#London #UK #ACG Metals #Copper Production #Gediktepe

ACG Metals Limited Enhances Gediktepe Project Value

ACG Metals Limited, listed on the London Stock Exchange under the symbol ACG, has announced a notable increase in the net present value (NPV) for its Gediktepe project. The newly reported NPV8 stands at approximately $1.2 billion, a significant rise from the previous $265 million outlined in the 2024 Competent Person’s Report (CPR). This report, prepared by SRK Consulting (UK), reflects the company's sustained investments and operational advancements at the Gediktepe mine.

Key Highlights from the Updated CPR

The 2026 CPR focuses on the enhancements in mineral resources and ore reserves, indicating positive trends in copper and zinc production estimates:

• - Increased NPV: The updated NPV8 has grown dramatically, showcasing the effectiveness of the recent technical work and planning strategies.
• - Production Growth: ACG anticipates a 60% increase in average annual production to approximately 36,000 tonnes of copper equivalent (CuEq) between 2027 and 2031.
• - Revised Production Guidance: Full-year 2026 guidance has been adjusted to approximately 12,000 to 14,000 tonnes of CuEq, with a focus on safe and efficient long-term production strategies through a phased ramp-up process.

Following significant operational improvements and investments, the Gediktepe mine has transitioned into a robust copper-producing entity with complementary streams in precious metals and zinc. ACG’s CEO, Artem Volynets, emphasized the transformation of Gediktepe from a short-life gold operation to a comprehensive copper-focused enterprise.

Enhanced Resource Estimates

The latest CPR reveals that:

• - Resource Tonnage: Total ore reserves have increased by about 43%, now at 26.5 million tonnes compared to 18.5 million tonnes in the previous estimate.
• - Metal Increases: The in-situ ore reserves now contain 176,000 tonnes of copper, 381,000 tonnes of zinc, 535,000 ounces of gold, and 20 million ounces of silver, marking substantial increases from earlier estimates.

These enhancements in resource estimates and production capabilities have substantially elevated the project’s valuation, laying a solid foundation for future profitability and scalability.

Future Production Outlook

A notable component of ACG's strategy is the enriched ore treatment project, which is projected to add around 84,000 tonnes of CuEq to the mine's production profile, further boosting its economic viability. Scheduled to commence production in the third quarter of 2027, this initiative signals ACG's proactive approach to maximizing revenue from various resource streams.

Additionally, advancements in heap-leach gold recovery processes have allowed ACG to extend production beyond 2026, bolstered by patented recovery technology that enhances gold recovery rates significantly.

ACG’s Commitment and Next Steps

Going forward, ACG Metals aims to maintain disciplined execution of its operational plans, ensuring that it meets production objectives while maximizing cash flows from the Gediktepe mine. The company is set to hold a live presentation via Investor Meet Company on September 22, 2026, to discuss the report and future strategies.

In summary, ACG Metals Limited’s strategic measures at the Gediktepe project showcase a commitment to improving operational excellence and driving sustainable growth in the copper mining sector. The company remains focused on leveraging its enhanced resource base to establish itself as a leading copper producer in the industry.