Alara Resources Limited provided an update on its project development activities at the Al Wash-hi Majaza Copper-Gold Project in Oman. Alara
owns a 51% equity interest in the joint venture developing the project. The Government of Oman has kindly exempted Alara JV vehicle Al Hadeetha Resources' Al Wash- hi Majazza copper Project (Project) from customs duty on imported equipment and components of the concentrator plant arriving at Omani ports. This decision is another example of the ongoing support which the Project is receiving from all Government authorities and agencies in the Sultanate. The duty waiver will benefit the project as a capital cost saving and reduce time associated with the port customs clearance process. Containers from Innovator Poland carrying flotation cells have arrived at the Project site. In another key development, a vessel carrying the crusher from CITIC China is expected to reach Oman in mid-July 2022. Earth moving is progressing well at the primary crusher house and retaining wall site. Excavations will reach the foundation level and plain cement concrete pouring will commence imminently. Development of the Al Wash-hi Majazza pit continues, with removal of overburden and oxide ore and bench development. Looking northwest, the image below shows the current pit and bench
positions.