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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.

AMI by the numbers
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