High-grade Resource Extension intercepts at Golden Grove

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Stock 29METALS Ltd (29M.ASX)
Release Time 28 Apr 2026, 8:23 a.m.
Price Sensitive Yes
 High-grade Resource Extension intercepts at Golden Grove
Key Points
  • High-grade intercepts further highlight growth potential of Golden Grove Mineral Resource estimates
  • High-grade drill results at Tryall and Hougoumont continue to indicate extensions to existing Mineral Resource estimates
  • Resource Extension drilling at Europa continues to highlight its potential as a longer dated high-grade copper ore source
Full Summary

29Metals Limited (ASX: 29M) today announced final results from the 2025 drill program at Golden Grove, which includes Near Mine Exploration, Resource Extension, and Resource Conversion drilling. The drilling results have been prepared and reported in accordance with the JORC Code (2012 Edition). The highlights include high-grade intercepts at Tryall and Hougoumont that continue to indicate extensions to existing Mineral Resource estimates, with potential to be incorporated into near term mine plans. At Tryall, Resource Extension drilling intercepted 17.0m @ 2.0% Cu, 0.3g/t Au, 16g/t Ag, including 7.0m @ 3.7% Cu, 0.4g/t Au, 25g/t Ag. At Hougoumont, Resource Extension drilling intercepted 11.1m @ 2.1% Cu, 0.1g/t Au, 20g/t Ag, including 6.1m @ 3.3% Cu, 0.1g/t Au, 30g/t Ag.Resource Extension drilling at Europa continues to highlight its potential as a longer dated high-grade copper ore source at Gossan Hill, with an intercept of 13.9m @ 7.4% Cu, 0.4g/t Au, 33g/t Ag, including 9.2m @ 10.1% Cu, 0.5g/t Au, 41g/t Ag.The Company has planned expenditures of $15 to $20 million for exploration through 2026 with the ongoing objective to grow Mineral Resource estimates and enhance mine plan flexibility at Golden Grove.

Outlook

Ongoing drilling will aim to build on high-grade Resource Extension intercepts at several Golden Grove orebodies through 2025, which highlighted Tryall, Ozion and Hougoumont Extended, Europa, and Cervantes' potential as future growth options.