Slide 1: ASX Announcement: September 2024 Quarterly Report – Investor Presentation
ASX ANNOUNCEMENT Wednesday, 23 October 2024 September 2024 Quarterly Report – Investor Presentation 29Metals Limited (‘29Metals’ or, the ‘Company’) released its quarterly report for the September 2024 For personal use only quarter (the ‘Sept-Qtr’) earlier today. Accompanying this release is a copy o
Slide 2: September Quarter 2024
September Quarter 2024 For personal use only Unlocking value to empower the future 23 October 2024
Slide 3: Important information
Important information The information in this presentation is provided for general information regarding 29Metals Limited (the ‘Company ‘) and its subsidiaries (together with the Company, ‘29Metals‘). Material information in this presentation has been derived from information publicly released by th
Slide 4: Unlocking value to empower the future
Unlocking value to empower the future Copper – a critical future facing metal to enable the global transition towards electrification Capricorn Copper Large copper endowments For personal use only (Production Suspended) Group Mineral Resources estimates2: 128Mt, 2.3Mt Contained Copper + 2.3Mt Zinc,
Slide 5: Our 2024 priorities
Our 2024 priorities Ongoing productivity and cost improvement at Golden Grove; progress the imperatives for a future restart of Capricorn Copper For personal use only Health and safety Group Productivity improvements and cost discipline Golden Maximise free cash flow Grove Gossan Valley1 P
Slide 6: Key Points September Quarter 2024
Key Points September Quarter 2024 Safety1 Golden Grove For personal use only Copper Production Zinc Production C1 Costs2 4.4kt 19.1kt US$2.52/lb Cu 10.5 Operating cash flows and free cash flows of $42 million and $26 million, respectively. Group TRIF Tailings Storage Facility (‘TSF’) 4 project o
Slide 7: Golden Grove
For personal use only Grove Golden
Slide 8: Golden Grove Sep-Qtr-2024: Operations Overview
Golden Grove Sep-Qtr-2024: Operations Overview Ore mined contribution by source (%) Sep-Qtr Comments 100% TRIF1 and LTIF1 of 11.6 (Jun-Qtr: 10.3) and 1.6 (Jun-Qtr: 1.6), respectively. 22% 22% For personal use only 23% 25% 32% Xantho Extended development of 692 metres (Jun-Qtr: 930 metres). 18% 3
Slide 9: Golden Grove Sep-Qtr-2024: Costs and Capital Overview
Golden Grove Sep-Qtr-2024: Costs and Capital Overview Site Costs ($ million) Sep-Qtr Comments 91 91 94 86 C1 Costs1 of US$2.52/lb copper sold (Jun-Qtr: US$1.14/lb copper sold). For personal use only 81 AISC2 of US$3.42/lb copper sold (Jun-Qtr: US$2.83/lb copper sold). Treatment and Refining Ch
Slide 10: Tailings Storage Facility on-track for completion Mar-Qtr-2025
Tailings Storage Facility 4 on-track for completion Mar-Qtr-2025 New facility to lower unit production costs and provide long-term tailings solution for Golden Grove For personal use only 90 Days 9
Slide 11: Cost reduction and production efficiency initiatives remain a focus
Cost reduction and production efficiency initiatives remain a focus Technology enabled safety and productivity initiatives, leveraging the underground fibre optic backbone installed in 2023. For personal use only 3D scanning of stopes and drives BlastIQTM 10
Slide 12: Gossan Valley
Gossan Valley A potential near-term development option to grow and derisk production Scuddles Gossan Hill Gossan Valley1 For personal use only Potential additional production front 1992 400m 1994 2023 400m 400m N N N Relatively shallow ore source 31 29 Years Years ? Resource upside potential C
Slide 13: Capricorn Copper
For personal use only Copper Capricorn
Slide 14: Capricorn Copper production restart imperatives
Capricorn Copper production restart imperatives Immediate focus on short term water reduction Imperative Objective Activity in Sept-Qtr-2024 For personal use only Treatment of water in MCD, using the recently commissioned water treatment Immediate term focus infrastructure, commenced during the qu
Slide 15: Reduction of water levels on site remains the immediate term focus
Reduction of water levels on site remains the immediate term focus Treatment of water in MCD commenced during the quarter in preparedness for wet season release. Water level reduction of 0.2 gigalitres during the Sep-Qtr via mechanical and natural evaporation. For personal use only MCD water treatme
Slide 16: Significant environmental compliance and water management investment in 2024
Significant environmental compliance and water management investment in 2024 Reduction of cash outflows at Capricorn Copper are expected into 2025 as environmental compliance and water management capital projects are completed, and operating costs are reduced to reflect lower steady state activity l
Slide 17: Potential value to be unlocked at Capricorn Copper
Potential value to be unlocked at Capricorn Copper Large Mineral Resources1 (64.8Mt at 1.8% Cu), established infrastructure and ~1,900km2 land position in prolific Mt. Isa inlier province. Capricorn Copper Long Section1 Woolly target area For personal use only 0m 250m Local Grid East Base of undergr
Slide 18: Corporate
For personal use only Corporate
Slide 19: Finance and Corporate: Balance sheet and cash flows
Finance and Corporate Balance sheet and cash flows Unaudited group cash and cash equivalents, and available liquidity ($ million)1 Sep-Qtr-2024 Comments For personal use only Includes one-off environmental compliance and water reduction Golden Grove operating cash flows and free cash flows of inve
Slide 20: Unlocking value to empower the future
For personal use only Unlocking value to empower the future 19
Slide 21: Capricorn Copper site water inventory summary
Capricorn Copper1 Appendix Mill Creek Workshop Area Capricorn Copper site water inventory summary Dam (MCD) Site water Inventory 30 September 2024: Ponds 3&4 For personal use only 3.7 Gigalitres (GL) 0.5 3.5 0.1 3.0 0.4 2.5 Maximum Operating Level (MOL)2 Esperanza Pit Approx surface water (EPit) inv
Slide 22: 2023 Group Mineral Resources and Ore Reserves Estimates
Appendix (continued) 2023 Group Mineral Resources and Ore Reserves Estimates 1 Mineral Resources Mineral Resources estimates at the Group level are the aggregation of 31 December 2023 Mineral Resources estimates for Golden Grove, Capricorn Copper and Redhill 2. Mineral Resources estimates have been
Slide 23: 2023 Group Ore Reserves Estimates
Appendix (continued) 2023 Group Mineral Resources and Ore Reserves Estimates 1 Ore Reserves Ore Reserves estimates at the Group level are the aggregation of the 31 December 2023 Ore Reserves estimates for Golden Grove and Capricorn Copper 2. Ore Reserves estimates have been depleted for production t
Slide 24: 2023 Capricorn Copper Mineral Resources
Appendix (continued) 2023 Capricorn Copper Mineral Resources 1 The 31 December 2023 Mineral Resources estimates for Capricorn Copper are set out in the table below and incorporate the results of additional resource conversion, resource extension and grade control drilling completed since the cut-off