Aurelia Metals

Financials:

Primary ticker: ASX: AMI
Stage of development: Exploration, Development, Production
Primary minerals: Gold, Lead, Zinc, Copper
Project to promote: Federation [Hera Mine] and Great Cobar [Peak Gold Mines]
Project location: Australia
Website: www.aureliametals.com.au

Aurelia Metals Limited (ASX: AMI) is an Australian mining and exploration company with a highly strategic landholding and three operating gold mines in New South Wales. The Peak and Hera Mines are located in the Cobar Basin in western NSW, and the Dargues Mine is in south-eastern NSW.

The Company has enviable portfolio of organic growth prospects in the region. Aurelia’s ‘copper ready’ strategy is being realised through the Great Cobar Project at a time when the commodity has attractive long-term fundamentals. In addition, the Federation Project (Pb, Zn and Au) is one of the highest grade discoveries in the Country – with the Company setting pace to bring this Tier 1 asset into production.

These two exemplar Projects present significant value catalysts for our shareholders.


Cash:
AUD$76.7M

Debt: AUD$19.1M

Major Shareholders:
Platypus Asset Management – 6.7%
Mitsubishi UFJ – 5.3%
Van Eck Associates Corporation – 5.0%
Dimensional Fund Advisors – 4.81%
Vanguard – 4.45%
Management Ownership – 0.31%

 

Management Profile

Mr Dan Clifford – Managing Director and CEO

Mr Clifford joined Aurelia Metals as Managing Director and CEO in November 2019.

Mr Clifford is a Mining Engineer with more than 25 years of experience across the industry. He was most recently the Managing Director and CEO of Stanmore Coal Limited (ASX: SMR) (Stanmore), a role he held from November 2016 to October 2019. During his tenure there, Stanmore saw significant growth in both output and profitability at its flagship Isaac Plains metallurgical coal mine in Queensland. This dynamic was reflected in Stanmore’s strong share price performance over this period.

Prior to this, Mr Clifford was CEO of Solid Energy New Zealand Limited from March 2014 to November 2016. He guided the company through a period of significant financial pressure and challenging market conditions, including leading an asset sales program. Mr Clifford has also held senior technical and operational positions for Glencore plc, Anglo American plc and BHP Group Limited.

What is your rationale for taking part 121 Mining Investment?

Marketing the Company

What recent news would you like to highlight to investors attending?

Federation Feasibility Study and maiden Ore Reserve – end August

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Release outcomes of the Federation Feasibility Study and maiden Ore Reserve, FY22 Financial Results and FY23 Guidance, 2022 Mineral Resource and Ore Reserve Update. Commence exploration decline at Federation.

6 Months:
HY23 Financial Results.

12 Months:

Development Consent for the Federation Project.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Labour shortages, as well as increase in labour, capital and operating costs as a result of inflation. We will mitigate this by optimising our assets, applying financial discipline and ensuring prudent deployment of capital.

What do you think makes your company such a compelling investment?

The sheer value of our underground and processing infrastructure in the Cobar Basin gives our business substantial flexibility in our development and operational plans.

We are dominant in Au – the safe haven metal in tough economic times. While growing Zn and Cu production provides our shareholders with exposure to low carbon metals experiencing record demand and prices.

Aurelia holds one of the most geographically prospective ground positions in Australia and has the expertise and capability to discover and convert this endowment to unlock exceptional value.

Aurelia’s time from discovery to development is unmatched in New South Wales and has been demonstrated by the Federation Project – a leading example of accelerated mine development.

Our efforts in exploration have delivered two transformational projects that will become the backbone of our business representing a strong future and significant value. Federation and Great Cobar will transform our Hera and Peak Mines into long life, high grade assets.

With Development Consent already received for Great Cobar, and Federation in final stages of consenting – these stunning projects are almost completely de-risked and present strong returns less than two years away.

What are the top 3 key investor takeaways?

  1. Cash flow generating assets
  2. High value project
  3. Execution underway