29metals Limited · ASX:29M
29metals — Noosa Mining Conference 2026
27 slides from 29metals's conference presentation, Jul 23, 2026
Slide 1: ASX Announcement: Investor Presentation - Noosa Mining Conference
ASX ANNOUNCEMENT Thursday, 23 July 2026 Investor Presentation - Noosa Mining Conference 29Metals Limited (‘29Metals’ or, the ‘Company’) Chief Executive Officer, James Palmer, will be presenting at the Noosa Mining Conference later today. For personal use only A copy of 29Metals’ investor presentatio
Slide 2: Noosa Mining Conference 22-24 July 2026
Noosa Mining Conference 22-24 July 2026 For personal use only
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: 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 – 2.3Mt contained copper in Mineral Resource estimates1 Production Snapshot For personal use only 2025 Production (Golden Grove) 2026 Guidance (Golden Grove)2 ▪ 22kt Coppe
Slide 5: 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 For personal use only (Operating) (Br
Slide 6: 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 For personal use only 6.0 2.0 5.0 1.5 4.0 3.0 1.0 2.0 0.5 1.0 0.0 0.0 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jul
Slide 7: Golden Grove
For personal use only Golden Grove
Slide 8: 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 63Mt in Mineral Resources estimates1 For personal use only Gossan Valley Development in progress - First ore by end
Slide 9: Significant investment to optimise Golden Grove
Significant investment to optimise Golden Grove Investments to establish long-term infrastructure and to enable mining of high-grade ore sources from end 2026 2022 - 2023 2024 2025 - 2026 ✓ Gossan Hill ventilation & surface infrastructure upgrades ✓ Long term tailings storage facility (‘TSF’) Gossan
Slide 10: 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. +25% For personal use only Ore Mined (kt)1,2 ~1,350kt ~1,700kt Weighted Average Ore Reserve3 Grade (Cu-eq)4 2.6%
Slide 11: 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 For personal use only Golden Grove Golden Grove Actual Copper Price (March 2026)2: US$6.1/lb +345% Actual - 11% 178 4.12 3.70 3.66 101 40 0
Slide 12: High-grade Resource Extension intercepts highlight Golden Grove growth potential
High-grade Resource Extension intercepts highlight Golden Grove growth potential Drilling continues to demonstrate potential mine-life extensions at Gossan Hill and highlight Cervantes as an attractive future growth option Golden Grove Long Section1 Gossan Hill Scuddles Highlights: Tryall Resource E
Slide 13: 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 For personal use only Legend: : >0.4% Cu wireframe1 : >2.0% Zn wireframe1 : Organic growth target areas 400m 400m 1992 400m
Slide 14: A bright future at Golden Grove
A bright future at Golden Grove Progressive ramp-up of mining from fresh ore sources to support metal production growth Investment phase to enable mining of high-grade ore sources ✓ For personal use only ▪ Reduction in capital expenditures expected from 2027. ▪ Harvest of the operational and financi
Slide 15: Capricorn Copper
For personal use only Capricorn Copper
Slide 16: 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 For personal use on
Slide 17: 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 $66 million of EBITDA in last full year of operation Copper Production (kt) AISC (US$/lb)2 EBITDA ($ million)2 For personal use only Capricorn Copper Capricorn Coppe
Slide 18: Water levels no longer an impediment to a restart of production
Water levels no longer an impediment to a restart of production Approval for a long-term Tailings Storage Facility (‘TSF’) 3 is now the critical path imperative for a restart of production. ▪ Progress Water inventory reductions: For personal use only ✓ Water inventory reductions ▪ Site water levels
Slide 19: Tailings Storage Facility approval is the critical path item for a restart decision
Tailings Storage Facility (‘TSF’) approval is the critical path item for a restart decision Request for Information (‘RFI’) from the Regulator in relation to TSF 3 application was received Dec-Qtr-2025, in line with normal process, with a response planned for submission in Sep-Qtr-2026. 2024 2025 20
Slide 20: 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 ✓ Large land position in prolific Mt. Isa Inlier in For personal use only Capricorn Copper Long Section1 Queensland, Australia ~2 km Large copper metal endowment Esperanza
Slide 21: Why Invest In 29Metals
Why Invest In 29Metals Copper – a critical future facing metal to enable the global transition towards electrification Large copper endowments For personal use only 2.3Mt Contained Copper + 2.2Mt Zinc, 1.2Moz Gold, 73Moz Silver in Group Mineral Resources estimates2 Long life assets Resources to supp
Slide 22: Appendices
For personal use only Appendices
Slide 23: 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 24: 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 25: 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 26: 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 27: Unlocking value to empower the future
For personal use only Unlocking value to empower the future 26