# AUQ: Annual Mineral Resources and Ore Reserves Statement

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152168

Publisher: asx

Original announcement: 2026-10-13T23:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-14T00:10:52.274Z

Atlas analysis updated: 2026-10-14T00:10:52.274Z

- Company: Alara Resources Limited

- Ticker: AUQ

- Exchange: ASX

- Region: Unavailable

- Primary commodity: Copper

- Secondary commodities: Gold

- Document categories: Resource update

- Extracted: 2026-10-14 00:10:53 UTC

Narrative sentiment: 0.10 · Bullish

## Minestarters Atlas summary

Alara Resources Limited has released its annual Mineral Resources and Ore Reserves statement for the Al Wash-hi Majaza Copper Mine in Oman, effective 30 June 2026. The update shows a total Mineral Resource of 10.23 Mt at 0.78% Cu and 0.25 g/t Au, with 98% in the Measured and Indicated categories, and 47% now Measured, reflecting improved confidence and definition. The Ore Reserve stands at 7.70 Mt at 0.81% Cu and 0.25 g/t Au, all classified as Probable, supporting an 8-year mine life.

Reasoning: The annual resource and reserve update shows increased confidence in the resource classification with a significant portion now Measured, and the resource is now RPEEE-constrained, which is a positive for integrity. However, the overall tonnage has decreased due to the RPEEE constraint and depletion, and all Ore Reserves are classified as Probable due to remaining uncertainties in Modifying Factors, which tempers the positive aspects.

- Positive factor: Increased resource confidence with 98% of Mineral Resources in Measured and Indicated categories, and 47% now Measured.

- Positive factor: Mineral Resource is now RPEEE-constrained for the first time, improving integrity and compliance.

- Positive factor: Both Mineral Resources and Ore Reserves have been independently reviewed and audited by SRK Consulting under JORC Code \(2012\).

- Positive factor: Mine life of approximately 8 years is consistent with commissioning expectations.

- Positive factor: Exploration drilling contributed to a 0.5 Mt increase in Mineral Resources.

- Positive factor: Higher long-term metal prices positively impacted both resource and reserve estimates.

- Negative factor: Overall decrease in Mineral Resources from 13.8 Mt to 10.23 Mt due to RPEEE constraint and mining depletion.

- Negative factor: Overall decrease in Ore Reserves from 8.38 Mt to 7.70 Mt primarily due to mining depletion.

- Negative factor: All Ore Reserves are classified as Probable, with Measured Resources being downgraded to Probable due to uncertainties in Modifying Factors \(tailings storage, environmental approvals, and infrastructure\).

- Negative factor: Gold recovery is low at 26.4% and is noted to be above current plant performance, though deemed not material to the Ore Reserve.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 46

## Classification and evidence

**Category Upgrade**

Polarity: positive

Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: The Mineral Resource confidence has improved, with 98% of the tonnage now classified as Measured and Indicated, and approximately 47% as Measured.

Evidence · text

> Higher resource confidence: 98% of Mineral Resource tonnage is Measured and Indicated, with ~47% now Measured \(4.76 Mt at 0.95% Cu and 0.29 g/t Au\).

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: Both the Mineral Resources and Ore Reserves estimates have been independently reviewed and audited by SRK Consulting under the JORC Code \(2012\).

Evidence · text

> Independently audited: both estimates reviewed and audited by SRK Consulting under the JORC Code \(2012\).

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: SRK Consulting's consultants, Mr Shameek Chattopadhyay and Mr Somnath Gain, act as the Competent Persons for the Mineral Resources and Ore Reserves, respectively.

Evidence · text

> SRK Mining Services \(India\) Private Limited \(SRK Consulting or SRK\), whose consultants act as the Competent Persons for both the Mineral Resources and the Ore Reserves.

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The Mineral Resource is reported at a 0.28% Cu cut-off within a conceptual open pit shell.

Evidence · text

> Reported at a 0.28% Cu cut-off within a conceptual open pit shell.

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The Mineral Resources include 0.22 Mt of Inferred Resources, which is a speculative category with lower confidence.

Evidence · text

> Inferred Resources 0.22 Mt at 0.49% Cu and 0.15 g/t Au

**Category Downgrade**

Polarity: negative

Definition: Resource confidence decreased — Measured downgraded to Indicated, or Indicated to Inferred. Unusual and concerning.

Why it applies: All Ore Reserves are classified as Probable, including the portion derived from Measured Mineral Resources, due to uncertainties in Modifying Factors such as tailings storage, environmental approvals, and infrastructure.

