Alma Metals Research Report
Alma cracks high-grade with 49m @ 1% (from 3m) within 276m at @ 0.45% from surface in latest drilling results.
Alma Research Report from 708 Capital shows Briggs’ economic viability against global and domestic peers in development and production.
- The report clearly demonstrates that lower-grade, long-life projects are economically viable.
- Alma’s Briggs project has several critical advantages over its development-stage peers.
- Highest-grade results to-date commence from surface and demonstrate potential for high-grade starter pit or heap-leach operation.
- Continuous and consistent ore grade mineralisation demonstrates very low strip-ratio.
- Requires no pre-production strip.
- Close to existing infrastructure incl: low-cost electricity, water, port, road and rail access.
- Excellent metallurgical recoveries (95%) from initial test work.
Latest Drilling Results demonstrate high-grade oxide mineralisation from surface
- 1st hole of ongoing 6-hole diamond program shows high-grade potential of Briggs existing 415Mt at 0.25% Copper resource.
- Near-surface oxide results demonstrate potential for higher-grade starter pit or significantly lower capex heap-leach start-up operation.
- Current drill program to support upgrade of current resource and commencement of scoping study in Q4, 2024.
- Drilling success follows on from 2023 diamond program resulting in similar high-grade oxide results of 49m @ 0.59% (hole 21).