Alma Metals Limited (ASX:ALM)

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Announcement

First Assays from 2026 Infill Drilling at Briggs

Release

4 Aug 2026 9:53AM

Price at Release

$0.012

Full Release

Summary

Alma Metals Limited has announced the results of the first assays from its 2026 infill drilling program at the Briggs project in Queensland, Australia. The program aims to infill the current Mineral Resource Estimate (MRE) to a nominal 80m drill spacing to support the update from an Inferred to an Indicated resource category. Assays from the first three holes show consistent copper mineralization, aligning well with the expectations based on the current resource block model. The drilling program is part of a broader strategy to support a preliminary feasibility study (PFS) and aims to convert Inferred resources to Indicated resources, providing samples for metallurgical testing. The ongoing project is strategically positioned with significant infrastructure advantages, enhancing its economic viability.

Key Points

Alma Metals has commenced a major infill drilling program at Briggs.
The program consists of 80 holes to infill the current MRE to an 80m spacing.
Results from the first three holes show copper grades predominantly in the 0.15% to 0.25% Cu range.
The drilling supports a preliminary feasibility study to convert resources from Inferred to Indicated.
The project benefits from proximity to infrastructure such as ports, power lines, and railways.

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.