AMI: Completion of Placement and Institutional Entitlement Offer

AURELIA METALS LIMITED

• Aurelia Metals successfully completes a fully underwritten institutional placement and Institutional Entitlement Offer, raising A$24M.
• With anticipated retail component expected to raise A$16M, the total equity raising will be A$40M.
• Aurelia secures A$100M funding solution for Federation Base Metals Project with Trafigura, including a US$24M Loan Note Advance Facility and A$65M Environmental Bond Facility.

2023-06-01 09:30:00

AMI: Aurelia appoints Managing Director & CEO

AURELIA METALS LIMITED

• Aurelia Metals Limited has appointed Bryan Quinn as Managing Director and CEO, starting on 6 June 2023.
• Quinn has previously worked with OZ Minerals and BHP, holding various senior executive and operational roles.
• With Quinn's appointment, Aurelia intends to enhance business improvement, operational excellence, and project delivery while optimizing its existing assets.

2023-05-31 09:22:00

AMI: Federation Financing and Equity Raise

AURELIA METALS LIMITED

• Aurelia Metals has secured a funding solution of around A$100M in new senior secured financing facilities and a A$40M fully underwritten equity raising for the Federation Base Metals Project.
• The new capital structure allows for the restart of development of Federation, with remobilization of the mining contractor commencing in the June Quarter 2023.
• The funding solution consists of a US$24M Loan Note Advance Facility, an A$65M Environmental Bond Facility, and a concentrate offtake agreement with Trafigura, which will also be granted 120M warrants over Aurelia shares.

2023-05-31 08:55:00

AMI: Federation Project Update

AURELIA METALS LIMITED

• Refinements to the Federation Mine Feasibility Study have mitigated cost escalation and positively impacted the project's valuation.
• Improvements in mine planning, ore flows, capital scope, and leveraging assets from the nearby Hera operation contributed to the progress.
• The updated project has a lower capital expenditure (A$76M to first production stope ore), optimized mine design, and a Net Present Value (NPV7) of A$354M at spot prices.

2023-04-13 08:24:00

AMI: Federation Funding and Project Update

AURELIA METALS LIMITED

• Aurelia Metals Limited has made progress on securing a new credit facility for funding the Federation Mine project, with commercial terms largely agreed.
• The existing banking syndicate has waived financial undertaking tests for Aurelia's current facilities at 31 March 2023.
• An updated design, scope, and capital cost estimate for the Federation Mine is nearing completion, and a project update will be released in April.

2023-03-31 08:17:00

AMI: Exploration Update - Cobar District

AURELIA METALS LIMITED

• Aurelia Metals Limited has reported high grade copper and gold results from exploration drilling in the Cobar District
• The drilling at the Chesney East, Burrabungie, and Queen Bee prospects has the potential to extend the life of the Peak operation
• Significant drill results affirm the Company's view that it holds one of the most prospective ground positions in the region

2023-03-20 09:54:00

AMI: Federation Project Receives Development Consent

AURELIA METALS LIMITED

• Aurelia Metals Limited (ASX: AMI) has received Development Consent from the New South Wales Department of Planning and Environment to develop the high-grade polymetallic Federation Mine.
• The project will extract high-grade zinc and lead, as well as copper, gold and silver ore with a production capacity of 600 thousand tonnes per annum.
• The mine is expected to produce 140 skilled jobs over its lifetime and provide metals essential for the manufacture of renewable technologies.

2023-03-02 17:03:00

AMI: Survey Results

AURELIA METALS LIMITED

1. Aurelia Metals Limited is pleased to share promising results from four Induced Polarisation (IP) surveys in the Nymagee District.
2. All four prospects tested – Lancelot, Vaucluse, Piney and Lyell-Burge Trig – contain high chargeability levels, including 90 millivolts per volt (mV/V) at Lancelot, where levels of 10-15 mV/V typically warrant drill testing.
3. The results at Lancelot are especially intriguing and have significantly upgraded its mineralprospectivity and advanced the prospect through Aurelia’s exploration pipeline.

2023-01-18 10:18:00