2025 MROR and Production Target Statement
| Stock | Aurelia Metals Ltd (AMI.ASX) |
|---|---|
| Release Time | 21 Oct 2025, 8:45 a.m. |
| Price Sensitive | Yes |
Aurelia Metals Ltd reports strong growth in mineral inventories
- Group Mineral Resource estimate increased 12% to 29 million tonnes
- Group Ore Reserve estimate increased 17% to 5.5 million tonnes
- Production Target of 8.6 million tonnes, reflecting an approximately 8-year life at an expanded processing rate
Aurelia Metals Limited (ASX: AMI) is pleased to report the Group's annual Mineral Resource and Ore Reserve Statement and updated Production Targets for its Peak and Federation mines. The Group Mineral Resource estimate increased 12% to 29 million tonnes, and the Group Ore Reserve estimate increased 17% to 5.5 million tonnes. The growth was driven primarily by new copper-dominant tonnes, strengthening the company's copper foundation and positioning it well in a commodity with strong and sustained global demand. The Group Production Target is 8.6 million tonnes, reflecting an approximately 8-year life at an expanded processing rate. The future of the Peak mine is copper, with the Copper Mineral Resource estimate increasing 19% to 19 million tonnes at 1.8% Cu and 0.7g/t Au, and the Copper Ore Reserve estimate increasing 50% to 3 million tonnes at 1.8% Cu and 1.6g/t Au. At the Federation mine, the Mineral Resource estimate reduced 8% to 4.4 million tonnes, and the Ore Reserve estimate reduced 8% to 2.2 million tonnes, due to mining depletion and drilling and model updates. However, the Federation deposit remains open in numerous directions with exploration ongoing. The Nymagee Mineral Resource estimate increased 70% to 3.9 million tonnes, and the Queen Bee Mineral Resource estimate increased 21% to 0.68 million tonnes.
FY26 production guidance and aspirational outlook for FY27 and FY28 unchanged (see ASX announcement dated 19 June 2025, 'FY26 Guidance and Outlook for FY27/28').
Aurelia remains committed to creating enduring value for shareholders by delivering low-risk, high-margin production that underpin sustainable profitability. The company will continue to invest in targeted drilling programs across the portfolio and improve through operational excellence to support further growth in Ore Reserves and Production Targets, particularly at Great Cobar and Federation.