Alara Resources : Wash-Hi Project - Construction & Equipment Delivery Update

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ASX/MEDIA RELEASE

Monday, 20 June 2022

KEY CONSTRUCTION ACTIVITIES AND EQUIPMENT DELIVERIES

AT AL WASH-HICOPPER PROJECT

Key Highlights

• Concreting work commenced at Wash-hi plant site.
• Bulk earth works for crusher foundation nearing completion.
• Electrical contractor commences erection of feeder line poles and civil works for new 33KV to 11KV substation.
• Floatation cells delivered to Omani port, awaiting Customs' clearance
• Al Wash-hi pit pre-stripping activities progressing well.
• Oman appoints His Excellency Salim Al Aufi as Energy and Minerals Minister.

Perth, Australia: Alara Resources Limited (ASX: AUQ) (Alara or the Company), a base and precious metals explorer and developer with projects in Oman, is pleased to provide an update on its project development activities at the Al Hadeetha Copper Project (Al Wash-hiMajaza Copper- Gold Project or the Project) in that country. Alara owns a 51% equity interest in the Al Hadeetha Resources LLC (AHRL) joint venture which is developing the Project.

AHRL has continued to progress Project development on multiple fronts, with the latest activities highlighted below.

Plant site civil works progressing on track

Civil works are progressing according to schedule. Major cut and fill works are nearing completion at the primary crusher house, belt conveyor area and crushed ore stockpile area, to enable civil works commencement at the front end of the plant, as per the Project plan.

Plain concrete pouring is complete for the crushed ore stockpile and belt conveyors BC - 02 & 03, shown in images below. Reinforcement work is underway at both the areas and reinforced concrete pouring will commence from the end of the month.

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Bulk earth work nearing completion

The bulk earth works (BEW) central to the Project's initial plant are nearing completion according to the schedule, shown in the images below. The remaining focus of BEW is the crusher building and retaining wall site development and excavation works, to enable commencement of one of the key civil and concrete works at the site. The ROM pad, where ore is dumped to feed the plant, and accessway are complete.

Primary crushing unit and retaining wall site development #1

Primary crushing unit and retaining wall site development #2

Plant equipment procurement

Since the Company's previous announcement floatation cells from Innovator Poland have arrived at port in Oman and are awaiting Customs' clearance. The following lists progress to delivery of certain key mine-site equipment:

• Mining workshop material from Kirby UAE (delivered)
• Regrinding Mill Liner Arrangement from Metso (delivered)
• Magnetic separator from Electrozavod, India (delivered)
• ABB Electrical packages, first lot of 10 containers (delivered)
• Flotation cells from Innovator, Poland (at Oman port)
• Filters from Matec (on vessel).

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Aerial Photo for PSS Foundation Marking and Excavation

The power contractor has also commenced feeder pole pit excavation, dressing and erection, in addition to soil investigation for tower location.

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Looking west - Overburden pre-stripping and waste rock area development

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