Slide 1: June Quarter 2024
June Quarter 2024 Unlocking value to empower the future 24 July 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 Suspended1) Large copper endowments Group Mineral Resources estimates2: 128Mt, 2.3Mt Contained Copper + 2.3Mt Zinc, 1.3Moz Gold, 76Moz Si
Slide 4: Our 2024 priorities
Our 2024 priorities Ongoing productivity and cost improvement at Golden Grove; progress the imperatives for a future restart of Capricorn Copper ▪ Health and safety Group ▪ Productivity improvements and cost discipline Golden ▪ Maximise free cash flow Grove ▪ Gossan Valley1 ▪ Progress the imperative
Slide 5: Key Points - June Quarter 2024
Key Points June Quarter 2024 Safety1 Golden Grove Copper Production Zinc Production C1 Costs2 6.4kt 15.3kt US$1.14/lb Cu 9.2 Group TRIF Capricorn Copper ▪ Copper production of 0.7kt (Mar-Qtr: 1.3kt), prior to suspension of operations3. ▪ Unwind of working capital completed in-line with the reduction
Slide 6: Golden Grove
Golden Grove
Slide 7: Golden Grove Jun-Qtr-2024: Operations Overview
Golden Grove Jun-Qtr-2024: Operations Overview Xantho Extended: Development Metres (m) Jun-Qtr Comments ▪ TRIF1 and LTIF1 of 10.3 (Mar-Qtr: 7.2) and 1.6 (Mar-Qtr: 1.7), respectively. 930 853 ▪ Record Xantho Extended development of 930 metres (Mar-Qtr: 853 metres). 726 676 570 ▪ Ore mined 352kt (Mar-
Slide 8: Golden Grove Jun-Qtr-2024: Costs and Capital Overview
Golden Grove Jun-Qtr-2024: Costs and Capital Overview Site Costs ($m) Jun-Qtr Comments ▪ C1 Costs1 of US$1.14/lb copper sold (Mar-Qtr: US$4.05/lb copper sold). 91 91 86 78 81 ▪ AISC2 of US$2.83/lb copper sold (Mar-Qtr: US$4.81/lb copper sold). ▪ Higher by-product credits and stockpile movements the
Slide 9: Capricorn Copper
Metals| Capricorn Copper
Slide 10: Capricorn Copper production restart imperatives
Capricorn Copper production restart imperatives Immediate focus on short term water reduction Imperative Objective Short-term water Sustainable reduction of water 2024/2025 wet season preparedness an immediate priority reduction levels on site Infrastructure to enable a Long-term water sustainable l
Slide 11: Progressing the site towards a sustainable water balance footing
Progressing the site towards a sustainable water balance footing Significant investment since the March 2023 extreme weather event1 ✓ Water diversion infrastructure enhanced ✓ Additional mechanical evaporators ✓ Water treatment & release infrastructure 1. Refer to: “Impact of Extreme Rainfall on Cap
Slide 12: Bulk releases of treated water critical to manage high rainfall wet seasons
Bulk releases of treated water critical to manage high rainfall wet seasons Actions to enable efficient, reliable and responsible bulk release of treated water Bulk treated water release optimisations ahead of 2024/2025 wet season Mill Creek Dam treatment and release infrastructure (commissioned May
Slide 13: Capricorn Copper site water inventory
Capricorn Copper1 Site water inventory Mill Creek Workshop Area Significant reductions required to rebase site water levels Dam (MCD) Site water Inventory 30 June 2024: Ponds 3&4 Gigalitres (GL) 0.5 3.7 0.1 3.2 0.5 2.6 Maximum Operating Level (MOL)2 Esperanza Pit Approx surface water (EPit) inventor
Slide 14: Water reduction strategy
Capricorn Copper1 Water reduction strategy Mill Creek Workshop Area Gunpowder Dam Plans in progress to pre-treat water in the MCD in readiness for Creek (MCD) Process release of treated water during the wet season Plant Ponds Simplified site water reduction process flow: 3&4 Bulk treated water relea
Slide 15: Tailings options review
Capricorn Copper1 Tailings Magazine Creek Options review in progress to ensure optimal path forward ▪ Potential long-term tailings solutions (>10 years capacity) under review. Esperanza Options Approvals TSF (ETSF) under Cost Comment review Timing Prioritised prior to suspension of production TSF3 S
Slide 16: 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 ▪ New mineralized zone (named, Woolly) and potential for ext
Slide 17: Corporate
Corporate
Slide 18: Finance and Corporate
Finance and Corporate Production and costs Unaudited group cash and cash equivalents, and available liquidity ($ million)1 Jun-Qtr-2023 Comments ▪ Corporate cost guidance range for 2024 reduced to $28 million to $31 million (previously $32 million to $36 million), reflecting cost reduction 130 focus
Slide 19: Unlocking value to empower the future
Unlocking value to empower the future 19