September Quarter Activities Report

On 23 October 2024, we announced our September quarter FY25 results to the market.

Highlights for the first quarter of the financial year included continued strong cash flow from the operations – including Peak delivering development metres and ore mined in line with guidance, Federation development ramping up with first stope mined, operations completed at Dargues and closure activities commencing, and the finalisation of the Cobar Region Optimisation Study.

Managing Director and Chief Executive Officer, Bryan Quinn spoke about the significant milestones achieved during the quarter and how they align with our long-term growth strategy to fill our mills with critical base metals that will power the future.

“This quarter, both Dargues and Peak continued to generate good cash to fund the growth, exploration and closure activities in the business. Our FY25 production and operating cost guidance remains unchanged, placing us in a strong position to ramp up production at Federation and capitalise on the strong and favourable market conditions for the commodities we produce,” Bryan said.

“We have progressed our optimisation study for the Cobar Region, with the decision to progress studies for the expansion of the Peak plant to 1.1-1.2Mt and extract maximum payabilities from the ore mined. This will allow us to provide significant incremental value uplift to the business while delay the restart of the Hera plant. This study also creates the opportunity for the Hera plant to use the 450kt capacity for other options both organically and/or in-organically.

“The Aurelia team is on track to deliver our guidance on production and costs and are setting the business up for the future,” Bryan concluded.

Visit the ‘Investor centre’ page to see the full report and presentation.