Two months ago Garimpeiro said he was taken by BHP’s assessment at the time that the supply deficit in copper previously expected to emerge in the final third of the 2020s could well come earlier.
Alma Metals’ (ASX:ALM) flagship Briggs porphyry copper deposit currently has an inferred resource of 415Mt @ 0.25% copper and 31 parts per million (ppm) molybdenum – one of the largest copper and moly deposits in Australia.
Where is Australia's next big copper discovery coming from after a disappointing run for this 'everything, everywhere, all at once' metal?
The eastern contact zone at the Briggs central deposit has been extended to ~500m with depth outlined to over 200m. Drilling to upgrade resource confidence to start in early Q2 2024.
Recently completed core drilling at the Briggs project has intersected a thick zone of copper-molybdenum mineralisation from surface
Alma Metals to acquire two new Exploration Permits for Minerals (EPMs) next to the Briggs copper project in Queensland.
Briggs one of top 10 largest undeveloped copper projects in Australia. Drilling is ongoing, with all assays from latest drilling expected by mid Q1, 2024.
Soil sampling at the Briggs porphyry copper-molybdenum project in Queensland confirms upside with a large anomaly now measuring 2,300m long and up to 1,000m wide at >500ppm copper.
Alma's promised upgrade for its Briggs copper project in Central Queensland has arrived in style with contained copper resources more than doubling to the 1 million tonne mark.
Alma's final assays from core drilling at its Briggs copper project in Central Queensland have proven beyond a doubt that a substantial upgrade to current resource is on the cards in the third quarter.
Alma Metals' latest assays from core drilling at the Briggs copper project in Central Queensland have confirmed broad zones of copper-molybdenum sulphide mineralisation well outside the existing inferred resource.
Alma Metals has received commitments to raise $2 million to fund further resource extension and infill drilling at the Briggs, Mannersley and Fig Tree Hill copper project in Queensland.
Further assays from Alma Metals' core drilling at the Briggs copper project in Queensland have extended the copper-molybdenum sulphide mineralisation for the third time in as many months.
Alma is increasingly certain that it has intersected a large copper porphyry deposit at its Briggs project in central Queensland after a second hole intersected multiple porphyritic intrusions.
Porphyry deposits are known for their large volumes and recent core drilling has provided more evidence that this is very much true of Alma’s Briggs copper project in central Queensland.
Alma to keep rigs spinning at full throttle to grow copper resource at Briggs porphyry.
Alma is cashed up and ready to hunt more copper at Briggs and is wasting no time as preparations are now underway for drilling at its Briggs copper deposit in Queensland.
Alma is another step closer to being granted access to initiate copper exploration over about 1,000 km2 of Western Australia's East Kimberley region.
Alma has exercised its option to earn up to 70% in the Briggs, Mannersley and Fig Tree Hill copper project in central Queensland by spending $15.2m over nine years.
Alma's soil sampling has indicated that copper mineralisation at the Briggs, Mannersley and Fig Tree Hill copper project is more widespread than originally thought.
Alma's metallurgical test work has returned copper recoveries of between 92% to 95% for the three types of mineralisation at the Briggs copper deposit in Queensland.
The positive outlook for copper prices as the world begins the long but accelerating transition from fossil fuels to renewable energy will unlock deposits previously thought uneconomic.
Copper Exploration and Development
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