Alara Completes 5,100-Tonne Copper Concentrate Commitment With 36th Shipment

Alara Resources ( (AU:AUQ) ) has issued an announcement.

Alara Resources has dispatched the 36th shipment of copper concentrate from its Al Wash-hi Majaza copper-gold mine in Oman, operated via its majority-owned joint venture Al Hadeetha Resources. The latest parcel, totalling 827 wet metric tonnes and containing about 156 tonnes of copper and 51.2 ounces of gold, completes a 5,100-tonne delivery commitment to Fangcheng port in China.

This shipment, which left Sohar Port on 20 February after a delay due to vessel unavailability, is smaller than usual because it represents the remaining balance of the contracted tonnage, following 4,273 tonnes shipped in January. The continued flow of concentrate exports underlines the mine’s operational performance and supports Alara’s strategy of building a mid-tier, low-cost minerals business from its Omani asset base.

The most recent analyst rating on (AU:AUQ) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Alara Resources stock, see the AU:AUQ Stock Forecast page.

More about Alara Resources

Alara Resources is an Australian-based producer and explorer of precious and base metals, primarily focused on copper and gold. The company operates the Al Wash-hi Majaza copper-gold mine and concentrate plant in Oman and continues exploration across several additional Omani licences through multiple joint ventures.

Average Trading Volume: 462,467

Technical Sentiment Signal: Sell

Current Market Cap: A$28.11M

For a thorough assessment of AUQ stock, go to TipRanks’ Stock Analysis page.