29metals Limited · ASX:29M
29metals — Investor Presentation (March 2026)
28 slides from 29metals's investor presentation, Mar 17, 2026
Slide 1: ASX Announcement: Corporate Presentation March 2026
ASX ANNOUNCEMENT Tuesday, 17 March 2026 Corporate Presentation March 2026 29Metals Limited (‘29Metals’ or, the ‘Company’) today release a Corporate Presentation to support the Company’s general investor relations engagement activities. A copy of the Corporate Presentation accompanies this release. -
Slide 2: Corporate Presentation 17 March 2026
Corporate Presentation 17 March 2026
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: Why Invest In 29Metals
Why Invest In 29Metals Copper – a critical future facing metal to enable the global transition towards electrification Large copper endowments 2.3Mt Contained Copper + 2.2Mt Zinc, 1.2Moz Gold, 73Moz Silver in Group Mineral Resources estimates2 Long life assets Resources to support 10+ year mine live
Slide 5: 29Metals - Copper exposure for ASX investors
29Metals - Copper exposure for ASX investors Uniquely positioned with two large copper metal endowments in a tier 1 jurisdiction - 2Mt contained copper in Mineral Resource estimates1 Production Snapshot 2025 Production (Golden Grove) 2026 Guidance (Golden Grove)2 ▪ 22kt Copper @ AISC US$3.55/lb Cu s
Slide 6: A platform to grow copper production
A platform to grow copper production Pathway to substantially grow copper production from two Australian based assets – both with Mineral Resource estimates1 to support 10+ year mine lives and significant geological upside potential Golden Grove Capricorn Copper (Operating) (Brownfield restart proje
Slide 7: Copper focused – multi commodity exposure
Copper focused – multi commodity exposure 10-year price history for base and precious metals produced by 29Metals Copper Price1 (US$/lb) Zinc Price1 (US$/lb) 7.0 59% Revenue2 2.5 20% Revenue2 6.0 2.0 5.0 1.5 4.0 3.0 1.0 2.0 0.5 1.0 0.0 0.0 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-
Slide 8: Golden Grove
Golden Grove
Slide 9: High-grade copper mine with valuable zinc, gold & silver by-products
High-grade copper mine with valuable zinc, gold & silver by-products 30+ year track record of exploration success and mine life extensions – existing mining fronts remain open at depth Gossan Valley 63Mt in Mineral Resources estimates1 Development in progress - First ore by end 2026 Gossan Hill Scud
Slide 10: Investment period to optimise Golden Grove for the future is nearing completion
Investment period to optimise Golden Grove for the future is nearing completion Investments to establish long-term infrastructure and to enable mining of high-grade ore sources substantially complete by end 2026 2022 - 2023 2024 2025 - 2026 ✓ Gossan Hill ventilation & surface infrastructure upgrades
Slide 11: Optimisation of Golden Grove mine plan from end 2026
Optimisation of Golden Grove mine plan from end 2026 Progressive ramp-up of from fresh ore sources to support metal production growth and provide additional mine plan flexibility. approx. Ore Mined (kt)1,2 ~1,320kt +30% ~1,700kt Weighted Average Ore Reserve3 Grade (Cu-eq)4 3.0% +10% 3.3% Gossan Hill
Slide 12: Ongoing improvement in financial outcomes
Ongoing improvement in financial outcomes Optimised mine plan expected to further support Golden Grove financial performance EBITDA ($ million)1 AISC (US$/lb)1 Golden Grove Golden Grove Actual Copper Price (March 2026)2: US$5.91/lb +345% Actual - 11% 178 4.12 3.70 3.66 101 40 0 0 2023 2024 2025 2023
Slide 13: High-grade copper intercepts during 2025 highlight Golden Grove growth potential
High-grade copper intercepts during 2025 highlight Golden Grove growth potential 2025 drilling demonstrated potential mine-life extensions at Gossan Hill and has highlighted Cervantes as an attractive future growth option Golden Grove Long Section1 Gossan Hill Scuddles Tryall Resource Extension dril
Slide 14: Gossan Valley Mineral Resource Estimates remain open at depth
Gossan Valley Mineral Resource Estimates1 remain open at depth Potential to build on the long history of mine life extensions at Golden Grove Gossan Valley Gossan Hill Scuddles Legend: : >0.4% Cu wireframe1 : >2.0% Zn wireframe1 : Organic growth target areas 400m 400m 1992 400m 2025 N 1994 N N 31 33
