Aurelia Metals Limited reported exploration drilling at the Chesney East, Burrabungie and Queen Bee prospects in and near its Peak Mine has returned high grade copper and gold results with the potential to extend the life of the Peak operation. Highlights: Chesney East Gold Lens (CEGL) results include: 9.0m @ 0.4% Cu and 21.9g/t Au (in DD22CH0065) - Including 3.0m @ 0.2% Cu and 61.9g/t Au - 18.4m @ 0.9% Cu and 6.8g/t Au (in DD22CH0054) - Including 4.0m @ 0.8% Cu and 28.1g/t Au - Including 1.0m @ 0.6% Cu and 89.6g/t Au - 24.1m @ 0.9% Cu and 5.4g/t Au (in DD22CH0056) - Including 2.9m @ 0.3% Cu and 42.7g/t Au - 6.1m @ 1.1% Cu and 14.3g/t Au (in DD22CH0061) - Including 1.0m @ 1.8% Cu and 53.1g/t Au 10.5m @ 2.4% Cu and 1.2g/t Au (in DD22CH0061) - Including 1.0m @ 12.8% Cu and 0.2g/t Au And 1.2m @ 4.2% Cu and 9.7g/t Au. Burrabungie (Chesney South) results include: 16.0m @ 1.9% Cu (in DD22CA0647) - Including 2.0m @ 3.4% Cu And 2.0m @ 3.6% Cu - 14.9m @ 1.7% Cu (in DD22CA0654) Including 5.0m @ 2.7% Cu. Queen Bee results include: 2.9m @ 4.2% Cu and 28g/t Ag (in DD22QB0035) Including 1.0m @ 5.5% Cu and 32g/t Ag - 4.3m @ 2.6% Cu and 19g/t Ag (in DD22QB0031) Including 0.7m @ 4.7% Cu and 22g/t Ag. The significant drill results from the Cobar District once again affirm the Company's view that it holds one of the most prospective ground positions in the region. This most recent drilling campaign, which was focussed on prospects within and surrounding Aurelia's Peak Mine operation, has the potential to contribute meaningfully to Peak's already significant Mineral Resource, of 18.6 million tonnes. The results demonstrate the high potential for copper and gold mineralisation in a range of settings at the Peak Mine, including remnant areas (Chesney East Gold Lens), near mine areas (Burrabungie Lens)
and regional satellite ore deposits (Queen Bee). The three prospects tested are all located in close proximity to Peak infrastructure, with Chesney East Gold Lens just 10m and Burrabungie Lens within 100m of existing underground development. Queen Bee, an historic mine which has now been successfully accessed and drilled as a maiden drill program for Aurelia, is within 10km of existing Peak infrastructure. The very high copper and gold grades intersected at these locations will be the subject of further
exploration and evaluation activities given the potential they could be converted to additional mine feed with minimal capital expenditure.