AMI 2.70% 19.0¢ aurelia metals limited

Article

  1. KKR
    1,203 Posts.
    lightbulb Created with Sketch. 417
    Peak consults community over plans for Great Cobar Mine

    Sept 18 2019 - Source: The Cobar Weekly

    https://cobarweekly.com.au/peak-consults-community-over-plans-for-great-cobar-mine/

    Additionally - Survey Summary below:
    Column 1
    0  

    Peak Gold Mines Pty Ltd (PGM), a wholly owned and operated subsidiary of Aurelia Metals Limited (Aurelia) is proposing to extend operations at New Cobar Complex (which includes the New Cobar and Chesney deposits) by developing new underground operations to include the Great Cobar and Gladstone deposits. Collectively these deposits make up the New Cobar Complex. Together with the Peak Complex to the south, these complexes make up the Peak Gold Mine.

    In order to comply with State planning legislation, PGM is seeking a single contemporary approval through the Department of Planning, Infrastructure and Environment (DPIE) for the New Cobar Complex that incorporates the four deposits of New Cobar, Chesney, Great Cobar and Gladstone.

    Location
    PGM is situated between three and ten kilometres to the south-east of the town of Cobar, approximately 270 kilometres to the north-west of Dubbo, 310 kilometres to the north of Griffith and 550 kilometres to the north-west of Sydney.

    PGM is located within the Darling catchment of the Barwon-Darling and far western catchments water management area and is within the Murray-Darling Basin.

    PGM’s existing approval relates to land within Consolidated Mining Lease (CML) 8 which contains the Peak Complex, and CML 6 and Mining Lease 1483 containing the New Cobar Complex.

    Proposed changes
    The current operations will exhaust the supply of economic ore by 2023. The proposed New Cobar Complex is anticipated, under current economic conditions, to extend the underground operations by an additional 12 years to 2035.

    The extension of mining operations will require mining the Great Cobar and Gladstone deposits. This would require approximately 50 ore truck movements along Kidman Way per day averaged over a calendar month. This extension may require additional power beyond current usage however no additional water will be required. The harvesting of waste rock and transportation of that material will go back underground for use in stope backfilling. It is anticipated that there would be negligible surface disturbance.

    The continuation of operations will sustain the existing workforce. There may be opportunities for temporary employment during construction and some specialised roles.

    For more information visit Aurelia's website at http://aureliametals.com/projects/peak/new-cobar
 
watchlist Created with Sketch. Add AMI (ASX) to my watchlist
(20min delay)
Last
19.0¢
Change
0.005(2.70%)
Mkt cap ! $321.3M
Open High Low Value Volume
18.5¢ 19.5¢ 18.0¢ $481.7K 2.565M

Buyers (Bids)

No. Vol. Price($)
1 117544 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 719433 10
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
AMI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.