1 MTPA concentrator producing copper-gold concentrate) and multiple exploration projects across approximately 2,000 km² of prospective ground in Oman, including Block 7, Block 8, Block 22B, Mullaq, Al Ajal, Daris East, and Daris 3A5. The company also provides mining services including drilling, exploration and feasibility studies, and geotechnical/hydrogeological services. Products are organized around core mining operations, exploration projects, and technical service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Copper-gold concentrate (Al Wash-hi Majaza mine)
• Diamond core drilling services
• Exploration drilling services
• Geotechnical study services

Quantifiable outcome

• Record monthly copper concentrate output of 4,243 WMT in January 2026 — highest since operations began
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• TrafiguracoreChannel Partner/ Reseller/ DistributorLong-term offtake agreement with Trafigura, a global commodity trading and logistics firm, for the purchase of copper-gold concentrate produced at the Al Wash-hi Majaza mine. Trafigura handles offtake and logistics for the mined concentrate shipped via Port of Sohar.
• Al Hadeetha Resources LLC (AHRL)coreStrategic or Co-development PartnerJoint venture operating the Al Wash-hi Majaza Copper-Gold Project. Alara holds 51% interest, with Al Hadeetha Investment Services LLC (30%) and Al Tasnim Infrastructure LLC (19%) as partners. The JV features a 1 MTPA concentrator and manages mining operations and exploration across concessions.
• Al Hadeetha Mining LLC (AHML)coreStrategic or Co-development PartnerJoint venture advancing exploration across Block 22B concession in Oman, targeting copper, gold, chromite, and platinum group elements. Alara holds 27.5% through Alara Oman Operations Pty Ltd. Other shareholders: Al Hadeetha Investments Services LLC (27.5%), Al Tasnim Mining LLC (27.5%), South West Pinnacle Exploration (17.5%).
• Daris Resources LLC (DRL)minorStrategic or Co-development PartnerJoint venture pursuing exploration in Block 7, Oman. Alara holds 50% with option to increase to 70%, partnered with Al Tamman Trading & Establishment LLC (50%). DRL holds mining license over Daris 3A5 prospect (0.653 km², granted July 2025) and has a mining license application over Daris East (3.2 km²) pending.
• Awtad Copper LLC (ACL)minorStrategic or Co-development PartnerJoint venture for Block 8 exploration in northern Oman. Alara holds 10% with option to increase to 57.5%. Local shareholders hold 90%. In October 2024, AIM-listed Power Metal Resources plc entered a farm-in agreement to earn 12.5% interest. The Ministry of Energy and Minerals has approved license renewal.
• South West Pinnacle Exploration LimitedminorStrategic or Co-development PartnerIndian exploration company (NSE-listed) holding 17.5% in Al Hadeetha Mining LLC (AHML) for Block 22B. South West Pinnacle Exploration is also a shareholder in Alara Resources (12,500,000 shares, 1.56% as of August 2025 per top 20 shareholders list).
• Oman Water & Wastewater Services CompanyminorStrategic or Co-development PartnerGovernment of Oman undertaking partnering with Al Hadeetha Resources LLC (AHRL) on a Sewage Treatment Plant (STP) upgrade near the Al Wash-hi Majaza project. The STP treats grey water from surrounding towns (1,800 m³/day), with 1,200 m³ returned to the mine for operational use and 600 m³ made available to local residents.
• Power Metal Resources plcminorStrategic or Co-development PartnerAIM-listed company (UK) that entered a farm-in agreement in October 2024 granting it the right to earn a 12.5% interest in Block 8. Exploration activities commenced in October 2024, led by Power Arabia (Power Metal's regional technical team).

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Metals X Limited: ASX-listed base metals producer with interests in copper and tin mining. Comparable as an ASX-listed diversified base-metals operator, though with broader commodity exposure and historical operational scale greater than Alara.
• Capricorn Metals: ASX-listed gold producer with diversified Australian and African operations. Comparable as an ASX small-cap precious/base-metals miner, though focused primarily on gold rather than copper-gold concentrate.
• Freeport-McMoRan: One of the world's largest copper-gold producers with global operations. Relevant broad incumbent peer — same copper-gold concentrate business model — though materially larger in scale and with deeper resource base than Alara.

Direct peers

• Aeris Resources: ASX-listed copper-gold producer with multiple operating mines and copper concentrate output. Comparable to Alara in copper-gold concentrate production model, ASX small-cap status, and reliance on commodity traders for offtake.
• Hillgrove Resources: ASX-listed copper-gold producer with operating mines producing copper concentrate. Comparable to Alara as a small-cap copper-gold producer with concentrate sales and active exploration pipeline.
• Sandfire Resources: ASX-listed copper-gold producer operating open-pit and underground mines and producing copper-gold concentrate. Highly comparable to Alara in commodity focus (copper-gold concentrate), business model (mining operator selling concentrate to traders), and ASX-listed mid-tier scale.
• Power Metal Resources plc: AIM-listed exploration company with global interests including a farm-in JV with Alara on Block 8 in Oman. Direct peer through joint-venture participation, with comparable copper-gold exploration focus and small-cap status.

Regional players

• Minerals Development Oman (MDO): Omani state-owned mining investment and development company operating across multiple mineral commodities domestically. Comparable to Alara as an Oman-based mining operator with government backing, though at much larger scale and as a national champion rather than a junior miner.

Emerging players

• Investigator Resources: ASX-listed silver and copper explorer with no current production. Comparable to Alara's early-stage exploration projects (Block 8, Al Ajal, Mullaq) in being a small-cap ASX-listed base-metals explorer without operating cash flow.
• South West Pinnacle Exploration Limited: Indian (NSE-listed) mineral exploration company that holds a 17.5% stake in Alara's Al Hadeetha Mining LLC JV and is a 1.56% shareholder of Alara. Comparable as an exploration-focused peer operating in JV structures with mid-tier miners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/alara_resources
• LinkedInlinkedin.com/company/alara-resources-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alara Resources Limited