29METALS Ltd September 2026 Quarterly Report
Key points
- Safe execution of a planned 11-day maintenance shutdown at Golden Grove
- Production recommenced at Xantho Extended, Golden Grove's highest-grade copper and zinc orebody
- Progress on development milestones for Gossan Valley and Oizon
- Evaluation of funding options for Capricorn Copper restart
- Agreement reached for the sale of Redhill to Narryer Metals Limited
Full summary
29METALS Ltd reported results for the September 2026 quarter, highlighting safety and sustainability metrics, production updates, and development progress. Key highlights include the safe execution of a planned 11-day maintenance shutdown at Golden Grove, increased ore mining by 17%, and the recommencement of mining at Xantho Extended. Development milestones for Gossan Valley and Oizon were achieved, with Gossan Valley on track for first ore by the end of 2026 and Oizon expected to start production by the same timeframe. The company is also evaluating non-dilutive, low-cost funding options for the restart of Capricorn Copper. Additionally, 29METALS Ltd agreed to sell the Redhill Project in Chile to Narryer Metals Limited, maintaining exposure to future upside through the transaction terms.
Outlook
The company expects increased mining volumes, higher opening ROM stocks, and no planned maintenance shutdowns to support higher sales in the Dec-Qtr.
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