Introduction to Alara Resources' concentrate production in Oman

Alara Resources Limited (ASX: $AUQ) has successfully commenced concentrate production at its 1 MTPA Al Wash-hi - Majaza copper-gold mine and copper concentrate plant in Oman. The mine, owned and operated by Algra's 51% joint venture company, Al Hadeetha Resources LLC (AHRL), is set to ramp up production to full capacity over the next 2 to 3 months. The first shipment of approximately 1000 dry metric tons of copper concentrate to Trafigura is expected in April 2024.

Executive commentary on concentrate production commencement

The commencement of concentrate production is a momentous occasion for Alara and its shareholders. This represents the culmination of 12 years' hard work, from project site identification through resource definition, detailed engineering studies, debt and equity financing, and the recently completed construction phase. Alara's joint venture partners in AHRL, Omani conglomerates Al Naba Services and Al Tasnim Enterprises, have made an invaluable contribution to bringing this mine to production. Alara looks forward to becoming a mid-tier mining production company, focusing on developing existing exploration projects and new acquisitions.

Summary of Alara Resources' concentrate production and outlook

Alara Resources (ASX: $AUQ) has successfully commenced concentrate production at its Al Wash-hi - Majaza copper-gold mine in Oman, with plans to ramp up production to full capacity over the next 2 to 3 months. The first shipment of approximately 1000 dry metric tons of copper concentrate to Trafigura is expected in April 2024. The company expresses gratitude to its joint venture partners and shareholders for their support. Alara's mission is to become a mid-tier minerals producer, focusing on profitable growth driven by low-cost, sustainable operations. The company aims to deliver maximum shareholder value through its endeavors in Oman and other exploration projects.