Alma Metals Advances Briggs Copper Project with Expanded Drilling and Strong Funding Position
Alma Metals Limited (ASX: ALM) continued advancing its Briggs Copper Project during the June 2026 quarter, with its infill drilling program progressing as planned. Around 2,080 metres have been drilled across six completed holes, with additional drilling scheduled through 2027 to upgrade inferred resources and support the ongoing Pre-Feasibility Study (PFS). Early drilling has intersected geology and mineralisation consistent with expectations, while assay results from the initial holes are expected shortly.
The company also strengthened operational capacity by acquiring a 16-person exploration camp, enabling the deployment of a second drill rig and accelerating resource development activities. Environmental studies and metallurgical test work continued alongside drilling. During the quarter, Alma completed a AU$4.0 million capital raising and ended June with approximately AU$6.8 million in cash and listed investments, while remaining debt-free, providing financial flexibility to progress exploration and development plans.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Alma Metals Advances Briggs Copper Project with Expanded Drilling and Strong Funding Position
Alma Metals Limited (ASX: ALM) continued advancing its Briggs Copper Project during the June 2026 quarter, with its infill drilling program progressing as planned. Around 2,080 metres have been drilled across six completed holes, with additional drilling scheduled through 2027 to upgrade inferred resources and support the ongoing Pre-Feasibility Study (PFS). Early drilling has intersected geology and mineralisation consistent with expectations, while assay results from the initial holes are expected shortly.
The company also strengthened operational capacity by acquiring a 16-person exploration camp, enabling the deployment of a second drill rig and accelerating resource development activities. Environmental studies and metallurgical test work continued alongside drilling. During the quarter, Alma completed a AU$4.0 million capital raising and ended June with approximately AU$6.8 million in cash and listed investments, while remaining debt-free, providing financial flexibility to progress exploration and development plans.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au