Evidence · text

> All Ore Reserves are classified as Probable, including the portion derived from Measured Mineral Resources. Under Clause 30, 32 of the JORC Code, the Competent Person classified Measured Resources as Probable Ore Reserves because of uncertainty in some Modifying Factors \(tailings storage, environmental approvals and the infrastructure items above\).

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: The Mineral Resource decreased from 13.8 Mt in 2025 to 10.23 Mt in 2026, mainly due to the first-time application of an RPEEE-constrained pit shell and mining depletion. The Ore Reserve also decreased from 8.38 Mt to 7.70 Mt primarily due to mining depletion.

Evidence · text

> Mineral Resource integrity: 13.8 Mt Mineral Inventory \(30 June 2025, not RPEEE-constrained\) → 10.23 Mt Mineral Resource \(30 June 2026, RPEEE\). The decrease is mainly because the Mineral Resource is reported, for the first time, within a conceptual pit shell to demonstrate “Reasonable Prospects for Eventual Economic Extraction” \(RPEEE\) \(−4.60 Mt\), together with mining depleƟon \(−0.90 Mt\).

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: This document provides the annual Mineral Resources and Ore Reserves statement as at 30 June 2026.

Evidence · text

> Annual Mineral Resources and Ore Reserves Statement as at 30 June 2026

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: The Ore Reserve estimate is supported by technical studies at least at a Pre-Feasibility Study \(PFS\) level.

Evidence · text

> Supporting technical studies are at PFS level, informed by operating history.

## Extracted facts

Stored fact records: 46. Some facts used in scoring do not have a stored record.

## Resource Estimates (46)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-0)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:1462b86e290d76123daf
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: measured
- Tonnes: 4760000
- Grade: 0.95
- Grade Unit: %
- Contained Metal: 45
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Measured Resource represents the highest confidence category, with a substantial tonnage and good copper grade for the deposit type, contributing significantly to the overall resource.

- Positive factor: High confidence Measured Resource category.

- Positive factor: Good copper grade for an open pit VMS deposit.

- Positive factor: Significant contained copper metal.

Evidence · table

> 0.95

Context: 4.76

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-1)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:1462b86e290d76123daf
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: measured
- Tonnes: 4760000
- Grade: 0.29
- Grade Unit: g/t
- Contained Metal: 44
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The gold grade provides additional value as a byproduct within the high-confidence Measured Resource, contributing to overall project economics.

- Positive factor: Gold as a valuable byproduct in the Measured Resource category.

Evidence · table

> 0.29

Context: 4.76

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-2)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:2b3d05bd3039e5f0ddce
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 5180000
- Grade: 0.64
- Grade Unit: %
- Contained Metal: 33.2
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Indicated Resource adds substantial tonnage and contained copper, providing a solid base for further economic evaluation and conversion to reserves.

- Positive factor: Indicated Resource provides reasonable geological confidence for future studies.

- Positive factor: Significant contained copper metal.

Evidence · table

> 0.64

Context: 5.18

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-3)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:2b3d05bd3039e5f0ddce
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 5180000
- Grade: 0.21
- Grade Unit: g/t
- Contained Metal: 35.8
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The gold grade provides additional byproduct value within the Indicated Resource, contributing to the overall economic potential of the project.

- Positive factor: Gold as a valuable byproduct in the Indicated Resource category.

Evidence · table

> 0.21

Context: 5.18

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-4)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:83c3dc869cf784dcb1ec
- Deposit or zone: Stockpiles
- Mining method: open\_pit
- Material type: stockpile
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 70000
- Grade: 0.82
- Grade Unit: %
- Contained Metal: 0.6
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Indicated stockpile material adds a small but readily accessible component to the resource, with a good copper grade.

- Positive factor: Stockpiled material provides readily available ore.

Evidence · table

> 0.82

Context: 0.07

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-5)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:83c3dc869cf784dcb1ec
- Deposit or zone: Stockpiles
- Mining method: open\_pit
- Material type: stockpile
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 70000
- Grade: 0.21
- Grade Unit: g/t
- Contained Metal: 0.5
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The gold content in the Indicated stockpile material provides additional byproduct value from an accessible source.

- Positive factor: Gold as a byproduct from readily available stockpile material.

