Alara Resources Limited · ASX:AUQ
Alara Resources — Shareholder Meeting (November 2024)
13 slides from Alara Resources's shareholder meeting presentation, Nov 29, 2024
Slide 1: 2024 Annual General Meeting
For personal use only 2024 Annual General Meeting Alara Resources Limited (ASX: AUQ) 29 November 2024 1
Slide 2: Legal Disclaimer
Legal Disclaimer This document (“Presentation”) has been prepared by Alara Resources Limited (“Alara” or “the Company”). You should read this disclaimer carefully before reading or making any other use of this Presentation or any information contained in this Presentation. This Presentation is inten
Slide 3: Board of Directors
Board of Directors For personal use only Stephen Gethin Atmavireshwar Sthapak Vikas Jain Sanjeev Kumar Devaki Khimji Farrokh J Immy Masani Non-Executive Director Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Alternative Director and Chairman BASc. and Master
Slide 4: Chairman's address
Chairman’s address For personal use only • Successfully moved Al Wash-hi Majaza project in Oman from exploration to copper and gold production. • Culmination of 12 years work to bring the project online in March 2024. • Several commissioning challenges have been solved but caused 3 to 4-month delay.
Slide 5: Capital management
Capital management For personal use only • Renounceable entitlement issue to raise $15.3 million launched in November 2024. Use of funds (approx.) Underwritten Amount Install interim replacement tailing filter presses to make up the full capacity $1,700,000 Permanent tailings filter press $3,600,000
Slide 6: Al Tasmin Group
Al Tasmin Group For personal use only • Alara’s largest shareholder with a holding pre capital raising of 13.88% - expected to increase substantially if the capital raising proceeds. • Highly supportive of Alara and the Al Wash-hi Majaza project. • Sub-underwriting rights issue to guarantee Alara is
Slide 7: Al Tasmin Group message
Al Tasmin Group message For personal use only • Shareholder in Alara since 2021 and an active joint venture partner since late 2018. • Strongly committed to the success of the Al Wash- hi project and the wider resources sector in Oman. • Moving from exploration to production is a very significant, i
Slide 8: Managing Director's address
For personal use only Managing Director’s address 8
Slide 9: Copper demand to drive revenues
Copper demand to drive revenues For personal use only • Moving Al Wash-Hi from exploration to production delivers $5.5 million revenue in 2024 • Massive demand from the global energy transition1 creates favourable market dynamics for copper. • Two-step plan to rectify filter press issues at the Wash
Slide 10: Exploration update
Exploration update For personal use only • Capital raising supports exploration work for the next 12 months – noting that the raising is subject to Takeover Panel proceedings. Money raised for exploration will be expended on the following projects. • Block 22B, which contains existing Wash-hi and Mu
Slide 11: Omani mining boom
Omani mining boom For personal use only • Alara’s mining and exploration services company to benefit from a boom in Omani exploration. • The Omani Government is promoting new, supportive mineral exploration and mining policies. • Alara recognised as operating to the highest standards for health, saf
Slide 12: Outlook
Outlook • Alara to continue to develop as a low-cost, sustainable For personal use only copper producer based in Oman. • Ramp up copper-gold production at Al Wash-hi during FY25 and reach full production potential in FY26. • Demonstrated step-up in copper-gold concentrate volumes shipped to offtake
Slide 13: Q&A
For personal use only Q&A 13
Alara Resources — Shareholder Meeting (November 2024) on 6ix