Investor Presentaiton
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:
L
Assessed impact of extreme
weather event and formulated
Recovery Plan
Restart of mining at
Mammoth and Greenstone²
Completion of major Golden
Grove de-risking projects
Confirmation from insurers of
initial $24m Capricorn Copper
insurance claim progress
payment
1
Waiver of key financial
I
covenants from senior
lenders
1
Entitlement offer
Planned
submission of
Capricorn Copper
Epit tailings
application
Q4-CY2023
I
I
Planned Esperanza South Mineral
Resources and Ore Reserves
estimate update³
Planned submission of TSF 3 approvals
Planned restart of mining from
Esperanza South4 in mid H1-2024
TSF 3 planned to be in
operation by mid-2025
subject to regulatory
approvals
H1-CY2024
Planned Cervantes
Mineral Resources
CAPRICORN COPPER
H2-CY2024
GOLDEN GROVE
Planned commencement
of Gossan Valley
development5
H1-CY2025
TSF 4 planned to be
in operation by Q1
2025 subject to
regulatory approvals
Target c.1Mtpa
ore from Xantho
Extended by
20254
1.
2.
3.
4.
5.
and Ore Reserves
estimate update³
This slide includes expected dates and forward looking information. Refer to important information regarding forward looking statements at the beginning of this presentation.
Refer to "Capricorn Copper Restart" released to the ASX announcements platform on 1 August 2023.
Results from Cervantes resource conversion in-fill drilling and Esperanza South Resource extension drilling to be incorporated into 29Metals annual Reserve and Resource estimates process. Refer to "Exploration Update - Capricorn Copper" released to the ASX announcements
platform on 12 April 2023 and to "Cervantes 2023 Drilling Program Results" released to the ASX announcements platform on 17 August 2023.
Refer to "Strategic Update" released to the ASX announcements platform on 23 May 2023 for further information regarding the material assumptions underlying this production outlook. Cautionary statement: The information on this slide constitutes a production target for the
purposes of the ASX Listing Rules. The production targets are based on a proportion of Inferred Mineral Resources. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the
determination of Indicated Mineral Resources or that the production target itself will be realised.
Subject to requisite regulatory approvals and Final Investment Decision ("FID"), refer to "Golden Grove Studies Update" released to the ASX announcements platform on 22 November 2022.
29
M
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