Aurelia Metals Ltd (ASX:AMI) Hera Mine Opening and First Concentrate Shipment
27.11.2014 | ABN Newswire
Sydney, Australia (ABN Newswire) - Aurelia Metals Ltd. (ASX:AMI) ("Company") is very pleased to announce that the Hera gold-zinc-lead mine was formally opened yesterday by the NSW Minister for Resources and Energy, Mr Anthony Roberts MP and Mr Kevin Humphries MP, Member for Barwon. The opening was attended by Aurelia employees, Directors, shareholders, project partners and members of Nymagee community. In his address to the attendees, Mr Anthony Wehby, Chairman of Aurelia Metals commented, "We are delighted to be opening of Stage one of the Hera-Nymagee Project today. Hera reflects the aspirations, sweat and financial investment of a great many people and it is a privilege to be part of this occasion"
FIRST CONCENTRATE SHIPMENT COMPLETED ON SCHEDULE
AMI completed the first shipment of 5,734 tonnes of zinc-lead concentrate from the Hera Mine, on the 25th November. The shipment is on schedule and above specifications grading 56% Pb+Zn. The concentrate will be sold to Aurelia's offtake partner Glencore. The Company is scheduled to be shipping concentrate approximately every 6 weeks.
Aurelia Metals Managing Director Rimas Kairaitis commented, "We are very pleased with our maiden concentrate shipment which represents another important milestone for the Hera Project. "
ABOUT THE HERA-NYMAGEE PROJECT
The Hera-Nymagee Project represents Aurelia's flagship Project and consists of the high-grade underground Hera gold-lead-zinc-silver mine (Aurelia 100%) and the Nymagee copper deposit (Aurelia 95%), and is located approximately 100km south-east of Cobar, in central NSW. The deposits are hosted in the Cobar Basin, which also host the major mineral deposits at CSA (Cu-Ag), The Peak (Cu-Au) and Endeavor (Cu-Pb-Zn-Ag).
Aurelia is now in final plant commissioning stages of the Hera project with first production commenced in the September quarter 2014. The Hera Mine produces gold and silver doré bars by gravity and concentrate leach and also produces a high-grade bulk-lead-zinc concentrate for sale.
Aurelia Metal is the only junior gold-lead-zinc producer listed on the Australian Securities Exchange (ASX:AMI).
The Company is also currently evaluating the Nymagee copper deposit, located 4.5km to the north, with a view to demonstrating an integrated development of the Hera and Nymagee deposits.
Aurelia maintains a commitment to the ongoing exploration of the Hera-Nymagee Project and considers both deposits have the potential to evolve into very large "Cobar style' mineral systems.
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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