Aurelia Metals Limited (ASX: AMI) announced the completion of a maiden Mineral Resource Estimate for the Federation deposit situated 10 km south of the Company’s operating Hera Mine near Nymagee in NSW.
The Mineral Resource Estimate includes Indicated and Inferred Resources totalling 2.6Mt at 7.7% Pb, 13.5% Zn, 0.8g/t Au & 9g/t Ag.
The company has started scoping study to access the project development, expecting processing through the current plant at the Hera Mine.
At AEST 11:58 AM, AMI shares are trading at A$0.495, up 4.211% from the previous close.
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