Alara Resources Receives First AHRL Dividend of A$3.78 Million

Shwetambri Chauhan

04 November 2026 10:47 AM AEDT

Alara Resources Receives First AHRL Dividend of A$3.78 Million

Image Source: Krish Capital Pty Ltd

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Alara Resources Limited (ASX:AUQ), a pure-play copper producer and explorer with projects in Oman, has received its first dividend of 1,020,000 Omani Rial, equivalent to approximately A$3.78 million, from its 51%-owned subsidiary Al Hadeetha Resources LLC (AHRL), owner and operator of the Al Wash-hi Majaza copper mine and concentrator.

Key Points

Alara received its first AHRL dividend of OMR 1,020,000, equivalent to approximately A$3.78 million, representing its 51% equity interest in AHRL
The AHRL Board declared a total dividend of 2,000,000 Omani Rial with the consent of Sohar International Bank, the Al Wash-hi project lender
The Al Wash-hi Majaza Mine produced 42,844 WMT of copper concentrate containing 8,071 tonnes of copper and 3,241 ounces of gold in FY26
The operation dispatched 15 parcels totalling 15,199 WMT of copper concentrate during the September 2026 quarter, recording its best shipping performance since commissioning in June 2024

First Dividend from Al Hadeetha Resources LLC

The AHRL Board declared a total dividend of 2,000,000 Omani Rial, with the consent of Sohar International Bank, which serves as the Al Wash-hi project lender. Alara's proportional share, based on its 51% equity interest in AHRL, amounts to OMR 1,020,000, equivalent to approximately A$3.78 million. According to the filing, Alara has subsequently received this payment. The company described the funds as non-dilutive, with intended uses including the acceleration of ongoing exploration programs, debt reduction, and general working capital.

FY26 Operational Performance at Al Wash-hi Majaza

The Al Wash-hi Majaza Mine and Concentrator produced 42,844 wet metric tonnes (WMT) of copper concentrate during FY26, containing 8,071 tonnes of copper and 3,241 ounces of gold, according to the filing. The operation also set a new quarterly benchmark during the September 2026 quarter, dispatching 15 parcels totalling 15,199 WMT of copper concentrate. The filing states this represented the operation's best shipping performance since commissioning in June 2024.

Alara's Exploration Portfolio in Oman

Beyond the Al Wash-hi Majaza copper mine and concentrator, Alara disclosed it is continuing exploration activities across several other Omani projects. These include the Block 7 exploration licence under the Daris JV, the Mullaq and Al Ajal exploration licences under the Al Hadeetha JV, the Block 8 exploration licence under the Awtad Copper-Power Metal JV, and the recently awarded Block 22B exploration licence under the Al Hadeetha Mining LLC JV. The company described itself as a pure-play copper producer and explorer listed on the ASX.

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