Ord Minnett rates AMI as Buy
11 October 2022
A feasibility study for Aurelia Metals's Federation site has confirmed a 600,000 tonnes per annum operation with an initial eight-year mine life. Ord Minnett highlights while resource of 5m tonnes is unchanged, grades are slightly weaker than expected.
The study detailed a start to operations in FY25, with initial capital expenditure of -$108m better than the -$130m the broker had anticipated.
Currently decline works at the project are on hold given concerns over funding, driving an increase to Ord Minnett's risk weight to 40% from 20%.
The Buy rating is retained and the target price decreases to $0.50 from $0.70.
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $313.1M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 17.8¢ | $2.077M | 11.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 2604584 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 764045 | 9 |
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| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| AMI (ASX) Chart |