Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
29metals Ltd. ( (AU:29M) ) has shared an update.
29Metals Limited announced significant results from its 2025 drilling program at Golden Grove, revealing high-grade copper, zinc, and gold intercepts. These findings suggest the potential for extending the mine life of existing deposits and improving mining economics through shared infrastructure. The results also indicate that the Ozion and Hougoumont Extended areas might form a single large mineralized system, enhancing future mining cost efficiencies. The drilling program, with an increased budget of $10 million to $14 million, underscores the company’s commitment to expanding its resource base and optimizing its mining operations.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.50 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 a company operating in the mining industry, focusing on the extraction and production of copper, zinc, and gold. The company is actively engaged in exploration and resource extension activities, particularly at its Golden Grove site, aiming to enhance its mineral resource base and extend mine life.
Average Trading Volume: 4,482,949
Technical Sentiment Signal: Buy
Current Market Cap: A$651.4M
See more data about 29M stock on TipRanks’ Stock Analysis page.