Investor centre

Welcome to the Aurelia Metals Investor Centre

Information for current and future Aurelia Metals (AMI) investors.

Aurelia Metals is a company with compelling near-term base metals growth. Our assets in the Cobar Basin reweight our business towards metals with a precious metals hedge. Our Federation Project is one of the greatest discoveries in recent decades in the Cobar Basin. Following the development of Federation, our Great Cobar Project will provide further growth through high-grade copper production. Beyond our projects, we have a track record of growth in our Resources and Reserves fuelled by a history of high-grade discoveries.

Share price performance
Aurelia Metals Limited

(ASX:AMI)

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Metal prices reported in A$/lb except for Gold in A$/ounce. Last updated – mins ago by Yahoo Finance API and metals-api.
Company Reporting

Compelling near-term base metals growth

Aurelia Metals investment highlights

  • Polymetallic, minerals rich asset base with a leading position in the underexplored Cobar Basin.
  • Two producing mines in the region, and two transformational near-term development assets.
  • Over 27Mt of Resources in the Cobar Basin and 1.25Mtpa of processing capacity across two 100% owned processing plants.
  • Third producing mine in southern NSW.
  • Feasibility Study confirms strong technical and economic case – NPV of A$415m4 and 71% IRR based on spot prices**
  • Production fast-tracked from 2.5 years of drilling delivering Feasibility Study initial Production Target of 4Mt.
  • Federation is one of the highest-grade base metals projects in Australia, with a ZnEq grade of 16.7%***
  • Feasibility Study incorporates Federation drilling results as at February 2022 and so does not include likely benefits from exceptional Federation exploration results reported to ASX over recent months.
  • Current 5Mt Resource base open in multiple directions and expected to grow with underground and surface drilling.
  • Material EBITDA from Federation expected with ~A$126Mpa under Feasibility Study assumptions at steady state production based on spot prices**.
  • Contribution to earnings as soon as next financial year (FY24).
  • Prioritises high Net Smelter Return (NSR) production and expected to reduce Aurelia’s average cost per tonne.
  • Ore to be processed at both Peak and Hera plants, de-risking development.
  • Copper Mineral Resource has grown 45% since FY21 to 7.7Mt at 2.3% Cu and 0.7g/t Au.
  • Future development would transition Aurelia’s revenue mix to include a material share of copper.
  • Great Cobar remains open up-dip and at-depth with further upside potential.
  • PFS NPV of A$65m based on spot prices, with ore to be processed at the nearby Peak plant**
  • Track-record of progressing orebodies from discovery to development in NSW.
  • 8 years of continuous metal equivalent production growth.
  • Continuous Reserves replacement demonstrating track record.

*Refer to ASX release 10 October 2002, “Federation Mine Feasibility Study” and Footnote 1 on page 9 of this Presentation, for further details.
** Spot prices as at 5 August 2022 with Zinc = A$5,039/t, Copper= A$11,023/t, Lead = A$2,834/t, Gold = A$2,571/oz and Silver = A$29/oz. NPV figure is shown on a pre-tax and ungeared basis.
*** The zinc equivalent (ZnEq) grades have been calculated using Ore Reserve price assumption estimates with Zinc = US$2,500/t, Copper = US$6,800/t, Lead = US$1,975/t, Gold = US$1,450/oz and Silver = US$19/oz.
**** Valuation assumes exploration decline is completed in FY23.