Alara Resources Limited
AUQ: Annual Report
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.