Evidence · table

> 0.21

Context: 0.07

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-6)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:f251aedd9ab2a0e66d0e
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 10000
- Grade: 1.42
- Grade Unit: %
- Contained Metal: 0.2
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A small amount of Inferred copper resource is present, which, despite a high grade, carries lower confidence and requires further drilling for upgrade.

- Positive factor: High copper grade in this small inferred portion.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.42

Context: 0.01

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-7)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:f251aedd9ab2a0e66d0e
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 10000
- Grade: 0.5
- Grade Unit: g/t
- Contained Metal: 0.2
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A small amount of Inferred gold resource is present, which, despite a good grade, carries lower confidence and requires further drilling for upgrade.

- Positive factor: Gold as a byproduct in this small inferred portion.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 0.50

Context: 0.01

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-8)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:8dd74c8c51b225eea02b
- Deposit or zone: Stockpiles
- Mining method: open\_pit
- Material type: stockpile
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 210000
- Grade: 0.45
- Grade Unit: %
- Contained Metal: 0.9
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Inferred stockpile material adds a small amount of copper resource, but its lower confidence category means it requires further validation.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 0.45

Context: 0.21

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-9)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:8dd74c8c51b225eea02b
- Deposit or zone: Stockpiles
- Mining method: open\_pit
- Material type: stockpile
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 210000
- Grade: 0.13
- Grade Unit: g/t
- Contained Metal: 0.9
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Inferred stockpile material adds a small amount of gold resource, but its lower confidence category means it requires further validation.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 0.13

Context: 0.21

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### In situ \(open pit\)

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-10)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:4d48e247f3f6e54daf34
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Tonnes: 9950000
- Grade: 0.79
- Grade Unit: %
- Contained Metal: 78.4
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The total in-situ Mineral Resource for copper represents a substantial portion of the project's potential, with a good average grade.

- Positive factor: Significant total in-situ copper resource.

Evidence · table

> 0.79

Context: 9.95

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### In situ \(open pit\)

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-11)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:4d48e247f3f6e54daf34
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Tonnes: 9950000
- Grade: 0.25
- Grade Unit: g/t
- Contained Metal: 80
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The total in-situ Mineral Resource for gold provides a valuable byproduct component, enhancing the overall project economics.

- Positive factor: Significant total in-situ gold byproduct resource.

Evidence · table

> 0.25

Context: 9.95

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Stockpiles

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-12)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:57c2de6101bca8ae6da1
- Deposit or zone: Stockpiles
- Mining method: open\_pit
- Material type: stockpile
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Tonnes: 280000
- Grade: 0.54
- Grade Unit: %
- Contained Metal: 1.5
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The total stockpile Mineral Resource for copper adds a small but accessible component to the overall resource, with a reasonable grade.

- Positive factor: Stockpiled material provides readily available ore.

Evidence · table

> 0.54

Context: 0.28

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Stockpiles

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-13)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:57c2de6101bca8ae6da1
- Deposit or zone: Stockpiles
- Mining method: open\_pit
- Material type: stockpile
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Tonnes: 280000
- Grade: 0.15
- Grade Unit: g/t
- Contained Metal: 1.4
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The total stockpile Mineral Resource for gold provides additional byproduct value from an accessible source.

- Positive factor: Gold as a byproduct from readily available stockpile material.

Evidence · table

> 0.15

Context: 0.28

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Fact 15

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-14)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:c1b2503e3c66d968a4ab
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Tonnes: 10230000
- Grade: 0.78
- Grade Unit: %
- Contained Metal: 79.9
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 13800000

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The total Mineral Resource for copper, while now RPEEE-constrained for improved integrity, shows a decrease in tonnage compared to the previous estimate, primarily due to the application of the pit shell and depletion.

- Positive factor: Resource is now RPEEE-constrained, improving integrity.

- Positive factor: Good overall copper grade.

- Negative factor: Overall tonnage decrease from prior estimate due to RPEEE constraint and depletion.

Evidence · table

> 0.78

Context: 10.23

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 10230000 against 13800000 previously

### Fact 16

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-15)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:c1b2503e3c66d968a4ab
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Tonnes: 10230000
- Grade: 0.25
- Grade Unit: g/t
- Contained Metal: 81.4
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 13800000

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The total Mineral Resource for gold, as a byproduct, contributes to the project's value, but the overall tonnage has decreased compared to the previous estimate.

- Positive factor: Gold provides valuable byproduct credit.

- Negative factor: Overall tonnage decrease from prior estimate due to RPEEE constraint and depletion.

