Aurelia Metals Reports FY25 Production Within Guidance, Cash Rises to A$110M
Aurelia Metals has successfully met its FY25 production guidance across all key metals while strengthening its cash position to A$110 million, setting the stage for upcoming growth projects including the Great Cobar development.
- FY25 production guidance achieved for gold, copper, zinc, and lead
- Cash on hand increased to A$110 million as of 30 June 2025
- Undrawn US$23.6 million loan facility maintains strong liquidity
- Transition of Dargues mine to closure alongside Federation ramp-up
- Great Cobar Project development commenced in July 2025
Strong Operational Delivery Amid Transition
Aurelia Metals Limited (ASX, AMI) has reported a solid finish to its 2025 financial year, achieving production targets across all its key metals, gold, copper, zinc, and lead. This accomplishment comes at a pivotal time as the company phases out operations at its Dargues mine while simultaneously ramping up output at its Federation mine, both located within the prolific Cobar Basin in New South Wales.
The company produced 45,400 ounces of gold, 2,700 tonnes of copper, 16,800 tonnes of zinc, and 15,700 tonnes of lead during FY25, all comfortably within the guidance ranges set at the start of the year. This steady performance underscores Aurelia’s operational resilience and effective mine management during a period of significant transition.
Robust Balance Sheet Fuels Growth Ambitions
Financially, Aurelia Metals has strengthened its position with cash on hand rising to A$110 million as of 30 June 2025, up from A$106.7 million in the prior quarter. The company also retains access to an undrawn US$23.6 million loan facility, providing total liquidity exceeding A$145 million. This robust liquidity profile is critical as Aurelia prepares to fund its next phase of growth.
Managing Director Bryan Quinn highlighted the company’s strong balance sheet as a key enabler for upcoming projects, particularly the Great Cobar Project. Development work on this high-grade copper asset began in July 2025, aligning with Aurelia’s strategic plan to expand its footprint and production capacity in the Cobar region.
Looking Ahead, Growth and Operational Discipline
While Aurelia’s FY25 results reflect operational discipline and financial prudence, the company remains focused on managing costs and capital expenditure within guided ranges. The forthcoming June 2025 Quarterly Activities report, due for release on 21 July, is expected to provide further detail on these metrics and the progress of growth initiatives.
The transition from Dargues to Federation production, coupled with the commencement of Great Cobar development, signals a dynamic period ahead. Investors will be watching closely to see how Aurelia balances these operational shifts while maintaining its strong safety record and financial health.
Bottom Line?
Aurelia Metals closes FY25 on a high note, poised to leverage strong liquidity for its next growth chapter.
Questions in the middle?
- How will the ramp-up at Federation offset the closure of Dargues in FY26 production?
- What are the expected timelines and capital requirements for the Great Cobar Project?
- How might commodity price fluctuations impact Aurelia’s forward guidance and profitability?