# ALM: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146695 Publisher: asx Original announcement: 2026-09-30T08:20:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T09:36:48.948Z Atlas analysis updated: 2026-09-30T09:36:48.948Z - Company: Alma Metals Limited - Ticker: ALM - Exchange: ASX - Region: Queensland - Primary commodity: Copper - Secondary commodities: Molybdenum, Silver, Gold - Document categories: Drill results, Resource update, Metallurgy - Extracted: 2026-09-30 09:36:49 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Alma Metals Limited's 2026 Annual Report details significant advancements at its Briggs JV Copper Project in central Queensland, Australia. The company completed a positive Scoping Study and has committed to a Pre-Feasibility Study, supported by ongoing infill and exploration drilling. New drill results from late 2025 and early 2026 confirmed broad and high-grade copper mineralization, including the longest intersection to date, and metallurgical test work demonstrated high copper recoveries into clean concentrates. While the Mineral Resource Estimate remains unchanged from the prior year, the company is actively working to upgrade Inferred Resources and advance the project towards development, despite reporting a loss and facing a material uncertainty regarding its going concern status. Reasoning: The annual report highlights significant progress at the Briggs Copper Project, including positive Scoping Study results, commencement of a PFS, and new drill results confirming mineralization and extending known zones. Metallurgical test work also yielded strong recovery results. However, the MRE itself is a restatement of the prior year's estimate, and the company faces ongoing financial challenges and a stamp duty dispute. - Positive factor: Progression to Pre-Feasibility Study \(PFS\) for the Briggs Copper Project, indicating project advancement. - Positive factor: Positive Scoping Study results for a large-scale open pit operation at Briggs. - Positive factor: High copper recoveries \(93-95%\) into clean, high-grade concentrates \(23-29% Cu\) from metallurgical test work, de-risking processing. - Positive factor: New drill results from late 2025 and early 2026 confirm broad and high-grade copper mineralization, including the longest intersection to date \(620m at 0.25% Cu\). - Positive factor: A high-grade intersection of 30m at 0.90% Cu was recorded, which is exceptional for a porphyry copper deposit. - Positive factor: Ongoing infill drilling program designed to convert Inferred Resources to Indicated category, improving resource confidence. - Positive factor: Mineral Resource Estimate is JORC compliant and signed off by a Competent Person. - Negative factor: The Mineral Resource Estimate \(MRE\) is unchanged from the prior year, indicating no new resource growth in this report. - Negative factor: Drill intersections are reported as downhole lengths and may not reflect true widths. - Negative factor: The company reported a loss for the year and has a material uncertainty related to its going concern status. - Negative factor: An ongoing stamp duty dispute with the Queensland Commissioner of State Revenue presents a potential financial liability. Facts used in scoring: 48 ## Classification and evidence **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) ## Extracted facts Stored fact records: 48. Some facts used in scoring do not have a stored record. ## Drill Results (48) ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-0) Briggs · copper #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.25 - Grade Unit: % - Intercept: 620 m - From: 9 m - To: 629 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:9-629 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This intercept represents the longest mineralized intersection at Briggs to date, confirming significant scale and continuity of the system from near surface, which is highly material for a porphyry deposit. - Positive factor: Very long intercept \(620m\) for a porphyry copper deposit, indicating significant mineralization continuity. - Positive factor: Intercept starts near surface \(9m downhole\), favorable for open pit mining. - Positive factor: This is the longest mineralized intersection reported at Briggs to date, extending the known system. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.25 Context: 620.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-1) Briggs · molybdenum #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 30 - Grade Unit: ppm - Intercept: 620 m - From: 9 m - To: 629 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:9-629 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade is consistent with byproduct potential in a porphyry copper system over a significant length, contributing positively to the overall intercept value. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Positive factor: Long intercept of molybdenum mineralization. - Negative factor: Apparent width only, true width not stated. Evidence · table > 30 Context: 620.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-2) Briggs · silver #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.7 - Grade Unit: g/t - Intercept: 620 m - From: 9 m - To: 629 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:9-629 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade is consistent with byproduct potential in a porphyry copper system over a significant length, contributing positively to the overall intercept value. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Positive factor: Long intercept of silver mineralization. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.70 Context: 620.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-3) Briggs · copper #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.28 - Grade Unit: % - Intercept: 189 m - From: 52 m - To: 241 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:52-241 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval shows good copper grades over a substantial width, reinforcing the overall positive result of the main intercept in hole 25BRD0037. - Positive factor: Good grade for a porphyry copper deposit over a significant width. - Positive factor: Contributes to the overall long intercept in the hole. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.28 Context: 189.