29Metals

A final wrap up on the fundraising efforts from the 29Metals Golden Grove team who participated in this year’s MACA Cancer 200 event in Western Australia, cycling 200 kilometres each to raise funds for the Harry Perkins Institute of Medical Research in support of cancer research. With final donations pledged, the team has raised an impressive $25,233. A big thanks to the team’s corporate sponsors for their support including: Mine Contract Consultants – Tony Carr Westfill Group – Ashley Morcombe Programmed - Linda Hitchmough MineGeoTech - John Player Qube Ports & Bulk Pty Ltd - Mike Batchelar Overall, the 2024 event raised $10,330,320  for Harry Perkins Institute of Medical Research in 2024. #29Metals #copper

This morning we have announced our results for the September quarter. Commenting on the quarter, CEO James Palmer, said: “A great quarter delivered by the team at Golden Grove, producing 4.4kt of copper, and 19.1kt of zinc, positioning us well to deliver our full year metal production guidance. In addition, the asset generated $42 million of operating cash flow and $26 million of free cash flow. At Capricorn Copper, excellent progress was made towards our immediate term focus of reducing the water levels on site, with the team progressing the things within our control to position the asset for optimal water reduction outcomes through the coming wet season. Specifically, commencing treatment of the water in the Mill Creek Dam, in preparedness for treated water releases during the wet season, was a major milestone for the quarter.” You can read further details in this morning’s announcement here: https://lnkd.in/g28Q6Kjw #29Metals #copper

Last Friday night, Capricorn Copper Environment and Community Manager Geraldine McGuire was presented with the Social and Environment Society Award at the AusIMM Awards and President's Dinner. Geraldine was recognised for the award for her more than 30 years of dedicated service to the resources sector.  "Geraldine reflects the professional leadership required across the social and environmental disciplines that are integral to the development of mineral resources," said the summary in the Awards booklet. On accepting the award Geraldine said it was a great honour to be the inaugural recipient of the award. "I believe that taking a values-based approach has been critical to my success in these challenging areas in a challenging industry," said Geraldine. "I'm glad that the critical importance of these areas has finally been recognised through this award. My values of courage, integrity and joy have enabled me to negotiate and implement robust agreements in difficult circumstances over a sustained period of time, including through work in Indonesia and Laos." Geraldine also thanked her colleagues and family for their friendship and support over her many years in the industry. #29Metals #copper

Calling all Mining and Geology students… join us this summer and gain hands-on, practical experience at our Golden Grove operation in Western Australia. ➡ Mentorship from industry professionals and experienced team members ➡ Exposure to state-of-the-art mining technologies and processes ➡ The opportunity to grow your professional network ➡ Develop critical skills and contribute to a real-life mining operation Find out more and apply at https://lnkd.in/gRfxH9it #29Metals #Copper #EmpowerYourFuture

Well done to 29Metals' Golden Grove General Manager Operations Brett Milner, Mining Manager Scott Prentice, Underground Manager Robert Gelson, Winder Driver Jon White and Programmed Chef Waffe El jazzar, who all spent their weekend cycling 200 kilometres in support of cancer research in the MACA Cancer 200 event in Western Australia. Racking up an impressive 1,000 kilometres of cycling between them, the team have raised an even more impressive $25,000 for the Harry Perkins Institute of Medical Research in support of cancer research. "It was a tough ride, but worth it for the cause," said General Manager Operations Brett Milner. "Saturday was an early start against the backdrop of a blue lit Optus Stadium and Matagarup Bridge, a tough stint with a strong south westerly head wind for half of the stage. Sunday the sun was out and the breeze dropped off." The event this year had 1,800 riders in total and raised over $10M. "It was an amazing event full of great people with a huge mining presence, it was great to get 29Metals in the mix and to contribute," said Brett. "All of us know people impacted by cancer and we hope that the funds raised can help drive discoveries to help our friends and family battling this terrible disease now and in the future." It's not too late to donate to the team: https://lnkd.in/g3Rj3e9X #29Metals #copper

We are thrilled to announce that the BlastIQ™ Underground project at Golden Grove has been named the winner of the Excellence in IIoT Application category at the 2024 Prospect Awards. The award, which recognises outstanding use of the Industrial Internet of Things (IIoT) to enhance mining operations, was presented last night in Perth.   The BlastIQ™ project, which was developed at Golden Grove in partnership with Orica and Byrnecut, was recognised for its innovative application of connected devices, systems, and sensors that significantly improve safety, boost productivity and reduce operating costs. This prestigious win highlights the team’s dedication to leading-edge technology and operational excellence.   "The BlastIQ™ project implemented technology as part of our ongoing continuous improvement onsite," said Mining Manager Scott Prentice. "It's streamlined our drill and blast processes to gain productive time underground."   The Prospect Awards are an annual event celebrating achievements in the mining and minerals processing industries, with a focus on innovation and best practices.   Pictured: Golden Grove Mining Engineer narayan paudel (fourth from the left) and Mining Manager Scott Prentice (fourth from the right), along with Orica and BAPL representatives at the awards ceremony in Perth.   #29Metals #copper  

Spring has sprung around our Golden Grove operation as the local wildflower seasons bursts into bloom in Western Australia, delighting the team on site. Golden Grove Senior Site Administrator Jenny Haase took these stunning shots at Golden Grove last week. Want to see wildflower season for yourself? Find out more about working at Golden Grove and browse current vacancies: https://lnkd.in/gGJakygj #29Metals #copper

Last week we had seven students from Curtin University visit Golden Grove for almost three days, with the aim of providing the cohort with the opportunity for real-life industry involvement. The students, who are studying Mining Engineering, were introduced to all areas of the operation including Health and Safety, Underground, Technical Services and Processing. Thanks to Acting Senior Production Engineer Anthony Ricciardi (pictured second from left) and Alternate Underground Manager Mahesh Kerai (pictured far right) for their involvement in the visit, and a special mention to Technical Services Manager Matthew Birchley who engaged with Curtin University to give the students this important experience. #29Metals #copper

This morning we released our Half-Year Financial Report for the half year ended 30 June 2024. “Significant progress was made through the first half of 2024 to improve the financial and operational footing of 29Metals," said CEO James Palmer in the release. Read the full release here: https://lnkd.in/g28Q6Kjw   #29Metals #copper   

29Metals CEO James Palmer was interviewed by ABC News at the Diggers & Dealers conference in Kalgoorlie yesterday, answering the overarching question: why miners are chasing copper. “Electrification. Therefore, copper demand is there. We know there are supply constraints… Those that don’t have copper, want copper. Those that have copper, want more!” You can watch the full interview (4 mins) here: https://lnkd.in/gMnP9R5E   #29Metals #copper