Alma Metals Limited · ASX:ALM
Alma Metals — Noosa Mining Conference 2025
19 slides from Alma Metals's conference presentation, Jul 23, 2025
Slide 1: >2Mt Copper in a Tier 1 Jurisdiction
>2Mt COPPER IN A TIER 1 JURISDICTION For personal use only COMPANY PRESENTATION JULY 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: ALM: Corporate Snapshot
ALM: Corporate Snapshot Alasdair Cooke Executive Chairman SHARES ON ISSUE: 1.85B 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 (0.4c): A$7.4M Frazer
Slide 6: Recent Progress at Briggs
Recent Progress at Briggs Completion of updated Mineral Resource Estimate: Total of 439Mt @ 0.25% Cu and 36ppm Mo (0.2% Cu cut). For personal use only Includes conversion of 110Mt into Indicated Category. Includes small oxide resource that may have significant value. 2Mt Cu metal at 0.15%
Slide 7: 2024 Drilling Confirmed Higher Copper Grades around Intrusive Contact
2024 Drilling Confirmed Higher Copper Grades around Intrusive Contact Northern Porphyry 3D model of Cu distribution (>0.20% Cu) For personal use only derived from all drilling and soil sampling 63Mt @ 0.24% Cu + 28ppm Mo Briggs Porphyritic Granodiorite (interpreted 3D geometry) Central C’ 376Mt @ 0.
Slide 8: Outstanding Results from 2024 Core Drilling Program
C C’ Assay results OUTSTANDING RESULTS FROM 2024 CORE DRILLING PROGRAM For personal use only Best-to-date intersection at Briggs with: 276m @ 0.45% Cu and 24ppm Mo from surface Including 49m @ 1.01% Cu, 17ppm Mo from 3m Higher-grades straddle contact between intrusions and enclosing volcanic
Slide 9: 2025 MRE Update: Confidence and Growth
2025 MRE Update CONFIDENCE AND GROWTH For personal use only Incorporates 17 historical drill 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 10: 2025 Mineral Resource Estimate
2025 Mineral Resource Estimate Pit optimisation undertaken to demonstrate Northern Porphyry RPEEE for Briggs used following assumptions: For personal use only Spot prices (25-03-2025) for Copper (US $4.50/lb) and Moly ($28/lb). Briggs Central 94% Cu recovery and 66% Mo recovery (from metallurg
Slide 11: 2025 Mineral Resource Estimate Tables
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 11 | ASX:ALM
Slide 12: 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 13: 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 13 | ASX:ALM
Slide 14: Briggs Scoping Study Progress
Briggs Scoping Study Progress Mineral Resource Update (completed) MRE update and conversion of part of resource to JORC Indicated complete. For personal use only Includes Indicated Resource category to support Scoping Study. Metallurgical Test-Work (completed) Very high recoveries into 29%
Slide 15: 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 system and to test For personal use only a deep geophysical (VTEM) anomaly to the SW of the current MRE. CEI Grant will re-imburse $250k (+GST) after drill
Slide 16: Higher Grade Zones on SW side of Briggs MRE adjacent to resistivity low
Higher Grade Zones on SW side of Briggs MRE adjacent to resistivity low Best-to-date intersection at For personal use only Briggs is on the SW side of the system, with: 276m @ 0.45% Cu and 24ppm Mo from surface Including 49m @ 1.01% Cu, 17ppm Mo from 3m Higher-grades straddle contact between
Slide 17: 2025 Additional Drilling Programs for Further Resource Upgrade
2025 Additional 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
Slide 18: Alma: 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 Successful resource upgrade to JORC Indicated category For personal use only Resource upside
Slide 19: 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.