Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

AURELIA METALS LIMITED Capital/Financing Update 2012

Nov 25, 2012

64376_rns_2012-11-25_19d1a5cf-81ac-4752-916d-3f7c234a6973.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [88 x 104] intentionally omitted <==

----- Start of picture text ----- ASX: YTC26 Nov 2012----- End of picture text -----

Hartleys Issues Research Update

YTC Resources Limited (“YTC” or the “Company”) is pleased to advise that Hartleys Limited has published an updated research report on the Company following the announcement of YTC’s $158 million financing and offtake agreement with Glencore International AG.

To view a copy of the research report titled “ Glencore Funding for Hera-Nymagee Development ”, please visit the “Broker Research’ page beneath “Investor & Media Information” at our website at www.ytcresources.com

==> picture [88 x 104] intentionally omitted <==

----- Start of picture text ----- ASX: YTC26 Nov 2012----- End of picture text -----

About the Hera Gold and Base Metals Deposit

The Hera Project is located 100km south-east of Cobar and is hosted in Cobar Basin rocks which also host the world-class mineral deposits at CSA, The Peak and Endeavor.

The Hera deposit was discovered by Pasminco in 2001 and advanced to pre-feasibility by Triako Resources in the period 2002 to 2006, before Triako was the subject of a takeover by CBH Resources Limited. YTC acquired the Hera Project from CBH Resources in September 2009.

The Hera deposit represents multiple lenses of high grade, sub-vertical gold and base metal mineralisation. The central Main lens represents the bulk of the deposit tonnes and extends for approximately 600m along strike.

In September 2011, YTC released a Definitive Feasibility Study (‘DFS”) on mining and processing of the Hera deposit to establish an underground mine producing gold, silver, lead, zinc as Stage 1 of an integrated mine development with Nymagee. The study confirms the technical and financial viability of the development of the Hera deposit. Stage 1 development will see the establishment of the Hera gold mine and construction of a processing facility at the Hera site.

YTC received State Government Approval for the Hera Project in August 2012.

Stage 2 Feasibility studies will look at the optimum strategy for the integration of the Nymagee deposit into the Hera development.

YTC considers that exploration upside exists not only in the extension of the existing lenses, but also in the interpretation of Hera to evolve into a major gold-base metal system consistent with the pedigree of Cobar-style deposits.

==> picture [370 x 234] intentionally omitted <==

Hera Project – Completed Boxcut

==> picture [88 x 104] intentionally omitted <==

----- Start of picture text ----- ASX: YTC26 Nov 2012----- End of picture text -----

About the Nymagee Joint Venture

YTC has a 95% interest in the Nymagee JV tenements which are located immediately north of YTC’s 100% owned Hera gold-base metal deposit.

YTC has recently announced a maiden resource at Nymagee of 8.1Mt @ 1.2% Cu, 0.3%Pb, 0.7% Zn and 9g/t Ag.

The Joint Venture includes the Nymagee Copper Mine which last operated in 1918, and has recorded historical production of 422,000t @ 5.8% Cu.

YTC is the manager and operator of the Joint Venture and undertaking exploration at Nymagee to pursue the combined development of Nymagee and Hera.

The Nymagee Mine Joint Venture includes the following Exploration Licences and Mining Leases which cover both the historic Nymagee Copper Mine as well as linking the tenement coverage of the Hera-Nymagee corridor.  EL 4458, EL 4232, ML 53, ML 90, ML 5295, ML 5828 and PLL 847

==> picture [463 x 259] intentionally omitted <==

Massive sulphide mineralisation – Nymagee Copper Deposit