January 27, 2026
Alma Metals (ASX:ALM) is planning to continue drilling within two months at the Briggs Copper Project in Queensland, following receiving the final assay results from the 2025 drill program.
This year’s drilling will test areas of strong copper anomalism to the northwest of the recently completed drilling program and is the first stage of high-priority infill drilling for a recently approved Prefeasibility Study (PFS). Additional holes are planned to also expand the resource estimate footprint.
Alma, which has a market capitalisation of $29 million, reports the latest assays confirm zones of strong copper mineralisation in the exact locations predicted by the current geological model. The company adds this provides further confidence in the scale and continuity of the mineralised zone.
One of the final assay results include 620m @ 0.25% copper, 30 parts per million (ppm) molybdenum, and 0.70 grams per tonne silver from near-surface – representing the longest mineralised intersection recorded to date at Briggs.
Some of the other results include 386.1m @ 0.26% copper, 17ppm molybdenum, and 0.74% silver, including 30m @ 0.90% copper, 13ppm molybdenum and 2.65g/t silver.
The strongly mineralised intersections in these holes will support extensions to the depth of the indicated resource portion of the resource estimate and extend near-surface mineralisation that could support a higher grade starter pit.
Managing Director Frazer Tabeart says with copper markets increasingly buoyant and supply constraints becoming more evident, the scale and quality of Briggs stand out in a tightening global copper market.
“We look forward to building on this momentum as we move into a significant year of drilling and PFS advancement during 2026,” Tabeart says.
As previously reported, global law firm White & Case states in its Mining & Metals 2026 report that copper is expected to be a “big winner” in 2026, following strong price growth over 2025 with both commodities outperforming US and European equity indices.
According to Trading Economics, copper’s price has risen 6.88% over the past month, and is up 40.16% compared to the same time last year. At the time of writing, the critical mineral’s spot price sat at US$5.9 per pound.
Alma Metals is an Australian copper explorer focused on the development of the Briggs Copper Project in Queensland.