Aurelia Metals completes PFS for New Occidental Tailings in NSW

Aurelia Metals has completed a pre-feasibility survey (PFS) for the New Occidental Tailings Retreatment Project astatine its Peak cognition successful central-west New South Wales (NSW), Australia.

The task proposes reprocessing 2 gold-bearing, dry-stacked tailings stockpiles located astir 3km from the Peak processing plant.

The tailings were created from worldly that underwent processing successful the precocious 1980s anterior to being deposited successful stockpiles.

The survey has resulted successful Aurelia's declaration of a maiden mineral assets estimation of 2.6 cardinal tonnes (mt) astatine 0.65 grams per tonne (g/t) gold, and a maiden ore reserve estimation of 2.3mt astatine 0.64g/t gold, arsenic of 30 April 2026.

The tailings are acceptable to beryllium reclaimed and hauled for processing done the existing Peak plant's tertiary shot mill and carbon-in-leach circuit.

Aurelia Metals forecasts accumulation of astir 32,000oz of saleable golden implicit 10 years.

The project's superior outgo is estimated astatine A$3.3m ($2.3m), with A$2.7m allocated to works upgrades including a caller bedewed trommel, dewatering cyclone and trash screen.

Road improvements and preparatory works relationship for the remainder.

Economic modelling for the retreatment initiative, based connected an mean golden terms of A$5,017/oz and arsenic of 1 January 2027, estimates a post-tax nett contiguous worth of A$42m astatine an 8% discount rate, and an interior complaint of instrumentality of 258%.

Peak Gold Mines, a subsidiary of Aurelia Metals, holds the applicable mining lease, which is scheduled to expire successful September 2033.

Aurelia Metals plans to question improvement support from the Cobar Shire Council pursuing archetypal discussions.

The task is acceptable to advancement to a afloat feasibility study.

During the archetypal fractional of fiscal twelvemonth 2027 (H1 FY27), planned enactment includes further metallurgical testing, completing elaborate engineering and superior outgo assessments, and seeking licence approvals from the CSC.

Construction activities are expected successful H2 FY27, with accumulation owed to statesman successful FY28.

Aurelia Metals managing manager and CEO Bryan Quinn said: "The New Occidental Tailings Retreatment Project is simply a large illustration of our method and operational teams continuing to unlock worldly further worth from Aurelia's existing infrastructure astatine Peak.

"The task capitalises connected caller optimisation initiatives astatine Peak, peculiarly the installation of the tertiary shot mill from Dargues, which creates the accidental to process the tailings worldly concurrently with Pb/Zn [lead/zinc] ore processing campaigns, astatine debased incremental superior and operating costs."

Earlier this month, Legacy Minerals signed a binding earn-in and farm-in statement with Peak Gold Mines regarding its Cobar Project successful NSW.

"Aurelia Metals completes PFS for New Occidental Tailings successful NSW" was primitively created and published by Mining Technology, a GlobalData owned brand.