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Home Companies29METALS Ltd

29METALS Ltd

Basic Materials Other Precious Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.245 AUD -0.01 ( 2.00%)
Last update at 2026-11-06T05:13:00Z
VOLUME
4636419
Market Cap
437.52M

Momentum Score

…

29Metals Limited operates as a copper-focused base and precious metals mining company in Australia and Chile. The company explores copper, gold, silver, zinc, and lead deposits. It is also involved in base and precious metals mining, mineral production, and associated activities; exploration for mineral resources; and Cervantes, and Gossan Valley projects. Its primary assets include the Golden Grove property covering an area of approximately 129 square kilometers located in Western Australia; the Capricorn Copper property covering an area of approximately 1,900 square kilometers situated in Queensland; and Redhill property covering an area of approximately 227 square kilometers. 29Metals Limited was incorporated in 2021 and is headquartered in Melbourne, Australia.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.23
Low
0.25
High
52 Week Price Range
0.21
Low
0.68
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

29METALS Ltd is an Australian-listed company that appears to focus on base metals exploration and production, though detailed asset and operational disclosures were limited in the sources available to me. Long-term drivers may include commodity prices, exploration success and mine-life extensions, which could support cash flow upside and appeal to investors seeking exposure to base-metals fundamentals.
Material risks include commodity-price volatility, operational and execution risks inherent to mining, and limited public disclosure that makes assessment of reserves, production profile and financial strength more uncertain.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.25
Dividend Yield
-
Revenue TTM
600.48M
Revenue Per Share
0.39
Gross Profit TTM
70.48M
Debt / Equity
0.62
ROE
-9.10%
Net Debt
174.94M
ROCE
-2.05%
Diluted EPS TTM
-0.03

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 24.17M -177.61M -382.39M -65.82M 17.78M
Net income 24.17M -177.61M -440.46M -47.22M 121.01M
Selling general administrative - 33.23M 34.29M 33.47M 18.63M
Selling and marketing expenses - - 105.54M - -
Gross profit 59.75M -11.56M -99.22M 186.20M 229.85M
Reconciled depreciation - 128.64M 119.66M 189.40M 100.12M
Ebit -17.16M -63.41M -355.38M -46.97M 46.88M
Ebitda 110.67M 42.24M -230.93M 142.43M 147.00M
Depreciation and amortization 127.83M 105.66M 124.46M 189.40M 100.12M
Operating income -17.16M -146.79M -142.08M -46.97M 46.88M
Other operating expenses 583.46M 697.86M 802.80M 750.68M 501.97M
Interest expense 22.45M 29.86M 27.01M 18.84M 29.10M
Tax provision - 0.00M 58.07M -18.59M -103.24M
Interest income - 3.38M 5.23M 1.39M 0.09M
Net interest income - -30.82M -29.34M -19.17M -30.26M
Income tax expense - - 58.07M -18.59M -103.24M
Total revenue 566.29M 551.06M 449.75M 714.01M 593.85M
Total operating expenses 76.92M 135.23M 42.86M 222.87M 137.97M
Cost of revenue 506.54M 562.62M 548.47M 527.81M 364.00M
Total other income expense net 41.33M -30.82M -240.31M -18.84M -29.10M
Net income from continuing ops - -177.61M -440.46M -47.22M 121.01M
Net income applicable to common shares - -177.61M -440.46M -47.22M 121.01M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1041.69M 1038.08M 1169.58M 1292.97M 1315.18M
Intangible assets - 0.03M 0.08M 0.12M 0.17M
Other current assets 9.94M 14.63M 21.46M 9.39M 1.83M
Total liab 595.63M 618.79M 747.24M 577.28M 545.64M
Total stockholder equity 446.06M 419.28M 422.34M 715.69M 769.54M
Other current liab 102.34M 107.90M 128.32M 113.21M 132.47M
Common stock 971.96M 969.01M 795.50M 648.46M 646.63M
Capital stock - - 795.50M 648.46M 646.63M
Retained earnings -529.74M -553.91M -376.30M 64.16M 121.01M
Other liab - - - 141.76M 155.71M
Other assets - - - 62.66M 45.29M
Cash 102.65M 252.35M 161.86M 171.96M 197.47M
Total current liabilities 206.09M 269.50M 260.51M 223.75M 200.07M
Net debt 174.94M 63.01M 109.47M 93.51M 35.57M
Short term debt 73.87M 129.72M 119.99M 53.71M 43.19M
Short long term debt - - 99.84M 33.74M 15.45M
Short long term debt total 277.59M 315.36M 271.33M 265.48M 233.04M
Other stockholder equity - 0.00M 0.00M -0.24M 1.89M
Property plant equipment - - - 885.23M 917.88M
Total current assets 262.08M 358.05M 306.66M 344.96M 351.84M
Net tangible assets - - - 715.57M 769.37M
Short term investments - 13.80M 12.50M 12.50M 12.68M
Net receivables 49.81M 7.02M 28.08M 51.63M 40.19M
Long term debt - - 117.38M 164.62M 186.16M
Inventory 99.68M 70.25M 95.26M 99.48M 76.12M
Accounts payable 29.88M 31.88M 12.20M 56.84M 24.42M
Accumulated other comprehensive income 3.84M 4.17M 3.14M 3.06M 1.89M
Non currrent assets other 37.20M 2.54M 34.55M 4.59M 5.30M
Non current assets total 779.61M 680.03M 862.92M 948.02M 963.34M
Capital lease obligations - - 54.12M 67.12M 31.43M
Long term debt total - - - 211.77M 189.86M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -116.30M -84.94M -113.61M -92.55M
Change to liabilities - - - 19.82M -112.39M
Total cashflows from investing activities -86.14M -116.30M -84.94M -113.61M -92.55M
Net borrowings - 20.61M 8.75M -50.92M -108.26M
Total cash from financing activities -101.68M 145.59M 112.74M -72.40M 101.88M
Change to operating activities - - - 6.62M -4.09M
Net income 24.17M -177.61M -440.46M -47.22M 121.01M
Change in cash -149.70M 90.49M -10.10M -25.51M 90.26M
Begin period cash flow 252.35M 161.86M 171.96M 197.47M 107.22M
End period cash flow 102.65M 252.35M 161.86M 171.96M 197.47M
Total cash from operating activities 40.80M 59.24M -36.52M 142.18M 75.10M
Issuance of capital stock - 180.00M 151.20M - 245.00M
Depreciation 127.83M 133.89M 124.46M 189.40M 100.12M
Other cashflows from investing activities 37.50M -42.44M -36.00M 0.00M 5.07M
Dividends paid - - 5.15M 9.63M 4.84M
Change to inventory -29.43M 26.82M 1.88M -23.36M -25.86M
Change to account receivables -22.81M 13.57M 23.55M -11.44M -10.77M
Sale purchase of stock - -7.95M -5.15M 0.00M -17.34M
Other cashflows from financing activities -29.83M -47.08M -42.06M -43.89M -39.39M
Change to netincome - - - 6.36M 24.10M
Capital expenditures 116.78M 116.30M 84.94M 113.61M 97.61M
Change in working capital -70.52M 39.44M 57.32M -4.49M -23.10M
Stock based compensation - 1.92M 1.94M - -
Other non cash items -40.68M 61.59M 220.22M -142.18M -221.14M
Free cash flow -75.97M -57.06M -121.47M 28.57M -22.52M

