Alma Metals Ltd (ASX: $ALM) is focused on the development of its Briggs Copper Project in Queensland, Australia, and holds the East Kimberley Copper Project in Western Australia. The company is earning up to 70% interest in the Briggs Copper Project, which contains an inferred resource of 415Mt @ 0.25% Cu. Additionally, Alma Metals is engaged in early-stage exploration for high-grade sediment-hosted copper deposits at the East Kimberley Copper Project.
The recent commencement of 2000m core drilling at the Briggs Copper Project marks a significant milestone for Alma Metals. The company is optimistic about the potential for operational efficiency and the excellent infrastructure in a low-risk jurisdiction. Furthermore, the early-stage exploration for high-grade sediment-hosted copper deposits at the East Kimberley Copper Project presents a first mover opportunity with favourable ESG credentials.
Alma Metals is actively progressing its Briggs Copper Project and East Kimberley Copper Project, with a focus on resource expansion, higher-grade zones, and additional drilling programs. The company's management expertise and synergies through Mitchell River Group affiliation provide a strong foundation for the development of these projects. With the current enterprise value and the potential for increased copper demand, Alma Metals is well-positioned to leverage the strength of the copper market and unlock additional value in its projects.