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Alma Metals Limited (ASX:ALM)

ALERT: Price-sensitive ASX Announcement for ALM
Current share price for ALM : $0.011 -0.001 (-8.33%)+
Announcement
Release
30 Jan 2026 9:51AM
Price at Release
$0.012
Full Release
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Summary
Alma Metals Limited's Quarterly Activities Report for the period ending 31 December 2025, highlights the completion of the 2025 drill program at Briggs with significant mineralized intersections, including a 620m section at 0.25% Cu and a higher grade 30m section at 0.90% Cu. The results will support resource estimates and future studies, as the company commits to a prefeasibility study after completing a favorable Scoping Study. Financially, the company raised $2.1 million through a Share Purchase Plan and holds $8.8 million in cash and liquid investments. The Appendix 5B report indicates net cash from operating activities of -$130,000 and a closing cash balance of $2,630,000 for the quarter.
Key Points
  • Completion of 2025 drill program at Briggs with significant mineralized intersections.
  • 620m mineralized section at 0.25% Cu and 30m at 0.90% Cu.
  • Commitment to prefeasibility study following Scoping Study.
  • $2.1 million raised via Share Purchase Plan.
  • Cash and liquid investments total $8.8 million.
  • Net cash from operating activities of -$130,000.
  • Closing cash balance of $2,630,000.
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.