BWA | JUL 2026 133 Capricorn Copper adds both challenge and long-term upside to the profile. The asset remains a high-grade underground copper and silver operation with multiple ore sources and a potential mine life of more than 10 years, but the company currently lists production there as suspended. Even so, 29Metals’ own materials continue to frame Capricorn as an important part of the future portfolio, supported by productivity-improvement plans, multiple ore sources and further in-mine and near-mine opportunities. That combination of strength and interruption is important to the story because it explains why the company’s recent narrative is less about simple production growth and more about disciplined value recovery. Capricorn is not being written off; it is being positioned as an asset that still holds strategic relevance once the right conditions for a successful and sustainable restart are in place. There is also a corporate-partner layer to how 29Metals came together. The company’s history page notes that EMR Capital acquired Golden Grove in 2017, and leadership biographies on the 29Metals site still reference senior executives with prior EMR involvement. That is useful context because it shows the company’s roots in specialist mining-investment stewardship rather than in a conventional conglomerate buildout. 29Metals’ partner story is less about named builders or engineering consultants and more about long-cycle
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