Alma Metals Limited · ASX:ALM
Alma Metals — Investor Presentation (July 2023)
20 slides from Alma Metals's investor presentation, July 2023
Slide 1: Alma Metals Corporate Update
ALMA$METALS CORPORATE UPDATE
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
Slide 3: Alma Metals Overview
Alma Metals Overview Alma Metals Ltd (ALM) is focused on two major copper projects in Australia: East Kimberley Copper Project Briggs Copper JV – Central Queensland: ALM earning up to 70% interest in a large porphyry copper-molybdenum Briggs Copper JV project containing an inferred resource of 143
Slide 4: Strategic Focus on Copper and Australia
Strategic Focus on Copper and Australia Tier 1 fiscal jurisdiction offers stability. Very strong fundamentals for long-term growth in copper. Demand for copper increasing due to global de-carbonisation (renewable energy, electric vehicles,) – strong ESG credentials Key assets held by the Com
Slide 5: Corporate Snapshot
Corporate Snapshot Alasdair Cooke Executive Chairman SHARES ON ISSUE: 1,114M Geologist and founding director, 30 years in exploration OPTIONS 150M Frazer Tabeart Executive Director and CEO CASH ~A$2.5M Geologist, porphyry Cu-Au expert, >30 years in exploration John Dean Non-Exec Director VALUE OF LI
Slide 6: What Makes a Successful Porphyry Copper Project
What Makes 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) Copper Project 4. Robust copper price (drives revenue) Port of Gladstone 6 | ASX:ALM
Slide 7: Supply Constraints Support Robust Price Forecasts
Supply Constraints Support Robust Price Forecasts 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 shortfall from 2026 to 2030 and beyond. Need multiple, large new mines on-
Slide 8: Emerging Large Copper Deposits in Australia
Emerging Large Copper Deposits in Australia Bulk Tonnage Projects in Australia 2.00% Briggs copper deposit is one of several emerging bulk tonnage projects under evaluation in Australia. Significant upside at Briggs based on 1.50% Havieron Exploration Targets1 and recent drilling. Cu eq grade (%
Slide 9: 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 Location Canada Canada Canada USA USA USA Sweden Panama Zambia Peru Owner Taseko Mines Ltd Copper Mountain Centerra Gold Freeport Freepo
Slide 10: Briggs, Mannersley and Fig Tree Hill Copper Project
Briggs, Mannersley and Fig Tree Hill Copper Project Provides ALM with exposure to a large, outcropping copper deposit in an excellent jurisdiction and with significant upside. ALM can earn up to 70% project interest through staged exploration expenditure. Current Inferred Resource 143Mt @ 0.29
Slide 11: Excellent Preliminary Metallurgy Test Results
Excellent Three representative types of mineralisation delivered copper flotation recoveries of 92-95% and concentrate grades of 17-20% copper. Preliminary No trace metals of concern, with particularly low levels of arsenic, cadmium, and uranium. Metallurgy These results are scoping level and
Slide 12: Regional Infrastructure Surrounds Briggs Project
Regional Infrastructure Surrounds Briggs Project 60km from deep-water port (Gladstone). Multiple high-voltage power lines within 10-15km. Nearby heavy haulage railway currently used for coal exports. Nearby multiple gas pipelines. Nearby major regional road (Dawson Hwy). Nearby skilled i
Slide 13: Well Mineralised Belt
Well Mineralised Belt RELATED TO PERMO-TRIASSIC INTRUSIONS Well-endowed belt of gold mineralisation with major gold production centers at Mt Morgan, Mt Rawdon. Large batholithic intrusions of Permo-Triassic age (~250Ma) which intrude older Devonian volcanics and sediments. Copper and gold mine
Slide 14: Scale Potential at Briggs
Scale Potential at Briggs EXPLORATION TARGETS Briggs comprises three intrusive centers, each of which has outcropping porphyry copper mineralisation. Opportunity for low strip ratio and low mining costs. Soil sampling is very effective in outlining mineralisation. Exploration targets determi
Slide 15: Northern Porphyry
Northern Porphyry EXCELLENT ASSAYS IN RECENT DRILLING Two core holes (22BRD0013 and 22BRD0014) completed in recent program. Predominantly mineralised volcanic sediments with mineralised porphyritic granodiorite intrusions. Majority of core contains disseminated and quartz-vein hosted pyrite an
Slide 16: Briggs Central
Briggs Central EVIDENCE OF HIGHER GRADES Hole 21BRC0012 confirms higher grade copper zones (e.g. 30m @ 0.54% Cu) occur at shallow depth and along the north-eastern intrusive contact of the Central Porphyry and into the immediately surrounding volcanic sediments. Higher grade copper zones also oc
Slide 17: Positive Drilling Results
Positive Drilling Results RESOURCE UPDATE IMMINENT Assays from 22BRD0013 and 22BRD0014 show copper mineralisation up to 750m along strike from the current mineral resource estimate. 23BRD0015 assays include significant molybdenum mineralisation, the best seen to date on the project, and extend c
Slide 18: East Kimberley Copper Projects
East Kimberley Copper Projects 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 copper mineralisation like the world class central African Copper B
Slide 19: Summary
Summary NEXT SIX MONTHS: NEWS FLOW Complete soil sampling program at Briggs to evaluate deposit extensions Updated mineral resource estimate at Briggs Additional drilling at Briggs to increase resource scale and evaluate higher-grade positions Initial reconnaissance trip to East Kimberley to
Slide 20: Alma Metals
ALMA$METALS ASX:ALM almametals.com.au ¥9 f @