Quarterly Update and Outlook - September 2025
| Stock | Aurelia Metals Ltd (AMI.ASX) |
|---|---|
| Release Time | 21 Oct 2025, 8:57 a.m. |
| Price Sensitive | Yes |
Aurelia Metals delivers strong quarterly results
- Federation mining ahead of FY26 ramp up plan
- Great Cobar project delivering to plan
- Growth in Group Mineral Resources and Ore Reserves
- Strong start to year for production and costs
Aurelia Metals Ltd has reported a strong September 2025 quarter, with production and costs in line with guidance. The company's Federation mine is mining ahead of schedule, with ore mined 19% higher than planned. The Great Cobar project is also progressing well, with 448 metres of mine development completed in line with the plan. Aurelia has also reported growth in its Group Mineral Resources and Ore Reserves, with the Peak Copper Mineral Resource increasing by 19% and the Peak Copper Ore Reserve increasing by 50%. The company has also made new high-grade discoveries at its Nymagee project. Aurelia's balance sheet remains strong, with $88.1 million in cash and total liquidity of $124 million. The company's key focus areas include developing copper growth options, improving productivity, safely ramping up Federation, delivering the Great Cobar project, and maintaining a disciplined capital allocation approach.
Aurelia Metals has provided the following guidance for FY26: - Gold production: 35,000 - 45,000 oz - Copper production: 3,000 - 4,000 t - Zinc production: 24,000 - 32,000 t - Lead production: 14,000 - 22,000 t - Group Operating Costs: $275 - $315 million - Sustaining Capital: $50 - $60 million - Growth Capital: $60 - $75 million - Exploration: $13 - $18 million
Aurelia Metals is focused on developing copper growth options towards 40ktpa of copper equivalent production in FY28, improving productivity and maximizing cash generation, safely ramping up the Federation mine and extending its mine life, delivering the Great Cobar project milestones, maintaining a disciplined capital allocation approach, and focusing on a pipeline of low-cost growth options.