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Alma Metals Limited (ASX:ALM)

ALERT: Price-sensitive ASX Announcement for ALM
Current share price for ALM : $0.012 0 (0%)+
Announcement
Release
29 Apr 2026 9:16AM
Price at Release
$0.012
Full Release
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Summary
Alma Metals Limited has launched a significant drilling program at the Briggs Copper Project in Queensland, Australia, aimed at upgrading and expanding the Mineral Resource Estimate (MRE) to support prefeasibility studies. This program is part of a broader initiative to grow resources in both near-mine and extensional zones, backed by detailed metallurgical studies to optimize recovery. Alma Metals owns a 51% stake in Briggs, seeking to increase it to 70% under a Joint Venture Agreement. The project benefits from a strategic location with excellent infrastructure, facilitating its transition from an exploration stage to development, while also undertaking environmental baseline studies.
Key Points
  • A major drilling program has commenced at the Briggs Copper Project to expand and upgrade the Mineral Resource Estimate (MRE).
  • The program aims to upgrade a majority of the Inferred Resource to the Indicated category for prefeasibility studies.
  • Alma Metals is targeting resource growth in near-mine and extensional zones within the broader Briggs mineral system.
  • Drilling will support more detailed metallurgical studies and optimization of copper, molybdenum, silver, and gold recoveries.
  • Alma Metals currently owns 51% of the Briggs Project and is working towards a 70% interest under a Joint Venture Agreement.
  • The project is situated in a favorable location with excellent infrastructure and access to skilled workforce.
  • Environmental baseline studies and waste/tailings characterization are part of the ongoing feasibility studies.
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.