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#ASX Announcements
Added 4 weeks ago

29 Metals has released the latest drill results (as noted below)

Generally, the copper price is trending quite nicely, but Silver is going crazy at the moment with the current US price at $92.00 (which gives a AUD price of around $137.00), so 2026 should be a good year for the stock,

If we look at the Silver figures for last year of 700-900, based on the current price of $90+ that could be huge for 29M, around $75 Mil, Which is good as silver is only a by product,

Commenting on the drilling results, Chief Executive Officer, James Palmer, said:

“High-grade Resource Extension results from the 2025 drill program continue to highlight the potential for mine life extensions in easily accessible areas of Gossan Hill, providing opportunity to leverage existing underground infrastructure and development to build flexibility into the Golden Grove life of mine plan. Particularly at Tryall, which is a shallow Gossan Hill Deposit with established infrastructure, and at Oizon where mining will commence in late 2026. In addition, intercepts like 53 metres at 3.6% copper highlight the potential of Europa as a longer dated growth option.”

Ongoing high-grade copper and zinc Resource Extension intercepts at Golden Grove

29Metals Limited (‘29Metals’ or, the ‘Company’) today announce results from the 2025 drill program at Golden Grove, which includes Near Mine Exploration, Resource Extension, and Resource Conversion drilling. The drilling results reported in this release have been prepared and are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition) (the ‘JORC Code’).

Highlights1 :

▪ High-grade copper and zinc intercepts continue to highlight potential for mine life extensions of existing Gossan Hill Deposits. ▪ At Tryall and Oizon, drill results continue to indicate potential for extensions to existing Mineral Resource estimates 2 to be incorporated into the nearer term mine plans and provide additional mine plan flexibility .

o At Tryall, Resource Extension drilling intercepted: - 16.5m @ 2.1% Cu, 1.8g/t Au, 19g/t Ag, from 103.5m in hole RHDD164A, including: - 9.5m @ 3.2% Cu, 1.8g/t Au, 22g/t Ag, from 103.5m - 22.3m @ 3.6% Cu, 0.4g/t Au, 19g/t Ag, from 254.9m

o At Oizon and Hougoumont Extended, Resource Extension drilling intercepted: - 42.2m @ 9.5% Zn, 0.2% Cu, 0.9g/t Au, 38g/t Ag, 0.7% Pb, from 388m in hole G25/281 including: - 10m @ 12.4% Zn, 0.4% Cu, 0.8g/t Au, 21g/t Ag, 0.2% Pb, from 389m - 5.5m @ 13.0% Zn, 0.1% Cu, 0.8g/t Au, 25g/t Ag, 0.7% Pb, from 405.5m - 5m @ 12.1% Zn, 0.1% Cu, 1.2g/t Au, 73g/t Ag, 1.7% Pb, from 424m - 17.5m @ 7.2% Zn, 0.1% Cu, 1.2g/t Au, 41g/t Ag, 0.7% Pb, from 390.9m in hole G25/283 including: - 6.4m @ 13.1% Zn, 0.1% Cu, 2.1g/t Au, 54g/t Ag, 0.7% Pb, from 394.1m 

Resource Extension drilling at Europa continues to highlight its potential as a longer dated high-grade copper ore source at Gossan Hill. o At Europa, Resource Extension drilling intercepted: - 52.6m @ 3.6% Cu, 0.5g/t Au, 14g/t Ag, from 1,057.7m in hole G25/533, including: - 5.7m @ 4.8% Cu, 0.4g/t Au, 17g/t Ag, from 1061.8m - 18.3 @ 6.0% Cu, 0.6g/t Au, 23g/t Ag, from 1092m