Alma Metals Limited · ASX:ALM

Alma Metals — Investor Presentation (September 2023)

17 slides from Alma Metals's investor presentation, Sep 20, 2023

  1. Slide 1: Briggs Copper Project, Queensland

    BRIGGS COPPER PROJECT QUEENSLAND For personal use only SEPTEMBER 2023

  2. 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

  3. Slide 3: 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

  4. Slide 4: 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$2.2M Geologist, porphyry Cu-Au expert, 30 years in exploration John Dean Non-Exec

  5. Slide 5: Briggs JV Copper Project

    Briggs JV Copper Project For personal use only  Provides ALM with exposure to a large, outcropping copper deposit in an excellent jurisdiction, great infrastructure and with significant upside.  ALM can earn up to 70% project interest through staged exploration expenditure.  Inferred Resource 415

  6. Slide 6: 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 6 | AS

  7. Slide 7: 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

  8. Slide 8: Emerging Large Copper Deposits in Australia

    Emerging Large Copper Deposits in Australia Bulk Tonnage Projects in Australia 2.00% For personal use only  Briggs copper contains 415Mt @ 0.25% Cu Inferred Resource.  One of several emerging bulk scale projects in 1.50% Australia. Havieron  Significant upside at Briggs based on soil Cu eq grade

  9. 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 For personal use only Location Canada Canada Canada USA USA USA Sweden Panama Zambia Peru Owner Taseko Mines Ltd Copper Mountain Centerr

  10. 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

  11. Slide 11: 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

  12. Slide 12: 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 2023/23.  Majority of holes intersected copper mineralisation at >0.10% Cu over thick intervals.  Updated Mineral Resource Estimate 6 July 2023.  Inferr

  13. Slide 13: Higher Grades

    Higher Grades 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 sediment

  14. Slide 14: Higher-grade targets being tested through follow-up drilling

    Higher-grade targets being tested through follow-up drilling For personal use only 14 | ASX:ALM

  15. 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:

  16. Slide 16: 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 for follow-up - infill drilling underway 4. Assays expected from October onwards 5. Constant news flow into January 2024 16 | ASX:ALM

  17. Slide 17: Alma Metals

    ALMA$METALS ASX:ALM almametals.com.au ¥W fH @

Alma Metals — Investor Presentation (September 2023) on 6ix