Alma Metals Limited · ASX:ALM
Alma Metals — Investor Presentation (November 2023)
19 slides from Alma Metals's investor presentation, Nov 22, 2023
Slide 1: An Australian Copper Company
AN AUSTRALIAN COPPER COMPANY For personal use only NOVEMBER 2023
Slide 2: 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
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Alasdair Cooke Executive Chairman SHARES ON ISSUE: 1,114M Geologist and founding director, 30 years in exploration OPTIONS 143M Frazer Tabeart Executive Director and CEO CASH ~A$1.2M Geologist, porphyry Cu-Au expert, 30 years in exploration John Dean Non-Exec
Slide 4: Briggs JV Copper Project
Briggs JV Copper Project For personal use only Briggs is a large, outcropping copper deposit in an excellent jurisdiction, great infrastructure and with significant upside. ALM owns 30% and can increase to 70% JV interest through staged exploration expenditure. Inferred Resource 415Mt @ 0.25%
Slide 5: Key Drivers for a Successful Porphyry Project
Key Drivers for 1. Low mining costs (minimises operating costs) a Successful 2. Good infrastructure (reduces capex and concentrate transport costs) Porphyry 3. Good metallurgy (maximises potential revenue) Project 4. Robust copper price (drives revenue) For personal use only Port of Gladstone 5 | AS
Slide 6: Robust Price Forecasts for Copper
Robust Price Forecasts for Copper Critical metal for decarbonization, massive supply problem emerging. For personal use only Short term downward pressure on copper prices due to slight oversupply between 2023 and 2024 and concerns on China GDP. Market into strong deficit by 2026, with a supply
Slide 7: Successfully operating low-grade copper mine examples
Successfully operating low-grade copper mine examples Deposit Gibralter Copper Mtn Mt Milligan Sierrita Morenci Pinto Valley Aitik Cobre Panama Sentinel Constancia For personal use only Location Canada Canada Canada USA USA USA Sweden Panama Zambia Peru Owner Taseko Mines Ltd Copper Mountain Centerr
Slide 8: Regional Infrastructure Surrounds Briggs Project
Regional Infrastructure Surrounds Briggs Project 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. Nearby multiple gas pipelines. Nearby major regional road (Dawson Hwy). N
Slide 9: Significant Scale
Significant Scale >1 MILLION TONNES COPPER METAL For personal use only ALM earn-in has funded RC drilling in 2021 and diamond core drilling in 2022 and 2023. Majority of holes intersected copper mineralisation at >0.10% Cu over thick intervals. Updated Mineral Resource Estimate 6 July 2023.
Slide 10: Excellent Preliminary Metallurgy Results at Briggs
Excellent Three representative types of mineralisation delivered copper flotation recoveries of 92-95% and concentrate grades of 17-20% copper (ASX release 11 April 2022). Preliminary No trace metals of concern, with particularly low levels of arsenic, cadmium, and uranium. Metallurgy These re
Slide 11: Higher Grade Potential
Higher Grade Potential BRIGGS CENTRAL PROMISES MORE For personal use only Multiple holes with higher grade copper zones (e.g. 30m @ 0.54% Cu, 39m @ 0.53% Cu, 40m @ 0.39% Cu) occur at shallow depth and along the intrusive contact of the Central Porphyry and into the immediately surrounding volcanic
Slide 12: Current Drilling
Higher-grade targets currently being tested through follow-up drilling For personal use only Current Drilling 12 | ASX:ALM
Slide 13: Positive Assays
Positive Assays HIGHER GRADES FROM SURFACE TO 200M DEPTH IN RECENT DRILLING Recent assays from the current core drilling For personal use only program have confirmed a higher-grade zone of copper-molybdenum mineralisation straddling the contact between the granodiorite intrusion and enclosing volc
Slide 14: Higher-Grade Targets Around Margins of Briggs Intrusive Contact
Higher-Grade Targets Around Margins of Briggs Intrusive Contact Northern Porphyry For personal use only 3D model of Cu distribution (>0.20% Cu) derived from all drilling and soil sampling Porphyritic Granodiorite (interpreted 3D geometry) Briggs Central Cu ppm Current Drilling Area Interpolated copp
Slide 15: Huge Upside Potential
Huge Upside Potential UPDATED EXPLORATION TARGETS For personal use only Briggs comprises three intrusive centers, each of which has outcropping porphyry copper mineralisation. Soil sampling very effective in outlining mineralisation. Exploration targets determined using the following factors:
Slide 16: East Kimberley Copper Project
East Kimberley Copper Project FIRST MOVER OPPORTUNITY FOR HIGH-GRADE COPPER For personal use only Seven exploration licences applications (100% ALM) in the East Kimberley District of Western Australia, two of which have been granted. Considered highly prospective for sediment-hosted, stratiform
Slide 17: Summary
Summary 1. Large resource at Briggs with >1M tonnes Cu metal 2. Resource upside and potential to grow For personal use only 3. Higher grade zones identified - infill drilling underway 4. Assays expected from November through February 5. Further drilling planned in early Q2 2024 6. Constant news flow
Slide 18: 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
Slide 19: For personal use only
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