Peer Comparison*

Sector: Basic Materials Industry: Other Precious Metals & Mining

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
29M
29METALS Ltd		 -0.01
2.00%		 0.24 - 5.88 0.73 0.72 0.76 4.82
MI6
Minerals 260 Ltd		 -0.07
8.54%		 0.75 20.50 - - 4.93 - -0.63
ZIM
Zimplats Holdings Ltd		 0.05
0.35%		 14.19 3.73 8.90 1.17 0.47 0.74 1.78
FRS
Forrestania Resources Ltd		 0.01
1.59%		 0.32 - - 192.74 2.63 1125.61 -2.61
A1M
Aic Mines Ltd		 -0.03
4.55%		 0.63 12.70 - 2.07 1.43 2.07 3.28

Profile*

29METALS Ltd

29Metals Limited operates as a copper-focused base and precious metals mining company in Australia and Chile. The company explores copper, gold, silver, zinc, and lead deposits. It is also involved in base and precious metals mining, mineral production, and associated activities; exploration for mineral resources; and Cervantes, and Gossan Valley projects. Its primary assets include the Golden Grove property covering an area of approximately 129 square kilometers located in Western Australia; the Capricorn Copper property covering an area of approximately 1,900 square kilometers situated in Queensland; and Redhill property covering an area of approximately 227 square kilometers. 29Metals Limited was incorporated in 2021 and is headquartered in Melbourne, Australia.

North Tower, Melbourne, VIC, Australia, 3000

61 3 7037 5300

https://www.29metals.com

Name Title Year Born
Mr. Peter Geoffrey Albert B.Sc., M.A.I.C.D., BSc (Hons), EMBA, FAusIMM, MIOM MD, CEO & Exec. Director 1958
Mr. Peter Herbert B.Com., C.A. Chief Financial Officer NA
Mr. Ed Cooney B.E., M.B.A. Chief Operating Officer NA
Mr. Clifford R. Tuck BScApp, L.L.B., llB (hons) Chief Governance & Legal Officer and Company Sec. 1976
Mr. Michael Slifirski Group Mang. of Investor Relations NA
Mr. Mark van Heerden Group Mang. of Geology NA
Mr. Walter Muehlebach CEO of Redhill NA
Grace Fong Group Financial Controller NA
Mr. Peter Geoffrey Albert B.Sc., BSc (Hons), CEng, EMBA, FAusIMM, M.A.I.C.D. MD, CEO & Executive Director 1958
Mr. Clifford R. Tuck BScApp, L.L.B., llB (hons) Chief Governance & Legal Officer and Company Secretary 1976

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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