Short extract from a FatProphets report published this morning...

Short extract from a FatProphets report published this morning which maintains a buy. FP are also extremely bullish on CU.

Good luck to all holders.

The discovery of Woolly suggests a substantial opportunity for resource expansion. Resource extension drilling has also intercepted mineralization along strike and to the north of Mammoth Deeps, with notable intervals such as 45.4 meters at 2.5% copper. These findings highlight the potential for extending existing Mineral Resource estimates, presenting a promising organic growth target within the mine.....................

Summary

The recent drilling results at 29Metals’ Capricorn Copper project are highly promising, revealing a new high-grade copper zone, Woolly, and extending the potential for copper mineralization along the Mammoth orebody. These findings not only highlight the substantial resource expansion opportunity but also underscore the strategic significance of the Mammoth area within the company’s portfolio.

The proximity of the Woolly zone to existing infrastructure is a major advantage, as it could potentially reduce the time and cost associated with bringing new resources into production. The continuity and orientation of the mineralization east of the Mammoth Portal Fault confirm the area’s prospectivity and open up new avenues for further exploration and development.

All in all, we maintain our BUY rating on 29Metals (ASX.29M).