Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • FY25 production guidance achieved for gold, copper, zinc, and lead across all quarters.

  • Cash on hand reached AUD 110.0 million as of 30 June 2025, with total liquidity exceeding AUD 145 million.

  • Share price rose 2.5% to AUD 0.205 per share on 10 July 2025.

Aurelia Metals Limited (ASX:AMI) has confirmed it met its full-year FY25 production guidance across all commodities, supported by the continued ramp-up at the Federation mine and the transition of the Dargues operation toward closure. The company reported that its cash balance increased to AUD 110.0 million as of 30 June 2025, up from AUD 106.7 million in the March quarter.

The company’s production figures for FY25 included 45.4 koz of gold, 2.7 kt of copper, 16.8 kt of zinc, and 15.7 kt of lead. Each of these figures landed within the guidance ranges outlined at the beginning of the financial year.

Quarterly and Annual Performance

Gold production peaked in the March 2025 quarter at 16.6 koz, while zinc output rose to 7.5 kt in the June quarter, reflecting increased operational output from Federation. Cumulative production figures across the four quarters showed consistent delivery across all metals:

  • Gold: 45.4 koz (guidance: 40.0–50.0 koz)

  • Copper: 2.7 kt (guidance: 2.5–3.5 kt)

  • Zinc: 16.8 kt (guidance: 14.0–20.0 kt)

  • Lead: 15.7 kt (guidance: 13.0–19.0 kt)

The company noted that total liquidity now exceeds AUD 145 million, including the undrawn US$23.6 million Loan Note facility. Operating and capital expenditures are expected to remain within guidance, with a full breakdown to be released in the June 2025 Quarterly Activities Report on 21 July.

Strategic Developments and Outlook

Managing Director and CEO Bryan Quinn acknowledged the performance during the year, stating that production goals were met during a key transition period for the company. The ramp-up of operations at the Federation site was highlighted as a contributing factor, alongside the closure of Dargues.

Quinn also noted improved safety performance throughout the year and emphasized the company’s robust financial position. The cash reserves will support key development initiatives in FY26, including the Great Cobar Project, which commenced construction in July 2025.

Company Overview

Aurelia Metals operates three underground mines across its Peak and Federation operations in the Cobar Basin of western New South Wales. The company holds a strategic land position in the region and is actively advancing the Great Cobar Project, a high-grade copper development located near its existing Peak site.

Following the production update, Aurelia’s share price increased by 2.5% to AUD 0.205 per share in early trading on 10 July.