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Our Assets

Our assets

29Metals is a base and precious metals producer focused on copper - a critical future facing metal to enable the global transition towards electrification.

Our two key assets, Golden Grove (operating) and Capricorn Copper (production suspended), are both in Australia with:
- Large copper endowments;
- Resources to support 10+ year mine lives;
- Organic growth options; and
- Exploration upside
We have 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.
We also hold 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.
Operations
Projects
Exploration
Mineral Resources and Ore Reserves
Golden Grove
Capricorn Copper
Golden Grove
Capricorn Copper
Western Australia, Australia

Golden Grove

Mining leases

129 km²

Mine life

10+ years

Ore Reserves

16.5 Mt

Metals produced
As at 31 Dec 2024
Our Golden Grove mine is a world class VHMS geological system. The first mining discovery in the area, now known as Golden Grove, was the discovery of the Gossan Hill deposit. The discovery was made in 1971 by an unincorporated joint venture between Aztec Mining and AMAX Mining Limited.
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Queensland, Australia

Capricorn Copper

Mining and exploration leases

~1,900 km²

Mine life

10+ years

Ore reserves

19.2 Mt

Metals produced
 As at Dec. 31, 2024
Our Capricorn Copper mine is a high-grade copper and silver underground mine with multiple ore sources. Copper mineralisation was first discovered in the area of Capricorn Copper in the 1880s.
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Redhill
Gossan Valley
Gossan Valley
Redhill
Cervantes
Western Australia, Australia

Gossan Valley

As at 31 Dec 2022
Gossan Valley is one of 29Metals’ near-mine organic growth opportunities at Golden Grove, with the potential to become a third mining front to underpin production growth at our Golden Grove operation.
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Chile, South America

Redhill

As at 31 Dec 2022
A unique opportunity in our asset portfolio, Redhill offers 29Metals exposure to a historically under-explored region in Chile, currently the largest copper producing nation globally.
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Western Australia, Australia

Cervantes

As at 31 Dec 2022
The Cervantes project presents a potential to extend the operating life of the Scuddles underground mine and established infrastructure.
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Exploration:
a systematic and disciplined approach

29Metals holds a portfolio of exploration interests, including regional tenements 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.

We take a systematic and disciplined approach to exploration, seeking to identify, prioritise, test and prove economic mineralisation, and leverage off an extensive knowledge base and history of discovery at the 29Metals assets.
Learn more

Exploration:

a systematic and disciplined approach

Learn more

29Metals holds a portfolio of exploration interests, including regional tenements 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.

We take a systematic and disciplined approach to exploration, seeking to identify, prioritise, test and prove economic mineralisation, and leverage off an extensive knowledge base and history of discovery at the 29Metals assets.