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-4) Briggs · molybdenum #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 50 - Grade Unit: ppm - Intercept: 189 m - From: 52 m - To: 241 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:52-241 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The elevated molybdenum grade within this sub-interval enhances the overall economic potential of the intercept. - Positive factor: Higher molybdenum grade within this sub-interval, indicating potential for valuable byproduct. - Negative factor: Apparent width only, true width not stated. Evidence · table > 50 Context: 189.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-5) Briggs · silver #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.75 - Grade Unit: g/t - Intercept: 189 m - From: 52 m - To: 241 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:52-241 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.75 Context: 189.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-6) Briggs · copper #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.34 - Grade Unit: % - Intercept: 97.9 m - From: 480 m - To: 577.9 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:480-577.9 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This deeper sub-interval demonstrates good copper grades over a substantial width, confirming the continuity of mineralization at depth within the system. - Positive factor: Good grade for a porphyry copper deposit over a significant width at depth. - Positive factor: Reinforces the continuity of mineralization at deeper levels. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.34 Context: 97.9 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-7) Briggs · molybdenum #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 21 - Grade Unit: ppm - Intercept: 97.9 m - From: 480 m - To: 577.9 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:480-577.9 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade within this sub-interval contributes to the overall economic potential of the deeper intercept. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 21 Context: 97.9 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-8) Briggs · silver #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.8 - Grade Unit: g/t - Intercept: 97.9 m - From: 480 m - To: 577.9 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:480-577.9 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade within this sub-interval contributes to the overall economic potential of the deeper intercept. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.80 Context: 97.9 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-9) Briggs · copper #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.35 - Grade Unit: % - Intercept: 30 m - From: 593 m - To: 623 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:593-623 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval demonstrates good copper grades over a moderate width, further confirming the continuity of mineralization at depth within the system. - Positive factor: Good grade for a porphyry copper deposit over a moderate width at depth. - Positive factor: Reinforces the continuity of mineralization at deeper levels. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.35 Context: 30.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-10) Briggs · molybdenum #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 17 - Grade Unit: ppm - Intercept: 30 m - From: 593 m - To: 623 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:593-623 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade within this sub-interval contributes to the overall economic potential of the deeper intercept. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 17 Context: 30.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0037 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-11) Briggs · silver #### Identity - Hole ID: 25BRD0037 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.79 - Grade Unit: g/t - Intercept: 30 m - From: 593 m - To: 623 m - Hole Depth: 809.9 m - Intercept Depth: 9 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0037:593-623 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade within this sub-interval contributes to the overall economic potential of the deeper intercept. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.79 Context: 30.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole was designed to drill across the entire known mineralised system and test a deep geophysical target, extending the known mineralization. Evidence · text > Our deepest hole to date, 25BRD0037, was drilled right across the known mineralised system to 810m. ### 25BRD0038 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-12) Briggs · copper #### Identity - Hole ID: 25BRD0038 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.26 - Grade Unit: % - Intercept: 386.1 m - From: 6.6 m - To: 392.7 m - Hole Depth: 392.7 m - Intercept Depth: 6.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0038:6.6-392.7 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This broad intercept from near surface in a follow-up hole confirms the continuity of copper mineralization along strike, which is a positive development for the project. - Positive factor: Broad intercept of copper mineralization from near surface, consistent with a large porphyry system. - Positive factor: Follow-up hole to 25BRD0037, confirming continuity along strike. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.26 Context: 386.1 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: This hole was drilled 80m to the northwest of 25BRD0037, extending the known mineralization along strike. Evidence · text > The final hole of the 2025 program, 25BRD0038, was drilled 80m to the northwest of 25BRD0037 ### 25BRD0038 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-13) Briggs · molybdenum #### Identity - Hole ID: 25BRD0038 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 17 - Grade Unit: ppm - Intercept: 386.1 m - From: 6.6 m - To: 392.7 m - Hole Depth: 392.7 m - Intercept Depth: 6.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0038:6.6-392.7 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade is consistent with byproduct potential in a porphyry copper system over a significant length, contributing positively to the overall intercept value. