• Maximise operating cash flow at Golden Grove
• Progress the imperatives for a successful and sustainable restart of Capricorn Copper
• Ongoing productivity and cost improvement at Golden Grove

29Metals released its December 2025 quarterly report, providing an update on its key operations. At Golden Grove, the company reported solid copper and zinc production, with TRIF and LTIF metrics remaining low. The company is focused on maximizing operating cash flow from Golden Grove and delivering the Gossan Valley project, which remains on track for first ore by the end of 2026. At Capricorn Copper, the company is progressing the key imperatives for a successful and sustainable restart, including water inventory reductions and a long-term tailings storage solution. 29Metals also announced several corporate updates, including the appointment of a new Deputy Chair and the exercise of a right by BUMA to nominate a second Non-executive Director to the Board. The company's unaudited available group liquidity at the end of December 2025 was $118 million.

At Golden Grove, 29Metals provided 2026 production guidance of 20-24kt copper, 40-50kt zinc, 12-20koz gold, and 600-800koz silver.