Wednesday September 18, 2024
Volume 39 No. 34
$2 inc. GST
The Cobar Weekly Homes and businesses lose power Pg 2
Regional Australia Bank hands out cash Pg 3
$30m funding for Endeavor Mine Pg 5
Minister officially opens Federation Mine The Federation Mine near Nymagee was mine only discovered in 2019,” Mr Quinn said. growth potential in the Cobar Basin. officially opened last Wednesday by Minis- “The short turnaround is testament to the “Cash flow generated from Federation will ter for Natural Resources Courtney Hous- excellent collaboration of NSW government help to advance Aurelia’s next organic growth sos. agencies, the Aurelia team and strong support project, which is the Great Cobar deposit,” Mr Aurelia Metals’ Federation Mine is the from the community. Quinn said. state’s newest critical minerals and high-tech “It puts in place a strong foundation for the Aurelia employs 600 employees and contracmetals mine and over its projected initial eight future success of the Federation Mine and high tors across the Cobar region. year mine life will support more than 140 -quality jobs and opportunities in the region. “Aurelia has approximately 1,350 squareskilled jobs and provide a $143 million invest- “Federation is one of the highest-grade base kilometres of tenements between Federation to ment boost to the Far West. metals development projects in Australia and is Cobar.” In 2022, NSW Resources estimated the mine a key building block to unlock Aurelia’s Continued Page 4. would contribute $74 million in royalties over the initial project life. The company forecasts the mine will produce up to 600,000 tonnes each year, with a focus on high-grade zinc, gold, copper and lead. “Opening the Federation mine highlights the Minns Labor Government’s commitment to critical minerals and the valuable jobs the mining industry supports, including in the Far West,” Minister Houssos said. “Mining has a long and proud history in NSW, and opening the Federation mine today shows it also has a bright future. “The critical minerals and high-tech metals from mines across NSW will help build the products for a clean energy future. “With deposits of 21 of the 31 nationally identified critical and strategic minerals, NSW is well placed to be a global leader,” she said. “The Federation Mine will bring immediate employment and investment benefits to Cobar, but it will also support more jobs and investment through supply chains and towns right across the Far West.” Aurelia Metals CEO Bryan Quinn welcomed the Minister to the Federation Mine site last Minister for Natural Resources Courtney Houssos (at front fourth from right in orange week. hard hat) joined the Aurelia Metals team last Wednesday at Nymagee to officially open “It is remarkable to be opening a brand new the Federation Mine. Photo contributed