Alma Metals Limited · ASX:ALM

Alma Metals — South-West Connect Conference (November 2025)

15 slides from Alma Metals's conference presentation, Nov 20, 2025

  1. Slide 1: >2Mt Copper Progressing to PFS

    >2Mt COPPER PROGRESSING TO PFS For personal use only COMPANY PRESENTATION NOVEMBER 2025

  2. Slide 2: Cautionary Statements

    CAUTIONARY STATEMENTS This presentation has been prepared by Alma Metals Limited Forward Looking Statements consideration and to the activity which he is undertaking to qualify as a (“Alma Metals”) to assist in informing interested parties about Competent Person under the 2012 Edition of the Austral

  3. Slide 3: Alma Metals Overview

    Alma Metals Overview Alma is primarily focused on the development of its Briggs Copper Project in Queensland, Australia: For personal use only  Briggs Copper JV (Alma 51%) : earning up to 70% interest in a porphyry copper-molybdenum project containing >2Mt Cu metal.  One of Australia’s largest und

  4. Slide 4: ALM: Corporate Snapshot

    ALM: Corporate Snapshot Alasdair Cooke Executive Chairman SHARES ON ISSUE: 1.85B Geologist and founding director, 35 years in mining For personal use only Current Director Caravel Minerals, African Energy, formerly BHP Minerals, Exco OPTIONS 40M Resources. MARKET CAPITALISATION (0.7c): A$13M Frazer

  5. Slide 5: Briggs Copper JV

    Briggs Copper JV Briggs Cu-Mo Deposit  Large-scale, outcropping deposit:  2 million tonnes copper1 with huge upside for tonnage and grade For personal use only  Potential open pit with very low strip ratio  One of Australia’s largest undeveloped copper resources  Immediate commencement of a Pre

  6. Slide 6: Positive Scoping Study Warrants Immediate Progression to PFS

    Positive Scoping Study Warrants Immediate Progression to PFS  Scoping Study Outcome/Goals: Preliminary evaluation of technical and economic viability of Briggs deposit For personal use only   Confirmation that progression to a Prefeasibility Study is warranted  Summary of the key programs needed

  7. Slide 7: 2025 Mineral Resource Estimate

    2025 Mineral Resource Estimate Briggs Total MRE at Different Cut-Off Grades For personal use only Northern Porphyry Cut-Off JORC Tonnes Cu Grade Mo Grade Ag Grade Cu Metal Mo Metal Ag Metal Grade Category (Mt) (%) (ppm) (ppm) (Mt) (Mlb) (MOz) 0.10% Cu Indicated 152 0.24 39 0.7 0.4 13 3.3 Inferred 10

  8. Slide 8: Scoping Study Confirms Excellent Metallurgical Properties for Briggs

    Scoping Study Confirms Excellent Metallurgical Properties for Briggs  Excellent preliminary batch flotation results: For personal use only  Primary grind size 150µm to 212µm.  Rapid kinetics and low reagent consumption.  Locked-Cycle Flotation tests (LCT) even better at coarse grind sizes:  94-

  9. Slide 9: Scoping Study: Mining

    Scoping Study: Mining  MiningPlus appointed to the role (Perth Office). For personal use only  Provided the following deliverables:  Assessment of optimal cut-off grades Open Pit Design  Open pit optimisation and preliminary design  Life of Mine scheduling and strip ratio  Estimation of capita

  10. Slide 10: Scoping Study: Mineral Processing

    Scoping Study: Mineral Processing  Work undertaken by Ausenco (Brisbane Office)  Reviewed metallurgical test work and preliminary flowsheet and made For personal use only recommendations for further metallurgical test work during PFS  Reviewed the suitability of a large SABC comminution circuit a

  11. Slide 11: Immediate Progression to Pre-Feasibility Study

    Immediate Progression to Pre-Feasibility Study  Production targets, cost estimates and project returns derived from the For personal use only Scoping Study cannot be published until a higher proportion of indicated resources has been defined.  However, Alma believes the Scoping Study results are r

  12. Slide 12: Drilling Underway for Resource Upgrades to Support PFS

    Drilling Underway for Resource Upgrades to Support PFS  Excellent correlation of surface geochemistry with copper grade in top 200m For personal use only  Successfully used to target current Indicated Resource zone, and deliver project best intersection of 276m @ 0.45% Cu, 24ppm Mo  Current drill

  13. Slide 13: Recent Drilling results: 810m Deep CEI Funded Drill Hole

    Recent Drilling results: 810m Deep CEI Funded Drill Hole  Geology as predicted by MRE block model For personal use only  Hole completed at 810m after passing through Central porphyry system  Well mineralised throughout, good assays recently received for top 231m  Assays for remainder of hole exp

  14. Slide 14: Next Six Months

    Next Six Months  Completion of 2025 Briggs drilling and release of assay data For personal use only  Site preparation for 2026 Briggs drilling program  High priority infill drilling at Briggs commencing Q1 2026  Commencement of Briggs PFS metallurgical test work programs  Commencement of baseli

  15. Slide 15: For personal use only

    For personal use only High-grade copper mineralisation in the form of chalcopyrite in magmatic quartz vein. Hole 24BRD0024 at 169.0m down-hole depth from a sample which assayed 0.7% Cu and 418 ppm Mo over a 2.0 m interval. Core diameter 61.1mm.

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