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 17 Context: 386.1 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: This hole was drilled 80m to the northwest of 25BRD0037, extending the known mineralization along strike. Evidence · text > The final hole of the 2025 program, 25BRD0038, was drilled 80m to the northwest of 25BRD0037 ### 25BRD0038 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-14) Briggs · silver #### Identity - Hole ID: 25BRD0038 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.74 - Grade Unit: g/t - Intercept: 386.1 m - From: 6.6 m - To: 392.7 m - Hole Depth: 392.7 m - Intercept Depth: 6.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0038:6.6-392.7 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade is consistent with byproduct potential in a porphyry copper system over a significant length, contributing positively to the overall intercept value. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.74 Context: 386.1 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: This hole was drilled 80m to the northwest of 25BRD0037, extending the known mineralization along strike. Evidence · text > The final hole of the 2025 program, 25BRD0038, was drilled 80m to the northwest of 25BRD0037 ### 25BRD0038 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-15) Briggs · copper #### Identity - Hole ID: 25BRD0038 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.9 - Grade Unit: % - Intercept: 30 m - From: 35 m - To: 65 m - Hole Depth: 392.7 m - Intercept Depth: 6.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0038:35-65 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This intercept represents a bonanza grade for a porphyry copper deposit over a significant width, making it one of the highest-grade intersections at Briggs and highly material for the project's economics. - Positive factor: Very high copper grade \(0.90%\) for a porphyry deposit, indicating a bonanza intercept. - Positive factor: This is one of the highest-grade intersections recorded to date at Briggs, significantly enhancing project potential. - Positive factor: Occurs within a shallow zone, favorable for early mining. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.90 Context: 30.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The copper grade of 0.90% is well above the exceptional threshold of 0.8% for porphyry copper deposits. Evidence · text > 30m at 0.90% Cu **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: This hole was drilled 80m to the northwest of 25BRD0037, extending the known mineralization along strike. Evidence · text > The final hole of the 2025 program, 25BRD0038, was drilled 80m to the northwest of 25BRD0037 ### 25BRD0038 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-16) Briggs · molybdenum #### Identity - Hole ID: 25BRD0038 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 13 - Grade Unit: ppm - Intercept: 30 m - From: 35 m - To: 65 m - Hole Depth: 392.7 m - Intercept Depth: 6.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0038:35-65 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade within this high-grade sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 13 Context: 30.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: This hole was drilled 80m to the northwest of 25BRD0037, extending the known mineralization along strike. Evidence · text > The final hole of the 2025 program, 25BRD0038, was drilled 80m to the northwest of 25BRD0037 ### 25BRD0038 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-17) Briggs · silver #### Identity - Hole ID: 25BRD0038 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 2.65 - Grade Unit: g/t - Intercept: 30 m - From: 35 m - To: 65 m - Hole Depth: 392.7 m - Intercept Depth: 6.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0038:35-65 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The elevated silver grade within this sub-interval enhances the overall economic potential of the intercept. - Positive factor: Higher silver grade within this high-grade sub-interval, indicating potential for valuable byproduct. - Negative factor: Apparent width only, true width not stated. Evidence · table > 2.65 Context: 30.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: This hole was drilled 80m to the northwest of 25BRD0037, extending the known mineralization along strike. Evidence · text > The final hole of the 2025 program, 25BRD0038, was drilled 80m to the northwest of 25BRD0037 ### 25BRD0038 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-18) Briggs · copper #### Identity - Hole ID: 25BRD0038 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.26 - Grade Unit: % - Intercept: 129 m - From: 83 m - To: 212 m - Hole Depth: 392.7 m - Intercept Depth: 6.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0038:83-212 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval shows good copper grades over a substantial width, reinforcing the overall positive result of the main intercept in hole 25BRD0038. - Positive factor: Good grade for a porphyry copper deposit over a significant width. - Positive factor: Reinforces the continuity of mineralization at moderate depths. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.26 Context: 129.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: This hole was drilled 80m to the northwest of 25BRD0037, extending the known mineralization along strike. Evidence · text > The final hole of the 2025 program, 25BRD0038, was drilled 80m to the northwest of 25BRD0037 ### 25BRD0038 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-19) Briggs · molybdenum #### Identity - Hole ID: 25BRD0038 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 13 - Grade Unit: ppm - Intercept: 129 m - From: 83 m - To: 212 m - Hole Depth: 392.7 m - Intercept Depth: 6.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0038:83-212 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 13 Context: 129.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: This hole was drilled 80m to the northwest of 25BRD0037, extending the known mineralization along strike. Evidence · text > The final hole of the 2025 program, 25BRD0038, was drilled 80m to the northwest of 25BRD0037 ### 25BRD0038 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-20) Briggs · silver #### Identity - Hole ID: 25BRD0038 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.62 - Grade Unit: g/t - Intercept: 129 m - From: 83 m - To: 212 m - Hole Depth: 392.7 m - Intercept Depth: 6.