AUQ: Annual Report
Original announcement by asx on
- Company
- Alara Resources Limited
- Ticker
- AUQ
- Exchange
- ASX
- Region
- Oman
- Primary commodity
- Copper
- Secondary commodities
- Gold
- Document categories
- Resource update, Drill results, Production
- Extracted
- 2026-09-30 08:32:51 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Alara Resources Limited reported a profit after tax of $19.67 million for FY26, driven by strong production at its Al Wash-hi Majaza Copper-Gold Mine in Oman, which continued to outperform nameplate capacity. The company successfully defended legal proceedings challenging its project activities and licenses. However, the Al Wash-hi Majaza Mineral Resources and Ore Reserves decreased due to mining depletion, and the company noted a material uncertainty related to going concern, requiring further capital raises.
Reasoning: The company achieved profitability and strong production, and successfully navigated legal challenges. However, resource depletion and ongoing financial uncertainties temper the overall positive outlook.
Positive factors
- Company reported a profit after tax for the year
- Al Wash-hi Majaza mine and concentrator production outperformed nameplate capacity
- Legal proceedings against the Al Wash-hi Majaza project were dismissed in the first instance
- Ongoing exploration programs are advancing at multiple projects
Negative factors
- Mineral Resources and Ore Reserves for Al Wash-hi Majaza decreased due to mining depletion
- Material uncertainty related to going concern was noted, requiring further capital raises
- Geopolitical tensions in the region caused shipping challenges and delayed concentrate revenue inflows
- Daris East resource estimate is historical and not updated to JORC 2012 standards
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 24
Classification and evidence
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: Mineral Resources (inclusive of Ore Reserves) decreased by 0.90Mt, from 13.80Mt at 0.86% Cu and 0.21 g/t Au to 12.90Mt at 0.85% Cu and 0.21 g/t Au, and Ore Reserves decreased by 0.90Mt, from 8.38Mt at 0.88% Cu and 0.21 g/t Au to 7.48Mt at 0.88% Cu and 0.21 g/t Au.
Evidence · text
“Mineral Resources (inclusive of Ore Reserves) decreased by 0.90Mt, from 13.80Mt at 0.86% Cu and 0.21 g/t Au to 12.90Mt at 0.85% Cu and 0.21 g/t Au, and Ore Reserves decreased by 0.90Mt, from 8.38Mt at 0.88% Cu and 0.21 g/t Au to 7.48Mt at 0.87% Cu and 0.20 g/t Au.”
QP/CP Signedpositive
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: The Mineral Resources and Ore Reserves are based on information compiled by Manish Tomar, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy (AusIMM).
Evidence · text
“The information in this Report that relates to Mineral Resources and Ore Reserves is based on, and fairly represents, information and supporting documentation compiled by Manish Tomar, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy (AusIMM).”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resources and Ore Reserves are reported in accordance with the JORC Code (2012 Edition).
Evidence · text
“They are reported in accordance with the JORC Code (2012 Edition) and ASX Listing Rule 5.21.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides an update to the Mineral Resources and Ore Reserves for the Al Wash-hi Majaza Copper-Gold Mine as at 30 June 2026.
Evidence · text
“Al Wash-hi Majaza Copper-Gold Mine – Mineral Resources and Ore Reserves as at 30 June 2026”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Daris East mineral resource was initially prepared and disclosed under the JORC Code 2004 and has not been updated to comply with JORC Code 2012.
Evidence · text
“The information in the JORC Resource tables were initially prepared and first disclosed under the JORC Code 2004 (refer ASX Announcement 1 February 2013 ‘December 2012 Quarterly Report’). The Mineral Resource Estimate has not been updated since to comply with JORC Code 2012 on the basis that the information has not materially changed since it was last reported.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Daris East mineral resource is reported at a cut-off grade of 0.5% Cu.
Evidence · text
“at cut-off grade of 0.5%Cu”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The drilling program included 11 Quality Assurance (QA) samples distributed throughout the batch, and all samples were prepared and analysed by ALS Arabia Biyaq in Oman.
