Federation base and precious metals project, Australia
Name of the Project
Federation base and precious metals project.
Location
Central New South Wales, in Australia.
Project Owner/s
Hera Resources, a wholly owned subsidiary of Aurelia Metals.
Project Description
The project is one of the highest-grade base metals development projects in Australia.
A feasibility study completed in October 2022 has proposed the development of a zinc/lead/copper/gold/silver underground longhole stoping operation with rock-and-paste backfill.
The mine has a proposed production target of four-million tonnes at 8.6% zinc, 5.1% lead, 1 g/t of gold, 6 g/t silver and 0.3% copper.
The operation has an estimated life-of-mine of eight years, with a 600 000 t/y maximum mining rate, and opportunities for multiyear extensions.
The project will leverage Peak and Hera processing facilities and aims to maintain the flexibility to process ores from various mines to prioritise high-feed resources.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a net present value (consensus case), at a 7% discount rate, of A$186-million and an internal rate of return of 37%, with a payback of 3.2 years.
Capital Expenditure
Preproduction capital is estimated at A$108-million.
Planned Start/End Date
Aurelia is targeting all necessary project consents by mid-2023.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Aurelia Metals, tel +61 7 3180 5000 or email office@aureliametals.com.au.
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