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: 25BRD0038:83-212 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.62 Context: 129.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: This hole was drilled 80m to the northwest of 25BRD0037, extending the known mineralization along strike. Evidence · text > The final hole of the 2025 program, 25BRD0038, was drilled 80m to the northwest of 25BRD0037 ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-21) Briggs · copper #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.17 - Grade Unit: % - Intercept: 322.3 m - From: 6.5 m - To: 328.8 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:6.5-328.8 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This broad intercept confirms expected copper mineralization, which is a positive outcome for the infill drilling program aimed at resource conversion. - Positive factor: Broad intercept of copper mineralization from near surface, consistent with pre-drilling expectations. - Positive factor: Confirms mineralization within the current MRE block model, supporting resource conversion. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.17 Context: 322.3 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-22) Briggs · molybdenum #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 10 - Grade Unit: ppm - Intercept: 322.3 m - From: 6.5 m - To: 328.8 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:6.5-328.8 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade is consistent with byproduct potential in a porphyry copper system over a significant length, contributing positively to the overall intercept value. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 10 Context: 322.3 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-23) Briggs · silver #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.58 - Grade Unit: g/t - Intercept: 322.3 m - From: 6.5 m - To: 328.8 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:6.5-328.8 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade is consistent with byproduct potential in a porphyry copper system over a significant length, contributing positively to the overall intercept value. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.58 Context: 322.3 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-24) Briggs · copper #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.19 - Grade Unit: % - Intercept: 20 m - From: 113 m - To: 133 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:113-133 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval shows consistent copper grades, which is a positive outcome for the infill drilling program aimed at resource conversion. - Positive factor: Consistent copper grade over a moderate width, supporting resource confidence. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.19 Context: 20 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-25) Briggs · molybdenum #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 12 - Grade Unit: ppm - Intercept: 20 m - From: 113 m - To: 133 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:113-133 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 12 Context: 20 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-26) Briggs · silver #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.56 - Grade Unit: g/t - Intercept: 20 m - From: 113 m - To: 133 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:113-133 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.56 Context: 20 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-27) Briggs · copper #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.25 - Grade Unit: % - Intercept: 18 m - From: 156 m - To: 174 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:156-174 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval shows consistent copper grades, which is a positive outcome for the infill drilling program aimed at resource conversion. - Positive factor: Consistent copper grade over a moderate width, supporting resource confidence. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.25 Context: 18 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-28) Briggs · molybdenum #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 18 - Grade Unit: ppm - Intercept: 18 m - From: 156 m - To: 174 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:156-174 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 18 Context: 18 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-29) Briggs · silver #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.93 - Grade Unit: g/t - Intercept: 18 m - From: 156 m - To: 174 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:156-174 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.93 Context: 18 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-30) Briggs · copper #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.23 - Grade Unit: % - Intercept: 86.9 m - From: 207.1 m - To: 294 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:207.1-294 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval shows consistent copper grades over a substantial width, which is a positive outcome for the infill drilling program aimed at resource conversion. - Positive factor: Consistent copper grade over a significant width, supporting resource confidence. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.23 Context: 86.9 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-31) Briggs · molybdenum #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 6 - Grade Unit: ppm - Intercept: 86.9 m - From: 207.1 m - To: 294 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:207.1-294 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade within this sub-interval contributes to the overall economic potential of the intercept, though at a lower concentration. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 6 Context: 86.9 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0039 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-32) Briggs · silver #### Identity - Hole ID: 26BRD0039 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.78 - Grade Unit: g/t - Intercept: 86.9 m - From: 207.1 m - To: 294 m - Hole Depth: 328.8 m - Intercept Depth: 6.