Quarterly Update and Outlook - December 2025

• Federation Mine ramp up ahead of plan
• Great Cobar and Peak Plant projects on schedule
• Robust balance sheet with significant cash flow from strong production

Aurelia Metals Ltd released its December 2025 quarterly update, highlighting several key achievements. The Federation Mine ramp-up remains ahead of plan, with ore mined 21% higher and operating costs in line with FY26 guidance. The Great Cobar and Peak Plant projects are also on schedule, with development of the Great Cobar Copper Project progressing well and various plant upgrades underway. The company's balance sheet remains robust, with operating cash flow maintaining strong liquidity. Exploration efforts at Nymagee have also delivered further success, with drilling confirming extensions at Nymagee North, the Metropolitan lens, and Nymagee Main. Looking ahead, Aurelia Metals' key focus areas include safely executing its plan towards ~40ktpa of copper equivalent production in FY28, continuing to fill the Peak plant to maximum capacity, ramping up Federation and extending its mine life, delivering Great Cobar project milestones ahead of plan, disciplined capital allocation, and progressing priority growth options.

Aurelia Metals provided the following forward-looking financial guidance for FY26: Gold production of 35-45koz, Copper production of 3.0-4.0kt, Zinc production of 24-32kt, Lead production of 14-22kt, Group Operating Costs of A$275-315M, Sustaining Capital of A$50-60M, Growth Capital of A$60-75M, and Exploration of A$13-18M.

Aurelia Metals is focused on safely executing its plan towards ~40ktpa of copper equivalent production in FY28, continuing to fill the Peak plant to maximum capacity, ramping up Federation and extending its mine life, delivering Great Cobar project milestones ahead of plan, and progressing priority growth options.