Evidence · text
“A total of 156 half-core samples were cut using a diamond saw with 11 Quality Assurance (QA) samples distributed throughout the batch. All samples were prepared and analysed by ALS Arabia Biyaq in Oman.”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The drilling identified a significant sulphide mineralisation with a >1% Cu intersection in hole AM25DD001.
Evidence · text
“The >1 % Cu intersection in hole AM25DD001, along with the other geochemically anomalous zones, offer great encouragement and targets for the next phases of work.”
Geopolitical Risknegative · Story-specific tag
No canonical definition is currently available.
Why it applies: Geopolitical tensions in the Middle East near the Strait of Hormuz have disrupted shipping, raised freight and insurance costs, and delayed concentrate sales receipts.
Evidence · text
“Geopolitical risk and regional instability: Conflict in the Middle East near the Strait of Hormuz has disrupted shipping, raised freight and insurance costs, and delayed concentrate sales receipts.”
Going Concernnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The Directors considered a cash flow forecast indicating a shortfall of approximately AUD 2.80 million over the next 12 months, requiring further capital raises, which indicates a material uncertainty related to going concern.
Evidence · text
“To be prudent, these factors indicate some material uncertainty related to going concern.”
Extracted facts
Stored fact records: 24. Some facts used in scoring do not have a stored record.
Drill Results (1)
AM25DD001Awtad Project (Block 8) · copperGrade: 1Grade Unit: %View all detailsHide details
Identity
- Hole ID
- AM25DD001
- Project
- Awtad Project (Block 8)
- Commodity
- copper
- Region
- oman
- Reported Region
- oman
- Ticker
- AUQ
Geometry
- Grade
- 1
- Grade Unit
- %
Classification
- Sample Type
- drill
QA/QC
- Laboratory
- ALS Arabia Biyaq
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: A >1% copper intersection in hole AM25DD001 is a positive indicator of mineralisation, supported by disclosed QA/QC, though the lack of specific interval length and its peripheral nature temper the immediate impact.
Positive factors
- Significant sulphide mineralisation identified
- High copper grade (>1%) in the intersection
- QA/QC procedures disclosed, including certified lab
Negative factors
- Specific intercept length not provided in this document
- Results are from a peripheral zone, not necessarily the core of the mineralisation
Evidence · text
“The >1 % Cu intersection in hole AM25DD001, along with the other geochemically anomalous zones, offer great encouragement and targets for the next phases of work.”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (23)
indicatedAl Wash-hi Majaza Copper-Gold Mine · copperTonnes: 10260000Grade: 0.87Grade Unit: %View all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold 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
- Manish Tomar
- Resource group id
- resource:67ae5a60b50f4eea03fe
Resource Data
- Category
- indicated
- Tonnes
- 10260000
- Grade
- 0.87
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 11150000
- Prior Grade
- 0.88
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The indicated copper resource shows a slight decrease in tonnage and grade from the previous year, primarily due to mining depletion, which is a negative but expected outcome for an operating mine.
Positive factors
- Resource is JORC 2012 compliant and signed off by a Competent Person
Negative factors
- Indicated tonnage and grade decreased from the prior year due to mining depletion
Evidence · table
“0.87”
Context: 10.26
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 10260000 against 11150000 previously
indicatedAl Wash-hi Majaza Copper-Gold Mine · goldTonnes: 10260000Grade: 0.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold 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
- Manish Tomar
- Resource group id
- resource:67ae5a60b50f4eea03fe
Resource Data
- Category
- indicated
- Tonnes
- 10260000
- Grade
- 0.2
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 11150000
- Prior Grade
- 0.21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The indicated gold resource shows a slight decrease in tonnage and grade from the previous year, primarily due to mining depletion, which is a negative but expected outcome for an operating mine.
