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Alma Metals Limited (ASX:ALM)

ALERT: Price-sensitive ASX Announcement for ALM
Current share price for ALM : $0.013 0.005 (62.50%)+
Announcement
Release
13 Nov 2025 9:05AM
Price at Release
$0.008
Full Release
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Summary
Alma Metals Limited (ASX: ALM) has completed a positive scoping study for its Briggs Copper Project in Central Queensland, indicating the project's potential for large-scale open pit mining. The study evaluated the mineral resource estimate, metallurgical test work showing high copper recovery, process flowsheet, and environmental assessments. The project, under a joint venture with Canterbury Resources, has seen Alma earn a 51% interest with the potential to increase to 70% by spending an additional AUD 7 million by June 2031. The study's positive results have prompted the immediate commencement of prefeasibility studies, which will focus on enhancing the resource estimate, optimizing the process flowsheet, and conducting further environmental and metallurgical assessments. The project aims to address the global demand for copper amidst supply pressures.
Key Points
  • Completion of a positive scoping study for the Briggs Copper Project.
  • Study highlights the potential for large-scale open pit mining in Central Queensland.
  • High copper recovery rates from metallurgical testing.
  • Joint venture with Canterbury Resources allows Alma to earn a 70% interest.
  • Immediate commencement of prefeasibility studies based on robust scoping study results.
  • Focus on enhancing resource confidence and optimizing process flowsheet.
  • Project positioned to supply copper amidst global supply challenges.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.