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An announcement from Alara Resources ( (AU:AUQ) ) is now available.
Alara Resources Limited has announced an update on its Al Wash-hi Majaza Copper-Gold Project in Oman, highlighting the installation of new Tailings Filter Presses (TFPs) which are expected to enhance tailings processing efficiency and increase copper concentrate production to 90-92% of the plant’s capacity. This improvement is anticipated to boost production to 3200-3400 wet metric tons per month, with a future goal of reaching full capacity. Additionally, the company reported a significant rise in production-related payments due to the resumption of mining operations and the purchase of essential consumables and spare parts, reflecting a stabilization of operations post-inventory buildup.
More about Alara Resources
Alara Resources Limited is an Australian-based company engaged in the exploration and production of precious and base metals. The company operates the Al Wash-hi Majaza Copper-Gold mine in Oman and is involved in various exploration activities across other Omani projects. Alara aims to become a mid-tier minerals producer, focusing on sustainable and low-cost operations to maximize shareholder value.
Average Trading Volume: 589,281
Technical Sentiment Signal: Sell
Current Market Cap: A$18.67M
See more data about AUQ stock on TipRanks’ Stock Analysis page.