Wednesday April 30, 2025
Volume 40 No. 14
$2 inc. GST
The Cobar Weekly Cobar remembers the fallen on Anzac Day Pg 2
Students honour the ANZAC legacy Pg 3
Psychs on Bikes returning to Cobar Pg 4
Aurelia announces new copper project
Aurelia Metals’ Board of Directors has prices, based on strong projected underlying purpose equipment, and capable workforce recently approved the development of the demand for this critical metal. with good operating practices that will deliver Great Cobar Project within the New Cobar “The compelling copper and gold grades of maximum shareholder value. Mine at their Peak Operation. Great Cobar will complement the very high- “I am very confident that the Great Cobar The $91 million Project, which will be fund- grade zinc and lead feed from our Federation orebody will continue to grow beyond what ed internally, is a substantially improved pro- Mine. we’ve modelled in this study. ject than the company’s earlier Prefeasibility “Both mined ores will be processed through “It has significant exploration potential that Study. our existing Peak Processing Plant. will only enhance the strong economics of the The Feasibility Study considers a larger pro- “By choosing to owner-operate the mine current project and is best tested from underduction target of 3.6Mt (3.2 per cent copper, development, we continue to support our com- ground once we have accessed the orebody,” 0.9g/t gold and 5g/t silver) over an initial eight mitment to building a suitable fleet of fit for Mr Quinn said. year mine life, with first ore projected in the 2028 financial year. A mining rate of 500ktpa from 2030 will be sequenced with existing New Cobar ore sources. The Project will leverage existing infrastructure at the Peak Operations, with the development of a twin decline from Jubilee to Great Cobar set to commence in July this year. The company believes the Great Cobar Project has excellent prospects to build on the copper resource through exploration drilling from underground once mine development is established to the orebody. Managing Director and Chief Executive Officer, Bryan Quinn commented on the outcomes of the Feasibility Study and the approval from the Aurelia Board of Directors. “Great Cobar and copper are the future of our Peak mines,” Mr Quinn said. “The transition to Great Cobar mine ores has been sequenced to optimise value from our Peak operation, with Great Cobar set to ramp up as the Peak (South) Mine ores are ramping down to keep our Peak processing facility at full capacity in line with our growth strategy,” Aurelia Metals is planning to go ahead with a new $91 million project to develop the Mr Quinn explained. “Great Cobar is scheduled to come into pro- Great Cobar Project within their New Cobar Mine at Peak. Pictured is the New Cobar duction in a period of forecast high copper open-pit. Photo contributed