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0039:207.1-294 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.78 Context: 86.9 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0040 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-33) Briggs · copper #### Identity - Hole ID: 26BRD0040 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.15 - Grade Unit: % - Intercept: 388.4 m - From: 4.2 m - To: 392.6 m - Hole Depth: 392.6 m - Intercept Depth: 4.2 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0040:4.2-392.6 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This broad intercept confirms expected copper mineralization, which is a positive outcome for the infill drilling program aimed at resource conversion. - Positive factor: Broad intercept of copper mineralization from near surface, consistent with pre-drilling expectations. - Positive factor: Confirms mineralization within the current MRE block model, supporting resource conversion. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.15 Context: 388.4 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0040 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-34) Briggs · molybdenum #### Identity - Hole ID: 26BRD0040 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 10 - Grade Unit: ppm - Intercept: 388.4 m - From: 4.2 m - To: 392.6 m - Hole Depth: 392.6 m - Intercept Depth: 4.2 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0040:4.2-392.6 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade is consistent with byproduct potential in a porphyry copper system over a significant length, contributing positively to the overall intercept value. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 10 Context: 388.4 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0040 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-35) Briggs · silver #### Identity - Hole ID: 26BRD0040 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.45 - Grade Unit: g/t - Intercept: 388.4 m - From: 4.2 m - To: 392.6 m - Hole Depth: 392.6 m - Intercept Depth: 4.2 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0040:4.2-392.6 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade is consistent with byproduct potential in a porphyry copper system over a significant length, contributing positively to the overall intercept value. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.45 Context: 388.4 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0040 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-36) Briggs · copper #### Identity - Hole ID: 26BRD0040 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.22 - Grade Unit: % - Intercept: 21.35 m - From: 163 m - To: 184.35 m - Hole Depth: 392.6 m - Intercept Depth: 4.2 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0040:163-184.35 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval shows consistent copper grades, which is a positive outcome for the infill drilling program aimed at resource conversion. - Positive factor: Consistent copper grade over a moderate width, supporting resource confidence. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.22 Context: 21.35 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0040 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-37) Briggs · molybdenum #### Identity - Hole ID: 26BRD0040 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 11 - Grade Unit: ppm - Intercept: 21.35 m - From: 163 m - To: 184.35 m - Hole Depth: 392.6 m - Intercept Depth: 4.2 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0040:163-184.35 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 11 Context: 21.35 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0040 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-38) Briggs · silver #### Identity - Hole ID: 26BRD0040 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.62 - Grade Unit: g/t - Intercept: 21.35 m - From: 163 m - To: 184.35 m - Hole Depth: 392.6 m - Intercept Depth: 4.2 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0040:163-184.35 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.62 Context: 21.35 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0040 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-39) Briggs · copper #### Identity - Hole ID: 26BRD0040 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.22 - Grade Unit: % - Intercept: 21.1 m - From: 205.2 m - To: 226.3 m - Hole Depth: 392.6 m - Intercept Depth: 4.2 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0040:205.2-226.3 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval shows consistent copper grades, which is a positive outcome for the infill drilling program aimed at resource conversion. - Positive factor: Consistent copper grade over a moderate width, supporting resource confidence. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.22 Context: 21.1 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0040 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-40) Briggs · molybdenum #### Identity - Hole ID: 26BRD0040 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 5 - Grade Unit: ppm - Intercept: 21.1 m - From: 205.2 m - To: 226.3 m - Hole Depth: 392.6 m - Intercept Depth: 4.2 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0040:205.2-226.3 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade within this sub-interval contributes to the overall economic potential of the intercept, though at a lower concentration. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 5 Context: 21.1 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0040 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-41) Briggs · silver #### Identity - Hole ID: 26BRD0040 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.6 - Grade Unit: g/t - Intercept: 21.1 m - From: 205.2 m - To: 226.3 m - Hole Depth: 392.6 m - Intercept Depth: 4.2 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0040:205.2-226.3 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.6 Context: 21.1 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0041 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-42) Briggs · copper #### Identity - Hole ID: 26BRD0041 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.13 - Grade Unit: % - Intercept: 400.5 m - From: 3.5 m - To: 404 m - Hole Depth: 404 m - Intercept Depth: 3.