29METALS LIMITED For personal use only
ASX ANNOUNCEMENT
Thursday, 2 June 2022
CLSA AUSTRALIAN EXPLORATION ACCESS DAY CONFERENCE
INVESTOR PRESENTATION
29Metals Limited ('29Metals' or, the 'Company') is presenting at the CLSA Australian Exploration Access Day Conference in Sydney later today. Accompanying this release is copy of 29Metals' conference presentation.
-ENDS-
This announcement was authorised for release by the Managing Director & Chief Executive Officer, Peter Albert.
Investor Enquiries | Media Enquiries |
Michael Slifirski | Citadel-MAGNUS |
Group Manager Investor Relations | Michael Weir / Cameron Gilenko |
Michael.Slifirski@29metals.com | mweir@citadelmagnus.com/ |
cgilenko@citadelmagnus.com | |
+61 412 251 818 | +61 402 347 032 / +61 466 984 953 |
29Metals Limited (ABN 95 650 096 094) (ASX: 29M)
Head office: Level 2, 150 Collins Street, Melbourne VIC 3000
ersonal use only
29Metals Limited
CLSA Australian Exploration Access Day Conference
June 2022
Important information
The information in this presentation has been derived from material publicly released by 29Metals and is provided for informational purposes only and may be changed or updated without notice. The information presented should not be used for any purpose other than gaining general knowledge of the Company.
Information presented is deemed representative at the time of its original release and 29Metals does not accept any responsibility to update the information presented. Readers should be aware that there may be changes to historical information presented in the future due to adjustments in accounting and reporting policies and standards, and that past results or performance are no guarantee of future results or performance.
This presentation is not a recommendation to invest in 29Metals. The information presented does not purport to include all of the information that a person may require in order to decide whether to invest in 29Metals. Prospective investors must seek their own legal or other professional advice.
onlyF rward looking statements are based on 29Metals' good faith assumptions as to the financial, market, regulatory and other relevant environments that will exist and affect 29Metals' business and operations in the future. There may be other factors that could cause actual results or events not to be as anticipated, many of which are beyond 29Metals' reasonable control, and 29Metals does not give any assurance that the assumptions will prove to be correct.
FORWARD LOOKING STATEMENTS
This presentation contains forward-looking statements and comments about future events, including in relation to 29Metals' businesses, plans and strategies. Forward looking statements can generally be identified by the use of words such as, "expect", "anticipate", "likely", "intend", "should", "could", "may", "plan", "propose", "will", "believe", "forecast", "estimate", "target" and similar expressions. Indications of, and guidance or outlook regarding, future performance are also forward-looking statements.
Forward looking statements involve inherent risks, assumptions and uncertainties, both general and specific, and there is a risk that predictions, forecasts, projections and other forward looking statements will not be achieved. A number of important factors could cause 29Metals' actual results to differ materially from the plans, objectives, expectations, estimates, targets and intentions expressed in such forward looking statements, and many of these factors are beyond 29Metals' control. Relevant statements may prove to be incorrect, and circumstances may change, and the contents of this presentation may become outdated as a result.
useNON-IFRS FINANCIAL INFORMATION
R ad rs are cautioned not to place undue reliance on forward looking statements, particularly in the current economic climate with the significant volatility, uncertainty and disruption caused directly or indirectly by the COVID-19 pandemic. Except as required by applicable laws, 29Metals does not undertake any obligation to publicly update or revise any forward-looking statements, to advise of any change in assumptions on which any such statement is based, or to publish prospective information in the future.
This presentation contains certain information, such as C1 Costs, AISC, and Cu-eq, that is not recognised under Australian Accounting Standards and is classified as 'non-IFRS financial information' under ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information). 29Metals uses these non-IFRS financial information metrics to assess business performance and provide additional insights into the underlying performance of its assets. Non-IFRS financial information metrics do not have standardised meanings under the Australian Accounting Standards and, as a result, may not be comparable to the corresponding metrics reported by other entities. The non-IFRS financial information metrics in this presentation are unaudited. Refer to slide 29 of this presentation for definitions of the non-IFRS financial information metrics used in this presentation.
Non-IFRS financial information should be considered in addition to, and not as a substitute for, financial information prepared in accordance with Australian Accounting Standards. Readers are cautioned not to place ersonalundue reliance on non-IFRS financial information cited in this presentation. Refer to slide 29 for definitions of non-IFRS financial information metrics used in this presentation, including assumptions applied to calculate
Cu-eq.
