Alma Metals showcases significant project progress

Alma Metals (ASX: ALM) has released its Quarterly Activities Report for the quarter ending September 30, 2024. The report highlights significant progress at the Briggs Copper Project in Queensland. Alma completed six core drill holes totaling 1,545 meters, yielding exceptional assay results. The company also increased its stake in the joint venture with Canterbury Resources Ltd to 51%, with plans to raise it to 70%. Additionally, Alma raised $750,000 to support further drilling expansion.

Overview of Alma Metals' strategic developments

Alma Metals has made notable advancements in its Briggs Copper Project, completing six core drill holes and achieving outstanding assay results. The company's joint venture with Canterbury Resources Ltd has reached a 51% interest, with plans to increase it to 70% by 2031. Alma has raised $750,000 through a private placement and concluded the quarter with $5.3 million in cash and investments. The company aims to upgrade resource confidence and support a Scoping Study, with additional drilling planned. Alma is focused on expanding its exploration activities, maintaining financial strength, and leveraging its strategic partnerships to advance its copper projects.

Executive insights on Alma Metals' growth

Alma's achievements this quarter, including completing six drill holes at the Briggs Copper Project, mark a significant step forward in our exploration efforts. We are committed to advancing our stake in the project and have made substantial progress towards achieving our goals.