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29Metals Limited (ASX:29M)

ALERT: Price-sensitive ASX Announcement for 29M
Current share price for 29M : $0.250 -0.28 (-52.83%)+
Announcement
Release
15 Oct 2025 8:32AM
Price at Release
$0.530
Full Release
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Summary
29Metals Limited's September 2025 Quarterly Report outlines the company's performance, focusing on its operations at Golden Grove and the suspended Capricorn Copper. The report highlights the impact of seismic activity on the Xantho Extended area, which has restricted access to high-grade zinc stopes. A revised 2025 guidance for zinc and precious metals production assumes alternate ore sources, with no change to copper production. The company emphasizes ongoing improvements in productivity and cost discipline at Golden Grove and the potential for future growth through exploration and resource expansion. The financial status includes available group liquidity of $168 million and net drawn debt of $44 million as of September 2025. The report also mentions planned exploration expenditures for 2025 and the progress of the Gossan Valley project, which remains on track for first ore by the end of 2026.
Key Points
  • Sep-2025 operations impacted by Xantho Extended seismic activity.
  • Revised 2025 guidance for zinc and precious metals.
  • No change to 2025 copper production guidance.
  • Golden Grove mine productivity and cost improvements emphasized.
  • Capricorn Copper operations remain suspended; future restart planned.
  • Exploration expenditures for 2025 set at $10-14 million.
  • Unaudited group liquidity at $168 million as of September 2025.
  • Net drawn debt reported at $44 million.
  • Gossan Valley project on track for ore by end of 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.