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C29 Metals Limited (ASX:C29)

ALERT: Price-sensitive ASX Announcement for C29
Current share price for C29 : $0.014 -0.018 (-56.25%)+
Announcement
Release
30 Apr 2026 9:48AM
Price at Release
$0.032
Full Release
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Summary
C29 Metals Limited (ASX: C29) has entered into a binding agreement with Cancun Gold Pty Ltd to acquire an 80% interest in a portfolio of copper and gold projects in Namibia, with an option to increase ownership to 90%. The acquisition includes the advanced Kopermyn Copper Project in the Otavi Copper Belt and early-stage gold projects in the Damara Gold Belt, covering a total area of approximately 1,074 km². The company plans to raise A$4.7 million through a placement to finance the projects. The acquisition is seen as a strategic move to capitalize on high copper and gold market prices, enhancing C29's portfolio with promising exploration opportunities in a mining-friendly jurisdiction.
Key Points
  • C29 Metals to acquire 80% interest in Namibian copper and gold projects.
  • Binding agreement with Cancun Gold Pty Ltd.
  • Projects located in Otavi Copper Belt and Damara Gold Belt.
  • Total project area covers approximately 1,074 km².
  • A$4.7 million to be raised through a share placement.
  • Strategic entry into high-value copper and gold markets.
  • Projects include the advanced Kopermyn Copper Project.
  • Namibian acquisition provides exploration upside.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.