Slide 15: A bright future at Golden Grove
A bright future at Golden Grove Progressive ramp-up of fresh ore sources to support metal production growth Investment phase nearing completion ✓ ▪ Reduction in capital expenditures expected post 2026. ▪ Harvest of the operational and financial benefits of investment phase planned from 2027. Optimis
Slide 16: Capricorn Copper
Capricorn Copper
Slide 17: Potential value to be unlocked at Capricorn Copper
Potential value to be unlocked at Capricorn Copper Low capital intensity brownfields restart project with significant Mineral Resources1, established infrastructure and large land position in prolific Mt. Isa Inlier province Substantial high-grade contained copper metal endowment Mineral Resources:
Slide 18: A profitable operation prior to impact of 2023 extreme weather event
A profitable operation prior to impact of 2023 extreme weather event1 24kt of copper production at AISC of US$3.71/lb copper sold, for $66 million of EBITDA in last full year of operation EBITDA ($ million)2 AISC (US$/lb)2 Capricorn Copper Capricorn Copper $110 million $66 million 80 Copper Price (M
Slide 19: Imperatives for restart of operations
Imperatives for restart of operations Progressing a Definitive Feasibility Study in 2026 to accelerate restart of operations upon approval for a long-term Tailings Storage Facility (‘TSF’) Water inventory reductions: ▪ Progress to date ✓ 1.8 Gigalitres of water inventory reduction #1 Water inventory
Slide 20: Progressing Capricorn Copper towards a restart of operations
Progressing Capricorn Copper towards a restart of operations Tailings Storage Facility (‘TSF’) approval is the critical path item for a restart decision. 2024 2025 2026 Yr 0 Yr 1 Yr 2 Suspension of operations1 TSF Options Study TSF 3 Application Submission of TSF Application Approval Timing Uncertai
Slide 21: A bright future at Capricorn Copper
A bright future at Capricorn Copper Substantial high-grade copper Mineral Resources1 with pathway to production Tier 1 location Capricorn Copper Long Section1 ~2 km ✓ Large land position in prolific Mt. Isa Inlier in Queensland, Australia Large copper metal endowment Esperanza South Esperanza South
Slide 22: Why Invest In 29Metals
Why Invest In 29Metals Copper – a critical future facing metal to enable the global transition towards electrification Large copper endowments 2.3Mt Contained Copper + 2.2Mt Zinc, 1.2Moz Gold, 73Moz Silver in Group Mineral Resources estimates2 Long life assets Resources to support 10+ year mine live
Slide 23: Appendices
Appendices
Slide 24: Appendix A: Group Mineral Resources and Ore Reserve Estimates
Appendix A: Group Mineral Resources and Ore Reserve Estimates Mineral Resources estimates at the Group level are the aggregation of 31 December 2025 Mineral Resources Ore Reserves estimates at the Group level are the aggregation of the 31 December 2025 Ore Reserves estimates for estimates for Golden
Slide 25: Appendix A: Golden Grove Mineral Resources and Ore Reserve Estimates
Appendix A: Golden Grove Mineral Resources and Ore Reserve Estimates The 31 December 2025 Mineral Resources estimates for Golden Grove are set out in the table below and incorporate the results of resource conversion, resource extension and grade control drilling completed since the cut-off-date for
Slide 26: Appendix A: Capricorn Copper Mineral Resources and Ore Reserve Estimates
Appendix A: Capricorn Copper Mineral Resources and Ore Reserve Estimates 29Metals suspended production at Capricorn Copper on 26 March 2024 and production continues to be suspended. See 29Metals announcement, “Capricorn Copper – Suspension of Operations” dated 26 March 2024. The Mineral Resources es
Slide 27: Appendix A: Redhill Mineral Resources Estimates
Appendix A: Redhill Mineral Resources Estimates The Mineral Resources estimates for Redhill are set out in the table below. These Mineral Resources estimates were first reported and effective on 16 May 2016. There have been no material changes to the Mineral Resources estimated for Redhill since 16
Slide 28: Unlocking value to empower the future
Unlocking value to empower the future 27