Positive factors
- Resource is JORC 2012 compliant and signed off by a Competent Person
Negative factors
- Indicated tonnage and grade decreased from the prior year due to mining depletion
Evidence · table
“0.20”
Context: 10.26
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 10260000 against 11150000 previously
inferredAl Wash-hi Majaza Copper-Gold Mine · copperTonnes: 2640000Grade: 0.78Grade Unit: %View all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold 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
- Manish Tomar
- Resource group id
- resource:74483d71b8794b45e054
Resource Data
- Category
- inferred
- Tonnes
- 2640000
- Grade
- 0.78
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 2640000
- Prior Grade
- 0.78
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The inferred copper resource remains unchanged from the prior year, indicating no new additions or depletion in this category.
Positive factors
- Resource is JORC 2012 compliant and signed off by a Competent Person
Evidence · table
“0.78”
Context: 2.64
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAl Wash-hi Majaza Copper-Gold Mine · goldTonnes: 2640000Grade: 0.23Grade Unit: g/tView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold 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
- Manish Tomar
- Resource group id
- resource:74483d71b8794b45e054
Resource Data
- Category
- inferred
- Tonnes
- 2640000
- Grade
- 0.23
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 2640000
- Prior Grade
- 0.23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The inferred gold resource remains unchanged from the prior year, indicating no new additions or depletion in this category.
Positive factors
- Resource is JORC 2012 compliant and signed off by a Competent Person
Evidence · table
“0.23”
Context: 2.64
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAl Wash-hi Majaza Copper-Gold Mine · copperTonnes: 11150000Grade: 0.88Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- copper
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Manish Tomar
- Resource group id
- resource:9b9265578a0178ba9535
Resource Data
- Category
- indicated
- Tonnes
- 11150000
- Grade
- 0.88
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-14T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a historical resource estimate provided for comparison with the current year's figures.
Evidence · table
“0.88”
Context: 11.15
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAl Wash-hi Majaza Copper-Gold Mine · goldTonnes: 11150000Grade: 0.21Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- gold
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Manish Tomar
- Resource group id
- resource:9b9265578a0178ba9535
Resource Data
- Category
- indicated
- Tonnes
- 11150000
- Grade
- 0.21
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-14T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a historical resource estimate provided for comparison with the current year's figures.
Evidence · table
“0.21”
Context: 11.15
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAl Wash-hi Majaza Copper-Gold Mine · copperTonnes: 2640000Grade: 0.78Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- copper
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Manish Tomar
- Resource group id
- resource:cd3aca3fd579d1834123
Resource Data
- Category
- inferred
- Tonnes
- 2640000
- Grade
- 0.78
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-14T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a historical resource estimate provided for comparison with the current year's figures.
Evidence · table
“0.78”
Context: 2.64
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAl Wash-hi Majaza Copper-Gold Mine · goldTonnes: 2640000Grade: 0.23Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- gold
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Manish Tomar
- Resource group id
- resource:cd3aca3fd579d1834123
Resource Data
- Category
- inferred
- Tonnes
- 2640000
- Grade
- 0.23
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-14T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a historical resource estimate provided for comparison with the current year's figures.
Evidence · table
“0.23”
Context: 2.64
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAl Wash-hi Majaza Copper-Gold Mine · copperTonnes: 2750000Grade: 0.73Grade Unit: %View all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold 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
- Manish Tomar
- Resource group id
- resource:fdd9d8a939a694baefd0
Resource Data
- Category
- indicated
- Tonnes
- 2750000
- Grade
- 0.73
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 2750000
- Prior Grade
- 0.73
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The indicated copper resource (exclusive of reserves) remains unchanged from the prior year, indicating no new additions or depletion in this category.
Positive factors
- Resource is JORC 2012 compliant and signed off by a Competent Person
Evidence · table
“0.73”
Context: 2.75
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAl Wash-hi Majaza Copper-Gold Mine · goldTonnes: 2750000Grade: 0.16Grade Unit: g/tView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold 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
- Manish Tomar
- Resource group id
- resource:fdd9d8a939a694baefd0
Resource Data
- Category
- indicated
- Tonnes
- 2750000
- Grade
- 0.16
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 2750000
- Prior Grade
- 0.16
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The indicated gold resource (exclusive of reserves) remains unchanged from the prior year, indicating no new additions or depletion in this category.
