Aurelia Metals Announces New Occidental Tailings PFS and Ore Reserve
Key points
- Declared Mineral Resource Estimate of 2.6Mt @ 0.65g/t Au
- Ore Reserve Estimate of 2.3Mt @ 0.64g/t Au
- NPV8 $42M with IRR 258%
- Project expected to start production in FY28
- Significant environmental and rehabilitation benefits
Full summary
Aurelia Metals Limited (ASX: AMI) has announced the completion of a Prefeasibility Study (PFS) for the New Occidental Tailings Retreatment Project located at the Company's Peak Operation in central west New South Wales. The project involves reclaiming and retreating two gold-bearing, dry-stacked tailings stockpiles. The PFS defines an economically compelling opportunity with a Net Present Value (NPV8) of $42 million and an Internal Rate of Return (IRR) of 258%. The project will leverage the existing Peak processing plant and is expected to generate 32,000 ounces of additional saleable gold over 10 years. The project has been gated into the Feasibility Study stage with H1 FY27 planned for detailed engineering, capital estimation, and permitting. Execution is expected in H2 FY27, with production targeted for FY28.
Guidance
NPV8 $42M, IRR 258%, 32koz additional saleable gold over 10 years
Outlook
The project is expected to start production in FY28, with significant environmental and rehabilitation benefits.
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