Evidence · table

> 0.25

Context: 10.23

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 10230000 against 13800000 previously

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-16)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:a49f0b37a337ac6b220b
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: probable
- Tonnes: 7630000
- Grade: 0.81
- Grade Unit: %
- Contained Metal: 61.8
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The in-situ Probable Ore Reserve for copper represents a substantial economically extractable portion, but the classification as Probable, even for material from Measured Resources, indicates remaining uncertainties in Modifying Factors.

- Positive factor: Significant contained copper metal in the Ore Reserve.

- Negative factor: All reserves are Probable, with Measured Resources downgraded due to Modifying Factor uncertainties.

Evidence · table

> 0.81

Context: 7.63

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-17)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:a49f0b37a337ac6b220b
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: probable
- Tonnes: 7630000
- Grade: 0.25
- Grade Unit: g/t
- Contained Metal: 61.3
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The in-situ Probable Ore Reserve for gold, as a byproduct, contributes to the project's economic viability, but the Probable classification indicates remaining uncertainties.

- Positive factor: Gold provides valuable byproduct credit in the Ore Reserve.

- Negative factor: All reserves are Probable, with Measured Resources downgraded due to Modifying Factor uncertainties.

Evidence · table

> 0.25

Context: 7.63

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-18)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:7e7cecb37ae570a16e6d
- Deposit or zone: Stockpiles
- Mining method: open\_pit
- Material type: stockpile
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: probable
- Tonnes: 70000
- Grade: 0.82
- Grade Unit: %
- Contained Metal: 0.6
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Probable Ore Reserve includes a small amount of high-grade copper from stockpiles, offering immediate feed, but is subject to the overall Probable classification.

- Positive factor: Stockpiled material provides readily available ore for the Ore Reserve.

- Negative factor: All reserves are Probable, with Measured Resources downgraded due to Modifying Factor uncertainties.

Evidence · table

> 0.82

Context: 0.07

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-19)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:7e7cecb37ae570a16e6d
- Deposit or zone: Stockpiles
- Mining method: open\_pit
- Material type: stockpile
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: probable
- Tonnes: 70000
- Grade: 0.21
- Grade Unit: g/t
- Contained Metal: 0.5
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Probable Ore Reserve includes gold from stockpiles, providing byproduct value, but is subject to the overall Probable classification due to Modifying Factor uncertainties.

- Positive factor: Gold as a byproduct from readily available stockpile material in the Ore Reserve.

- Negative factor: All reserves are Probable, with Measured Resources downgraded due to Modifying Factor uncertainties.

Evidence · table

> 0.21

Context: 0.07

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-20)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:f55a822d4bdbca386185
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: probable
- Tonnes: 7700000
- Grade: 0.81
- Grade Unit: %
- Contained Metal: 62.4
- Contained Unit: kt
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 8380000

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The total Ore Reserve for copper, while supporting a consistent mine life, shows a decrease in tonnage due to depletion and is entirely classified as Probable due to remaining uncertainties in Modifying Factors.

- Positive factor: Supports an 8-year mine life consistent with expectations.

- Positive factor: Good overall copper grade for the Ore Reserve.

- Negative factor: Overall tonnage decrease from prior estimate due to mining depletion.

- Negative factor: All reserves are Probable, with Measured Resources downgraded due to Modifying Factor uncertainties.

Evidence · table

> 0.81

Context: 7.70

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 7700000 against 8380000 previously

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-21)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:f55a822d4bdbca386185
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: probable
- Tonnes: 7700000
- Grade: 0.25
- Grade Unit: g/t
- Contained Metal: 61.8
- Contained Unit: koz
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30
- Prior Tonnes: 8380000

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The total Ore Reserve for gold, as a byproduct, contributes to the project's value, but the overall tonnage has decreased and the Probable classification indicates remaining uncertainties.

- Positive factor: Gold provides valuable byproduct credit in the Ore Reserve.

- Negative factor: Overall tonnage decrease from prior estimate due to mining depletion.

- Negative factor: All reserves are Probable, with Measured Resources downgraded due to Modifying Factor uncertainties.

Evidence · table

> 0.25

Context: 7.70

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 7700000 against 8380000 previously

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-22)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:a4a3d2fdc103c154bcde
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 5250000
- Grade: 0.64
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Indicated Resource adds substantial tonnage and contained copper, providing a solid base for further economic evaluation and conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated Resource provides reasonable geological confidence for future studies.

- Positive factor: Significant contained copper metal.

