Aurelia Metals (ASX: $AMI) Federation Project Update

Aurelia Metals Limited (ASX: $AMI) provides an update on the Federation Project, reporting that wet weather conditions have led to a temporary pause in underground development. The company's code on the ASX is AMI.

Executive Commentary on Project Progress

Despite the short-term water challenges, the Federation Project team is focused on completing the construction of a new water management dam and surface earthworks in preparation for first stope ore. The priority for underground mining will be horizontal development towards first stope ore and ongoing decline development. The ability to manage these short-term weather challenges flexibly and safely, while continuing to advance project delivery, is a credit to the Federation Project, broader Aurelia team, and its contract partners.

Summary of Federation Project Update

Aurelia Metals Limited (ASX: $AMI) has provided an update on the Federation Project, highlighting the impact of wet weather conditions on underground development. The company is working on solutions to address the challenges and remains committed to advancing the project within the approved capital cost. The construction of a new water management dam and surface earthworks are underway in preparation for first stope ore. Despite the temporary setbacks, the company aims to continue progressing the project delivery and managing the weather challenges effectively and safely.