# AUQ: Annual Report

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146553

Publisher: asx

Original announcement: 2026-09-30T07:23:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-30T08:32:50.545Z

Atlas analysis updated: 2026-09-30T08:32:50.545Z

- 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

Narrative sentiment: 0.10 · Bullish

## Minestarters Atlas 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 factor: Company reported a profit after tax for the year

- Positive factor: Al Wash-hi Majaza mine and concentrator production outperformed nameplate capacity

- Positive factor: Legal proceedings against the Al Wash-hi Majaza project were dismissed in the first instance

- Positive factor: Ongoing exploration programs are advancing at multiple projects

- Negative factor: Mineral Resources and Ore Reserves for Al Wash-hi Majaza decreased due to mining depletion

- Negative factor: Material uncertainty related to going concern was noted, requiring further capital raises

- Negative factor: Geopolitical tensions in the region caused shipping challenges and delayed concentrate revenue inflows

- Negative factor: 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 Decline**

Polarity: negative

Definition: 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 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: 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 Compliant**

Polarity: positive

Definition: 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 Update**

Polarity: neutral

Definition: 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 Only**

Polarity: negative

Definition: 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 Disclosed**

Polarity: positive

Definition: 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 Disclosed**

Polarity: positive

Definition: 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 Intercept**

Polarity: positive

Definition: 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 Risk**

Polarity: negative

Story-specific tag

Definition: 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 Concern**

Polarity: negative

Story-specific tag

Definition: 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)

### AM25DD001

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-drill-facts-22)

Awtad Project \(Block 8\) · copper

#### 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 factor: Significant sulphide mineralisation identified

- Positive factor: High copper grade \(>1%\) in the intersection

- Positive factor: QA/QC procedures disclosed, including certified lab

- Negative factor: Specific intercept length not provided in this document

- Negative factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## Resource Estimates (23)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-0)

Al Wash-hi Majaza Copper-Gold Mine · copper

#### 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 factor: Resource is JORC 2012 compliant and signed off by a Competent Person

- Negative factor: 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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

**Tonnage Decline**

Polarity: negative

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

Why it applies: 10260000 against 11150000 previously

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-1)

Al Wash-hi Majaza Copper-Gold Mine · gold

#### 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 factor: Resource is JORC 2012 compliant and signed off by a Competent Person

- Negative factor: 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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

**Tonnage Decline**

Polarity: negative

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

Why it applies: 10260000 against 11150000 previously

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-2)

Al Wash-hi Majaza Copper-Gold Mine · copper

#### 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 factor: Resource is JORC 2012 compliant and signed off by a Competent Person

Evidence · table

> 0.78

Context: 2.64

#### 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-3)

Al Wash-hi Majaza Copper-Gold Mine · gold

#### 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 factor: Resource is JORC 2012 compliant and signed off by a Competent Person

Evidence · table

> 0.23

Context: 2.64

#### 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-4)

Al Wash-hi Majaza Copper-Gold Mine · copper

Historical result

Needs review: historical\_restatement

#### 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-5)

Al Wash-hi Majaza Copper-Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-6)

Al Wash-hi Majaza Copper-Gold Mine · copper

Historical result

Needs review: historical\_restatement

#### 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-7)

Al Wash-hi Majaza Copper-Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-8)

Al Wash-hi Majaza Copper-Gold Mine · copper

#### 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 factor: Resource is JORC 2012 compliant and signed off by a Competent Person

Evidence · table

> 0.73

Context: 2.75

#### 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-9)

Al Wash-hi Majaza Copper-Gold Mine · gold

#### 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 factor: Resource is JORC 2012 compliant and signed off by a Competent Person

Evidence · table

> 0.16

Context: 2.75

#### 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-10)

Al Wash-hi Majaza Copper-Gold Mine · copper

#### 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 factor: Resource is JORC 2012 compliant and signed off by a Competent Person

Evidence · table

> 0.78

Context: 2.64

#### 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-11)

Al Wash-hi Majaza Copper-Gold Mine · gold

#### 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 factor: Resource is JORC 2012 compliant and signed off by a Competent Person

Evidence · table

> 0.23

Context: 2.64

#### 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-12)

Al Wash-hi Majaza Copper-Gold Mine · copper

Historical result

Needs review: historical\_restatement

#### 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-13)

Al Wash-hi Majaza Copper-Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-14)

Al Wash-hi Majaza Copper-Gold Mine · copper

Historical result

Needs review: historical\_restatement

#### 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-15)

Al Wash-hi Majaza Copper-Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-16)

Al Wash-hi Majaza Copper-Gold Mine · copper

#### 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 factor: Reserve is JORC 2012 compliant and signed off by a Competent Person

- Negative factor: 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 Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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

**Tonnage Decline**

Polarity: negative

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

Why it applies: 7480000 against 8380000 previously

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-17)

Al Wash-hi Majaza Copper-Gold Mine · gold

#### 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 factor: Reserve is JORC 2012 compliant and signed off by a Competent Person

- Negative factor: 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 Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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

**Tonnage Decline**

Polarity: negative

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

Why it applies: 7480000 against 8380000 previously

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-18)

Al Wash-hi Majaza Copper-Gold Mine · copper

Historical result

Needs review: historical\_restatement

#### 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 Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-19)

Al Wash-hi Majaza Copper-Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### 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 Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-20)

Daris East · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: High copper grade for the measured resource

- Positive factor: Cut-off grade is disclosed

- Negative factor: Resource estimate is historical and not updated to JORC 2012 standards

- Negative factor: No QP/CP sign-off for the current report

Evidence · text

> Measured 129,155t @ 2.48%Cu

#### 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

**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

**Stale Estimate**

Polarity: negative

Definition: 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-21)

Daris East · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: High copper grade for the indicated resource

- Positive factor: Cut-off grade is disclosed

- Negative factor: Resource estimate is historical and not updated to JORC 2012 standards

- Negative factor: No QP/CP sign-off for the current report

Evidence · text

> Indicated 110,870t @ 2.24%Cu

#### 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

**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

**Stale Estimate**

Polarity: negative

Definition: 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 23

[Link to this fact](https://atlas-staging.minestarters.com/news/auq-annual-report--55a68b64-2e44-4d80-b68b-e813947a93b4#fact-resource-facts-23)

Al Wash-hi Majaza Copper-Gold Mine · copper

#### 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 factor: Strong production performance, outperforming nameplate capacity

- Positive factor: Significant copper metal produced during the financial year

Evidence · table

> 8,071

Context: Copper MT1

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**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.