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Alma Metals Limited Chess Depository Interests repr 1 Shs ( (AU:ALM) ) has issued an announcement.
Alma Metals has reported final assay results from its 2025 drilling campaign at the Briggs copper project, including the longest mineralised intersection to date (620 metres at 0.25% copper) and one of its highest-grade near-surface hits (30 metres at 0.90% copper). These strong intersections are expected to support extensions to the depth of the Indicated portion of the Mineral Resource Estimate and enhance near-surface mineralisation that could underpin a higher-grade starter pit, while the recently completed Scoping Study has prompted joint venture partners to immediately commence a prefeasibility study targeting an aspirational 30 Mtpa mining rate. In parallel, Alma plans 2026 drilling to test strong copper anomalies northwest of the current drilling as the first phase of high-priority infill work for the PFS, and the company finished the quarter with approximately $8.8 million in cash and liquid investments after raising $2.1 million through a Share Purchase Plan, reinforcing its funding position for the next stage of project evaluation.
More about Alma Metals Limited Chess Depository Interests repr 1 Shs
Alma Metals Limited is a mineral exploration and development company focused on large-scale copper projects, with its key asset being the Briggs copper project. The company is advancing Briggs through resource definition drilling and technical studies aimed at assessing the project’s potential for future large-tonnage mining operations.
Average Trading Volume: 11,350,863
Technical Sentiment Signal: Sell
Current Market Cap: A$22.8M
See more insights into ALM stock on TipRanks’ Stock Analysis page.