29Metals Expands Golden Grove Copper-Gold Project with High-Grade Drilling Results

Recent drilling has significantly expanded 29Metals' Golden Grove copper-gold project in Western Australia, uncovering high-grade copper mineralization at the Europa prospect. The resource extension drilling intersected mineralization approximately 100 meters below current resource estimates, signaling substantial growth potential.

Key intercepts included:

• 43.9m at 3% copper, 0.4g/t gold, and 18g/t silver from 955.1m, and
• 16.6m at 4.9% copper, 0.5g/t gold, and 30g/t silver from 937.5m.

Resource conversion drilling at Europa also delivered exceptional results, such as 25.8m at 6.9% copper, 0.6g/t gold, and 42g/t silver from 864.5m.

Europa is one of 29Metals' key in-mine growth focus areas, located in the lower Golden Grove formation near the Xantho Extended deposit. Positioned within 155 meters of the existing Xantho Extended decline, Europa is a future planned ore source offering potential cost synergies with Xantho, which is already producing increased volumes of high-grade ore.

Europa's mineralized zone remains open along strike and down dip, suggesting further resource growth opportunities.

“As a high-grade, copper-dominant zone, today’s results emphasize Europa’s potential to strengthen Golden Grove’s production mix with even greater copper weighting,” said 29Metals CEO James Palmer.

“These findings build on decades of successful resource extension drilling at Golden Grove, which has extended the lives of the Gossan Hill and Scuddles mines since production began over 30 years ago. With today’s results and the potential for new mining fronts like Gossan Valley, we are optimistic about continuing this legacy of mine life extensions.”

Golden Grove remains a cornerstone of 29Metals’ strategy, with ongoing exploration and development bolstering its long-term production outlook.