29Metals managing director & CEO transition announcement

29Metals Limited (ASX:29M) has announced a transition plan for the retirement of Managing Director & CEO, Peter Albert, on 30 April 2024. The Board and Peter have agreed on the transition plan following succession planning discussions in the context of charting the Company's path forward after the completion of the Capricorn Copper recovery plan and Peter's desire to move into the next phase of his career.

Executive commentary on managing director & CEO transition

The Board, together with Peter, felt now was the right time to commence the transition, with a new Managing Director & CEO to come in and take 29Metals forward. In parallel to our 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 our plans at Golden Grove. Peter's contribution cannot be understated - he led 29Metals through its formation and successful IPO, the unprecedented challenges of the pandemic and external market conditions over the past two years, and then the extreme weather event at Capricorn Copper this year. Peter's commitment and leadership throughout are greatly appreciated and acknowledged by the Board.

Summary of 29Metals managing director & CEO transition

29Metals Limited (ASX:29M) has initiated a transition plan for the retirement of Managing Director & CEO, Peter Albert, on 30 April 2024. The Board and Peter have agreed on the transition plan following succession planning discussions in the context of charting the Company's path forward after the 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, and the transition period announced today will facilitate that process and an orderly handover. The announcement reinforces the Company's focus on priorities such as the successful completion of the Capricorn Copper recovery, securing key regulatory approvals, and delivering plans at Golden Grove. The Board expressed appreciation for Peter's leadership and acknowledged his significant contribution to the Company. Peter Albert, the outgoing Managing Director & CEO, expressed confidence in 29Metals' future success and emphasized the focus on restoring the platform to take the Company forward to realize and build on its potential.