• Improved safety performance with lower total recordable and lost time injury frequencies
• Higher zinc production at Golden Grove offset by lower copper production
• Progress made on Capricorn Copper suspension, including water inventory reductions and regulatory approvals for long-term tailings storage facility
• Strong financial performance with 12% increase in revenue and significant improvement in EBITDA and net profit

29Metals Limited reported improved safety performance during the 2025 half-year, with a reduction in the group total recordable injury frequency (TRIF) to 6.3/mwhrs and total lost time injury frequency (LTIF) to 1.3/mwhrs. At the Golden Grove operation, copper production was 20% lower while zinc production was 47% higher compared to the prior corresponding period, reflecting a higher proportion of zinc ores milled. The company made progress on its key strategic priorities at Golden Grove, including the continued ramp-up of ore production from the high-grade Xantho Extended orebody, completion of civil and surface infrastructure for a new tailings storage facility, and commencement of Gossan Valley surface works. Capricorn Copper operations remained suspended, but progress was made on site water inventory reductions and regulatory approvals for a long-term tailings storage facility. Financially, the company reported a 12% increase in total revenue to $270,993,000, EBITDA of $112,613,000, and net profit after tax of $35,319,000, a significant improvement compared to the prior corresponding period. The company also completed a refinancing of its senior secured loan facilities, which deleveraged the balance sheet and improved near-term liquidity.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.