Aurelia Metals Ltd (ASX:AMI) 2014 Annual Report
05.09.2014 | ABN Newswire
Sydney, Australia (ABN Newswire) - Aurelia Metals Ltd. (ASX:AMI) present the 2014 Annual Report. A brief summary review and results of operations follows.HERA-NYMAGEE PROJECT
The Hera-Nymagee Project represents Aurelia Metals' (AMI) flagship Project and consists of the Hera goldbase metal deposit (AMI 100%) and the Nymagee copper deposit (AMI 95%), and is located approximately 100km south-east of Cobar, hosted in the Cobar Basin rocks of central NSW. The Cobar Basin also hosts the major mineral deposits at CSA (Cu-Ag), The Peak (Cu-Au) and Endeavor (Cu-Pb-Zn-Ag).
Company activities for the period were dominated by development activities on the Hera Project and exploration activities at the Nymagee copper deposit and the Nymagee North prospect.
HERA PROJECT DEVELOPMENT
Hera Underground Development
The 12 months to June 2014 saw an intense company focus on the construction and development of the Hera gold-lead-zinc project. By 30 June 2014, the Hera project construction was substantially complete, with early stage process plant commissioning activities commenced and the Company well placed to deliver first production in the September quarter of 2014.
At the close of the year, the Hera underground mine was well established, including:
- A total underground lateral development of 4059, including;
- The establishment of ore drives on the 205, 235, 335 and 360 levels;
- Primary ventilation commissioned and three 4m vertical vent-shafts established and three sub-vertical 1.5m ladderways installed;
- A surface ore (ROM) stockpile of > 15,000 tonnes established.
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About Aurelia Metals Ltd:
Aurelia Metals Ltd. (ASX:AMI) is focused on the development and exploration of the high grade Hera-Nymagee Project in the Cobar district of NSW.
Aurelia is actively drilling the evolving copper deposit at Nymagee with the potential that the Nymagee mineralisation may evolve into another 'Cobar Giant' similar to the world class CSA copper deposit located approximately 100km north-west along strike.
Aurelia also remains active in the exploration for copper, gold and tin on a number of tenements in the Lachlan Fold Belt of NSW.
Source:
Aurelia Metals Ltd.
Contact:
Aurelia Metals Ltd.
T: +61-2-6363-5200
F: +61-2-6361-4711
E: office@aureliametals.com
WWW: www.aureliametals.com