Alara Resources Limited
AASX:AUQ0.06
AUD
+0.00
(-1.59%)
Alara Resources Limited
ASX:AUQ
(Australian Securities Exchange)
Recent
price
0.06
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Alara Resources Limited Alara Resources Limited (ASX:AUQ) engages in mineral exploration, development and production focused on copper-gold projects in Oman. The company operates the Al Wash-hi Majaza Copper-Gold mine and concentrate production facility southwest of Muscat in the Sultanate of Oman, where it holds a 51% interest through Al Hadeetha Resources LLC; it also advances exploration across multiple Omani licenses including Block 7 under the Daris joint venture, Mullaq and Al Ajal under the Al Hadeetha joint venture, Block 8 under the Awtad Copper-Power Metal joint venture, and the recently awarded Block 22B exploration license under the Al Hadeetha Mining LLC joint venture. Alara Resources explores for copper, gold, zinc and silver deposits, targeting base and precious metals to support clean energy transition applications such as electric vehicles and renewable infrastructure; its projects emphasize copper-gold mineralization with ongoing drilling and resource delineation activities. Founded in 2006 and headquartered in Balcatta, Western Australia, the company primarily serves international mining markets with operations concentrated in Oman alongside historical interests in Australia and Saudi Arabia. In recent developments, Alara Resources receives its second mining license in Oman in August 2025, expanding production capacity at Al Wash-hi Majaza following project commissioning updates in early 2024; it secures a long-term process water supply agreement with Oman Water & Wastewater Services Company SAOC, including upgrades to a sewage treatment plant for sustainable operations, and progresses joint ventures such as Awtad with Power Metal Resources providing up to US$740,000 in funding for exploration through 2025. The company, formerly known as Alara Uranium Limited until 2008, employs seven staff and maintains strategic alliances with local Omani partners like Al Tasnim Infrastructure LLC, a major shareholder holding approximately 13.88% of shares.