Positive factors
- Resource is JORC 2012 compliant and signed off by a Competent Person
Evidence · table
“0.16”
Context: 2.75
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAl Wash-hi Majaza Copper-Gold Mine · copperTonnes: 2640000Grade: 0.78Grade Unit: %View all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold 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
- Manish Tomar
- Resource group id
- resource:74483d71b8794b45e054
Resource Data
- Category
- inferred
- Tonnes
- 2640000
- Grade
- 0.78
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 2640000
- Prior Grade
- 0.78
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The inferred copper resource (exclusive of reserves) remains unchanged from the prior year, indicating no new additions or depletion in this category.
Positive factors
- Resource is JORC 2012 compliant and signed off by a Competent Person
Evidence · table
“0.78”
Context: 2.64
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAl Wash-hi Majaza Copper-Gold Mine · goldTonnes: 2640000Grade: 0.23Grade Unit: g/tView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold 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
- Manish Tomar
- Resource group id
- resource:74483d71b8794b45e054
Resource Data
- Category
- inferred
- Tonnes
- 2640000
- Grade
- 0.23
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 2640000
- Prior Grade
- 0.23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The inferred gold resource (exclusive of reserves) remains unchanged from the prior year, indicating no new additions or depletion in this category.
Positive factors
- Resource is JORC 2012 compliant and signed off by a Competent Person
Evidence · table
“0.23”
Context: 2.64
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAl Wash-hi Majaza Copper-Gold Mine · copperTonnes: 2750000Grade: 0.73Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- copper
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Manish Tomar
- Resource group id
- resource:cb0d6a68a593f1dd2664
Resource Data
- Category
- indicated
- Tonnes
- 2750000
- Grade
- 0.73
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-14T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a historical resource estimate provided for comparison with the current year's figures.
Evidence · table
“0.73”
Context: 2.75
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAl Wash-hi Majaza Copper-Gold Mine · goldTonnes: 2750000Grade: 0.16Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- gold
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Manish Tomar
- Resource group id
- resource:cb0d6a68a593f1dd2664
Resource Data
- Category
- indicated
- Tonnes
- 2750000
- Grade
- 0.16
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-14T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a historical resource estimate provided for comparison with the current year's figures.
Evidence · table
“0.16”
Context: 2.75
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAl Wash-hi Majaza Copper-Gold Mine · copperTonnes: 2640000Grade: 0.78Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- copper
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Manish Tomar
- Resource group id
- resource:cd3aca3fd579d1834123
Resource Data
- Category
- inferred
- Tonnes
- 2640000
- Grade
- 0.78
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-14T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a historical resource estimate provided for comparison with the current year's figures.
Evidence · table
“0.78”
Context: 2.64
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAl Wash-hi Majaza Copper-Gold Mine · goldTonnes: 2640000Grade: 0.23Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- gold
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Manish Tomar
- Resource group id
- resource:cd3aca3fd579d1834123
Resource Data
- Category
- inferred
- Tonnes
- 2640000
- Grade
- 0.23
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-14T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a historical resource estimate provided for comparison with the current year's figures.
Evidence · table
“0.23”
Context: 2.64
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableAl Wash-hi Majaza Copper-Gold Mine · copperTonnes: 7480000Grade: 0.87Grade Unit: %View all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold 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
- Manish Tomar
- Resource group id
- resource:a5e6bee353398c971830
Resource Data
- Category
- probable
- Tonnes
- 7480000
- Grade
- 0.87
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 8380000
- Prior Grade
- 0.88
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The probable copper reserve shows a significant decrease in tonnage and a slight decrease in grade from the previous year, primarily due to mining depletion, which is a negative but expected outcome for an operating mine.
