29Metals Limited is a copper-focused base and precious metals mining company with producing and exploration assets in Australia and Chile. The principal activities of the Company are mining and mineral production, mineral concentrate sales, and mineral exploration and development. It has two long-life, producing assets: Golden Grove and Capricorn Copper. Golden Grove mine is a VHMS geological system. Capricorn Copper mine is a high-grade copper and silver underground mine with multiple ore sources. Its near-mine and regional exploration activities, including the Redhill exploration project located in southern Chile. The Redhill comprises the Cutters Cove project, located around the high-grade historical Cutters Cove copper mine and surrounding prospects. The Redhill is a copper-silver-gold prospect. The Redhill also includes a prospective regional tenement package covering over 500-kilometer strike in Chile. The Company holds 100% of the Redhill exploration project.
STM Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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