Research on Allied Minds Plc (ALM) from RaaS Research Group
Alma Metals Limited (ASX:ALM) is a junior resource company that is progressing its flagship Briggs Copper Project (Briggs). Briggs is a copper porphyry deposit located in Queensland that hosts 2.0mt of contained copper alongside molybdenum and silver credits. ALM is the majority owner (51% earning to 70%) and operator of the project which is managed under a joint venture. Following a positive Scoping Study, ALM is currently progressing the project through a Pre-Feasibility Study (PFS), which is expected to specifically detail the economics of the project. Post a capital raising of $4.0m in May 2026, ALM has $3.6m in cash in addition to liquid investments of $3.2m as of 30 June 2026, thus we think ALM has sufficient funding to continue to progress Briggs.
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