Evidence · table

> 0.64

Context: 5.25

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-23)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:a4a3d2fdc103c154bcde
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 5250000
- Grade: 0.21
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Indicated Resource adds substantial tonnage and contained copper, providing a solid base for further economic evaluation and conversion to reserves. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated Resource provides reasonable geological confidence for future studies.

- Positive factor: Significant contained copper metal.

Evidence · table

> 0.21

Context: 5.25

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-24)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:13b40f161373251ae1be
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 220000
- Grade: 0.49
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A small amount of Inferred copper resource is present, which, despite a high grade, carries lower confidence and requires further drilling for upgrade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High copper grade in this small inferred portion.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 0.49

Context: 0.22

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-25)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:13b40f161373251ae1be
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 220000
- Grade: 0.15
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A small amount of Inferred copper resource is present, which, despite a high grade, carries lower confidence and requires further drilling for upgrade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High copper grade in this small inferred portion.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 0.15

Context: 0.22

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-26)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:45dfab1def888d3fcdb6
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 10230000
- Grade: 0.78
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A small amount of Inferred copper resource is present, which, despite a high grade, carries lower confidence and requires further drilling for upgrade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High copper grade in this small inferred portion.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 0.78

Context: 10.23

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-27)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:45dfab1def888d3fcdb6
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 10230000
- Grade: 0.25
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A small amount of Inferred copper resource is present, which, despite a high grade, carries lower confidence and requires further drilling for upgrade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High copper grade in this small inferred portion.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 0.25

Context: 10.23

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-28)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:9a91846ee58a7046a79b
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: proven
- Tonnes: 0
- Grade: 0
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Measured Resource represents the highest confidence category, with a substantial tonnage and good copper grade for the deposit type, contributing significantly to the overall resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence Measured Resource category.

- Positive factor: Good copper grade for an open pit VMS deposit.

- Positive factor: Significant contained copper metal.

Evidence · table

> 0.00

Context: 0.00

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-29)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:9a91846ee58a7046a79b
- Deposit or zone: In situ \(open pit\)
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: proven
- Tonnes: 0
- Grade: 0
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: The Measured Resource represents the highest confidence category, with a substantial tonnage and good copper grade for the deposit type, contributing significantly to the overall resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence Measured Resource category.

- Positive factor: Good copper grade for an open pit VMS deposit.

- Positive factor: Significant contained copper metal.

Evidence · table

> 0.00

Context: 0.00

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-30)

Al Wash-hi Majaza Copper Mine · copper

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: copper
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:b4ada69425512b360464
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 7700000
- Grade: 0.81
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A small amount of Inferred copper resource is present, which, despite a high grade, carries lower confidence and requires further drilling for upgrade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High copper grade in this small inferred portion.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 0.81

Context: 7.70

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-31)

Al Wash-hi Majaza Copper Mine · gold

#### Identity

- Project: Al Wash-hi Majaza Copper Mine
- Commodity: gold
- Region: oman
- Reported Region: Oman
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Shameek Chattopadhyay, Somnath Gain
- Resource group id: resource:b4ada69425512b360464
- Mining method: open\_pit
- Ownership percent: 51 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 7700000
- Grade: 0.25
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2026-06-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Location

- CRS: WGS84 / UTM Zone 40N
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A small amount of Inferred copper resource is present, which, despite a high grade, carries lower confidence and requires further drilling for upgrade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High copper grade in this small inferred portion.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 0.25

Context: 7.70

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-32)

Audited Mineral Resource statement for the Al Wash-hi Majaza · copper

#### Identity

- Project: Audited Mineral Resource statement for the Al Wash-hi Majaza
- Commodity: copper
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:8ee29e8a9948b4a408fc
- Mining method: open\_pit

#### Resource Data

- Category: measured
- Tonnes: 4760000
- Grade: 0.95
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.95

Context: 4.76

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-33)

Audited Mineral Resource statement for the Al Wash-hi Majaza · gold

#### Identity

- Project: Audited Mineral Resource statement for the Al Wash-hi Majaza
- Commodity: gold
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:8ee29e8a9948b4a408fc
- Mining method: open\_pit

#### Resource Data

- Category: measured
- Tonnes: 4760000
- Grade: 0.29
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.29

Context: 4.76

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-34)

Audited Mineral Resource statement for the Al Wash-hi Majaza · copper

#### Identity

- Project: Audited Mineral Resource statement for the Al Wash-hi Majaza
- Commodity: copper
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:b7caeed405ee97e6b938
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 5250000
- Grade: 0.64
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.64

