Legacy Minerals signs agreement with Aurelia Metals for Cobar Project
Key takeaways
- Aurelia’s presence in the Cobar Basin, with nearby operations such as the Peak Mine and associated processing facilities, offers the potential for any discoveries at the project site to progress through to development.
- Under the terms of the agreement, Aurelia Metals can earn an initial 51% interest in the Cobar Project by funding A$500,000 ($358,690) of exploration within two years from the commencement date.
- If Aurelia proceeds to stage two, it may increase its interest to 90% in aggregate by providing an additional A$1.5m for exploration activities within five years from the same date.
Legacy Minerals signs agreement with Aurelia Metals for Cobar Project The Cobar Basin is recognised for its copper · Mining Technology Shree Mishra Wed, June 3, 2026 at 6:12 PM GMT+7 2 min read AMI.AX GC=F Legacy Minerals has signed a binding earn-in and farm-in agreement with Peak Gold Mines, a fully owned subsidiary of Aurelia Metals, regarding its Cobar Project in New South Wales (NSW), Australia.
Aurelia’s presence in the Cobar Basin, with nearby operations such as the Peak Mine and associated processing facilities, offers the potential for any discoveries at the project site to progress through to development.
Under the terms of the agreement, Aurelia Metals can earn an initial 51% interest in the Cobar Project by funding A$500,000 ($358,690) of exploration within two years from the commencement date.