Alma Metals Limited · ASX:ALM
Alma Metals — RIU Fremantle (February 2026)
14 slides from Alma Metals's conference presentation, Feb 17, 2026
Slide 1: Briggs: 2Mt Copper in Central Queensland
BRIGGS: 2Mt COPPER IN For personal use only CENTRAL QUEENSLAND COMPANY PRESENTATION FEBRUARY 2026
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
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 to 70% interest in a porphyry Cu-Mo project containing >2Mt Cu metal. Queensland’s largest undeveloped copper proje
Slide 4: ALM: Corporate Snapshot
ALM: Corporate Snapshot Alasdair Cooke Executive Chairman SHARES ON ISSUE: 2.23B 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 (1.5c): A$33M Frazer
Slide 5: Good Time to Invest in Copper Developers
Good Time to Invest in Copper Developers Copper demand is growing steadily to support EV’s, renewable energy generation, For personal use only data centres and it underpins global decarbonisation. Global copper supply must grow substantially and rapidly if the world is to come close to its net-z
Slide 6: Briggs Has Scale: 2Mt Copper Metal in 2025 Mineral Resource Estimate
Briggs Has Scale: 2Mt Copper Metal in 2025 Mineral Resource Estimate ROBUST MINERAL RESOURCE ESTIMATE (MRE): For personal use only Very large MRE hosting 2Mt copper metal in inferred and RPEEE Northern Porphyry Pit Shell indicated resources at 0.15% Cu cut-off grade (see table below). Deposit
Slide 7: Deposit Geometry and Outcropping Nature Supports Economy of Scale
Deposit Geometry and Outcropping Nature Supports Economy of Scale Continuous outcrop along entire 2.2km strike length of the deposit, coupled with simple geometry allows for efficient large-scale mining For personal use only Coupled with highly efficient mineral processing this may provide the o
Slide 8: Simple Processing Flowsheet to Unlock Value at Briggs
Simple Processing Flowsheet to Unlock Value at Briggs Locked-Cycle Flotation tests (April 2025) at For personal use only coarse grind sizes delivered excellent results: 94-95% copper recovery Concentrate grades 23-29% Cu No penalty elements of concern. Coarse primary grind size 150µm to 21
Slide 9: Location, Location, Location Briggs Cu-Mo Deposit
Location, Location, Location Briggs Cu-Mo Deposit 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. Calliope Multiple gas pipelines.
Slide 10: Upside at Briggs; MRE Expansion and Process Flowsheet Optimisation
Upside at Briggs; MRE Expansion and Process Flowsheet Optimisation RESOURCE UPSIDE: For personal use only Excellent correlation of surface geochemistry and copper grade in top 200m. Current drilling validates MRE block model to 500m depth and lends support to planned drill programs. Signific
Slide 11: Recent Drilling Results Support Geological Model and Extend Depth
Recent Drilling Results Support Geological Model and Extend Depth Deepest drilling to date was completed in late 2025 For personal use only Geology exactly as predicted by MRE/geological block model Assays highlight good grades continue over 500m below surface Hole ID Depth From Depth To Inter
Slide 12: News Flow: Immediate Progression into Pre-Feasibility Study
News Flow: Immediate Progression into Pre-Feasibility Study Alma has committed to a PFS which will include the following programs: For personal use only Major drilling program (ultimately >25,000m over ~18 months) to enhance and expand the MRE, supporting detailed mine planning and scheduling at
Slide 13: Investment Highlights
Investment Highlights Global supply-demand fundamentals support a high copper price for the foreseeable future. For personal use only ALM is one of the best leveraged pure copper plays on the ASX backed by a large-scale and potentially long-life asset in a stable, mining friendly Tier 1 jurisdic
Slide 14: 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.