29metals Limited · ASX:29M
29metals — Investor Presentation (July 2026)
28 slides from 29metals's investor presentation, Jul 15, 2026
Slide 1: June Quarter 2026
June Quarter 2026 Unlocking value to empower the future 15 July 2026
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: 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 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 2025 Production (Golden Grove) 2026 Guidance (Golden Grove)2 ▪ 22kt Copper @ AISC US$3.55/lb Cu
Slide 5: Key Points
Key Points Jun-Qtr-2026 Safety1 Golden Grove Copper Production Zinc Production C1 Costs2 4.8kt 3.1kt US$4.64/lb Cu 8.0 ▪ ▪ Works progressing to plan for recommencement of mining at Xantho Extended in the Dec-Qtr-2026. Gossan Valley project remains on track for first ore by end 2026. ▪ Drilling conti
Slide 6: Golden Grove
Golden Grove
Slide 7: High-grade copper mine with valuable zinc, gold & silver by-products
High-grade copper mine with valuable zinc, gold & silver by-products 30+ year track record of exploration success and mine life extensions – existing mining fronts remain open at depth Gossan Valley 63Mt in Mineral Resources estimates1 Development in progress - First ore by end 2026 Gossan Hill Scud
Slide 8: Golden Grove: Jun-Qtr-2026 Operations Overview
Golden Grove Jun-Qtr-2026: Operations Overview Ore mined contribution by source (%) Comments 100% ▪ TRIF1 and LTIF1 of 8.8 (Mar-Qtr: 9.8) and 0.0 (Mar-Qtr: 0.0), respectively. 18% ▪ Ore mined 299kt (Mar-Qtr: 290kt). 26% 29% 32% 38% ▪ Ore milled 363kt (Mar-Qtr: 305kt). 32% ▪ Ore milled was predominat
Slide 9: Golden Grove: Jun-Qtr-2026 Costs and Capital Overview
Golden Grove Jun-Qtr-2026: Costs and Capital Overview Site Costs ($ million) Comments ▪ Ongoing containment of Site Costs (Jun-Qtr: $96 million vs Mar-Qtr: $97 million), despite ongoing inflationary pressures across the industry, reflects continued focus on cost reductions and productivity improveme
Slide 10: Gossan Valley remains on track for first ore by end of 2026
Gossan Valley remains on track for first ore by end of 2026 Gossan Valley to provide production flexibility from an independent and relatively shallow high-grade mining front Gossan Valley box cut aerial view Gossan Valley box cut and decline development - looking north-east 31-Mar-26 30-Jun-26 ~90
Slide 11: 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 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: 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 ✓ ▪ Reduction in capital expenditures expected from 2027. ▪ Harvest of the operational and financial benefits of investm
Slide 14: Capricorn Copper
Capricorn Copper
Slide 15: 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 16: 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 Capricorn Copper Capricorn Copper Capricorn Copper 30
Slide 17: 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 18: 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 19: Corporate
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Slide 20: Finance and Corporate
Finance and Corporate Balance sheet and cash flows Unaudited group cash and cash equivalents, and available liquidity ($ million)1 Comments1 ▪ Unaudited Group liquidity at 30 June 2026 was $202 million (31 March 2026: $238 million). 25 32 ▪ Unaudited cash and cash equivalents at 30 June 9 5 9 2026 w
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 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 22: Unlocking value to empower the future
Unlocking value to empower the future 22
Slide 23: Appendix
Appendix
Slide 24: Appendix: Group Mineral Resources and Ore Reserve Estimates
Appendix: 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 G
Slide 25: Appendix: Golden Grove Mineral Resources and Ore Reserve Estimates
Appendix: 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 t
Slide 26: Appendix: Capricorn Copper Mineral Resources and Ore Reserve Estimates
Appendix: 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 esti
Slide 27: Appendix: Redhill Mineral Resources Estimates
Appendix: 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 Ma
Slide 28: Unlocking value to empower the future
Unlocking value to empower the future 28