Back to 20c Party, page-4

Re Hera. This is link to the latest from the company's website; https://aureliametals.com/hera-mine/

From the annual report these are the key points.

• the company is planning to mill between 1.2 and 1.4Mtpa.
• Initially Federation ore will be trucked to Peak until optimum throughput of 800ktpa is achieved at Peak
• Hera will be re-started once Peak is optimized and as you can see from the website, Hera had been doing 455ktpa

My understanding for Federation development is that some of the capex spending is to be spent re-configuring Hera to suit the metal mix. Hera is currently under care and maintenance. It's a while since the company has commented on this reconfiguring, with most of the recent announcements simply referring to development in the Federation mine, and the surrounding infrastructure such as the road. However I would note the company has announced it has comprehensively reviewed its operations including the planning of mining at Federation to optimize returns. Mining more copper and gold at Peak at the moment is part of that plan and as can be deduced from the current high prices in both these commodities, we seem to be making the right decisions.
I hope this helps.