A good news story in Cobar and an update from Ords.
https://cobarweekly.com.au/new-partnership-for-hera-mine-emergency-rescue-team/
Ahead of the prefeasibility study outcome, Ord Minnett assesses the possible development options. The broker assumes a $130m brownfield expansion to establish a new 600,000tpa underground mine with more than 10 years of life and producing 150,000 ounces gold equivalent per annum.
There are a number of development options such as, in a construction boom, a capital-light or staged development could mean a deferral of the mill expansion. Ord Minnett reiterates a Buy rating for Aurelia Metals with a $0.70 target.
All the best.
KKR
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