Alma commits to Stage 2 earn-in at Briggs, already one of the top-10 largest undeveloped copper projects in Australia

Alma has reached the next step of its earn-in for the Briggs, Mannersley and Fig Tree JV. Pic: via Getty Images.

• Alma earns 30% interest in Briggs, Mannersley and Fig Tree JV after completing Stage 1 earn-in
• Commits to Stage 2 earn-in to increase stake to 51%
• Exploration has already defined a +1Mt of contained copper resource
• Drilling to test Exploration Target and higher-grade zones already under way

Alma has committed to the Stage 2 earn-in for the Briggs, Mannersley and Fig Tree joint venture in Queensland where exploration has outlined a large 2.3km by 1km copper anomaly over the Briggs deposit. In August 2021 the company – then known as African Energy Resources – committed to earning up to 70% in the JV from Canterbury Resources (ASX:CBY) through staged expenditure totalling up to $15.25m over nine years.