Added to YB: 2026-08-31
Pitch date: 2026-08-28
29M.AX [neutral]
29Metals Limited
Author Info
No bio for this author
Company Info
29Metals Limited operates as a copper-focused base and precious metals mining company in Australia and Chile.
Market Cap
AUD 630.0M
Pitch Price
N/A
Price Target
0.60
Dividend
N/A
EV/EBITDA
7.86
P/E
-11.75
EV/Sales
1.13
Sector
Metals and Mining
Category
turnaround
Trade Updates - 29Metals Limited
29M.AX (hold): Holding after a roughly 40% sector-driven rerating, as operations remain on track and a near-term non-dilutive funding solution could move the shares closer to 60 cents. Lenders waived breached DSCR and NTLR covenants, while stronger copper, zinc and precious-metals prices have improved the negotiating position. The thesis remains unresolved, with group financing and environmental bonding facilities still requiring renegotiation.
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