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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
30 Apr 2026 8:09AM
Price at Release
$0.012
Full Release
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Summary
The quarterly activities report for Alma Metals Limited, dated 30 April 2026, highlights the completion of the 2025 drill program at the Briggs Copper JV Project, which recorded significant mineralisation. A new drilling program has been launched to further expand and enhance the Mineral Resource Estimate, currently containing 2Mt of copper. The company's financial position at the end of March 2026 shows cash and liquid investments totaling AUD 5.8 million, with no debt. Directors increased their shareholding by acquiring 27 million shares during the quarter, and the company reported net cash outflows of AUD 765,000 in operating activities.
Key Points
  • Final assays from the 2025 drill program at Briggs recorded significant mineralisation, including 620m at 0.25% Cu in hole 25BRD0037.
  • A major infill and exploration drilling program commenced in April 2026 to expand and upgrade the Mineral Resource Estimate (MRE).
  • Briggs MRE contains 2Mt of copper metal at 0.15% Cu cut-off grade, ranking it among Australia's largest undeveloped copper assets.
  • Cash and liquid investments at 31 March 2026 amounted to approximately $5.8 million, with no debt.
  • Directors acquired approximately 27 million shares on-market during the first quarter of 2026.
  • Net cash used in operating activities for the quarter was AUD 765,000, with cash reserves of AUD 1.85 million at the end of the quarter.
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.