Barclay Pearce Capital

May 23, 2023
1 min read

ASX Announcement: Alma Metals (ASX:ALM) - Alma raises $2M for additional drilling at the Briggs Porphyry Copper Deposit, QLD

BPC is pleased to announce that it has completed the Alma Metals on-market placement and has officially received commitments to raise $2,000,000 before costs via a Placement at 1.0c per new share.

Announcement highlights:

Alma expects to publish a revised mineral resource estimate for the Briggs copper deposit in early Q3, 2023 once all assays from the recently completed drilling program have been received.
The Placement amount includes Director participation of $100,000, which is subject to shareholder approval.
The Placement will be used to fund additional drilling at the Briggs copper deposit in Central Queensland, where recent drilling outside the inferred mineral resource intersected thick zones of porphyry-style coppermolybdenum mineralisation.
Alma can earn up to 70% interest in the project.
The majority of the funds raised in the Placement will be committed to additional core drilling at Briggs to commence in early Q3, 2023, to evaluate further extensions to the inferred mineral resource and to evaluate highergrade zones within the resource.

Read the full ASX Announcement.

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Disclaimer

Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.

Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.

Barclay Pearce - The right people with the right solutions make for brilliant results.

Privacy Statement
Financial Services Guide
Research Policy
Complaints Management Policy
Scam Alert

Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.

Barclay Pearce Capital Management Pty Ltd ACN 619 189 847 | AFSL: 503261

Barclay Pearce Capital Investment | ACN: 667 428 480 | CAR: 1303113

Barclay Pearce Capital Asset Management | ACN: 661 805 250 | CAR: 1302665

Barclay Pearce Capital Queensland | ACN: 668 591 740 | CAR: 1304194

Barclay Pearce Capital | ACN: 671 103 254

Barclay Pearce Capital Communications | ACN: 659 740 217

Barclay Pearce Capital Events | ACN: 661 642 726

BPC UK Ltd | CRN: 14822860

© 2024 Barclay Pearce Capital - BPC | All Rights Reserved

Disclaimer:

Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.

Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.