29Metals (ASX:29M) has ‘golden years ahead’ and is investing in the future with its long-life operating assets Golden Grove and Capricorn Copper.
That’s the message 29Metals’ Managing Director and CEO Peter Albert will present to delegates at 3.15pm today at the Diggers & Dealers Mining Forum being held in Kalgoorlie.
29Metals has extensive estimated ore reserves and mineral resources, supporting a mine life in excess of 10 years at each of its operating assets.
The company also has a pipeline of organic growth opportunities, including identified productivity and operational improvements, and in-mine and near-mine growth opportunities at Golden Grove and Capricorn Copper.
It holds a portfolio of exploration interests, including regional tenement interests surrounding Capricorn Copper and Golden Grove, and a strategic tenement package and exploration project in Redhill located in Chile, the world’s largest copper-producing country.
In today’s presentation, Albert will outline how Capricorn Copper is located in Australia’s best copper province – 1,900km-square of the ‘highly prospective’ Mount Isa Inlier, which is largely unexposed to modern exploration.
He will also discuss how Golden Grove is based in Australia’s best VHMS address, hosting the more than 100 million tonnes (and still growing).
In terms of the golden future ahead, the CEO plans to talk about the opportunities at Gossan Valley and Cervantes, as well as paste plant wet feed, life of mine tailings, and what’s on the cards with new discoveries.
Gossan Valley in particular is a “development option for increased flexibility and growth”, according to the corporate presentation.
29Metals provides investors with exposure to strong copper market fundamentals through a portfolio of long-life producing assets in Australia complemented by a well-defined pipeline of organic growth opportunities.
The presentation is title ‘investing for the future’.
Write to Adam Orlando at Mining.com.au
Images: 29 Metals Ltd