Alma Metals Limited has commenced a 3,000m core drilling program to evaluate exploration targets and resource extensions at the Briggs porphyry copper deposit in Queensland. The Project includes the Briggs Central copper deposit, where an Inferred Resource of 143Mt @ 0.29% Cu has been defined, located approximately 50km to the west of Gladstone in central Queensland. This program forms part of the Stage 1 Earn-In at the Briggs, Mannersley and Fig Tree Hill joint venture with Canterbury Resources Ltd. Key points are as follows: Soil sampling on a nominal 100m x 50m grid over the Briggs porphyry copper system shows anomalous copper greater than 0.1% over three areas.

Geological mapping and limited drilling confirms that each of these three anomalies define outcropping mineralised intrusions and adjacent volcanic sediments containing copper bearing quartz stockworks . The central area also contains the Briggs Central Inferred Resource (143Mt @ 0.29% Cu). Exploration Targets have been defined for each of these three areas.

Six deep diamond drill holes for a total of 3,000m are planned, four to expand the existing resource and evaluate the exploration target at Briggs Central, and two to evaluate the exploration target at the Northern Porphyry.