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29metals Ltd. ( (AU:29M) ) just unveiled an update.
29Metals has reported further high-grade copper and zinc intersections from its 2025 drilling program at the Golden Grove mine, with resource extension and conversion drilling at the Gossan Hill deposits—particularly Tryall, Oizon, Hougoumont Extended and Europa—highlighting significant potential to extend mineral resources and mine life. The $11 million program, nearly triple the prior year’s exploration spend, has delivered notable intercepts such as 16.5 metres at 2.1% copper at Tryall, 42.2 metres at 9.5% zinc at Oizon, and 52.6 metres at 3.6% copper at Europa, which the company says could be integrated into nearer-term mine plans to enhance flexibility while positioning Europa as a longer-dated high-grade copper growth option for Golden Grove.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.67 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
More about 29metals Ltd.
29Metals Limited is an Australian base metals miner listed on the ASX, with a key focus on copper and zinc production from its Golden Grove operations in Western Australia. The company targets volcanogenic massive sulphide-style deposits and is investing in near-mine exploration and resource extension to sustain and grow mine life, leveraging existing underground infrastructure to improve capital efficiency and operational flexibility.
Average Trading Volume: 3,664,556
Technical Sentiment Signal: Buy
Current Market Cap: A$830.3M
Find detailed analytics on 29M stock on TipRanks’ Stock Analysis page.