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29Metals Limited (ASX:29M)

ALERT: Price-sensitive ASX Announcement for 29M
Current share price for 29M : $0.255 -0.03 (-10.53%)+
Announcement
Release
26 Aug 2025 8:15AM
Price at Release
$0.285
Full Release
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Summary
29Metals Limited has provided an update regarding the progress of its application to recommence surface deposition of tailings at the Capricorn Copper mine, following the suspension of operations due to an extreme weather event in March 2023. The company has submitted a detailed application for the design, construction, operation, and closure of a new tailings storage facility (TSF4), which is currently under assessment by the Queensland Department of Environment, Science and Innovation (DESI). The application process is progressing, with DESI requesting and 29Metals responding to several rounds of information and clarifications. The company continues to engage with regulatory authorities and stakeholders and is preparing for the next stage of the process, which includes public consultation. 29Metals remains committed to resuming operations in compliance with all regulatory requirements and maintaining transparent communication with stakeholders throughout the process.
Key Points
  • 29Metals Limited suspended operations at Capricorn Copper in March 2023 due to an extreme weather event.
  • The company is seeking approval to recommence surface deposition of tailings via a new tailings storage facility, TSF4.
  • A comprehensive application for the design, construction, operation, and closure of TSF4 has been submitted to the Queensland Department of Environment, Science and Innovation (DESI).
  • The application is undergoing an iterative assessment process, with DESI requesting additional information and clarifications.
  • 29Metals has responded to multiple rounds of information requests from the regulator.
  • The company anticipates a public consultation phase as the next major step in the assessment process.
  • 29Metals is committed to regulatory compliance, stakeholder engagement, and transparent communication.
  • No timetable for the final decision or resumption of operations has been provided yet.
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.