Alma Metals Limited · ASX:ALM
Alma Metals — Investor Presentation (October 2026)
16 slides from Alma Metals's investor presentation, Oct 1, 2026
Slide 1: Briggs Copper Project, Central Queensland - Company Presentation
For personal use only BRIGGS COPPER PROJECT CENTRAL QUEENSLAND Company Presentation October 2026
Slide 2: Cautionary Statements
Cautionary Statements This presentation has been prepared by Alma Metals Limited Forward Looking Statements Information in this presentation relating to Exploration results, (“Alma Metals”) to assist in informing interested parties about Exploration Targets and Mineral Resources is based on This pre
Slide 3: Alma Metals Introduction
Alma Metals Introduction ALM is one of the few ASX-listed pure copper plays advancing a large-scale and potentially long-life asset in a stable, Tier 1 For personal use only jurisdiction. Australian • Briggs Copper JV (Alma 51%) : Alma earning to a 70% interest in a Copper porphyry Cu-Mo project con
Slide 4: Clear Path to Development
Clear Path to Development For personal use only RE SO U R C E SC ALE NEAR-T ERM C A T ALYST S T IER -1 JU RISDIC T IO N INFRASTRUCTURE ADVANTAGE 2Mt Copper Metal Drilling Program Underway Queensland, Australia 60km from Gladstone Port 932Mt @ 0.21% Cu*, including Major infill drilling program
Slide 5: ALM: Corporate Snapshot
ALM: Corporate Snapshot Alasdair Cooke Executive Chairman SHARES ON ISSUE: 2.63B For personal use only Geologist and founding director, 35 years in mining OPTIONS (Strike price from 1.5-1.7c) 57M Current Director Caravel Minerals, formerly BHP Minerals, Exco Resources. MARKET CAPITALISATION (23-Sep
Slide 6: Great Time to Invest in Copper Developers
Great Time to Invest in Copper Developers • Copper underpins global decarbonisation and demand is growing steadily to support EV’s, renewable energy generation, grid upgrades, AI infrastructure/data centres. For personal use only • Global copper supply must grow substantially and rapidly if the worl
Slide 7: Overview of the Briggs Copper Deposit
Overview of the Briggs Copper Deposit • LARGE-SCALE PORPHYRY COPPER DEPOSIT UNDER EVALUATION FOR DEVELOPMENT: For personal use only • Large deposit with 2Mt contained copper, still open at depth and to the west. • Geometry, style and outcropping nature amenable to very low-cost mining. • Significant
Slide 8: Location and Infrastructure
Tier 1 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. • Multiple gas pipelines. Calliope Alumina Refi
Slide 9: Economies of Scale from Deposit Geometry and Outcropping Nature
ECONOMIES OF SCALE from Deposit Geometry and Outcropping Nature • Continuous outcrop along 2.2km strike length, coupled with large tonnage and very simple geometry allows for very efficient mining. • MRE totals 932Mt @ 0.21% Cu, 36ppm Mo, 0.6g/t Ag, containing 2Mt copper metal* For personal use only
Slide 10: Simplicity: Conventional Processing Flowsheet to Unlock Value at Briggs
SIMPLICITY: Conventional Processing Flowsheet to Unlock Value at Briggs • Locked-Cycle Flotation tests at coarse grind sizes For personal use only delivered excellent results in scoping study phase: • 94-95% copper recovery. • Concentrate grades 23-29% Cu. • No penalty elements of concern. • Coarse
Slide 11: Next Steps: Prefeasibility Study (PFS)
NEXT STEPS: Prefeasibility Study (PFS) • Major drilling program underway to enhance and For personal use only expand the MRE, supporting detailed mine planning and scheduling for open pit extraction at an aspirational mining rate of 30 Mtpa1. • New exploration camp recently commissioned to improve e
Slide 12: Staged drilling programs over next 12 months
Staged drilling programs over next 12- months • Stage 1 infill drilling program underway to provide For personal use only metallurgical samples for PFS and to convert portion of Inferred resource to Indicated resource • 10 holes/3,600m completed since early May. • Potentially allows updated Scoping
Slide 13: Assays from First Four Holes Consistent with Expectations
Assays from First Four Holes Consistent with Expectations Hole ID Depth From Depth To Interval Cu Mo Ag (m) (m) (m) (%) (ppm) (ppm) For personal use only 26BRD0042 10.2 394.0 383.8 0.25 26 0.70 including 130.0 261.0 131.0 0.31 21 0.81 including 146.3 223.0 76.7 0.34 23 0.83 and 269.0 289.0 20.0 0.31
Slide 14: Metallurgical Test Work Programs Underway to Unlock Value in 2026
Metallurgical Test Work Programs Underway to Unlock Value in 2026 • Several programs of metallurgical R&D underway to optimise process flowsheet and evaluate additional revenue streams. For personal use only • Bulk master composite flotation has provided enough volume of concentrate for initial moly
Slide 15: Summary
Summary • 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 jurisdiction. • The Br
Slide 16: 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.