Canterbury Resources Ltd (ASX:CBY)

Alma Metals Limited has acquired a fully equipped exploration camp to enhance their operations at the Briggs Copper Project in Queensland, Australia. This acquisition significantly boosts the on-site operational capacity by allowing more than double the number of personnel on-site, facilitating the deployment of a second drill rig. The camp includes upgraded amenities which improve personnel welfare and logistics, essential for fatigue management. As part of the project's development, the mineral resource estimate infill core drilling is ongoing, with promising results indicating copper mineralisation consistent with expectations. Alma Metals is focusing on accelerating resource growth and completing Pre-Feasibility Study requirements efficiently. Alma currently owns 51% of the project under an option and earn-in joint venture agreement with Canterbury Resources Ltd and is advancing towards a 70% interest. The camp's strategic location offers significant logistical advantages due to its proximity to major infrastructure, enhancing the project's feasibility.