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AURELIA METALS LIMITED

ASX: AMI

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

AURELIA METALS is a copper gold and tin exploration company listed on the ASX (ASX: AMI)

Copper-Gold Projects

The Company has chosen to focus its gold-copper exploration within NSW. The reasons for this range from the current low rates of exploration and the state's endowment of world-class deposits. Other essential features are

  • favourable mining and exploration legislation
  • property accessibility and NSW's developed infrastructure
  • The world class NSW gold-copper deposits contain Newcrests's Cadia Ridgeway operation, Rio Tinto's North Parkes mine and Barrick's Cowal Gold Mine.

Since 2001, investigation activity in NSW has increased, resulting in a number of new discoveries such as Wyoming gold deposit (discovered 2001; 7.13Mt @ 2.70g/t Au) and Dargues Reef (discovered 2004; 3.58Mt @ 2.8g/t Au). These discoveries help ensure the prospectivity of NSW.

AMI's primary copper-gold assets include the Kadungle project, future for porphyry copper-gold and epithermal gold gold Project that is the Baldry, which formerly hosted mining activities by BHP Gold.

Tin Projects

Since pre-IPO, Aurelia Metals Limited (AMI) has kept a tactical concentrate on tin as a strategic commodity. Since 2005 the company secured and has targeted a number of highly future historic tin fields such as the significant historical creation places of Tallebung and the Torrington tin field in NSW's New England district.

The main tin focus of AMI remains the Tallebung Project, which the firm believes has the capacity to host a very big, low grade 'porphyry' tin deposit. Investigation on the Job is anticipated to re-initiate from mid 2012.

AMI also remains active in the Doradilla Project which hosts an extremely large tin- in skarn deposit together with numerous polymetallic investigation goals zinc and tin.

With Taronga Mines Ltd, Aurelia Metals Limited (then YTC Resources) reached deal in 2010 to divest the interest of the company in exchange to get a substantial shareholding in the New England district tenements. The quite big Taronga tin deposit which stands as the greatest undeveloped hard-rock tin deposit is controlled by Taronga. The mix of the Taronga deposit with the substantial investigation tenement coverage of YTC represents a logical and beneficial mix for both Taronga Mines and YTC.

AMI remains firmly supportive as its pursues an ASX listing and commences exploration and feasibility activities to the Taronga Deposit and the surrounding tenement area.

Mine For

copper, gold, tin

Location of operation(s)

New South Wales,

Address

2 Corporation Place
ORANGE, NSW, Australia

Phone

+61 2 6363 5200

Email

Website


Last Updated

4/9/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.