Alma Metals Limited · ASX:ALM
Alma Metals — Investor Presentation (July 2022)
22 slides from Alma Metals's investor presentation, July 2022
Slide 1: Advanced copper exploration in Australia
July 2022 Advanced copper exploration in Australia ASX: ALM
Slide 2: Copper Exploration Portfolio Summary
Copper Exploration Portfolio Summary Earn-In option exercised over Briggs Copper Project in East Kimberley Queensland, ALM can earn up to 70%. Copper Next phase of drilling at Briggs to start in H2 2022, to test exploration targets, increase resource size and provide material for metallugical te
Slide 3: Strategic Focus on Australia and Copper
Strategic Focus on Australia and Copper Very strong fundamentals for long-term growth in copper market. ALM seeking to expand portfolio with more exposure to copper Focus on Tier 1 fiscal jurisdictions. Demand for copper increasing for global de-carbonisation (renewable energy, electric vehi
Slide 4: Copper's role in Global De-carbonisation
Copper’s role in Global De-carbonisation Source: Trafigura Research April 2022 Slide 4 Source: Bloomberg, WoodMac, UBS estimates May 2021
Slide 5: Copper Demand to Drive Long-Term Growth
Copper Demand to Drive Long-Term Growth Short term downward pressure on copper prices due to slight oversupply between 2023 and 2024. Market into strong deficit by 2026, with a supply shortfall from 2026 to 2030 and beyond. Need multiple, large new mines on-stream by 2026 to avoid massive shor
Slide 6: ALM: Corporate snapshot
ALM: Corporate snapshot Alasdair Cooke Executive Chairman SHARES ON ISSUE: 740M Geologist and founding director, 30 years in exploration OPTIONS: 40.0M Frazer Tabeart Managing Director Geologist, Cu-Au expert, >30 years in exploration CASH: ~A$1.5M John Dean Non-Exec Director VALUE OF LISTED SHARES
Slide 7: Briggs, Mannersley & Fig Tree Hill Location
Briggs, Mannersley & Fig Tree Hill Location Provides ALM with exposure to a large, outcropping low-grade copper deposit in an excellent jurisdiction and with significant upside. Excellent infrastructure, close to road, rail, power, water and only 50km west of Gladstone, SE Queensland. Very low
Slide 8: Briggs, Mannersley & Fig Tree Hill Cu project
Briggs, Mannersley & Fig Tree Hill Cu project SE Queensland - low risk, Tier 1 jurisdiction. Advanced porphyry copper project with 143Mt @0.29% Cu inferred mineral resource (JORC) at Briggs Central Porphyry. Significant opportunity to grow the project, with an Exploration Target of 455Mt to 85
Slide 9: Excellent Preliminary Metallurgy Test Results
Excellent Preliminary Metallurgy Test Results Three representative types of mineralisation delivered copper flotation recoveries of 92-95% and concentrate grades of 17-20% copper These results are scoping level and not optimized. Upside potential to improve concentrate grades through subsequen
Slide 10: Surface Geochemistry is Very Effective
Surface Geochemistry is Very Effective Mineralisation outcrops over >2km strike length, but most of the drilling focused in the central 500m only (Briggs Central). Soil sampling is very effective in outlining copper mineralisation. 0.1% Cu contour outlines three mineralised intrusive clusters
Slide 11: Magnetic Lows Correlate with Mineralisation
Magnetic Lows Correlate with Mineralisation Magnetic data collected in 2015 by Rio Tinto Exploration highlights the intrusive clusters as magnetic lows. These lows are interpreted as magnetite destruction caused by phyllic (quartz- sericite-pyrite) alteration. The presence of sericite in the s
Slide 12: 2021 RC Drilling Program Highlights Upside
2021 RC Drilling Program Highlights Upside Twelve RC holes completed in late 2021. Porphyry Cu-Mo mineralisation intersected in drilling at both the Northern and Southern Porphyry targets, significantly increasing the strike length of known mineralisation. Cu-Mo mineralisation occurs beneath a
Slide 13: Briggs Central – RC Drilling Results
Briggs Central – RC Drilling Results Holes 21BRC0002 to 21BRC0005 confirmed that copper occurs outside the current resource envelope, indicating that the resource can be expanded with further drilling. Hole 21BRC0012 confirms higher grade copper zones, like those in historical hole RC93BR5, occu
Slide 14: Northern Porphyry – RC Drilling Results
Northern Porphyry – RC Drilling Results The Northern Porphyry has a similar tenor copper-in-soils geochemical footprint to the Central Porphyry with anomalous copper greater than 1,000ppm over an area measuring 600m x 400m. 21BRC010 drilled into the peak of the copper soil anomaly and ended in s
Slide 15: Large Upside – Exploration Targets
Large Upside – Exploration Targets Exploration targets have been developed with the following information used to determine size and grade ranges: Surface area determined by geological mapping and 0.1% Cu contour in soils. Similar depth extent to published mineral resource estimate. +/-30% r
Slide 16: Next stages in SE Queensland
Next stages in SE Queensland Short term (next six months): Additional drilling (~3,000m) to validate exploration targets at Northern Porphyry and Briggs Central to commence in H2. Complete soil sampling program on 100m x 50m grid. Metallurgical test-work to confirm previous excellent flotati
Slide 17: East Kimberley copper projects
East Kimberley copper projects Five exploration licences under application (100% ALM) in the East Kimberley District of Western Australia: Considered highly prospective for sediment-hosted, stratiform copper mineralisation like the world class central African Copper Belt (Zambia, DRC) e.g. Kam
Slide 18: SW Terrane copper-gold exploration in WA
SW Terrane copper-gold exploration in WA SW Terrane an emerging multi-commodity province containing world class deposits of copper, PGE’s, gold, lithium, alumina and mineral sands Exploration licences granted for copper +/- gold and one other under application. Three project areas which are co
Slide 19: Sunnyside-Mayanup Progress
Sunnyside-Mayanup Progress Sunnyside and Mayanup contain elevated copper values in regional CSIRO laterite sampling up to 409ppm Cu. Locally mapped porphyritic hornblende- quartz monzonites in central part of Sunnyside = good host rocks for porphyry deposits. Roadside soil sampling competed on
Slide 20: Kondinin and Tarin Rock Targets
Kondinin and Tarin Rock Targets 200m spaced roadside soil sampling programs for Kondinin and Tarin Rock completed last quarter. Assays expected shortly - follow-up programs to be designed as warranted. Tarin Rock Project Kondinin Project Slide 20
Slide 21: Summary
Summary Alma Metals is an Australian copper exploration company. Management with strong technical background for copper. Focus on projects with potential for large deposits in Australia: Earn-In JV over Briggs and Mannersley copper project (143Mt @ 0.29% Cu inferred mineral resource) in SE Q
Slide 22: Cautionary Notes
Cautionary Notes This presentation has been prepared by Alma Metals Limited (“Alma Metals”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in Alma Metals or as an induceme