Australia's Alma Metals rises on soil sampling results at Queensland project

Alma Metals

12/05/2022 06:16

** Shares of mineral explorer Alma Metals  ALM.AX  rise as
much as 8.7% to A$0.025, set for best day since March 31
    ** Co says https://www.asx.com.au/asxpdf/20220512/pdf/458xx6ch4744vb.pdf
 soil sampled at the Briggs, Mannersley and Fig Tree Hill copper
project in Queensland define extensive copper and molybdenum
anomalism
    ** Says soil sampling results highlight several targets for
drilling to expand the mineral resource estimate
    ** ALM expects a major drilling campaign to commence in
late-Q2
    ** Stock down ~23.3% so far this year, as of last close

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))