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29Metals Limited (ASX:29M)

ALERT: Price-sensitive ASX Announcement for 29M
Current share price for 29M : $0.240 -0.22 (-47.83%)+
Announcement
Release
4 Nov 2025 8:27AM
Price at Release
$0.460
Full Release
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Summary
29Metals Limited announced significant high-grade copper, zinc, and gold Resource Extension intercepts at its Golden Grove site. The exploration results, indicating potential for extending the mine life of the Gossan Hill Deposits, revealed that Ozion and Hougoumont Extended may form a single large mineralised system, which could enable future cost-effective mining through shared infrastructure. The results, which include notable mineralisation at various depths, are reported in compliance with the JORC Code.
Key Points
  • High-grade copper, zinc, and gold intercepts were reported at Golden Grove.
  • The drilling results suggest potential for mine life extensions of the Gossan Hill Deposits.
  • Ozion and Hougoumont Extended might form a single large mineralised system, offering future mining cost efficiencies.
  • Resource Extension drilling at Oizon and Hougoumont Extended intersected significant mineralisation.
  • Results included 9.7m @ 1.5% Cu, 2.6% Zn, 1.0g/t Au from hole G25/527 among other notable findings.
  • The drilling was compliant with the Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code).
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.