Slide 1: Noosa Mining Conference
Noosa Mining Conference 22-24 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: 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$3.55/lb Cu
Slide 4: A platform to grow copper production
A platform to grow copper production Pathway to substantially grow copper production from two Australian based assets – both with Mineral Resource estimates1 to support 10+ year mine lives and significant geological upside potential Golden Grove Capricorn Copper (Operating) (Brownfield restart proje
Slide 5: Copper focused – multi commodity exposure
Copper focused – multi commodity exposure 10-year price history for base and precious metals produced by 29Metals Copper Price1 (US$/lb) Zinc Price1 (US$/lb) 7.0 59% Revenue2 2.5 20% Revenue2 6.0 2.0 5.0 1.5 4.0 3.0 1.0 2.0 0.5 1.0 0.0 0.0 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jul-21 Jul-22 Jul-23 Jul-
Slide 6: Golden Grove
Golden Grove
Slide 7: High-grade copper mine with valuable zinc, gold & silver by-products
High-grade copper mine with valuable zinc, gold & silver by-products 30+ year track record of exploration success and mine life extensions – existing mining fronts remain open at depth Gossan Valley 63Mt in Mineral Resources estimates1 Development in progress - First ore by end 2026 Gossan Hill Scud
Slide 8: Significant investment to optimise Golden Grove
Significant investment to optimise Golden Grove Investments to establish long-term infrastructure and to enable mining of high-grade ore sources from end 2026 2022 - 2023 2024 2025 - 2026 ✓ Gossan Hill ventilation & surface infrastructure upgrades Booster fans Bulk air coolers ✓ Long term tailings s
Slide 9: Optimisation of Golden Grove mine plan from end 2026
Optimisation of Golden Grove mine plan from end 2026 Progressive ramp-up of from fresh ore sources to support metal production growth and provide additional mine plan flexibility. approx. Ore Mined (kt)1,2 ~1,350kt +25% ~1,700kt Weighted Average Ore Reserve3 Grade (Cu-eq)4 2.6% +25% 3.3% Gossan Vall
Slide 10: Ongoing improvement in financial outcomes
Ongoing improvement in financial outcomes Optimised mine plan expected to further support Golden Grove financial performance EBITDA ($ million)1 AISC (US$/lb)1 Golden Grove Golden Grove Actual Copper Price (March 2026)2: US$6.1/lb +345% Actual - 11% 178 4.12 3.70 3.66 101 40 0 0 2023 2024 2025 2023
Slide 11: 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 12: 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 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: 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: ✓ Water inventory reductions ▪ Site water levels no longer an impedimen
Slide 18: 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 19: 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 20: 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 21: Appendices
Appendices
Slide 22: 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 23: 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 24: 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 25: 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 26: Unlocking value to empower the future
Unlocking value to empower the future 26