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 9.4/10 is stronger than the peer average of 6.5/10.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Mar 2023 · Source
- May 2023 · Source
- Aug 2023 · Source
- Dec 2024 · Source
- Reached — date not disclosed · 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.
Jurisdiction (40%)9/10
New South Wales: Fraser PPI 2025 is 73.26 of 100 (rank 37 of 68), which maps to 9 on this site's scale. New South Wales, Australia — top-tier mining jurisdiction.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Peak & Federation Operations, Cobar Basin, New South Wales.
Nearby producing mine (20%)10/10
CSA (Cobar) (Harmony Gold Mining Company Limited) is 19 km away -- within shared-mill trucking range.
Acquisition Susceptibility
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 in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:8.1/10
Nearest producing mine: CSA (Cobar) (Harmony Gold Mining Company Limited), 19 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
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 Metals operates underground mines in the Cobar Basin of western New South Wales, including Peak, Hera and Dargues, with ore from the Federation mine processed at the Peak plant since December 2024, producing gold, copper, silver, lead and zinc; gold made up 54.7% of FY2026 sales revenue. FY2026 gold production was 50,400 oz, above its upgraded guidance. Its measured and indicated gold resource of 119,270 oz (3,537 oz measured, 115,733 oz indicated), plus 25,079 oz inferred, covers the Federation deposit only, while the wider group resource of about 29 Mt is dominated by copper-rich tonnes at Peak, Nymagee and Queen Bee. In June 2026 Aurelia completed an A$150M refinancing that is funding development of the Great Cobar copper project at Peak.
Cobar Basin operations (NSW): Peak is the current active underground mine (Peak South, New Cobar, combined base-metals/gold plant). 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%.