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Redhill

Redhill - Cutters Cove

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.

Ownership

100%

Discovered

2006

Status

Prefeasibility study (‘PFS’)

Ownership

100%

Mineral Resources*

4.3Mt

@ 1.7 % Cu, 0.3g/t Au, 33 g/t Ag
Mineral Resources and Ore Resources
* Refer 2022 Mineral Resources and Ore Reserves as at 31 Dec 2022
golden grove
Overview & Asset Location
Key Highlights
Exploration
Overview & Asset Location
capricorn cooper maps
Chile, South America

Overview & Asset Location

Our Cutters Cove project at Redhill incorporates the mineralised veins of Cristina, Gorda, Angelica, Cutters, and Franceses, and the Ingleses target area, as well as a regional tenement package within the surrounding province.

View history
29Metals completed its 2022 field season which focussed on a series of mesothermal polymetallic quartz-sulphide veins in the Cutters Cove project area which currently host Mineral Resources estimates (Inferred category) of 4.3Mt (refer above).
The results of the 2022 field season highlighted the potential for extensions to existing mineralised veins in all evaluated areas and potential for additional veins not currently included in 29Metals’ 2022 Mineral Resources estimates.
The results of the 2022 field campaign are being used to inform planning for future exploration activity.

Key Highlights - 2022 Field Season

Cristina/Gorda

Portable small drill samples returned elevated copper and precious metals mineralisation, with results as high as 3.4% Cu, 9.5g/t Au, and 221g/t Ag.

Cutters

Rock samples have highlighted possible extensions to existing veins as well as additional veins outside of current Mineral Resources estimates, with samples returning high grade copper and elevated precious metals mineralisation, with results as high as 12.4% Cu, 3.0g/t Au, and 246g/t Ag.

Ingleses

An area of historic mining activity not currently included in 29Metals Mineral Resources estimates for Redhill, rock samples have returned high grade copper and elevated silver results as high as 11.9% Cu and 164g/t Ag.
Additional activity included the execution of a drone based magnetics survey over Franceses, Ingleses, and Cutters.

Exploration Update – Redhill

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Cutters Cove Project Overview

29metals governance framework
Image: Plan view of Cutters Cove project area showing the location of all samples collected within the 2022 field season as well as the samples covered as part of this announcement, and the surface position of all current Mineral Resources Estimates (Inferred category).
29metals governance framework
Image: At Surface Quartz Vein hosting chalcopyrite and pyrite concealed by 30cm of soil cover 160m east of the known Cutters vein. This vein is mapped as being parallel to the Cutters vein.  Outcrop sampling returned 2.1% Cu, and 45 g/t Ag (Sample ID 6619 from outcrop MCU-17).