29metals Limited · ASX:29M
29metals — Macquarie Western Australia Forum 2023
21 slides from 29metals's conference presentation, Nov 30, 2023
Slide 1: Macquarie Western Australia Forum 2023 Presentation
ASX ANNOUNCEMENT Thursday, 30 November 2023 Macquarie Western Australia Forum 2023 Presentation 29Metals Limited (‘29Metals’ or, the ‘Company’) Managing Director & CEO, Peter Albert, will be presenting at the Macquarie Western Australia Forum in Perth later today. Accompanying this release is a copy
Slide 2: Macquarie Western Australia Forum
Macquarie Western Australia Forum Peter Albert Managing Director & CEO 30 November 2023
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: Investing for the Future
Investing for the Future Contained metal in Mineral Resources estimates of: Large metal – 2.24Mt copper, 2.47Mt zinc, 1.32Moz gold, 78Moz silver, endowment 153kt lead and 22kt cobalt1,2 Orebodies remain open – highly responsive to step out drilling Capricorn Copper: Australia’s best copper pro
Slide 5: Golden Grove
29 Metals 1 Golden Grove
Slide 6: Golden Grove
Golden Grove NT Reinvesting for the next 30 years1 QLD WA Golden SA Grove NSW Mining friendly Australia’s resources powerhouse VIC TAS and skills High-quality, established infrastructure advantaged WA Skilled mining workforce 1.03Mt copper, 2.47Mt zinc, 1.28Moz gold, 56Moz silver, 153kt lead
Slide 7: Xantho Extended Growth
Xantho Extended Growth1 Xantho Extended is the highest-grade ore source at Golden Grove with operational de-risking initiatives to support higher near-term metal production Completed Xantho Extended De-risking Projects Installed Booster Fans First production from Xantho Extended orebody Paste pl
Slide 8: Future Exploration Opportunities
Future Exploration Opportunities Golden Grove VHMS system controls well understood after decades of drilling Good spatial definition of feeder zones and favourable stratigraphic units allows high probability targeting Priority target areas for repeat mineralisation: Gossan Hill Long-section1 Scuddle
Slide 9: Gossan Valley
Gossan Valley1,2 Gossan Valley expected to grow and de-risk production by providing an additional independent, and relatively shallow production front at Golden Grove Overview2,3,4 Long Section of Gossan Valley3 2021 Mineral Resources estimates of 6.3Mt @ 1.1% Cu, 6.3% Zn, 0.5g/t Au, 18g/t Ag In
Slide 10: The Golden Years
The Golden Years Reinvesting for the next 30 years1 Investing for growth – Ventilation upgrades Building the – Cooling upgrades infrastructure – Power upgrades – Paste plant wet feed – Life of mine tailings Increasing ore source flexibility and growth Accessing – Xantho Extended the ore – Gossan
Slide 11: Capricorn Copper
2 Capricorn Copper High-efficiency Mechanical Evaporators at Capricorn Copper
Slide 12: Capricorn Copper
Capricorn Copper NT QLD Australia’s best base metals province Capricorn WA Copper SA NSW VIC 1.14Mt copper, 17.2Moz silver, 22kt cobalt contained in Mineral TAS Large metal Resources estimates1,2 endowment Extensive tenements largely unexposed to modern exploration Orebodies open – highly resp
Slide 13: Tailings and Site Water
Tailings and Site Water 29Metals is pursuing multiple levers to maintain tailings capacity to a planned life of mine Tailings Storage Facility (“TSF 3”)1 Tailings Strategy2 Tailings Timeline and Overview2,3 29Metals currently has ~6 months of remaining capacity in the existing Esperanza Tailings S
Slide 14: Capricorn Copper Restart Status
Capricorn Copper Restart Status ESS Remediation ESS Ground Support Rehabilitation ESS sublevel cave mining resumption is Phase 2 of Capricorn Copper Recovery Plan Critical path is dewatering timeframe with ground support renewal being conducted in parallel with dewatering progress Underground
Slide 15: Esperanza South Long-Section
Esperanza South Long-Section1 Even better at depth 31-Dec-22 Mineral Resources and Ore Reserves estimates for Esperanza South:2 – Mineral Resources 18.8Mt at 2.0% Cu – Ore Reserves 10.8Mt at 1.6% Cu Recent drilling results:3 – 70.0m @ 2.8% Cu, 26g/t Ag, 1083ppm Co (SDESS22_003_W3A) – 48.1m @ 2.7
Slide 16: Mammoth & Greenstone Long-Section
Mammoth & Greenstone Long-Section1 Mammoth NE – potential future ore source Historically untested area now a sizeable exploration opportunity Broad intersections of high-grade copper:2 – 34.8m @ 1.7% Cu, 7g/t Ag, 131ppm Co within 103.0m @1.2% Cu, 4g/t Ag and 67ppm Co (UDMAM22_104) – 36.0m @ 3.9%
Slide 17: Capricorn Copper
Capricorn Copper Australia’s best base metals province A large land package in the Mount Isa region ~1,900km2 of the – Highly prospective, but underexplored Mount Isa Inlier – Multiple drill ready targets – Prescribed project status Unlocking of green energy supply CopperString 2.0 – CopperStrin
Slide 18: 2023 De-risking Milestones Achieved
2023 De-risking Milestones Achieved AutoMine® Gossan Valley Project Power upgrade Booster fan upgrade Golden Grove implementation Manager appointed Mammoth & GST Interim water Evaporator upgrade Prescribed Project Mining restart Capricorn Copper treatment solution Mill restart Water reduction declar
Slide 19: 29Metals Key Milestones
29Metals Key Milestones1 Continued progress against the Capricorn Copper Recovery Plan. De-risking initiatives at Golden Grove expected to support higher near-term metal production Milestones: Planned Esperanza South Mineral Resources and Ore Reserves estimate update3 TSF 3 planned to be in operatio
Slide 20: Investing for the Future
Investing for the Future Australian Golden Grove – Western Australia mines Capricorn Copper – Queensland Large metal 31-Dec-22 Mineral Resource exposure of: endowment – 4.9 billion lbs Copper, 5.5 billion lbs Zinc, 1.3 million oz Gold, 49.4 million lbs Cobalt1,2 Resource 128Mt 2022 Mineral R
Slide 21: Unlocking value to empower the future
Unlocking value to empower the future 20