EAST KIMBERLEY COPPER PROJECT

The East Kimberley plateaux comprises flat to near flat lying clastic sediments and volcanic rocks of the Kimberley Group. The lower part of the Kimberley Group contains the Wunaamin Miliwundi sandstones and the Carson Volcanics comprising massive, altered basalts and minor clastic sediments. These are overlain by the massive red siltstones and minor shales of the Elgee Siltstone, and then in turn by the Pentecost Sandstone, comprising Lower, Middle and Upper units.

Known copper occurrences have been mapped within or adjacent to the shale units of the Elgee Siltstone and associated with glauconitic sandstones at the base of the Middle Pentecost Sandstone.

In both instances, these horizons represent reduced sequences which make favourable hosts for copper sulphide precipitation. Copper may have been sourced from the underlying altered basalts of the Carson Volcanics. Copper accumulation may have occurred at structural sites in the reduced host sequences such as fault margins to sub-basins and along the edges of uplifted domes.

The geology and copper occurrences fit the conceptual model for sediment-hosted copper mineralisation such as that known in the world-class Central African Copperbelt (Zambia and DRC).

Alma has two granted exploration licences and five more under application which cover known copper occurrences that represent both structural settings discussed above. There are several known copper occurrences in both the Elgee Siltstone and the base of the Middle Pentecost Sandstone in the area under application. The area shows significant sub-basin marginal faulting along dome margins, which may have acted as fluid pathways for copper-bearing solutions to move from the underlying Carson Volcanics into the stratigraphically higher trap sites.