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The latest announcement is out from Aurelia Metals ( (AU:AMI) ).
Aurelia Metals has announced the approval of two significant projects as part of its Cobar Basin Optimisation plan: the Tertiary Ball Mill Project and the Crushing and Materials Handling Expansion Project. These projects aim to increase the Peak Processing Plant’s capacity from 0.8Mtpa to 1.1-1.2Mtpa, allowing for the processing of all Federation Mine ore alongside Peak mined ores. With a combined capital investment of $16.4 million, the projects are set to enhance copper recovery and throughput efficiency, funded through operating cash flow and available liquidity. The expansion is expected to support Aurelia’s goal of delivering 40kt Cu Equivalent tonnes by FY28, positioning the company for improved operational performance and stakeholder value.
The most recent analyst rating on (AU:AMI) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Aurelia Metals stock, see the AU:AMI Stock Forecast page.
More about Aurelia Metals
Aurelia Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with the extraction and processing of metals, with a particular emphasis on copper and other valuable minerals. Its market focus includes optimizing processing capacities and enhancing recovery rates to improve operational efficiency.
Average Trading Volume: 8,139,879
Technical Sentiment Signal: Sell
Current Market Cap: A$304.7M
See more data about AMI stock on TipRanks’ Stock Analysis page.