Past year: ▲ 0%(0.60c – 1.60c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
18 June 2025drilling scheduled▲ Good
Alma plans a 900m deep Briggs hole from July to test a deep electromagnetic anomaly beside the resource, part-funded by the A$250,000 Queensland grant. The scoping study is on track for next quarter. Follows the April resource update and grant win.
11 June 2025price query● Neutral
ASX queried a share price jump from 0.35c to an intraday high of 0.8c on heavy volume. Alma said it knew of no unannounced information explaining the trading and confirmed it complied with disclosure rules. No explanation was given.
3 June 2025capital raising announcement● Neutral
Offer document for the rights issue: 1 new share per 6 held at 0.4c to raise up to about A$1.06M, closing 20 June 2025. Open only to holders in Australia and New Zealand. Terms match the earlier notice; the rest of the text was truncated.
26 May 2025capital raising announcement● Neutral
Re-issued rights offer notice, replacing the 23 May version: up to about A$1.06M at 0.4c, 1 new share for every 6 held, minimum A$500,000, not underwritten. Closing date is now 20 June, with results on 27 June. Funds go to the Briggs scoping study and drilling.
23 May 2025capital raising announcement▼ BadMajor
Alma seeks up to about A$1.06M via a rights offer of 1 new share for every 6 held at 0.4c (minimum A$500,000, not underwritten). Funds go to the scoping study and Briggs drilling. The price is below the 0.75-0.8c of 2024 raisings, so existing holders are diluted unless they take part.
1 May 2025investor presentation● Neutral
May 2025 company presentation repeating the Briggs resource, 51% stake, ~95% copper recovery and underway scoping study. States enterprise value of about A$5M. No new results in the readable text.
29 Apr 2025quarterly activities report● Neutral
March quarter report restates the new resource and the 95% copper recovery. Alma won a A$250,000 Queensland grant towards a 900m deep Briggs hole. Cash and liquid investments about A$3.2M, down from ~A$4.1M in December. Mining studies start this quarter.
10 Apr 2025resource reserve update▲ GoodMajor
Briggs resource updated: Indicated 110Mt at 0.27% Cu plus Inferred 329Mt at 0.24% Cu, total 439Mt at 0.25% Cu (0.2% cut-off), about 1.1Mt copper. First Indicated category, versus the 2023 all-Inferred 415Mt. Feeds the scoping study; more drilling planned later this year.
4 Apr 2025admin correction● Neutral
Re-release of the 3 April locked-cycle flotation announcement, adding an appendix of drill hole collar locations for the metallurgical samples. Results are unchanged.
3 Apr 2025drilling result▲ GoodMajor
Locked-cycle flotation tests show 95% copper recovery into 29% Cu concentrate for intrusive rock and 94% into 23% Cu for volcanic-sediments, up from the 89-90% in February's preliminary tests. No penalty elements found. Resource update is nearing completion.
14 Mar 2025half year report● Neutral
Half-year accounts to 31 December 2024 with a BDO review conclusion and no matters flagged after period end. Notes 51% of Briggs, no debt, and about A$3.3M of listed investments in Caravel and Canterbury. Directors state the company can pay its debts. Financial figures not in readable text.
27 Feb 2025drilling result▲ GoodMajor
First Briggs flotation tests recover 89-90% of copper into concentrate above 25% Cu at coarse grind sizes, with up to 75% molybdenum recovery. Supports the base case for the scoping study (mid-2025); the revised resource is due this quarter.
31 Jan 2025quarterly activities report● Neutral
December quarter report recaps the completed 2,955m Briggs program and the Southern Porphyry discovery. Resource update and metallurgy are underway, mining studies start this quarter. A$677,000 R&D rebate received; cash and liquid investments about A$4.1M, down from ~A$5.3M at September.
30 Jan 2025drilling result▲ GoodMajor
Final Briggs assays confirm the Southern Porphyry as a new discovery about 300m from the resource: 270.5m at 0.22% Cu in 24BRD0035 and 97m at 0.20% Cu in 0036. Central infill hole 0033 gave 203.1m at 0.36% Cu. Resource update due this quarter; scoping study mid-2025.
9 Dec 2024investor presentation● Neutral
December 2024 Asia non-deal roadshow presentation repeating the 415Mt at 0.25% Cu resource, 51% stake, and the 2,955m drilling program completed in early December. Notes a scoping study is underway. No new results in the readable text.