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0041:3.5-404 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This broad intercept confirms expected copper mineralization, which is a positive outcome for the infill drilling program aimed at resource conversion. - Positive factor: Broad intercept of copper mineralization from near surface, consistent with pre-drilling expectations. - Positive factor: Confirms mineralization within the current MRE block model, supporting resource conversion. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.13 Context: 400.5 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0041 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-43) Briggs · molybdenum #### Identity - Hole ID: 26BRD0041 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 18 - Grade Unit: ppm - Intercept: 400.5 m - From: 3.5 m - To: 404 m - Hole Depth: 404 m - Intercept Depth: 3.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0041:3.5-404 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade is consistent with byproduct potential in a porphyry copper system over a significant length, contributing positively to the overall intercept value. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 18 Context: 400.5 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0041 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-44) Briggs · silver #### Identity - Hole ID: 26BRD0041 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.42 - Grade Unit: g/t - Intercept: 400.5 m - From: 3.5 m - To: 404 m - Hole Depth: 404 m - Intercept Depth: 3.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0041:3.5-404 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade is consistent with byproduct potential in a porphyry copper system over a significant length, contributing positively to the overall intercept value. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.42 Context: 400.5 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0041 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-45) Briggs · copper #### Identity - Hole ID: 26BRD0041 - Project: Briggs - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.17 - Grade Unit: % - Intercept: 139.05 m - From: 5 m - To: 144.05 m - Hole Depth: 404 m - Intercept Depth: 3.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0041:5-144.05 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval shows consistent copper grades over a substantial width, which is a positive outcome for the infill drilling program aimed at resource conversion. - Positive factor: Consistent copper grade over a significant width, supporting resource confidence. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.17 Context: 139.05 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0041 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-46) Briggs · molybdenum #### Identity - Hole ID: 26BRD0041 - Project: Briggs - Commodity: molybdenum - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 29 - Grade Unit: ppm - Intercept: 139.05 m - From: 5 m - To: 144.05 m - Hole Depth: 404 m - Intercept Depth: 3.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0041:5-144.05 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The molybdenum grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Molybdenum is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 29 Context: 139.05 #### Tags used in scoring **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The 2026 drilling program is explicitly designed for high-priority infill drilling to convert Inferred to Indicated Resources. Evidence · text > high-priority infill drilling \(41 holes, approximately 12,500m\) to convert Inferred to Indicated Resources within the first half of a potential mining operation **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ### 26BRD0041 [Link to this fact](https://atlas-staging.minestarters.com/news/alm-annual-report-to-shareholders--c6a858c0-d00a-426f-a8ca-32ace5cf37da#fact-drill-facts-47) Briggs · silver #### Identity - Hole ID: 26BRD0041 - Project: Briggs - Commodity: silver - Region: australia\_qld - Reported Region: australia\_qld - Ticker: ALM #### Geometry - Grade: 0.53 - Grade Unit: g/t - Intercept: 139.05 m - From: 5 m - To: 144.05 m - Hole Depth: 404 m - Intercept Depth: 3.5 m #### Classification - Deposit Type: porphyry - Program: infill - Sample Type: drill - Group ID: 26BRD0041:5-144.05 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % Cu - Dilution Disclosed: Yes - Max Dilution: 4 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The silver grade within this sub-interval contributes to the overall economic potential of the intercept. - Positive factor: Silver is a valuable byproduct in porphyry systems, adding to the overall economic potential. - Negative factor: Apparent width only, true width not stated. Evidence · table > 0.53 Context: 139.05 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Briggs Mineral Resource Estimate The MRE was last updated in April 2025 \(see Table 1 and refer to ASX release dated 10 A" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that 'Downhole intersections may not reflect true widths'. Evidence · text > Downhole intersections may not reflect true widths. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The report mentions compliance with the JORC Code and a Competent Person sign-off. Evidence · text > The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the ‘JORC Code’\) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this report has been presented in accordance with the JORC Code \(2012 edition\) and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code \(2012 edition\). The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on, and fairly represents, information compiled by Dr Frazer Tabeart \(Managing Director of Alma Metals Limited\). Dr Tabeart is a member of the Australian Institute of Geoscientists. Dr Tabeart has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tabeart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The report states the rules for significant intervals, including minimum length and maximum internal dilution. Evidence · text > Significant intervals reported are >10m with a nominal maximum internal dilution of 4m. ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.