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Alma Metals Limited (ASX:ALM)

ALERT: Price-sensitive ASX Announcement for ALM
Current share price for ALM : $0.012 -0.006 (-33.33%)+
Announcement
Release
17 Feb 2026 10:04AM
Price at Release
$0.018
Full Release
download
Summary
The document is an investor presentation for Alma Metals Limited, focusing on the development of the Briggs Copper Project in Queensland, Australia. The project is notable for its favourable geology, significant copper recovery rates, and location advantages such as proximity to infrastructure and skilled workforce. Alma Metals aims to increase its interest in the project through further exploration and drilling activities to expand its Mineral Resource Estimate (MRE). The company highlights the growing demand for copper driven by global decarbonization efforts, which presents a promising outlook for copper developers. The presentation outlines Alma's strategic initiatives for drilling, processing, and resource expansion to enhance project value and support pre-feasibility studies. Key management figures include Alasdair Cooke (Executive Chairman) and Frazer Tabeart (Managing Director), who bring significant expertise in copper exploration and project development.
Key Points
  • Alma Metals is focused on the Briggs Copper Project in Queensland, Australia.
  • Briggs Copper JV: Alma holds a 51% interest, with plans to earn up to 70%.
  • Queensland's largest undeveloped copper project with over 2Mt Cu metal.
  • Positive Scoping Study completed in November 2025.
  • Major drilling program to support Pre-Feasibility Study (PFS) planned.
  • Copper recovery rates are approximately 95%.
  • Significant potential for resource tonnage and grade increase.
  • Management expertise from major mining companies like BHP.
  • Growing global copper demand driven by decarbonization efforts.
  • Current financial metrics include a market capitalization of A$33M.
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.