BWA | JUL 2026 135 stakeholder alignment. The company’s sustainability pages emphasise long-term relationships with communities, workforce groups and regulators around its operating sites, while the business model itself is explicitly tied to selling concentrates to commodity trading firms or smelters for refining and on-sale into end markets. In mining, those downstream and stakeholder relationships are a critical part of how value is ultimately realised. The company is also keeping a longer horizon in view through exploration. Beyond Golden Grove and Capricorn, 29Metals’ asset pages point to the Cervantes opportunity near Golden Grove and the Redhill-Cutters Cove package in Chile, which the company frames as exposure to a historically under-explored copper region. These projects help make the company’s future look broader than a two-asset recovery story. What makes 29Metals a compelling feature is that the business now reads as a copper producer with real second-phase substance. It has one operating cornerstone in Golden Grove, one suspended but still material asset in Capricorn Copper, approved brownfields expansion in Gossan Valley, and a more stable financial picture after the 2025 result. For a company operating in a metal set that sits squarely inside the electrification theme, that is a meaningful combination.
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