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Aurelia Metals (ASX:AMI) has confirmed underground development works recommenced in early July after a flood-like water damage event at Federation.
However, the production of first stope ore could be pushed back to Q2 of FY25, the company warned on Friday.
This comes despite 24/7 rostering back in place per Aurelia’s Friday update; a water treatment plant has also been brought on-site to further assist with dewatering both incidental and natural in the job.
In June, the company flagged its NSW-based project had been subject to heavy rains across multiple months of early CY24, culminating in a pause of underground works.
Four water evaporator assets were installed at the Hera tailing storage facility which Aurelia described as part of long-term water management.
“It is pleasing that development at Federation has recommenced and returned to 24 hour operation,” CEO Bryan Quinn said.
AMI last traded at 21.5cps.
