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Alma Metals Limited Chess Depository Interests repr 1 Shs ( (AU:ALM) ) has provided an update.
Alma Metals has launched a major 12–15 month drilling campaign at its Briggs Copper Project in Central Queensland to expand and upgrade its existing mineral resource, which currently hosts 2 million tonnes of contained copper plus molybdenum and silver. The company has bolstered its geology, logistics, and safety teams to enable multi-rig, day-and-night operations aimed at accelerating resource definition and supporting pre-feasibility studies.
The program targets upgrading Inferred resources to Indicated, testing depth extensions where mineralisation remains open and potentially higher grade, and drilling extensional zones that could increase total contained copper beyond current estimates. These drilling activities are integrated with metallurgy, environmental baseline work, and early engineering studies, marking a strategic shift for Alma from explorer to developer and positioning Briggs as a potential future source of efficient new copper supply.
More about Alma Metals Limited Chess Depository Interests repr 1 Shs
Alma Metals Limited is an Australian exploration and development company focused on large-scale copper resources, with additional molybdenum and silver by-products. Its flagship asset is the Briggs Copper Project in Central Queensland, one of Australia’s largest undeveloped copper projects by contained metal, targeting future supply into global copper markets.
Average Trading Volume: 5,228,345
Technical Sentiment Signal: Sell
Current Market Cap: A$26.82M
See more insights into ALM stock on TipRanks’ Stock Analysis page.