29metals Ltd. (AU:29M) has released an update.
29Metals Limited faced significant challenges in 2023, including extreme weather impacting Capricorn Copper operations and subpar performance at Golden Grove due to production setbacks and increased costs. Despite these hurdles, the company achieved key milestones such as safety improvements, operational de-risking, and strengthening its balance sheet through a $151 million capital raise and a new $50 million offtake finance facility. Looking ahead, 29Metals is focused on recovery and has identified new mineralized zones promising for future growth.
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