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Important information
PRESENTATION CURRENCY AND ROUNDING
29Metals functional currency is Australian dollars ('A$'). Unless otherwise stated, all financial information in this presentation is in A$. Financial information in this presentation is subject to rounding.
onlyMINERAL RESOURCES AND ORE RESERVES
This presentation includes information relating to 29Metals' estimates of Mineral Resources and Ore Reserves reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition) (the 'JORC Code'). 29Metals' Mineral Resources and Ore Reserves estimates are based on information compiled by the following persons, each a 'Competent Person' of the JORC Code for the purposes of:
useersonalAggregated Mineral Resources and Ore Reserves information is the simple arithmetic addition of underlying estimates.
Mi eral Resources and Ore Reserves estimates are subject to rounding.
Full details of 29Metals' Mineral Resources and Ore Reserves estimates, including Competent Person's statements and JORC Table 1 disclosures, are set out in the 29Metals Mineral Resources and Ore Reserve estimates at 31 December 2021 released to the ASX on 11 March 2022. A copy of 29Metals' 31 December 2021 Mineral Resources and Ore Reserve estimates is available via 29Metals' website at: https://www.29metals.com/investors.
This presentation includes references to Mineral Resources estimates for Golden Grove for specific ore bodies. The cited estimates are a subset of the Golden Grove Mineral Resources estimates as at 31 December 2021. The Competent Person for the Golden Grove 31 December 2021 Mineral Resources estimates, Mr Leonard Mafurutu, has consented to the inclusion of these estimates in this presentation.
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Portfolio
Substantial copper producer, with all assets in Tier 1 jurisdictions
Production from Golden Grove and Capricorn Copper, both with long mine lives, production growth opportunities and significant resource extension potential, plus Redhill in Chile providinga strategic landholding in the largest copper producingcountry in the world
Golden Grove | |
Western Australia | |
C mmodities: | Cu/Zn/Au/Ag/Pb |
Status: | Producing |
only | 1,405kt(1.3% Cu, 4.0% Zn, 1.1g/t |
2021 Ore Milled: | Au, 43g/t Ag) |
2021 Production 1: | 43kt Cu-eq |
Ore Reserves 2: | 12.7Mt @1.9% Cu, 5.1% Zn, 0.8g/t |
Au,33g/t Ag, 0.3% Pb | |
Mineral Resources 2: | 58.4Mt @ 1.6% Cu, 4.4% Zn, 0.7g/t |
use | Au, 30g/t Ag,0.3% Pb |
Capricorn Copper | ||
Queensland | ||
Commodities: | Cu/Ag | |
Status: | Producing | |
2021 | Ore Milled: | 1,703kt (1.7% Cu) |
2021 | Production 1: | 25kt Cu-eq |
Ore Reserves 2: | 13Mt @ 1.8% Cu, 10g/t Ag | |
Mineral Resources 2: | 60.8Mt @ 1.8% Cu, 7g/t Ag, | |
342ppm Co |
Redhill | |
Chile | |
Commodities: | Cu/Au/Ag |
Status: | Expl. / conceptual mine study |
Planned | Vein repetition and extension targeting |
Activities: | |
Mineral | 4.3Mt @ 1.7% Cu, 0.3g/t Au, 33g/t Ag |
Resources 2: | |
(Inferred category) 3 |
Exploration | Capricorn Copper: |
1,858km2 - Mining and | |
Golden Grove: | Exploration Leases |
Head Office | |
129km2 - Mining | |
Leases | Melbourne, Australia |
Redhill: | |
227km2 - Exploration | |
and Exploitation | |
Concessions |
ersonal1. Cu-eq is a non-IFRS financial information metric. Refer to important information at the beginning of this presentation regarding the use of non-IFRS financial information metrics. Refer to slide 29 for assumptions applied to calculate Cu-eq.2. Refer to important information at the beginning of this presentation regarding references to Mineral Resources and Ore Reserves estimates. Full details of 29Metals' Mineral Resources and Ore Reserves estimates, including Competent Person's statements and JORC Table 1
disclosures, are set out in the 29Metals Mineral Resources and Ore Reserve estimates at 31 December 2021 released to the ASX on 11 March 2022. A copy of 29Metals' 31 December 2021 Mineral Resources and Ore Reserve estimates is available via 29Metals' website at: https://www.29metals.com/investors. 3. There is a low level of geological confidence associated with Inferred Resources and there is no certainty that further exploration work will result in the determination of Indicated Resources.
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29Metals Ltd. published this content on 01 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2022 23:01:02 UTC.
