• Two large copper metal endowments in a tier 1 jurisdiction
• Golden Grove: Producing underground mine with up to 1.8Mtpa mill capacity
• Capricorn Copper: Production suspended, 100% owned with up to 2.0Mtpa mill capacity

29Metals Limited, an Australian copper producer, has announced a fully underwritten accelerated pro rata non-renounceable entitlement offer to raise funds for its operations and growth initiatives. The company has two large copper metal endowments in a tier 1 jurisdiction, Western Australia and Queensland. The Golden Grove operation is a producing underground mine with a mill capacity of up to 1.8Mtpa, while the Capricorn Copper operation, which is 100% owned by 29Metals, has a mill capacity of up to 2.0Mtpa but is currently in production suspension. The company's 2025 production snapshot for Golden Grove includes 22kt of copper, 35kt of zinc, 15koz of gold, and 746koz of silver, with 2026 guidance of 20-24kt of copper, 40-50kt of zinc, 12-20koz of gold, and 600-800koz of silver. The equity raising is intended to support 29Metals' growth and operational initiatives.

2026 Guidance (Golden Grove): 20 - 24kt Copper, 40 - 50kt Zinc, 12 - 20koz Gold, 600 - 800koz Silver