March Quarter FY25 Results
On 23 April 2025, we released our March quarter FY25 results to the market.
Highlights from the quarter included a very strong production and cost performance, the continued ramp up of mining at Federation, the approval of the Great Cobar Project investment and an increase in cash balance by A$10M.
Managing Director and Chief Executive Officer, Bryan Quinn spoke about the results.
“During the March quarter, we have continued our strong operational performance, achieved several significant milestones at Federation and have increased our cash position. Importantly, our focus on safety continues a quarter-on-quarter improvement in our TRIFR,” Bryan said.
“Production highlights include 95.6% recoveries in gold produced and 877m in development performance at Federation which are both key value drivers for our business.
“Peak also continued its strong cash generation during FY25 which, in this quarter, more than funded our investments in growth at Federation and in Exploration. This strengthened our balance sheet with cash of $106.7M, an increase from $96.7M at the end of September quarter.
“Our growth in the Cobar Region was strengthened during the quarter with the approval of the water processing and treatment upgrade project, haulage of 600kt of ore from Federation to Peak. Additionally, our Board approved the Great Cobar Project early in the June quarter. The approval of Great Cobar represents an exciting strategic pivot for the business to increase copper production from the Peak Mines from 2028.
“Looking to the end of FY25, our focus will remain on safely delivering our guidance targets, ramping up Federation production, commencing approved growth projects and accelerating exploration at the Federation north extension. Our teams will also be finalising other project studies related to the growth journey to deliver the 1.1-1.2Mt in the medium term,” Bryan concluded.
Visit the ‘Investor centre’ page to see the full financial result and presentation
https://aureliametals.com/march-quarter-fy25-results/ |