3 Dec 2024drilling result▲ Good
Holes 24BRD0030 and 0031 returned 220.6m at 0.27% Cu and 185m at 0.29% Cu from surface; more modest than the earlier 0.45% hole. The drilling program finished 2 December. Alma received a A$630,000 R&D tax rebate and says it is fully funded for the drilling, metallurgy and mining studies. Assays for the remaining holes are due in Q1 2025.
30 Oct 2024agm notice● Neutral
AGM results: resolutions shown in the text passed with over 99% of votes cast, including director placement shares and option grants to Cooke, Tabeart and Chitalu. Hume's re-election was withdrawn. Resolves the open approvals for the A$140k director placement.
29 Oct 2024director officer appointment● Neutral
Non-executive director Ian Hume is retiring after eleven years on the board and will not seek re-election, so his AGM re-election resolution was withdrawn. Other AGM business proceeds as planned.
24 Oct 2024quarterly activities report● Neutral
September quarter report: six holes (1,545m) drilled at Briggs and four more (about 1,200m) planned this quarter. Alma now holds 51% and has committed to Stage 3. The A$750,000 placement is noted. Quarter-end cash and liquid investments are stated as ~A$5.3M.
16 Oct 2024investor presentation● Neutral
October 2024 conference presentation repeating the 415Mt at 0.25% Cu Briggs resource, the 51% stake and the 2,650m program. Shows about 1,542M shares, 25M options, cash of A$1.8M at 30 September and no debt. No new results.
14 Oct 2024farm in farm out completion▲ GoodMajor
Alma has completed Stage 2 of the Briggs earn-in and now holds 51%, with Canterbury at 49%, almost two years ahead of schedule. It has committed to Stage 3 (70%) by spending A$10M by 30 June 2031. The drill program was increased from 2,000m to 2,650m.
8 Oct 2024security holder rights change● Neutral
Board plans 40M unlisted options at 1.5c strike, expiring 31 October 2027, for staff and directors (32M to directors, 8M to employees), about 2.6% of issued capital. Director grants need approval at the 30 October AGM. No other employee incentives are currently on issue.
1 Oct 2024drilling result▲ GoodMajor
Alma's own release of the same holes: 24BRD0028 returned 159.3m at 0.40% Cu, including 68m at 0.70% Cu; 24BRD0027 gave 82.3m at 0.26% Cu. Supports the higher-grade theme from 24BRD0026. Next two holes' assays are due in 3-4 weeks; placement funds extend drilling.
1 Oct 2024drilling result▲ Good
Canterbury, Alma's Briggs JV partner, reports holes 24BRD0027 and 0028: 159.3m at 0.40% Cu from 8.1m, including 68m at 0.70% Cu. Hole 0027 averaged 0.22% Cu over 250m. Follows the 276m at 0.45% Cu hole; Alma expected to reach 51% this year.
30 Sept 2024annual report● Neutral
2024 annual report: the Managing Director's letter highlights the 276m at 0.45% Cu hole and expects the Briggs stake to reach 51% by calendar Q4 2024. A scoping study is targeted for late 2024 or early 2025. East Kimberley awaits cultural heritage clearance.
30 Sept 2024other● Neutral
Appendix 4G for the year to 30 June 2024: a corporate governance compliance checklist pointing to the company website. No new business information in the readable text.
17 Sept 2024capital raising announcement● NeutralMajor
Alma is raising A$750,000 by placing 100M shares at 0.75c, below April's 0.8c, to fund two to three more Briggs holes. A$140,000 from directors needs shareholder approval. The drill contractor will also take up to A$75,000 of fees in shares at 0.75c.
What it means for a shareholder
100m new shares at A$0.0075 to raise about A$750,000. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (133,333 at the issue price), your slice goes from 0.0213% to 0.0183% of the company. To keep it you'd need 21,276 more shares - about A$160 at the issue price.
Create a free account to see this worked out for your own holding.
11 Sept 2024investor presentation● Neutral
September 2024 company presentation repeating the 415Mt at 0.25% Cu resource and the 276m at 0.45% Cu hole. Lists about 1,450M shares, cash of about A$1.5M at 31 July and no debt. Says a scoping study is underway. No new results.
11 Sept 2024agm notice● Neutral
Administrative notice: the AGM is expected around 30 October 2024, and director nominations close on 25 September 2024.
28 Aug 2024drilling result▲ GoodMajor
Hole 24BRD0026 returned 276m at 0.45% Cu from surface, including 49m at 1.01% Cu from 3m, the best copper intersection at Briggs since discovery. It supports the higher-grade theme from the 2023 drilling; more assays are due in 4-6 weeks.
