Federation West Drillhole Yields 37.9% Zinc and 16% Lead in New Lens Discovery

Federation West – High-Grade Extensions and New Lenses

Aurelia Metals Limited (ASX – AMI) has delivered a compelling update from its Nymagee District exploration programs, highlighting significant progress at the Federation West offset discovery. Drillhole FDD222 has confirmed a down-dip extension of the Federation West lens with outstanding grades, including 3.0 metres at 25.3% zinc and 11.0% lead, and a standout 1.0 metre interval grading 37.9% zinc and 16.0% lead. This confirms earlier visual estimates and suggests the presence of multiple high-grade lenses within close proximity, approximately 140 metres, from the planned mining front at Federation.

Chief Development and Technical Officer Andrew Graham emphasised the importance of these findings, noting that the mineralisation appears to be in a separate lens from previous results. This discovery could materially enhance the mine’s resource profile and longevity, underpinning future development plans.

Nymagee Deposit – Resource Expansion and New Targets

At the Nymagee deposit, the Stage 2 resource expansion drilling program has wrapped up, delivering promising intersections such as 5.2 metres at 3.0% copper and 5 grams per tonne silver, alongside 4.1 metres at 9.9% zinc and 5.7% lead. These results extend known mineralisation zones both laterally and at depth, reinforcing the deposit’s potential.

Complementing the drilling, a Downhole Electromagnetic (DHEM) survey conducted on seven drillholes has identified several conductive anomalies offset from the main mineralised zones. These anomalies suggest additional lenses may be developing at depth, a hypothesis supported by geochemical vectoring. Aurelia plans to target these areas with further drilling in the first half of fiscal 2026, aiming to convert these geophysical targets into defined resources.

Strategic Implications and Next Steps

Both Federation West and Nymagee deposits are situated within Aurelia’s secure mining leases in the Cobar Basin, New South Wales, an area with a rich exploration history. The company’s systematic approach, combining high-quality diamond drilling, detailed geological logging, and advanced geophysical surveys, continues to yield high-grade results that could significantly bolster its resource base.

The upcoming 2025 Mineral Resource estimation will incorporate these new data points, potentially upgrading the resource classification and informing mine planning. Meanwhile, the ongoing drill programs, including the recent mobilization to Nymagee North, signal Aurelia’s commitment to unlocking further value across its portfolio.

Investors and market watchers will be keen to see how these exploration successes translate into resource growth and, ultimately, production upside for Aurelia Metals.