Positive factors
- Reserve is JORC 2012 compliant and signed off by a Competent Person
Negative factors
- Probable reserve tonnage and grade decreased from the prior year due to mining depletion
Evidence · table
“0.87”
Context: 7.48
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 7480000 against 8380000 previously
probableAl Wash-hi Majaza Copper-Gold Mine · goldTonnes: 7480000Grade: 0.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold 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
- Manish Tomar
- Resource group id
- resource:a5e6bee353398c971830
Resource Data
- Category
- probable
- Tonnes
- 7480000
- Grade
- 0.2
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 8380000
- Prior Grade
- 0.21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The probable gold reserve shows a significant decrease in tonnage and a slight decrease in grade from the previous year, primarily due to mining depletion, which is a negative but expected outcome for an operating mine.
Positive factors
- Reserve is JORC 2012 compliant and signed off by a Competent Person
Negative factors
- Probable reserve tonnage and grade decreased from the prior year due to mining depletion
Evidence · table
“0.20”
Context: 7.48
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 7480000 against 8380000 previously
probableAl Wash-hi Majaza Copper-Gold Mine · copperTonnes: 8380000Grade: 0.88Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- copper
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Manish Tomar
- Resource group id
- resource:88763ab06c1218b6d40e
Resource Data
- Category
- probable
- Tonnes
- 8380000
- Grade
- 0.88
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-14T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a historical reserve estimate provided for comparison with the current year's figures.
Evidence · table
“0.88”
Context: 8.38
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableAl Wash-hi Majaza Copper-Gold Mine · goldTonnes: 8380000Grade: 0.21Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- gold
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Manish Tomar
- Resource group id
- resource:88763ab06c1218b6d40e
Resource Data
- Category
- probable
- Tonnes
- 8380000
- Grade
- 0.21
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-14T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a historical reserve estimate provided for comparison with the current year's figures.
Evidence · table
“0.21”
Context: 8.38
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredDaris East · copperTonnes: 129155Grade: 2.48Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Daris East
- Commodity
- copper
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:b86a7a4c19b78c2dfaa2
Resource Data
- Category
- measured
- Tonnes
- 129155
- Grade
- 2.48
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- %Cu
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The measured copper resource at Daris East shows a high grade, but the estimate is historical and not compliant with current JORC standards, which reduces its reliability and confidence.
Positive factors
- High copper grade for the measured resource
- Cut-off grade is disclosed
Negative factors
- Resource estimate is historical and not updated to JORC 2012 standards
- No QP/CP sign-off for the current report
Evidence · text
“Measured 129,155t @ 2.48%Cu”
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 13.7 years before this release
indicatedDaris East · copperTonnes: 110870Grade: 2.24Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Daris East
- Commodity
- copper
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:fb69b453308073a50f3f
Resource Data
- Category
- indicated
- Tonnes
- 110870
- Grade
- 2.24
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- %Cu
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The indicated copper resource at Daris East shows a high grade, but the estimate is historical and not compliant with current JORC standards, which reduces its reliability and confidence.
Positive factors
- High copper grade for the indicated resource
- Cut-off grade is disclosed
Negative factors
- Resource estimate is historical and not updated to JORC 2012 standards
- No QP/CP sign-off for the current report
Evidence · text
“Indicated 110,870t @ 2.24%Cu”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 13.7 years before this release
Fact 23Al Wash-hi Majaza Copper-Gold Mine · copperView all detailsHide details
Identity
- Project
- Al Wash-hi Majaza Copper-Gold Mine
- Commodity
- copper
- Region
- oman
- Reported Region
- Oman
- Ticker
- AUQ
Resource scope
- Resource group id
- resource:3fb981d2ee8b7fd03459
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The production of 8,071 tonnes of copper metal, coupled with the mine outperforming its nameplate capacity, indicates strong operational success and is a highly positive factor for the company.
Positive factors
- Strong production performance, outperforming nameplate capacity
- Significant copper metal produced during the financial year
Evidence · table
“8,071”
Context: Copper MT1
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
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.