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Aurelia Metals Limited ( (AU:AMI) ) has shared an announcement.
Aurelia Metals Limited announced that the NSW Department of Planning, Housing and Infrastructure has approved a modification to the Federation Mine development consent, increasing the ore haulage capacity to the Peak processing plant from 200,000 to 600,000 tonnes per annum. This approval is a significant step in Aurelia’s growth strategy, allowing the company to optimize its Cobar Basin operations by processing all mined ore at Peak, thereby enhancing value and operational efficiency.
More about Aurelia Metals Limited
Aurelia Metals Limited is an Australian mining and exploration company with a strategic presence in the Cobar Basin in western New South Wales. The company operates three underground base metal mines at its Peak and Federation operations and is advancing the Great Cobar Project, a high-grade copper development at Peak.
YTD Price Performance: 36.00%
Average Trading Volume: 30,000
Technical Sentiment Signal: Sell
Current Market Cap: $266.4M
Learn more about AMI stock on TipRanks’ Stock Analysis page.