InvestSMART

Alma Metals Limited (ASX:ALM)

ALERT: Price-sensitive ASX Announcement for ALM
Current share price for ALM : $0.012 0 (0%)+
Announcement
Release
2 Jul 2026 9:00AM
Price at Release
$0.012
Full Release
download
Summary
Alma Metals Limited announced the acquisition of a fully-equipped 16-person exploration camp for their Briggs Copper Project in Queensland. This acquisition aims to significantly expand on-site operational capacity, allowing the deployment of a second drill rig to accelerate resource growth and Pre-Feasibility Study programs. The camp includes modern amenities such as individual ensuite rooms, a full kitchen, and cyclone-proof standards for Queensland conditions. The mineral resource estimate infill core drilling program is progressing well, with all drill holes encountering expected copper mineralization. The infrastructure will enhance drilling efficiency, reduce logistical challenges, and improve staff welfare and fatigue management. The company's commitment to the development of the Briggs Copper Project is further supported by its strategic location with access to significant infrastructure.
Key Points
  • Alma Metals acquired a 16-person exploration camp.
  • The camp will double the on-site personnel capacity.
  • It allows for a second drill rig to be deployed.
  • Drilling program is progressing with copper mineralization.
  • Camp includes ensuite rooms and a full kitchen.
  • The location benefits from existing infrastructure.
  • Operational efficiency and staff welfare are expected to improve.
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.