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Aurelia Metals ( (AU:AMI) ) has issued an announcement.
Aurelia Metals has completed its first underground exploration drilling campaign at the Federation Mine in western New South Wales, significantly extending known high-grade mineralisation at the Federation West zone. The program also identified new mineralised zones, including the Harley Lens to the northwest, and recorded intersections of high-grade ore within metres of existing workings.
Management said drilling from underground has immediately improved exploration efficiency and delivered results that could add near-term ore feed outside the current mine plan. The discovery of the Harley Lens and additional high-grade material close to current development underscores the evolving scale of the Federation system and suggests further resource growth potential as underground work advances.
The most recent analyst rating on (AU:AMI) stock is a Buy with a A$0.44 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 is an Australian mining company focused on polymetallic underground operations, with a portfolio that includes the Federation Mine in western New South Wales. The company targets high-grade zinc, lead, copper, gold and silver deposits in the Nymagee District, aiming to expand its resource base through ongoing regional exploration programs.
Average Trading Volume: 6,090,649
Technical Sentiment Signal: Buy
Current Market Cap: A$448.8M
For an in-depth examination of AMI stock, go to TipRanks’ Overview page.