Alma Metals Limited · ASX:ALM

Alma Metals — RIU Resources Round-up (May 2024)

17 slides from Alma Metals's conference presentation, May 8, 2024

  1. Slide 1: An Australian Copper Company

    AN AUSTRALIAN COPPER COMPANY For personal use only INVESTOR PRESENTATION MAY 2024

  2. Slide 2: Cautionary Statements

    CAUTIONARY STATEMENTS Competent Persons Statements This presentation includes certain “Forward- Looking Statements”. Dr Tabeart consents to the inclusion of the data in the form and context The words “forecast”, “estimate”, “like”, “anticipate”, “project”, in which it appears. This presentation has

  3. Slide 3: Alma Metals Overview

    Alma Metals Overview Alma Metals Ltd (ASX: ALM) is focused on two major copper projects For personal use only in Australia:  Briggs Copper JV – Central Queensland: ALM earning up to 70% interest in a large porphyry copper-molybdenum project containing an inferred resource of 415Mt @ 0.25% Cu.  >1

  4. Slide 4: ALM: Corporate Snapshot

    ALM: Corporate Snapshot For personal use only Alasdair Cooke Executive Chairman SHARES ON ISSUE: 1,417M Geologist and founding director, 30 years in mining Current Director Caravel Minerals, African Energy Ltd. OPTIONS 143M Formerly BHP Minerals, Exco Resources. MARKET CAPITALISATION (1.0c): $14.2M

  5. Slide 5: Experienced Team in Copper Exploration and Development

    Experienced Team in Copper Exploration and Development  Management Expertise For personal use only  Significant porphyry copper exploration expertise gained with major mining companies (WMC Resources, BHP).  Management experience with commercial development of several mining projects in Australia

  6. Slide 6: Copper Market Provides Strong Fundamentals Over the Next Years

    Copper Market Provides Strong Fundamentals Over the Next 20 Years INCREASING DEMAND SUPPLY-SIDE CONSTRAINTS For personal use only  Copper required for all EV’s and renewable energy  Average mining grades are dropping each year  Critical mineral for global decarbonisation  Deposit discovery rates

  7. Slide 7: Briggs JV Copper Project

    Briggs JV Copper Project  Massive outcropping copper deposit in Tier 1 jurisdiction. For personal use only  Inferred Resource 415Mt @ 0.25% Cu + 31ppm Mo.  Significant upside for both tonnage and grade.  Excellent metallurgy with 92-95% Cu recovery.  Excellent infrastructure, close to road, rai

  8. Slide 8: Regional Infrastructure Surrounds Briggs Project

    Regional Infrastructure Surrounds Briggs Project  GOOD INFRASTRUCTURE REDUCES CAPITAL COSTS For personal use only  60km from deep-water port (Gladstone).  Multiple high-voltage power lines within 10-15km.  Heavy haulage railway currently used for coal exports.  Multiple gas pipelines.  Major r

  9. Slide 9: Significant Scale

    Significant Scale >1 MILLION TONNES COPPER METAL For personal use only  Current Inferred Resource >1 million tonnes copper and >28Mlb molybdenum (0.2% Cu cut-off grade).  Plus, additional Exploration Target comprising 480Mt to 880Mt @ 0.20% to 0.30% Cu and 20ppm to 40ppm Mo1 Inferred Mineral Resou

  10. Slide 10: Excellent Preliminary Metallurgy Results at Briggs

    Excellent  Three representative types of mineralisation delivered copper flotation recoveries of 92-95% and concentrate Preliminary grades of 17-20% copper (ASX release 11 April 2022). Metallurgy  No trace metals of concern, with particularly low levels of arsenic, cadmium, and uranium. Results at

  11. Slide 11: Porphyry-style Mineralisation in Granodiorites and Volcanic Sediments

    Porphyry-style Mineralisation in Granodiorites and Volcanic Sediments For personal use only Figure 1. Outcropping high-grade copper mineralisation associated with magmatic quartz bodies within Briggs Central 11 | ASX:ALM

  12. Slide 12: Gridded Soil Geochemistry Very Effectively Maps the Briggs System

    Gridded Soil Geochemistry Very Effectively Maps the Briggs System  Recently completed drilling focussed on the contact zone between the Briggs granodiorite For personal use only and enclosing volcanic sediments.  Majority of these holes successfully intersected higher-grade copper and molybdenum m

  13. Slide 13: Assay Results

    Assay results HIGHER GRADES FROM SURFACE TO 200M DEPTH IN RECENT DRILLING  Recent core drilling program confirms For personal use only higher-grades of copper-molybdenum mineralisation straddling the contact between the granodiorite intrusion and enclosing volcanic sediments.  The recent campaign

  14. Slide 14: Higher-Grade Target Around Intrusive Contact = Potential Starter Pit

    Higher-Grade Target Around Intrusive Contact = Potential Starter Pit Northern Porphyry 3D model of Cu distribution (>0.20% Cu) For personal use only derived from all drilling and soil sampling 50Mt @ 0.24% Cu + 32ppm Mo Exploration Target Outline Briggs Porphyritic Granodiorite (interpreted 3D geome

  15. Slide 15: 2024 Programs leading to a Scoping Study

    2024 Programs leading to a Scoping Study  Infill Drilling (Q2/Q3) For personal use only  Detailed (80m-spacing) drilling to evaluate SW margin of Briggs Central.  Conversion of a significant portion of resource to Indicated category.  Provision of material for metallurgical test-work.  Extensio

  16. Slide 16: East Kimberley Copper Project

    East Kimberley Copper Project FIRST MOVER OPPORTUNITY FOR HIGH-GRADE COPPER  Seven exploration licences (100% ALM) in the East Kimberley District of WA. For personal use only  Highly prospective for sediment-hosted, stratiform copper mineralisation like the world class central African Copper Belt

  17. Slide 17: Summary

    Summary 1. Large resource at Briggs with >1M tonnes Cu metal 2. Resource upside and potential to increase grade For personal use only 3. Higher grade zones confirmed by recent drilling 4. Additional zones of higher-grade potential identified 5. Further drilling about to start 6. Resource upgrade to

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