C29 Metals Expands with Strategic Namibian Copper & Gold Acquisition
C29 Metals Limited (ASX: C29) has entered a binding agreement to acquire an 80% interest, with the option to increase to 90%, in a large-scale copper and gold portfolio in Namibia. The assets span approximately 1,074 km² across three project areas, offering district-scale exploration potential. The acquisition includes the advanced Kopermyn Copper Project in the Tier 1 Otavi Copper Belt, where prior drilling confirmed high-grade mineralisation and significant extension potential along strike and at depth.
The portfolio also includes early-stage gold projects within the prolific Damara Gold Belt, enhancing diversification and long-term upside. To support exploration and development, the company has secured AU$4.7 million through a placement backed by institutional investors. Permitting is progressing, with drilling expected to commence soon. Additionally, C29 has strengthened its technical team with the appointment of an experienced exploration manager, positioning the company to advance its newly acquired assets effectively.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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C29 Metals Expands with Strategic Namibian Copper & Gold Acquisition
C29 Metals Limited (ASX: C29) has entered a binding agreement to acquire an 80% interest, with the option to increase to 90%, in a large-scale copper and gold portfolio in Namibia. The assets span approximately 1,074 km² across three project areas, offering district-scale exploration potential. The acquisition includes the advanced Kopermyn Copper Project in the Tier 1 Otavi Copper Belt, where prior drilling confirmed high-grade mineralisation and significant extension potential along strike and at depth.
The portfolio also includes early-stage gold projects within the prolific Damara Gold Belt, enhancing diversification and long-term upside. To support exploration and development, the company has secured AU$4.7 million through a placement backed by institutional investors. Permitting is progressing, with drilling expected to commence soon. Additionally, C29 has strengthened its technical team with the appointment of an experienced exploration manager, positioning the company to advance its newly acquired assets effectively.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au