Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest update is out from 29metals Ltd. ( (AU:29M) ).
29Metals has reported updated Mineral Resources and Ore Reserves as at 31 December 2025, showing Group Ore Reserves rising to 37.2Mt and Group Mineral Resources to 131.3Mt, despite depletion from production. The increases are driven largely by strong drilling and favourable economic parameters at Golden Grove, while Capricorn Copper and Redhill estimates were broadly unchanged aside from minor stockpile depletion.
At Golden Grove, Ore Reserves increased to 18.2Mt and Mineral Resources to 62.9Mt, with management highlighting a 10% lift in Ore Reserve tonnes and 17% growth in Mineral Resources tonnes that extend mine life and underscore exploration upside. The company plans to boost exploration spending to $15–20 million in 2026, reinstating exploration at Capricorn Copper and reinforcing governance processes and annual updates under the JORC Code to support stakeholders’ confidence in its resource base.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.44 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 ASX-listed base and precious metals miner focused on copper, zinc, gold, silver and lead, with key operations at the Golden Grove and Capricorn Copper assets in Australia. The company targets long-life, multi-metal underground mines and pursues ongoing resource extension and conversion drilling to sustain and grow its production profile.
Average Trading Volume: 7,785,644
Technical Sentiment Signal: Buy
Current Market Cap: A$768.8M
For a thorough assessment of 29M stock, go to TipRanks’ Stock Analysis page.