THE BOURSE WHISPERER: Aurelia Metals (ASX: AMI) celebrated the official opening of the company’s Hera gold-zinc-lead mine, which was attended by New South Wales Minister for Resources and Energy Anthony Roberts and Kevin Humphries, Member for Barwon.
The opening was also attended by Aurelia employees, directors, shareholders, project partners and members of Nymagee community.
Source: Company announcement
AMI has already completed its first shipment of 5,734 tonnes of zinc-lead concentrate from the Hera mine.
According to Aurelia the shipment is moving on schedule and was above specifications grading 56 per cent lead and zinc.
The concentrate will be sold to Aurelia’s offtake partner Glencore.
The company is scheduled to be shipping concentrate approximately every six weeks.
“We are very pleased with our maiden concentrate shipment which represents another important milestone for the Hera project,” Aurelia Metals managing director Rimas Kairaitis said in the company’s announcement to the Australian Securities Exchange.
The Hera-Nymagee project consists of the high-grade underground Hera gold-lead-zinc-silver mine (Aurelia 100%) and the Nymagee copper deposit (Aurelia 95%), and is located approximately 100km south-east of Cobar, in central NSW.
Aurelia is now in final plant commissioning stages of the Hera project with first production commenced in the September quarter 2014.
The Hera mine produces gold and silver doré bars by gravity and concentrate leach and also produces a high-grade bulk-lead-zinc concentrate for sale.
Aurelia said it is also currently evaluating the Nymagee copper deposit, located 4.5km to the north, with a view to demonstrating an integrated development of the Hera and Nymagee deposits.
Aurelia declared its commitment to ongoing exploration of the Hera-Nymagee project saying it considers both deposits have potential to evolve into a large ‘Cobar style’ mineral system.