ACG METALS LIMITED - H1 2026 Operations Update

ACG Metals Limited H1 2026 investor update highlighted the company’s transformation into a copper-focused producer, with commissioning underway at its flagship Gediktepe sulphide operation and first copper production targeted by the end of summer 2026. Management reaffirmed annual production guidance of 20,000–22,000 tonnes of copper equivalent and emphasised the long-term growth opportunity driven by robust global copper demand from AI, data centres, electric vehicles, defence and electrification. Operational performance remained strong, with oxide gold production exceeding full-year guidance, improved recovery rates through proprietary processing technology, and disciplined cost control supporting financial resilience. Construction of the sulphide flotation plant is nearing completion, while the enriched ore project continues to advance with major long-lead equipment secured at attractive prices, positioning the company to significantly expand production capacity. Management expects the transition to copper and zinc concentrate production to drive substantial cash generation, enabling rapid deleveraging following recent capital investment and supporting future refinancing of its existing bond facilities. The company also highlighted opportunities to commercialise its patented recovery technology, pursue value-accretive M&A, and potentially introduce shareholder returns once refinancing restrictions are removed. With a scalable asset base, strong project execution, improving operational performance and multiple near-term catalysts, ACG Metals believes it is well positioned to deliver sustained revenue growth, EBITDA expansion, stronger cash flow and long-term shareholder value as it evolves into a leading mid-tier copper producer.