Aurelia Metals Ltd
Aurelia Metals operates three underground mines in the Cobar Basin of western New South Wales -- Peak (comprising Peak South and New Cobar, with a combined base-metals and gold processing plant), Hera, and Dargues -- producing gold, copper, silver, lead, and zinc. FY26 gold production reached 50,400 oz, above revised guidance, with a record Q4 FY26 operating cash flow of A$53.1 million; the company closed a new A$150 million senior secured financing package (Citi, Credeq, HSBC) in June 2026, freeing up restricted cash to help fund a planned plant expansion. The consented, high-grade Great Cobar copper development at Peak is the company's next production growth driver.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.4/10.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Mar 2023 · Aurelia received Development Consent from the NSW Government for the Federation deposit near Nymagee, NSW, ahead of schedule. · Source
- May 2023 · Aurelia secured an A$140M funding package (including a A$100M Trafigura facility) enabling continuation/restart of Federation development -- the closest equivalent to a formal construction decision; no standalone board-FID release was located. · Source
- Aug 2023 · Underground development activities at Federation recommenced following the May 2023 funding close; over 5,400m of lateral development had been completed by year-end. · Source
- Dec 2024 · First ore from the Federation Mine commenced processing through the existing Peak processing facility (~18kt initial campaign), integrating Federation into Aurelia's Cobar Basin operations. · Source
- Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists: Aurelia is a mature, continuously-operating multi-mine producer in the Cobar Basin, NSW. Peak has been producing for years; Dargues operated then ceased ore production in mid-2024 (now in care-and-maintenance/rehabilitation, no longer an active producer); Federation reached commercial production separately from 2025-07-01. Its June-quarter (Q4 FY26) Activities Report (released 2026-07-20) reported gold production above guidance and record operating cash flow from Peak and Federation, confirming ongoing commercial production today. Note Aurelia is genuinely a multi-commodity producer (gold, silver, copper, lead, zinc -- gold/silver ~60% of Q3 FY26 revenue) rather than gold-only; that classification question is separate from this milestone and not resolved here. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Interim Chief Executive Officer of Aurelia Metals Ltd. Joined Aurelia as CFO in December 2022, named Interim CEO in July 2026. Over 25 years in finance and investor relations, previously General Manager Investor Relations at Evolution Mining.
Interim Chief Financial Officer of Aurelia Metals Ltd. Joined the company in 2019, appointed Interim CFO in July 2026. Chartered Accountant with prior senior finance roles at MMG, Lend Lease, Newcrest and Schlumberger.
Chief Development and Technical Officer of Aurelia Metals Ltd. Joined in 2022 as General Manager Growth, promoted to current role in September 2023. Prior executive roles at MMG, OZ Minerals, Zinifex and BHP.
General Counsel and Company Secretary of Aurelia Metals Ltd. Joined in August 2020 as Senior Legal Counsel. Corporate lawyer with over 20 years' experience in the energy and resources sector.
General Manager Cobar Region for Aurelia Metals Ltd. Joined June 2021, moved into the current role June 2024. Mining engineer with 22 years' site experience.
General Manager – People and Culture at Aurelia Metals Ltd. Joined April 2025. Over 20 years' HR experience, including 15 years at BHP.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Lyn Brazil, a Queensland farmer, investor and philanthropist, is Aurelia's dominant shareholder: Brazil Farming Pty Ltd and Anchorfield Pty Ltd, trustee for the Brazil Family Foundation, together hold 23.94%, about 405 million shares. He backed that conviction with cash -- 30,000,000 shares bought through on-market trades on 2 Sept 2025, lifting him to 379,357,179 shares -- and he rejoined the board as a non-executive director in April 2026 to represent the holding. It is a long-standing, concentrated, personally-funded position rather than a mining company's strategic stake or a resource fund's, and the rest of the register is index and passive money dating from 2020-2021.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Aurelia's Cobar Basin complex (Peak, Federation, Great Cobar, Nymagee, Queen Bee, NSW) is polymetallic, not a gold-only resource: per the 21 Oct 2025 Group Mineral Resource and Ore Reserve Statement, Group Mineral Resource grew 12% to 29 Mt (up from 26 Mt in 2024) and Ore Reserve grew 17% to 5.5 Mt, driven primarily by copper-dominant tonnes at Peak, Nymagee and Queen Bee. Federation's own Mineral Resource is 4.4 Mt at 7.7% Zn, 4.4% Pb, 0.2% Cu and 1.0 g/t Au. The company does not compute a group-wide gold-equivalent (AuEq) figure -- ouncesFound left null rather than writing a gold-only or mis-scoped number (see file header methodology note, same shape as the THM precedent, Batch J). Group Production Target: 8.6 Mt, ~8-year life at the expanded processing rate. FY26 gold production (Peak) was 50.4 koz.
Cobar Basin operations (NSW): Peak is the current active underground mine (Peak South, New Cobar, combined base-metals/gold plant). Dargues ceased production Aug 2024 and Hera ceased Mar 2023 per independent coverage (both now care & maintenance) -- this sits awkwardly against this miner's own stored description, which describes all three as currently operating; flagged, not resolved, in this pass. H1 FY26 group ore reserves grew 17% to 5.5 Mt (no matching contained-gold-ounces figure found from a single primary source). A Peak tailings-retreatment PFS (small satellite project, not the flagship-scale figure this site tracks) shows post-tax NPV of A$42M and IRR of 258%. ouncesFound not written this pass -- see script header for why.