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Alma Metals Limited Chess Depository Interests repr 1 Shs ( (AU:ALM) ) just unveiled an announcement.
Alma Metals has reported final assays from its 2025 drilling program at the Briggs copper project in Queensland, confirming very thick and higher-grade mineralised intersections than the current resource average and highlighting the project’s scale as a major undeveloped copper asset in Australia. The company has now commenced a substantial infill and exploration drilling campaign aimed at upgrading and expanding the Mineral Resource Estimate to support upcoming pre-feasibility studies, while advancing environmental baseline work and metallurgical test programs, and it enters this phase with $5.8 million in cash and liquid investments and increased on-market share purchases by directors, underlining confidence in the project’s long-term potential.
These latest drilling results include the longest mineralised intersection recorded to date at Briggs and one of the highest-grade near-surface copper intervals, which may extend the depth of the Indicated resource and enhance the potential for a higher-grade starter pit. With a current resource containing about 2 million tonnes of copper metal across Indicated and Inferred categories and a new 45-hole program underway to convert Inferred to Indicated resources and test extensional targets, Alma Metals is working to de-risk the project and advance it toward development within a supportive copper market backdrop.
More about Alma Metals Limited Chess Depository Interests repr 1 Shs
Alma Metals Limited, through its interest in the Briggs Copper Joint Venture in Queensland, is focused on exploration and development of large-scale porphyry copper deposits. The Briggs project hosts one of Australia’s largest undeveloped copper resources, positioning the company within the base metals sector and targeting future large-volume copper production.
Average Trading Volume: 5,163,798
Technical Sentiment Signal: Sell
Current Market Cap: A$26.82M
See more insights into ALM stock on TipRanks’ Stock Analysis page.