Aurelia Metals reveals September quarter achievements

Aurelia Metals (ASX:AMI) has released its September 2024 quarterly update, highlighting significant progress in its operations. The company maintains a robust cash position, supporting growth and exploration. Key developments include the initiation of ore mining at the Federation project, its official opening, and the completion of the Cobar Basin Optimisation Scoping Study. Production and cost guidance remain on target, with continued emphasis on sustainability and safety.

Aurelia Metals' strategic focus and future outlook

Aurelia Metals' September 2024 quarterly update reflects strong operational and financial performance. The company continues to generate cash and maintain a solid liquidity position, with $103.2 million in cash and total liquidity around $139 million. Key highlights include significant progress at the Federation project, with the first stope ore mined and the mine officially opened. The Cobar Basin Optimisation Scoping Study aims to enhance value through capital-efficient expansions and improved processing. Aurelia's production and cost targets remain on track, with a focus on gold, copper, zinc, and lead outputs. The company is committed to sustainability and safety, reporting on injury frequency rates and environmental initiatives. Looking ahead, Aurelia plans to ramp up commercial production at Federation, progress Peak expansion and Great Cobar studies, and support growth by attracting talent to the Cobar Region. Exploration activities are set to continue, offering further growth potential.

Executive commentary on Aurelia Metals' quarterly performance

We are pleased with the progress made during the September quarter, particularly at the Federation project and with the completion of the Cobar Basin Optimisation Scoping Study. Our focus remains on safely delivering operating performance and advancing our strategic projects to enhance value and reduce costs.