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XXIX Metal Publishes Opemiska's Preliminary Economic Assessment Technical Report
Toronto, Ontario--(Newsfile Corp. - December 3, 2025) - XXIX Metal Corp‎. (TSXV: XXIX) (...
About this update from Xxix Metal Corp.
[{"type":"text","content":"XXIX Metal Publishes Opemiska's Preliminary Economic Assessment Technical ReportToronto, Ontario--(Newsfile Corp. - December 3, 2025) - XXIX Metal Corp‎. (TSXV: XXIX) (OTQB: QCCUF) (FSE: 5LW0) (\"XXIX\" or the \"Company\") is pleased to report that it has filed the independent Preliminary Economic Assessment (\"PEA\") technical report for its 100%-owned Opemiska Project in Chapais, Quebec.Highlights Include:Total payable copper across Opemiska 17 year mine life:715 million pounds of copper409 thousand ounces of gold2.08 million ounces of silverRobust after-tax base case economics: C$505M after-tax NPV8% (C$897 after-tax NPV8% using spot pricing) 27.2% after-tax IRR (39.3% after-tax IRR using spot pricing) Rapid payback: 2.3-year Base Case payback of C$617M initial capital resulting from upfront high-grading.Potential High-grade annual recovered payable production across the first six years:59 million pounds of copper per year 34 thousand ounces of gold per year174 thousand ounces of silver per yearLow Cost Producer: Opemiska is in the first quartile of the cost curve with US$1.03/lb C1 cash cost net of by-product credits across the first six years. US$1.40/lb net of by-product credits over the life of mine.Significant leverage to rising copper and gold prices, with $4.40 billion in life of mine revenue70.7% copper27.9% gold 1.4% silverPlenty of Resource upside including Cooke gold zone with active drilling underway.Full PEA Technical Report is available on Sedar+ and XXIX's websiteTechnical Information and Technical Report FilingThe Technical Report, titled \"NI 43-101 Preliminary Economic Assessment (PEA) Technical Report for the Opemiska Copper Project, Chapais, Quebec,\" is dated effective October 17, 2025, with an issue date of December 2, 2025. The independent qualified persons for the PEA, as defined by National Instrument (\"NI\") 43-101, are Renee Barrette, ing., Principal Metallurgist for Ausenco Engineering Canada ULC for metallurgy and process plant design. Pierre-Luc Richard, P. Geo for PLR Resources Inc.Jean-François St-Laurent, ing. PEng (ON), M.Sc, Principal Consultant for SRK Consulting (Canada) inc. for the Tailings Management Facility. Charles Veilleux, ing, Senior Consultant for SRK Consulting (Canada) inc. for the Hydrology, Site Wide Water balancing and mine site surface water management faciliti...