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29Metals Limited (ASX:29M)

ALERT: Price-sensitive ASX Announcement for 29M
Current share price for 29M : $0.230 -0.375 (-61.98%)+
Announcement
Release
19 Jan 2026 8:29AM
Price at Release
$0.605
Full Release
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Summary
29Metals Limited announced significant results from their 2025 drill program at Golden Grove, focusing on high-grade copper and zinc Resource Extension intercepts. The drilling program, aligned with the JORC Code, revealed potential for mine life extensions at Gossan Hill, with notable copper and gold intercepts at Tryall and significant zinc deposits at Oizon and Hougoumont Extended. Europa's site continues to show potential as a prospective long-term copper source. The exploration program, costing $11 million in 2025, aims to enhance existing resource estimates and is set to continue with further drilling in 2026.
Key Points
  • 29Metals announced results from the 2025 drill program at Golden Grove, highlighting ongoing high-grade copper and zinc intercepts.
  • Drilling at Golden Grove focused on Near Mine Exploration, Resource Extension, and Resource Conversion, in accordance with the JORC Code.
  • High-grade resource extension results suggest potential mine life extensions at Gossan Hill deposits.
  • At Tryall, significant copper and gold intercepts were recorded, including 16.5 meters at 2.1% Cu and 22.3 meters at 3.6% Cu.
  • Oizon and Hougoumont Extended drills showed 42.2 meters at 9.5% Zn, among other high-grade zinc intercepts.
  • Europa's Resource Extension drilling highlighted its potential as a long-term high-grade copper source.
  • The drill program costs for 2025 totaled $11 million, up from $4 million in 2024.
  • Future work includes ongoing diamond drilling and exploration programs planned for 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.