Context: 5.25

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-35)

Audited Mineral Resource statement for the Al Wash-hi Majaza · gold

#### Identity

- Project: Audited Mineral Resource statement for the Al Wash-hi Majaza
- Commodity: gold
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:b7caeed405ee97e6b938
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 5250000
- Grade: 0.21
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.21

Context: 5.25

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-36)

Audited Mineral Resource statement for the Al Wash-hi Majaza · copper

#### Identity

- Project: Audited Mineral Resource statement for the Al Wash-hi Majaza
- Commodity: copper
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:46cb6a1652179e63ca90
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 10010000
- Grade: 0.79
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.79

Context: 10.01

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-37)

Audited Mineral Resource statement for the Al Wash-hi Majaza · gold

#### Identity

- Project: Audited Mineral Resource statement for the Al Wash-hi Majaza
- Commodity: gold
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:46cb6a1652179e63ca90
- Mining method: open\_pit

#### Resource Data

- Category: indicated
- Tonnes: 10010000
- Grade: 0.25
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.25

Context: 10.01

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-38)

Audited Mineral Resource statement for the Al Wash-hi Majaza · copper

#### Identity

- Project: Audited Mineral Resource statement for the Al Wash-hi Majaza
- Commodity: copper
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:59d15752313ad8df44b2
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 220000
- Grade: 0.49
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.49

Context: 0.22

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-39)

Audited Mineral Resource statement for the Al Wash-hi Majaza · gold

#### Identity

- Project: Audited Mineral Resource statement for the Al Wash-hi Majaza
- Commodity: gold
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:59d15752313ad8df44b2
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 220000
- Grade: 0.15
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.15

Context: 0.22

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-40)

Audited Mineral Resource statement for the Al Wash-hi Majaza · copper

#### Identity

- Project: Audited Mineral Resource statement for the Al Wash-hi Majaza
- Commodity: copper
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:fd9bfa675ff1944b8e3d
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 10230000
- Grade: 0.78
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.78

Context: 10.23

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-41)

Audited Mineral Resource statement for the Al Wash-hi Majaza · gold

#### Identity

- Project: Audited Mineral Resource statement for the Al Wash-hi Majaza
- Commodity: gold
- Ticker: AUQ

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:fd9bfa675ff1944b8e3d
- Mining method: open\_pit

#### Resource Data

- Category: inferred
- Tonnes: 10230000
- Grade: 0.25
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.25

Context: 10.23

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-42)

Audited Ore Reserve statement for the Al Wash-hi Majaza · copper

#### Identity

- Project: Audited Ore Reserve statement for the Al Wash-hi Majaza
- Commodity: copper
- Ticker: AUQ

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:ac012de852badde142b4
- Mining method: open\_pit

#### Resource Data

- Category: proven
- Tonnes: 0
- Grade: 0
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.00

Context: 0.00

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-43)

Audited Ore Reserve statement for the Al Wash-hi Majaza · gold

#### Identity

- Project: Audited Ore Reserve statement for the Al Wash-hi Majaza
- Commodity: gold
- Ticker: AUQ

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:ac012de852badde142b4
- Mining method: open\_pit

#### Resource Data

- Category: proven
- Tonnes: 0
- Grade: 0
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.00

Context: 0.00

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-44)

Audited Ore Reserve statement for the Al Wash-hi Majaza · copper

#### Identity

- Project: Audited Ore Reserve statement for the Al Wash-hi Majaza
- Commodity: copper
- Ticker: AUQ

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:727949ba2316abf1265b
- Mining method: open\_pit

#### Resource Data

- Category: probable
- Tonnes: 7700000
- Grade: 0.81
- Grade Unit: %
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.81

Context: 7.70

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-mineral-resources-and-ore-reserves-statement--bba79f0c-7bf7-4789-a386-562641b3901c#fact-resource-facts-45)

Audited Ore Reserve statement for the Al Wash-hi Majaza · gold

#### Identity

- Project: Audited Ore Reserve statement for the Al Wash-hi Majaza
- Commodity: gold
- Ticker: AUQ

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-06-30T00:00:00.000Z
- Reporting standards: jorc
- Resource group id: resource:727949ba2316abf1265b
- Mining method: open\_pit

#### Resource Data

- Category: probable
- Tonnes: 7700000
- Grade: 0.25
- Grade Unit: g/t
- Cutoff Grade: 0.28
- Cutoff Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 0.25

Context: 7.70

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.