29Metals Limited announced a transition plan that will see Managing Director & CEO, Peter Albert, retire from the role on 30 April 2024. The transition plan agreed by the Board and Peter follows succession planning discussions in the context of charting the Company's path forward after completion of the Capricorn Copper recovery plan and Peter's desire to move into the next phase of his career. An executive search has commenced for the next Managing Director & CEO of 29Metals.

The transition period announced will facilitate that process and an orderly handover. In parallel to search for the new Managing Director & CEO, Peter will continue to lead the Company during the transition period, with the full support of the Board and the team at 29Metals, focusing on the successful completion of the Capricorn Copper recovery, securing key regulatory approvals and delivering plans at Golden Grove.