Minister for Natural Resources Courtney Houssos will today open the state’s newest critical
minerals and high-tech metals mine.
Aurelia Metals’s Federation mine, near the historic mining town of Cobar, will support more than 140
skilled jobs and provide a $143 million investment boost to the Far West. In 2022, NSW Resources
estimated the mine would contribute $74 million in royalties over the initial project life.
The mine will produce up to 600,000 tonnes each year, with a focus on high-grade zinc, gold, copper
and lead.
Copper has a transformative role in new energy technologies and electrification as a highly efficient
conduit and is used in renewable energy systems including solar, hydro, thermal and wind energy.
Zinc is used in solar panel production, batteries and energy storage.
Gold is essential to circuitry components and wiring in many electronics, including for solar panels
and electric vehicles, while lead has widespread in industrial applications including back-up power
systems in data centres, is used in electrical systems in most electric and hybrid vehicles, and in use
in radiography and nuclear medicine.
The opening of the Federation mine builds on the Minns Labor Government’s commitment to critical
minerals and high-tech metals mining in NSW. These minerals are important to the clean energy
future and support valuable jobs in regional NSW.
Around 4,000 people are directly employed in critical minerals and high-tech metals mines across
NSW.
Aurelia Metals is an Australian-listed mining and exploration company with its key production hub in
the Cobar region of NSW.
Federation will use modern underground mining techniques, reducing its environmental footprint by
operating predominantly below ground. The mine was only discovered in 2019 and received consent
in 2023.
Cobar has a long history as a mining region for base metals and gold, with the first production of
copper occurring in the late 1800s.
Today, mining continues as the key industry underpinning the local economy in Cobar. About 40 per
cent of the local workforce is directly employed in the mining industry.
Federation will be the newest operating mine in the Cobar region, joining the CSA copper and silver
mine, the Peak copper, gold, zinc and lead mine, and Tritton copper mine also in production. A fifth
mine, the Endeavor silver, lead and zinc mine, is expected to restart production next year.
Key statistics:
- Employment: In its first eight years, Federation mine will create more than 140 skilled jobs,
contributing significantly to the local economy. - Mining capacity: The Federation mine will have a production capacity of 600,000 tonnes per
annum from underground, with ore to be processed locally at Aurelia Metals’s Peak and Hera
processing facilities. - Initial production target: The Federation mine is expected to produce 4.0 metric tonnes of
ore containing approximately 328,000 tonnes of zinc, 192,000 tonnes of lead, 12,000 tonnes
of copper, 116,000 ounces of gold and 772,000 ounces of silver. - Capital investment: The project represents a substantial investment of $143 million,
reflecting confidence in the region and the future of mining in NSW. - Royalties: The Federation mine will provide important economic benefits and is expected to
contribute up to $74 million in royalties over the approved project life. - Project approval: The Federation mine received development consent in 2023 for mining
operations until 2036.
Quotes attributable to Minister for Natural Resources Courtney Houssos:
“Opening the Federation mine highlights the Minns Labor Government’s commitment to critical
minerals and the valuable jobs the mining industry supports, including in the Far West.
“Mining has a long and proud history in NSW, and opening the Federation mine today shows it also
has a bright future.
“The critical minerals and high-tech metals from mines across NSW will help build the products for a
clean energy future. With deposits of 21 of the 31 nationally identified critical and strategic minerals,
NSW is well placed to be a global leader.
“The Federation mine will bring immediate employment and investment benefits to Cobar, but it will
also support more jobs and investment through supply chains and towns right across the Far West.
“Congratulations to the investors, management and workforce of Aurelia Metals’s Federation mine
as well as the Far Western NSW community.
“The Minns Labor Government is committed to attracting more investment across the state to
unlock the value of NSW’s critical mineral assets.”
Quotes attributable to Aurelia Metals CEO Bryan Quinn:
“It is remarkable to be opening a brand new mine only discovered in 2019. The short turnaround is
testament to the excellent collaboration of NSW government agencies, the Aurelia team and strong
support from the community.
“It puts in place a strong foundation for the future success of the Federation Mine and high-quality
jobs and opportunities in the region.
“Federation is one of the highest-grade base metals development projects in Australia and is a key
building block to unlock Aurelia’s growth potential in the Cobar Basin. Cash flow generated from
Federation will help to advance Aurelia’s next organic growth project, which is the Great Cobar
deposit.”
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