Aurelia Metals (AMI) Noosa Mining Conference 2026 summary

Investment Proposition, Strategic Positioning, and Growth Initiatives

• Transitioned from a heavy investment phase to value creation and cash flow, supported by a strong commodity portfolio and robust cash balance.

• Maintains a strong balance sheet with AUD 143.9 million cash and no drawn debt as of June 2026, enabling self-funded growth and exploration.

• Three major growth projects underway: Federation, Great Cobar, and Peak Plant Optimisation, with all guidance requirements met or exceeded for the year.

• Holds 1,900km² of prospective exploration tenements and has executed an earn-in agreement with Legacy Minerals to expand exploration.

• Investments over past years are expected to yield significant returns with less capital outlay moving forward.

Operational Performance and Expansion

• Peak Mine and Federation Mine delivered record production and throughput, with grades improving and significant ROM stockpiles built.

• FY26 gold production exceeded revised guidance at 50.4koz; copper, zinc, and lead production met targets.

• Plant upgrades, including a new thickener and ball mill, are on track for commissioning in Q1 FY 2027, expected to boost capacity to 1.1–1.2Mtpa.

• Federation Mine achieved commercial production in July FY 2026, with ore grades ahead of plan and increasing as mining progresses.

• New Occidental Tailings Project to add 32koz gold over 10 years from FY28 at low capital cost, providing high returns and environmental benefits.

Project Development and Exploration

• Great Cobar Project development is on schedule, with 1,823m of mine development completed and shaft construction starting Q2 FY 2027.

• Great Cobar resource stands at 11Mt @ 2.0% Cu and 0.5g/t Au, with deeper high-grade zones to be drilled as decline advances and production forecast to start in ~2 years.

• Federation underground exploration extended high-grade mineralisation and discovered the Harley Lens, supporting future resource growth.

• Over 135 prospect areas identified, with more than 170 targets across tenements and additional drilling in H2 FY 2027–FY 2028 expected to unlock further resource potential.

• Track record of low discovery costs and successful conversion of exploration to operations.