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Alma Metals (ASX: $ALM) commences 2000m core drilling at Briggs Copper Project

Overview of Alma Metals Ltd and its current projects


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.

Executive Commentary on Briggs Copper Project and 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.

Summary of Alma Metals' Projects and Outlook


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.

ALMA METALS LIMITED
ALM | ASX | Energy
0.0090(+0%)
At close 05/07 (AEDT)
Market cap
$13.0M
Volume
4,480,000
DY Yield
0
PE Ratio
0
52 Week Range
0.006 - 0.017
1YR Return
-89.592%

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