29metals Limited · ASX:29M
29metals — Diggers & Dealers Mining Forum 2024
21 slides from 29metals's conference presentation, Aug 7, 2024
Slide 1: Diggers & Dealers Mining Forum 2024
Diggers & Dealers Mining Forum 2024 Unlocking value to empower the future 7 August 2024
Slide 2: 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 3: 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 (Production Suspended) Large copper endowments Group Mineral Resources estimates2: 128Mt, 2.3Mt Contained Copper + 2.3Mt Zinc, 1.3Moz Gold, 76Moz Sil
Slide 4: Key assets snapshot
Key assets snapshot Two large copper metal endowments in a tier 1 jurisdiction Golden Grove Capricorn Copper Mineral Resources1: Location: Western Australia Location: Queensland Mineral Resources1: 59.2Mt @ 1.7% Cu, 3.9% Zn, 64.8Mt @ 1.8% Cu, 0.7g/t Au, Ownership: 100% 9g/t Ag, Ownership: 100% 28g/t
Slide 5: Sustainability & ESG
Sustainability & ESG Building trust and credibility with all stakeholders Responsible environmental Safe and inclusive workplace Partnering with Stakeholders stewardship Group Critical Risk Management framework Priority to reduce water inventory at Capricorn Community Consultative Committees a
Slide 6: Golden Grove
Golden Grove
Slide 7: Golden Grove
Golden Grove Long life, high-grade copper, zinc and precious metals mining operation in tier 1 location World-class, long-life VMS System Production growth levers Exploration upside 30+ year history, first commercial production 1990 1 Xantho Extended ramping-up In-mine growth targets Mi
Slide 8: Xantho Extended an immediate term value driver
Xantho Extended an immediate term value driver Xantho Extended is Golden Grove’s highest value ore source. Gossan Valley and Cervantes potential future growth options Golden Grove Ore Reserves1: 5.0% Xantho Extended ramping-up Grade - %Cu-eq2 Xantho Extended and Europa 4.5% Potential future growth o
Slide 9: Xantho Extended ramping-up
Xantho Extended ramping-up Enabled by significant investment in debottlenecking and efficiency projects Xantho Extended development metres (m) Xantho Extended debottlenecking and efficiency projects Ventilation circuit Booster fan Underground extension commissioning fuel bay 930 853 726 676
Slide 10: Gossan Valley
Gossan Valley A potential near-term development option to grow and derisk production Scuddles Gossan Hill Gossan Valley1 Potential additional production front 1992 400m 1994 2023 400m 400m N N N Relatively shallow ore source 31 29 Years Years ? Resource upside potential Cervantes Xantho Extend
Slide 11: Exploration upside target areas
Exploration upside target areas Golden Grove VMS system controls well understood after decades of drilling Long Section: Gossan Hill and Scuddles1 Gossan Hill Scuddles Repeat mineralization across interpreted feeder zones Interpreted Feeders Untested sides of interpreted feeder zones targeted for ex
Slide 12: Capricorn Copper
Metals Capricorn Copper
Slide 13: Progressing Capricorn Copper towards a sustainable water balance footing
Progressing Capricorn Copper towards a sustainable water balance footing Significant investment since the March 2023 extreme weather event1 - reduction of water levels on site an immediate term focus Water diversion infrastructure enhanced Additional mechanical evaporators Water treatment & re
Slide 14: Established infrastructure
Established infrastructure Surface and underground infrastructure to support a future restart, progressing long term tailings solution Surface infrastructure Underground development 14
Slide 15: Large copper metal endowment with upside potential
Large copper metal endowment with upside potential Mineral Resources estimates1 of 64.8Mt at 1.8% Cu - recent high-grade copper intercepts2 outside of existing Mineral Resources estimates1 Capricorn Copper Long Section1 Esperanza South Esperanza Mammoth Greenstone Legend: : Extent of Drilling : Mini
Slide 16: Resource extension and potential exploration upside
Resource extension and potential exploration upside Long history of successful step-out drilling at Capricorn Copper to grow the Mineral Resources estimates1 Esperanza South Resource extension drilling Mammoth Resource extension and exploration drilling 0m 250m 0m 250m Local Grid East Base of underg
Slide 17: 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 (Production Suspended) Large copper endowments Group Mineral Resources estimates2: 128Mt, 2.3Mt Contained Copper + 2.3Mt Zinc, 1.3Moz Gold, 76Moz Sil
Slide 18: Unlocking value to empower the future
Unlocking value to empower the future 18
Slide 19: Appendix: 2023 Group Mineral Estimates
Appendix 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 depleted for
Slide 20: Appendix (continued): Ore Reserves
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 21: Appendix (continued): 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