Alma Metals (ASX:ALM) is conducting a share purchase plan (SPP) where shareholders can apply for up to $30,000 worth of shares, issued at $0.006 each. This represents a 15% discount to the 20-day volume weighted average price.
The SPP is expected to open on 28 November 2025, before closing 17 December 2025.
Earlier this month, Alma received partial assays from a hole drilled to a depth of 809.9m at the Briggs Project in Queensland.
Assays include 222.2m @ 0.26% copper, 48 parts per million (ppm) molybdenum, 0.72 grams per tonne silver from 9m, including 54m @ 0.31% copper, 54ppm molybdenum, and 0.83g/t silver from 62m, as reported by Mining.com.au.
Alma will use the results to form an upcoming Prefeasibility Study for Briggs, following on from a recent Scoping Study that assessed the technical and economic viability of large-scale open pit mining.
Alma Metals is an Australian copper explorer focused on advancing its Briggs Project in Queensland and the East Kimberley Project in Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Alma Metals
