Alma Metals Limited · ASX:ALM
Alma Metals — Investor Presentation (May 2025)
18 slides from Alma Metals's investor presentation, May 1, 2025
Slide 1: >2Mt Copper in a Tier 1 Jurisdiction
>2Mt COPPER IN A TIER 1 JURISDICTION For personal use only COMPANY PRESENTATION MAY 2025
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 the Competent Person under the 2012 Edition of the Aus
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
Slide 4: Briggs JV Copper Project
Briggs JV Copper Project Briggs Cu-Mo Deposit Large-scale, outcropping deposit: For personal use only >2 million tonnes copper with huge upside for tonnage and grade Potential open pit with very low strip ratio One of Australia’s largest undeveloped copper resources Outstanding metallurgy:
Slide 5: Recent Progress at the Briggs JV Copper Project
Recent Progress at the Briggs JV Copper Project Completion of updated Mineral Resource Estimate: For personal use only Total of 439Mt @ 0.25% Cu and 36ppm Mo (0.2% Cu cut). Includes conversion of 110Mt into Indicated Category. Includes small oxide resource that may have significant value.
Slide 6: 2025 MRE Update
2025 MRE Update CONFIDENCE AND GROWTH Incorporates 17 historical drill For personal use only holes, 36 ALM + 5 CBY drill holes. Conversion of 25% of resource into Indicated category where drill density was sufficient. Includes silver and gold estimation for use in offtake negotiations. Inclu
Slide 7: April 2025 Mineral Resource Estimate
April 2025 Mineral Resource Estimate Pit optimisation undertaken to demonstrate RPEEE for Briggs used following assumptions: For personal use only Northern Porphyry Spot prices (25-03-2025) for Copper (US $4.50/lb) and Moly ($28/lb). 94% Cu recovery and 66% Mo recovery (from metallurgical test
Slide 8: April 2025 Mineral Resource Estimate Tables
April 2025 Mineral Resource Estimate Tables Briggs Total MRE at Different Cut-Off Grades Briggs Total MRE at 0.20% Cu Cut-Off Grade For personal use only 8 | ASX:ALM
Slide 9: Excellent Metallurgical Properties Confirmed for Briggs Cu-Mo Deposit
Excellent Metallurgical Properties Confirmed for Briggs Cu-Mo Deposit Excellent preliminary batch flotation results at coarse grind sizes: For personal use only Primary grind size 150µm to 212µm. Rapid kinetics and low reagent consumption. ~90% recovery of copper into cleaner concentrates gr
Slide 10: Metallurgy: Locked-Cycle Froth Flotation
Metallurgy: Locked-Cycle Froth Flotation For personal use only Conceptual Flowsheet for Briggs Concentrator Locked cycle final concentrate for Briggs Intrusive Master Composite 10 | ASX:ALM
Slide 11: Briggs Scoping Study Progress
Briggs Scoping Study Progress Phase 1 Environmental Assessment (completed) Desktop assessment of environmental constraints completed. For personal use only No fatal flaws identified. Main areas of potential concerns identified. Detailed permitting tasks defined, baseline surveys to commence
Slide 12: 2025 Planned Drilling Programs for Further Resource Upgrade
2025 Planned Drilling Programs for Further Resource Upgrade Excellent correlation of surface geochemistry with copper grade in top 200m. For personal use only Successfully used to target current Indicated Resource zone. High priority infill drilling to NW and SE of current Indicted Resource to
Slide 13: 900m Deep Drill Hole Supported by Queensland CEI Grant
900m Deep Drill Hole Supported by Queensland CEI Grant Successful CEI Grant application for a single 900m deep hole across the entire Briggs For personal use only system and to test a deep geophysical anomaly to the SW of the current MRE. CEI Grant will re-imburse $250k (+GST) after drilling and
Slide 14: Developing a large-scale copper project in a low-risk jurisdiction
Alma: Developing a large-scale copper project, in a low- risk jurisdiction, close to excellent infrastructure with outstanding metallurgical recoveries Large resource at Briggs with >2M tonnes Cu metal For personal use only Resource upside and potential to increase grade Successful resource up
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.
Slide 16: ALM: Corporate Snapshot
ALM: Corporate Snapshot Alasdair Cooke Executive Chairman SHARES ON ISSUE: 1.59B Geologist and founding director, 35 years in mining For personal use only Current Director Caravel Minerals, African Energy, formerly BHP Minerals, Exco Resources. OPTIONS 65M MARKET CAPITALISATION (0.5c): A$8.0M Frazer
Slide 17: Opportune Time: Strong Copper Fundamentals Over the Next Years
Opportune Time: Strong Copper 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
Slide 18: 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